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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
PUT
American Express
AXP
$227B
| $276M | 0.05% |
1,474,600
-632,100
| -30% | -$102M |
|
302
CALL
Zscaler
ZS
$29.4B
| $276M | 0.05% |
1,246,700
+107,800
| +9% | +$20M |
|
303
UnitedHealth
UNH
$350B
| $275M | 0.05% |
521,674
+30,742
| +6% | +$16.4M |
|
304
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $272M | 0.05% |
2,823,600
+1,041,900
| +58% | +$96.4M |
|
305
PUT
Intuitive Surgical
ISRG
$134B
| $271M | 0.05% |
802,500
+261,500
| +48% | +$78M |
|
306
CALL
Delta Air Lines
DAL
$54.2B
| $269M | 0.05% |
6,697,900
+2,037,400
| +44% | +$73.9M |
|
307
PUT
Palantir
PLTR
$432B
| $269M | 0.05% |
15,655,000
+6,151,800
| +65% | +$110M |
|
308
PUT
Spotify
SPOT
$110B
| $268M | 0.05% |
1,428,500
+227,400
| +19% | +$39.7M |
|
309
CALL
Bristol-Myers Squibb
BMY
$137B
| $264M | 0.05% |
5,138,100
-532,200
| -9% | -$27.9M |
|
310
CALL
Marathon Petroleum
MPC
$101B
| $262M | 0.05% |
1,768,200
-365,100
| -17% | -$54.2M |
|
311
PUT
GE Aerospace
GE
$361B
| $262M | 0.05% |
2,570,404
+280,922
| +12% | +$26M |
|
312
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $260M | 0.05% |
3,613,400
+2,257,000
| +166% | +$156M |
|
313
iShares MSCI EAFE ETF
EFA
$80B
| $260M | 0.05% |
3,446,744
+1,441,851
| +72% | +$102M |
|
314
CALL
Workday
WDAY
$49.4B
| $260M | 0.05% |
940,200
+36,400
| +4% | +$8.67M |
|
315
PUT
Roku
ROKU
$23.4B
| $259M | 0.05% |
2,830,700
+642,100
| +29% | +$53.7M |
|
316
AT&T
T
$173B
| $259M | 0.05% |
15,444,361
-2,520,246
| -14% | -$39.8M |
|
317
CALL
Affirm
AFRM
$25.8B
| $259M | 0.05% |
5,270,200
+496,000
| +10% | +$14.3M |
|
318
PUT
Marathon Digital Holdings
MARA
$4.35B
| $259M | 0.05% |
11,018,600
+5,775,900
| +110% | +$72.9M |
|
319
CALL
Cigna
CI
$73.3B
| $257M | 0.05% |
857,900
+254,100
| +42% | +$74.3M |
|
320
CALL
Honeywell
HON
$68.4B
| $257M | 0.05% |
1,299,407
-282,756
| -18% | -$51M |
|
321
PUT
Datadog
DDOG
$84.6B
| $254M | 0.05% |
2,091,500
-110,000
| -5% | -$11.3M |
|
322
CALL
PepsiCo
PEP
$196B
| $252M | 0.05% |
1,486,000
-174,600
| -11% | -$29M |
|
323
CALL
Baidu
BIDU
$31.6B
| $252M | 0.05% |
2,119,000
+579,000
| +38% | +$66.9M |
|
324
CALL
Agnico Eagle Mines
AEM
$109B
| $249M | 0.05% |
4,536,000
+100,500
| +2% | +$5.02M |
|
|
325
PUT
Cigna
CI
$73.3B
| $248M | 0.05% |
828,000
+213,800
| +35% | +$62.5M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.