Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
PUT
AT&T
T
$173B
| $235M | 0.05% |
12,218,900
-2,069,700
| -14% | -$39.6M |
|
302
PUT
Cisco
CSCO
$438B
| $235M | 0.05% |
4,492,900
+608,100
| +16% | +$29.7M |
|
303
CALL
NextEra Energy
NEE
$174B
| $234M | 0.05% |
3,030,600
-339,800
| -10% | -$26.1M |
|
304
PepsiCo
PEP
$196B
| $233M | 0.05% |
1,279,304
+546,298
| +75% | +$95.5M |
|
305
CALL
Abbott
ABT
$202B
| $233M | 0.05% |
2,296,300
+155,000
| +7% | +$16.4M |
|
306
Visa
V
$693B
| $232M | 0.05% |
1,030,518
+410,717
| +66% | +$91.4M |
|
307
PUT
Domino's
DPZ
$11.3B
| $232M | 0.05% |
704,200
+350,500
| +99% | +$117M |
|
308
CALL
ProShares UltraPro Short QQQ
SQQQ
$2.07B
| $230M | 0.05% |
313,712
-138,244
| -31% | -$136M |
|
309
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $230M | 0.05% |
5,829,590
-781,255
| -12% | -$31.1M |
|
310
PUT
Royal Caribbean
RCL
$78.1B
| $230M | 0.05% |
3,516,900
+669,800
| +24% | +$44.2M |
|
311
Merck
MRK
$376B
| $229M | 0.05% |
2,156,628
+1,070,134
| +98% | +$116M |
|
312
PUT
Ford
F
$57.5B
| $228M | 0.05% |
18,116,700
+159,500
| +0.9% | +$2M |
|
313
PUT
AbbVie
ABBV
$468B
| $227M | 0.05% |
1,424,300
-1,190,500
| -46% | -$182M |
|
314
CALL
Analog Devices
ADI
$182B
| $227M | 0.05% |
1,148,500
-322,300
| -22% | -$57.8M |
|
315
CALL
JD.com
JD
$39.7B
| $226M | 0.05% |
5,155,900
+681,500
| +15% | +$35.2M |
|
316
PUT
Applied Materials
AMAT
$391B
| $226M | 0.05% |
1,842,000
+153,500
| +9% | +$17.6M |
|
317
PUT
Atlassian
TEAM
$43.5B
| $226M | 0.05% |
1,320,600
+32,800
| +3% | +$5.23M |
|
318
PUT
Baidu
BIDU
$31.6B
| $224M | 0.05% |
1,482,700
-67,000
| -4% | -$9.5M |
|
319
CALL
Dollar Tree
DLTR
$25.3B
| $223M | 0.05% |
1,553,600
+584,700
| +60% | +$84.8M |
|
320
ARK Innovation ETF
ARKK
$6.72B
| $223M | 0.05% |
5,525,301
+4,008,160
| +264% | +$154M |
|
321
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $222M | 0.05% |
6,571,400
+136,600
| +2% | +$4.63M |
|
322
Marriott International
MAR
$92.9B
| $222M | 0.05% |
1,338,995
-113,888
| -8% | -$19M |
|
323
PUT
American Airlines Group
AAL
$9.15B
| $221M | 0.05% |
15,010,000
+6,568,800
| +78% | +$102M |
|
324
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $220M | 0.05% |
2,072,383
+350,228
| +20% | +$36.6M |
|
325
PUT
SolarEdge
SEDG
$1.9B
| $220M | 0.05% |
722,800
+178,000
| +33% | +$54.3M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.