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
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Wells Fargo
WFC
$254B
| $182M | 0.04% |
4,463,572
+822,287
| +23% | +$35.5M |
|
377
CALL
Newmont
NEM
$139B
| $182M | 0.04% |
4,914,600
-8,200
| -0.2% | -$333K |
|
378
PUT
Delta Air Lines
DAL
$54.2B
| $181M | 0.04% |
4,893,600
+132,300
| +3% | +$5.74M |
|
379
PUT
Carnival Corporation Ltd
CCL
$35.2B
| $180M | 0.04% |
13,137,300
-1,950,400
| -13% | -$32.3M |
|
380
PUT
DoorDash
DASH
$96.8B
| $180M | 0.04% |
2,264,100
-400,900
| -15% | -$32.6M |
|
381
CALL
ProShares Ultra Bloomberg Natural Gas
BOIL
$365M
| $180M | 0.04% |
330,590
-155,460
| -32% | -$94.5M |
|
382
CALL
Datadog
DDOG
$84.6B
| $180M | 0.04% |
1,971,600
+449,900
| +30% | +$44.5M |
|
383
CALL
TJX Companies
TJX
$155B
| $179M | 0.04% |
2,017,800
+335,800
| +20% | +$29.6M |
|
384
PUT
Marvell Technology
MRVL
$213B
| $179M | 0.04% |
3,310,300
-38,800
| -1% | -$2.29M |
|
385
PUT
Wynn Resorts
WYNN
$10.3B
| $179M | 0.04% |
1,938,800
-471,300
| -20% | -$47.3M |
|
386
CALL
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $178M | 0.04% |
836,900
-250,500
| -23% | -$55.4M |
|
387
PayPal
PYPL
$52.7B
| $177M | 0.04% |
3,031,170
-1,947,521
| -39% | -$127M |
|
388
CALL
Zscaler
ZS
$29.4B
| $177M | 0.04% |
1,138,900
+64,600
| +6% | +$9.69M |
|
|
389
CALL
Carnival Corporation Ltd
CCL
$35.2B
| $177M | 0.04% |
12,898,800
-4,794,900
| -27% | -$79.5M |
|
390
CALL
Albemarle
ALB
$16.9B
| $176M | 0.04% |
1,035,800
+254,700
| +33% | +$50.7M |
|
391
PUT
JD.com
JD
$39.7B
| $176M | 0.04% |
6,043,800
+1,025,400
| +20% | +$35.7M |
|
392
PUT
Cigna
CI
$73.3B
| $176M | 0.04% |
614,200
+67,100
| +12% | +$19.1M |
|
393
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $175M | 0.04% |
504,400
+197,100
| +64% | +$68.9M |
|
394
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $173M | 0.04% |
502,000
+170,300
| +51% | +$57.6M |
|
395
PUT
SolarEdge
SEDG
$1.9B
| $173M | 0.04% |
1,335,200
+478,100
| +56% | +$91.7M |
|
|
396
CALL
Cigna
CI
$73.3B
| $173M | 0.04% |
603,800
+74,400
| +14% | +$21.2M |
|
397
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $173M | 0.04% |
2,363,400
-956,300
| -29% | -$76.4M |
|
|
398
CALL
Delta Air Lines
DAL
$54.2B
| $172M | 0.04% |
4,660,500
-359,700
| -7% | -$15.6M |
|
399
CALL
Gilead Sciences
GILD
$181B
| $172M | 0.04% |
2,297,800
+297,100
| +15% | +$22.9M |
|
400
PUT
O'Reilly Automotive
ORLY
$72.1B
| $171M | 0.04% |
2,826,000
+828,000
| +41% | +$51.9M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.