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 |
NVIDIA
NVDA
|
+$1.79B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$576M |
| 3 |
Microsoft
MSFT
|
+$546M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$436M |
| 5 |
JPMorgan Chase
JPM
|
+$324M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$2.48B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.73B |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$765M |
| 4 |
Apple
AAPL
|
+$656M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$526M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.7% |
| 2 | Consumer Discretionary | 1.66% |
| 3 | Financials | 1.18% |
| 4 | Communication Services | 1.07% |
| 5 | Healthcare | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
PUT
ProShares UltraPro QQQ
TQQQ
$35.8B
| $235M | 0.05% |
11,480,800
+432,600
| +4% | +$6.94M |
|
302
CALL
Northrop Grumman
NOC
$78.3B
| $234M | 0.05% |
513,500
+59,800
| +13% | +$27.1M |
|
303
PUT
Applied Materials
AMAT
$391B
| $232M | 0.05% |
1,606,300
-235,700
| -13% | -$29.5M |
|
304
PUT
SolarEdge
SEDG
$1.9B
| $231M | 0.05% |
857,100
+134,300
| +19% | +$38.5M |
|
305
CALL
DoorDash
DASH
$96.8B
| $230M | 0.05% |
3,012,600
+794,300
| +36% | +$52.7M |
|
306
PUT
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$20B
| $229M | 0.05% |
9,222,000
+2,440,700
| +36% | +$45M |
|
|
SCHW
307
CALL
Charles Schwab
SCHW
$194B
| $228M | 0.05% |
4,020,200
-964,600
| -19% | -$50.5M |
|
308
PUT
American Airlines Group
AAL
$9.15B
| $227M | 0.05% |
12,633,700
-2,376,300
| -16% | -$34.8M |
|
309
PUT
Delta Air Lines
DAL
$54.2B
| $226M | 0.05% |
4,761,300
-518,300
| -10% | -$19.1M |
|
310
PUT
iShares US Home Construction ETF
ITB
$2.27B
| $226M | 0.05% |
2,645,900
+1,977,000
| +296% | +$150M |
|
311
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.07B
| $226M | 0.05% |
5,524,300
-1,972,100
| -26% | -$80.9M |
|
312
PUT
Cisco
CSCO
$438B
| $225M | 0.05% |
4,351,300
-141,600
| -3% | -$6.96M |
|
313
PUT
3M
MMM
$92.3B
| $225M | 0.05% |
2,689,086
+330,335
| +14% | +$28.1M |
|
314
CALL
Unity
U
$20.7B
| $225M | 0.05% |
5,177,400
+2,995,600
| +137% | +$95.9M |
|
315
PUT
Vanguard S&P 500 ETF
VOO
$1.02T
| $224M | 0.05% |
549,500
-138,600
| -20% | -$53.5M |
|
316
Goldman Sachs
GS
$303B
| $221M | 0.04% |
685,143
+134,631
| +24% | +$44.3M |
|
317
UnitedHealth
UNH
$350B
| $220M | 0.04% |
457,896
-259,312
| -36% | -$127M |
|
318
PUT
Amgen
AMGN
$238B
| $218M | 0.04% |
983,100
+184,900
| +23% | +$42.9M |
|
319
CALL
Blackrock
BLK
$179B
| $218M | 0.04% |
315,200
-5,200
| -2% | -$3.48M |
|
320
CALL
Bristol-Myers Squibb
BMY
$137B
| $218M | 0.04% |
3,403,100
-924,600
| -21% | -$62M |
|
321
CALL
Altria Group
MO
$110B
| $217M | 0.04% |
4,794,200
-495,700
| -9% | -$22.5M |
|
322
CALL
Humana
HUM
$45.5B
| $217M | 0.04% |
485,400
-183,300
| -27% | -$92.3M |
|
323
PUT
Charter Communications
CHTR
$17.9B
| $215M | 0.04% |
585,300
+146,600
| +33% | +$50M |
|
324
CALL
KraneShares CSI China Internet ETF
KWEB
$5.27B
| $214M | 0.04% |
7,948,600
+25,400
| +0.3% | +$706K |
|
325
Intel
INTC
$476B
| $214M | 0.04% |
6,392,156
+1,546,725
| +32% | +$48.6M |
|
Similar funds
Jeff Yass's Q2 2023 Portfolio in Review
As of Q2 2023, Jeff Yass held 13,811 positions worth $492B, up 4.6% from $470B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass withdrew a net $23.6B in Q2 2023, closing 1,867 positions and reducing 5,559 holdings. Its most notable exit was Vanguard Intermediate-Term Corporate Bond ETF, an estimated $45.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2.3% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in State Street SPDR Portfolio Aggregate Bond ETF worth $32.9M.
- Jeff Yass's largest Q2 2023 buy was State Street SPDR Portfolio Aggregate Bond ETF: 1,297,445 shares worth $32.9M.
- Jeff Yass added most to NVIDIA in Q2 2023, an estimated $1.79B increase.
- Jeff Yass's biggest Q2 2023 reduction was Invesco QQQ Trust, cutting an estimated $2.48B.
- Jeff Yass fully exited Vanguard Intermediate-Term Corporate Bond ETF in Q2 2023, selling an estimated $45.5M.
- Jeff Yass's ten largest holdings make up 30% of its $492B portfolio in Q2 2023.
- Jeff Yass opened 1,370 new positions and closed 1,867 in Q2 2023.
- Jeff Yass's portfolio value rose 4.6% quarter-over-quarter to $492B.
Based on Susquehanna International Group's 13F filing for Q2 2023, filed 11 Aug 2023.