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 | |
|---|---|---|---|---|---|---|
401
CALL
Las Vegas Sands
LVS
$30.5B
| $171M | 0.04% |
3,720,700
-699,700
| -16% | -$37.8M |
|
|
ATVI
402
DELISTED
Activision Blizzard
ATVI
| $171M | 0.04% |
1,821,420
+246,441
| +16% | +$22.5M |
|
403
CALL
Phillips 66
PSX
$96.9B
| $170M | 0.04% |
1,417,400
+125,400
| +10% | +$14.1M |
|
404
PUT
Northrop Grumman
NOC
$78.3B
| $170M | 0.04% |
386,000
-217,000
| -36% | -$95.3M |
|
405
PUT
Baidu
BIDU
$31.6B
| $170M | 0.04% |
1,262,600
-203,200
| -14% | -$28.5M |
|
406
PUT
Danaher
DHR
$154B
| $169M | 0.04% |
767,830
+102,874
| +15% | +$22.9M |
|
407
CALL
RH
RH
$2.9B
| $168M | 0.04% |
636,300
+85,500
| +16% | +$29.7M |
|
408
CALL
JD.com
JD
$39.7B
| $168M | 0.03% |
5,764,300
+960,800
| +20% | +$33.5M |
|
409
CALL
American Express
AXP
$227B
| $167M | 0.03% |
1,119,500
-414,300
| -27% | -$67.8M |
|
|
410
CALL
Kenvue
KVUE
$36.6B
| $167M | 0.03% |
8,314,300
+8,276,600
| +21,954% | +$192M |
|
411
CALL
Spotify
SPOT
$110B
| $166M | 0.03% |
1,074,100
+94,900
| +10% | +$14.5M |
|
412
CALL
Arista Networks
ANET
$238B
| $166M | 0.03% |
3,612,000
-1,423,600
| -28% | -$63.4M |
|
413
CALL
Apollo Global Management
APO
$78.4B
| $166M | 0.03% |
1,849,200
+605,300
| +49% | +$50.9M |
|
414
PUT
American Airlines Group
AAL
$9.15B
| $165M | 0.03% |
12,914,300
+280,600
| +2% | +$4.36M |
|
415
CALL
Lennar Class A
LEN
$21B
| $165M | 0.03% |
1,514,171
+270,646
| +22% | +$31.7M |
|
416
PUT
Freeport-McMoran
FCX
$110B
| $163M | 0.03% |
4,381,300
-416,300
| -9% | -$16.8M |
|
417
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
| $163M | 0.03% |
1,978,600
+1,155,700
| +140% | +$98.6M |
|
418
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $163M | 0.03% |
1,781,700
+1,463,300
| +460% | +$138M |
|
419
CALL
Biogen
BIIB
$32B
| $163M | 0.03% |
633,900
-86,800
| -12% | -$23.2M |
|
420
CALL
Suncor Energy
SU
$80B
| $163M | 0.03% |
4,736,000
+1,784,100
| +60% | +$57.2M |
|
421
Intel
INTC
$476B
| $162M | 0.03% |
4,564,007
-1,828,149
| -29% | -$63.7M |
|
422
PUT
Domino's
DPZ
$11.3B
| $162M | 0.03% |
427,600
-153,400
| -26% | -$59M |
|
423
CALL
iShares Core S&P 500 ETF
IVV
$893B
| $162M | 0.03% |
376,800
-237,500
| -39% | -$106M |
|
424
CALL
3M
MMM
$92.3B
| $162M | 0.03% |
2,065,014
-8,730
| -0.4% | -$750K |
|
425
CALL
Dell
DELL
$286B
| $161M | 0.03% |
2,336,500
+570,600
| +32% | +$34M |
|
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.