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 | |
|---|---|---|---|---|---|---|
326
CALL
Honeywell
HON
$68.4B
| $214M | 0.04% |
1,092,724
-56,127
| -5% | -$10.4M |
|
327
Johnson & Johnson
JNJ
$651B
| $214M | 0.04% |
1,290,130
-627,550
| -33% | -$101M |
|
328
CALL
Newmont
NEM
$139B
| $210M | 0.04% |
4,922,800
-2,221,100
| -31% | -$101M |
|
329
Adobe
ADBE
$109B
| $210M | 0.04% |
429,345
+155,534
| +57% | +$62.7M |
|
330
CALL
NextEra Energy
NEE
$174B
| $210M | 0.04% |
2,828,000
-202,600
| -7% | -$15.3M |
|
331
CALL
Diamondback Energy
FANG
$59B
| $210M | 0.04% |
1,597,300
+326,200
| +26% | +$43.7M |
|
332
PUT
Abbott
ABT
$202B
| $206M | 0.04% |
1,885,000
+850,500
| +82% | +$90.7M |
|
333
CALL
United Rentals
URI
$68.4B
| $205M | 0.04% |
461,400
-68,500
| -13% | -$25.4M |
|
334
CALL
Biogen
BIIB
$32B
| $205M | 0.04% |
720,700
-170,900
| -19% | -$50.9M |
|
335
CALL
SolarEdge
SEDG
$1.9B
| $204M | 0.04% |
759,100
-37,100
| -5% | -$10.6M |
|
336
CALL
Arista Networks
ANET
$238B
| $204M | 0.04% |
5,035,600
+1,926,400
| +62% | +$74.5M |
|
337
PUT
DoorDash
DASH
$96.8B
| $204M | 0.04% |
2,665,000
-127,200
| -5% | -$8.44M |
|
338
PUT
Baidu
BIDU
$31.6B
| $201M | 0.04% |
1,465,800
-16,900
| -1% | -$2.21M |
|
339
PUT
Marvell Technology
MRVL
$213B
| $200M | 0.04% |
3,349,100
+1,162,300
| +53% | +$56.5M |
|
340
PepsiCo
PEP
$196B
| $200M | 0.04% |
1,080,238
-199,066
| -16% | -$37.1M |
|
341
PUT
ARK Innovation ETF
ARKK
$6.59B
| $199M | 0.04% |
4,516,600
-465,200
| -9% | -$18.5M |
|
342
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.4B
| $199M | 0.04% |
1,501,800
-562,600
| -27% | -$74.2M |
|
|
DOCU
343
PUT
DocuSign
DOCU
$11.8B
| $198M | 0.04% |
3,882,400
+168,400
| +5% | +$8.92M |
|
344
CALL
United Airlines
UAL
$36.7B
| $198M | 0.04% |
3,614,400
+552,400
| +18% | +$26.1M |
|
345
Verizon
VZ
$205B
| $197M | 0.04% |
5,309,056
-1,058,280
| -17% | -$39.2M |
|
|
346
CALL
ARK Innovation ETF
ARKK
$6.59B
| $197M | 0.04% |
4,472,000
-905,700
| -17% | -$36M |
|
347
Home Depot
HD
$335B
| $196M | 0.04% |
631,943
-216,733
| -26% | -$64M |
|
348
CALL
Comcast
CMCSA
$95.3B
| $196M | 0.04% |
4,722,800
-4,231,400
| -47% | -$168M |
|
349
PUT
Domino's
DPZ
$11.3B
| $196M | 0.04% |
581,000
-123,200
| -17% | -$38.9M |
|
350
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$290M
| $194M | 0.04% |
420,572
+396,988
| +1,683% | +$319M |
|
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.