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 | |
|---|---|---|---|---|---|---|
326
PUT
General Motors
GM
$77.2B
| $246M | 0.05% |
6,859,200
-347,000
| -5% | -$10.7M |
|
327
CALL
ARK Innovation ETF
ARKK
$6.72B
| $246M | 0.05% |
4,702,800
+1,529,500
| +48% | +$66.2M |
|
328
PUT
United Airlines
UAL
$36.7B
| $246M | 0.05% |
5,951,200
+2,216,000
| +59% | +$87.1M |
|
329
ExxonMobil
XOM
$679B
| $243M | 0.05% |
2,433,006
+92,667
| +4% | +$9.74M |
|
330
CALL
iShares Semiconductor ETF
SOXX
$41.3B
| $243M | 0.05% |
1,263,900
+359,700
| +40% | +$60.4M |
|
331
PUT
Northrop Grumman
NOC
$78.3B
| $243M | 0.05% |
518,100
+132,100
| +34% | +$61.9M |
|
332
CALL
United States Oil Fund
USO
$2.24B
| $242M | 0.05% |
3,631,000
-1,177,500
| -24% | -$85.4M |
|
333
CALL
Estee Lauder
EL
$36.9B
| $241M | 0.05% |
1,649,100
+921,600
| +127% | +$122M |
|
334
CALL
SolarEdge
SEDG
$1.9B
| $241M | 0.05% |
2,575,300
+747,500
| +41% | +$68M |
|
335
PUT
Baidu
BIDU
$31.6B
| $241M | 0.05% |
2,022,500
+759,900
| +60% | +$87.8M |
|
336
PUT
Zoom
ZM
$31.5B
| $241M | 0.05% |
3,347,600
-2,842,700
| -46% | -$188M |
|
337
DoorDash
DASH
$96.8B
| $239M | 0.05% |
2,415,906
-1,845,492
| -43% | -$163M |
|
338
CALL
Wayfair
W
$13.9B
| $239M | 0.05% |
3,867,200
+1,429,100
| +59% | +$74.7M |
|
339
CALL
American Tower
AMT
$81.9B
| $238M | 0.05% |
1,100,400
-261,700
| -19% | -$49.5M |
|
340
CALL
Intuitive Surgical
ISRG
$134B
| $236M | 0.04% |
698,900
+62,600
| +10% | +$18.7M |
|
341
CALL
Roblox
RBLX
$27.4B
| $234M | 0.04% |
5,116,800
+1,585,400
| +45% | +$58.6M |
|
|
342
CALL
Zoom
ZM
$31.5B
| $230M | 0.04% |
3,199,100
-125,100
| -4% | -$8.27M |
|
343
PUT
PepsiCo
PEP
$196B
| $230M | 0.04% |
1,353,100
-351,100
| -21% | -$58.2M |
|
344
PUT
Moderna
MRNA
$57.9B
| $229M | 0.04% |
2,299,000
-187,400
| -8% | -$15.8M |
|
345
CALL
ProShares UltraShort Bloomberg Natural Gas
KOLD
$121M
| $228M | 0.04% |
4,723,200
+309,600
| +7% | +$10.8M |
|
346
PUT
Dick's Sporting Goods
DKS
$16.4B
| $227M | 0.04% |
1,546,500
+507,400
| +49% | +$61.7M |
|
347
CALL
Domino's
DPZ
$11.3B
| $227M | 0.04% |
551,000
+52,300
| +10% | +$19.6M |
|
348
PUT
Bristol-Myers Squibb
BMY
$137B
| $226M | 0.04% |
4,412,200
+1,642,100
| +59% | +$86.2M |
|
349
CALL
Eaton
ETN
$163B
| $226M | 0.04% |
939,200
-226,300
| -19% | -$50M |
|
350
CALL
Spotify
SPOT
$110B
| $226M | 0.04% |
1,203,600
+129,500
| +12% | +$22.6M |
|
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.