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 | |
|---|---|---|---|---|---|---|
351
CALL
Dollar Tree
DLTR
$26.3B
| $194M | 0.04% |
1,353,100
-200,500
| -13% | -$29.5M |
|
352
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $194M | 0.04% |
5,914,600
-656,800
| -10% | -$22.1M |
|
353
CALL
Charter Communications
CHTR
$17.9B
| $193M | 0.04% |
526,300
-20,000
| -4% | -$6.82M |
|
354
PUT
CVS Health
CVS
$120B
| $193M | 0.04% |
2,794,200
+643,100
| +30% | +$45.8M |
|
355
CALL
EOG Resources
EOG
$78.8B
| $192M | 0.04% |
1,679,600
+4,200
| +0.3% | +$480K |
|
356
PUT
Freeport-McMoran
FCX
$112B
| $192M | 0.04% |
4,797,600
+301,500
| +7% | +$11.5M |
|
|
VMW
357
PUT
DELISTED
VMware, Inc
VMW
| $191M | 0.04% |
1,331,300
+554,400
| +71% | +$71.9M |
|
|
358
CALL
Freeport-McMoran
FCX
$112B
| $191M | 0.04% |
4,781,300
-107,500
| -2% | -$4.1M |
|
359
Eli Lilly
LLY
$1.11T
| $191M | 0.04% |
406,780
-37,992
| -9% | -$15.9M |
|
360
PUT
Valero Energy
VLO
$99.6B
| $191M | 0.04% |
1,625,300
+304,900
| +23% | +$35.4M |
|
361
CALL
American Airlines Group
AAL
$9.02B
| $190M | 0.04% |
10,583,500
+1,638,500
| +18% | +$24M |
|
362
CALL
BP
BP
$113B
| $189M | 0.04% |
5,352,700
-2,246,200
| -30% | -$83.1M |
|
363
PUT
Ford
F
$55.5B
| $188M | 0.04% |
12,446,000
-5,670,700
| -31% | -$71.7M |
|
364
PUT
RH
RH
$2.71B
| $188M | 0.04% |
570,300
-104,100
| -15% | -$27.2M |
|
365
CALL
Zoom
ZM
$30.7B
| $188M | 0.04% |
2,766,100
-772,000
| -22% | -$51.6M |
|
366
PUT
ProShares Ultra Bloomberg Natural Gas
BOIL
$407M
| $188M | 0.04% |
272,010
+250,623
| +1,172% | +$157M |
|
367
PUT
KLA
KLAC
$237B
| $187M | 0.04% |
3,865,000
-314,000
| -8% | -$13.1M |
|
368
Netflix
NFLX
$333B
| $185M | 0.04% |
4,191,020
+577,490
| +16% | +$21.3M |
|
369
Las Vegas Sands
LVS
$30.4B
| $184M | 0.04% |
3,180,623
-246,792
| -7% | -$14.6M |
|
370
CALL
Trade Desk
TTD
$6.24B
| $184M | 0.04% |
2,382,200
-708,000
| -23% | -$47.9M |
|
371
PUT
GE Aerospace
GE
$355B
| $184M | 0.04% |
2,097,773
+99,113
| +5% | +$8.03M |
|
372
PUT
United Rentals
URI
$67.4B
| $183M | 0.04% |
410,900
-26,500
| -6% | -$9.82M |
|
373
CALL
Rio Tinto
RIO
$170B
| $183M | 0.04% |
2,863,400
+664,300
| +30% | +$42.7M |
|
374
PUT
iShares China Large-Cap ETF
FXI
$4.24B
| $183M | 0.04% |
6,720,800
-2,831,400
| -30% | -$79.4M |
|
375
CALL
Roblox
RBLX
$27.7B
| $182M | 0.04% |
4,525,700
-317,100
| -7% | -$12.7M |
|
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.