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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PXD
376
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $184M | 0.04% |
903,300
-31,500
| -3% | -$6.77M |
|
377
PUT
Delta Air Lines
DAL
$54.2B
| $184M | 0.04% |
5,279,600
+753,500
| +17% | +$28M |
|
378
PUT
Valero Energy
VLO
$100B
| $184M | 0.04% |
1,320,400
-262,700
| -17% | -$35.3M |
|
379
PUT
Freeport-McMoran
FCX
$110B
| $184M | 0.04% |
4,496,100
-2,762,600
| -38% | -$115M |
|
380
PUT
Marriott International
MAR
$92.9B
| $183M | 0.04% |
1,101,600
+440,800
| +67% | +$73.4M |
|
381
CALL
Gilead Sciences
GILD
$181B
| $183M | 0.04% |
2,203,400
-961,000
| -30% | -$79.6M |
|
382
CALL
Danaher
DHR
$154B
| $182M | 0.04% |
812,724
-123,516
| -13% | -$28.1M |
|
383
CALL
Workday
WDAY
$49.4B
| $181M | 0.04% |
878,100
-1,210,000
| -58% | -$220M |
|
384
PUT
Roku
ROKU
$23.4B
| $181M | 0.04% |
2,753,100
-628,500
| -19% | -$36.8M |
|
385
Goldman Sachs
GS
$303B
| $180M | 0.04% |
550,512
+291,046
| +112% | +$101M |
|
386
Comcast
CMCSA
$95.3B
| $178M | 0.04% |
4,707,892
+1,647,945
| +54% | +$62.3M |
|
387
Alibaba
BABA
$286B
| $178M | 0.04% |
1,742,226
-744,804
| -30% | -$74.6M |
|
|
AYX
388
DELISTED
Alteryx Inc
AYX
| $178M | 0.04% |
3,018,996
+182,563
| +6% | +$10.6M |
|
389
CALL
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$20B
| $178M | 0.04% |
9,706,100
+3,449,300
| +55% | +$51.3M |
|
390
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $178M | 0.04% |
5,523,394
-1,438,159
| -21% | -$50M |
|
391
PUT
DoorDash
DASH
$96.8B
| $177M | 0.04% |
2,792,200
-916,800
| -25% | -$52.6M |
|
392
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $177M | 0.04% |
2,375,400
+861,100
| +57% | +$63M |
|
393
PUT
AMC Entertainment Holdings
AMC
$2.28B
| $177M | 0.04% |
3,542,190
+1,813,320
| +105% | +$96M |
|
394
PUT
Trade Desk
TTD
$6.19B
| $177M | 0.04% |
2,907,800
+387,700
| +15% | +$20.6M |
|
395
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $177M | 0.04% |
2,080,500
-401,800
| -16% | -$35.1M |
|
396
PUT
Bristol-Myers Squibb
BMY
$137B
| $176M | 0.04% |
2,541,100
-694,900
| -21% | -$49M |
|
397
Mastercard
MA
$509B
| $176M | 0.04% |
484,517
+119,924
| +33% | +$43.6M |
|
|
398
PUT
Workday
WDAY
$49.4B
| $176M | 0.04% |
851,900
-218,700
| -20% | -$39.8M |
|
399
PUT
CarMax
KMX
$8.82B
| $175M | 0.04% |
2,722,800
+2,237,700
| +461% | +$150M |
|
400
Nike
NKE
$60.5B
| $175M | 0.04% |
1,423,148
+736,033
| +107% | +$90.5M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.