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 | |
|---|---|---|---|---|---|---|
401
PUT
Dollar General
DG
$27.4B
| $169M | 0.03% |
994,600
+623,500
| +168% | +$123M |
|
402
CALL
Rivian
RIVN
$24.7B
| $167M | 0.03% |
10,007,600
+4,973,700
| +99% | +$69.5M |
|
403
PUT
Intuitive Surgical
ISRG
$133B
| $166M | 0.03% |
486,500
-45,300
| -9% | -$13.7M |
|
404
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $166M | 0.03% |
346,600
+84,700
| +32% | +$38.6M |
|
405
AT&T
T
$175B
| $165M | 0.03% |
10,371,199
+2,475,430
| +31% | +$42.2M |
|
406
CALL
iShares China Large-Cap ETF
FXI
$4.24B
| $165M | 0.03% |
6,073,300
-3,834,900
| -39% | -$108M |
|
407
Merck
MRK
$368B
| $165M | 0.03% |
1,430,332
-726,296
| -34% | -$82.5M |
|
408
CALL
JD.com
JD
$39.6B
| $164M | 0.03% |
4,803,500
-352,400
| -7% | -$12.8M |
|
409
PUT
Palantir
PLTR
$423B
| $164M | 0.03% |
10,691,800
+4,079,700
| +62% | +$46.4M |
|
410
Morgan Stanley
MS
$338B
| $163M | 0.03% |
1,910,426
+626,920
| +49% | +$53.6M |
|
411
CALL
Generac Holdings
GNRC
$11.9B
| $163M | 0.03% |
1,090,500
+13,600
| +1% | +$1.55M |
|
412
Pfizer
PFE
$159B
| $163M | 0.03% |
4,430,417
-4,217,985
| -49% | -$164M |
|
413
CALL
Philip Morris
PM
$299B
| $162M | 0.03% |
1,664,300
+716,200
| +76% | +$68.4M |
|
414
CALL
iShares US Real Estate ETF
IYR
$4.64B
| $162M | 0.03% |
1,872,500
-605,000
| -24% | -$50.8M |
|
415
PUT
Blackrock
BLK
$181B
| $161M | 0.03% |
233,600
-129,700
| -36% | -$86.9M |
|
416
CALL
GE Aerospace
GE
$357B
| $161M | 0.03% |
1,835,645
-981,350
| -35% | -$79.5M |
|
417
Micron Technology
MU
$1.02T
| $160M | 0.03% |
2,541,358
+1,259,951
| +98% | +$81M |
|
418
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22B
| $159M | 0.03% |
4,867,200
+1,426,600
| +41% | +$48M |
|
|
PXD
419
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $159M | 0.03% |
766,300
-1,632,700
| -68% | -$344M |
|
420
CALL
Pinterest
PINS
$13.3B
| $159M | 0.03% |
5,801,600
-235,300
| -4% | -$5.86M |
|
|
VMW
421
DELISTED
VMware, Inc
VMW
| $158M | 0.03% |
1,097,822
-802,510
| -42% | -$104M |
|
422
PUT
Roku
ROKU
$23.5B
| $157M | 0.03% |
2,459,900
-293,200
| -11% | -$17.8M |
|
423
CALL
Spotify
SPOT
$110B
| $157M | 0.03% |
979,200
-252,200
| -20% | -$36.5M |
|
424
CALL
Zscaler
ZS
$28.7B
| $157M | 0.03% |
1,074,300
+556,500
| +107% | +$68M |
|
425
Salesforce
CRM
$173B
| $157M | 0.03% |
743,169
-45,226
| -6% | -$9.23M |
|
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.