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 | |
|---|---|---|---|---|---|---|
376
Humana
HUM
$45.5B
| $182M | 0.04% |
406,689
+261,775
| +181% | +$132M |
|
377
CALL
RH
RH
$2.9B
| $182M | 0.04% |
550,800
-97,100
| -15% | -$25.4M |
|
378
CALL
Valero Energy
VLO
$100B
| $181M | 0.04% |
1,544,500
-154,600
| -9% | -$18M |
|
379
CALL
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$20B
| $181M | 0.04% |
7,272,200
-2,433,900
| -25% | -$44.9M |
|
380
PUT
United Parcel Service
UPS
$86.8B
| $179M | 0.04% |
1,000,400
-386,900
| -28% | -$68.7M |
|
381
CALL
Analog Devices
ADI
$182B
| $179M | 0.04% |
919,300
-229,200
| -20% | -$42.4M |
|
382
PUT
Accenture
ACN
$113B
| $178M | 0.04% |
576,900
+214,300
| +59% | +$62.3M |
|
383
CALL
BILL Holdings
BILL
$4.76B
| $176M | 0.04% |
1,503,800
+913,500
| +155% | +$86.8M |
|
384
PUT
Arista Networks
ANET
$238B
| $175M | 0.04% |
4,330,400
+2,208,400
| +104% | +$85.4M |
|
385
PUT
Trade Desk
TTD
$6.19B
| $175M | 0.04% |
2,265,900
-641,900
| -22% | -$43.4M |
|
386
CALL
Albemarle
ALB
$16.9B
| $174M | 0.04% |
781,100
+34,300
| +5% | +$7.01M |
|
387
PUT
Las Vegas Sands
LVS
$30.5B
| $174M | 0.04% |
2,996,800
-1,193,900
| -28% | -$70.6M |
|
388
CALL
3M
MMM
$92.3B
| $174M | 0.04% |
2,073,744
+142,443
| +7% | +$12.1M |
|
389
PUT
Datadog
DDOG
$84.6B
| $173M | 0.04% |
1,762,100
+636,300
| +57% | +$53.2M |
|
390
CALL
Vale
VALE
$62.1B
| $173M | 0.04% |
12,892,600
-3,399,100
| -21% | -$48.1M |
|
391
PUT
Atlassian
TEAM
$43.5B
| $173M | 0.04% |
1,030,900
-289,700
| -22% | -$46.4M |
|
392
Starbucks
SBUX
$122B
| $173M | 0.04% |
1,743,609
+773,838
| +80% | +$80.3M |
|
|
SGEN
393
CALL
DELISTED
Seagen Inc. Common Stock
SGEN
| $173M | 0.04% |
896,400
+459,100
| +105% | +$91.2M |
|
394
PUT
AstraZeneca
AZN
$257B
| $172M | 0.04% |
1,203,100
+590,600
| +96% | +$86.9M |
|
395
CALL
Wayfair
W
$13.9B
| $172M | 0.03% |
2,639,800
+400,000
| +18% | +$16.8M |
|
396
PUT
JD.com
JD
$39.7B
| $171M | 0.03% |
5,018,400
+125,000
| +3% | +$4.55M |
|
397
CALL
Energy Transfer Partners
ET
$73B
| $171M | 0.03% |
13,473,000
-1,885,400
| -12% | -$23.9M |
|
398
Costco
COST
$420B
| $171M | 0.03% |
317,254
-74,010
| -19% | -$37.4M |
|
399
PUT
Zscaler
ZS
$29.4B
| $170M | 0.03% |
1,160,500
+297,700
| +35% | +$36.4M |
|
400
PUT
AMC Entertainment Holdings
AMC
$2.28B
| $169M | 0.03% |
3,843,940
+301,750
| +9% | +$14.9M |
|
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.