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 | |
|---|---|---|---|---|---|---|
351
PUT
Blackrock
BLK
$179B
| $226M | 0.04% |
278,100
+37,800
| +16% | +$26.4M |
|
352
CALL
Valero Energy
VLO
$100B
| $223M | 0.04% |
1,715,600
-122,000
| -7% | -$15.5M |
|
353
CALL
Unity
U
$20.7B
| $220M | 0.04% |
5,387,300
+638,600
| +13% | +$19.7M |
|
|
DOCU
354
CALL
DocuSign
DOCU
$11.8B
| $220M | 0.04% |
3,700,200
+681,700
| +23% | +$31.3M |
|
355
PUT
Vanguard Morningstar Large-Cap ETF
VV
$54B
| $219M | 0.04% |
1,002,400
+999,500
| +34,466% | +$204M |
|
356
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $218M | 0.04% |
6,889,000
+1,807,800
| +36% | +$55.3M |
|
357
CALL
Petrobras
PBR
$123B
| $218M | 0.04% |
13,654,300
+1,139,600
| +9% | +$17.5M |
|
358
CALL
Strategy Inc
MSTR
$47.4B
| $218M | 0.04% |
3,452,000
-114,000
| -3% | -$5.4M |
|
359
CALL
Cytokinetics
CYTK
$10.7B
| $218M | 0.04% |
2,608,100
+2,450,200
| +1,552% | +$88.7M |
|
360
PUT
Wynn Resorts
WYNN
$10.3B
| $217M | 0.04% |
2,385,700
+446,900
| +23% | +$39.6M |
|
361
CALL
Kenvue
KVUE
$36.6B
| $216M | 0.04% |
10,034,000
+1,719,700
| +21% | +$34.4M |
|
362
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $215M | 0.04% |
529,500
+25,100
| +5% | +$9.27M |
|
363
CALL
O'Reilly Automotive
ORLY
$72.1B
| $215M | 0.04% |
3,400,500
-318,000
| -9% | -$20.1M |
|
364
PUT
American Airlines Group
AAL
$9.15B
| $215M | 0.04% |
15,660,600
+2,746,300
| +21% | +$34.5M |
|
365
CALL
Nucor
NUE
$55.3B
| $215M | 0.04% |
1,235,200
-54,300
| -4% | -$8.61M |
|
366
CALL
DraftKings
DKNG
$13B
| $215M | 0.04% |
6,097,900
+630,600
| +12% | +$21.1M |
|
367
CALL
Dollar General
DG
$27.2B
| $215M | 0.04% |
1,578,300
+299,000
| +23% | +$36.3M |
|
368
CALL
EOG Resources
EOG
$80.3B
| $214M | 0.04% |
1,771,800
-11,800
| -0.7% | -$1.47M |
|
369
CALL
Lennar Class A
LEN
$21B
| $213M | 0.04% |
1,476,570
-37,601
| -2% | -$4.53M |
|
370
CALL
W.W. Grainger
GWW
$61.8B
| $212M | 0.04% |
255,400
+127,900
| +100% | +$98.5M |
|
371
PUT
Carvana
CVNA
$76.9B
| $212M | 0.04% |
19,988,500
+4,784,000
| +31% | +$35.8M |
|
372
PUT
JD.com
JD
$39.7B
| $210M | 0.04% |
7,272,100
+1,228,300
| +20% | +$33.3M |
|
373
PUT
Rivian
RIVN
$24.6B
| $210M | 0.04% |
8,943,300
+2,548,700
| +40% | +$47.9M |
|
374
PUT
Carnival Corporation Ltd
CCL
$35.2B
| $209M | 0.04% |
11,291,800
-1,845,500
| -14% | -$26.8M |
|
|
375
PUT
Dollar General
DG
$27.2B
| $209M | 0.04% |
1,538,600
-222,100
| -13% | -$26.9M |
|
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.