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 | |
|---|---|---|---|---|---|---|
426
CALL
RH
RH
$2.9B
| $158M | 0.03% |
647,900
+31,500
| +5% | +$9.14M |
|
427
PUT
ON Semiconductor
ON
$28.9B
| $158M | 0.03% |
1,914,900
+1,076,600
| +128% | +$81.8M |
|
428
CALL
Simon Property Group
SPG
$70.6B
| $158M | 0.03% |
1,407,000
-86,300
| -6% | -$10.3M |
|
429
Salesforce
CRM
$171B
| $158M | 0.03% |
788,395
-178,337
| -18% | -$30.1M |
|
430
CALL
Align Technology
ALGN
$11.5B
| $157M | 0.03% |
471,300
+111,500
| +31% | +$32.9M |
|
|
431
CALL
ON Semiconductor
ON
$28.9B
| $157M | 0.03% |
1,910,100
+1,102,300
| +136% | +$83.7M |
|
432
PUT
Vale
VALE
$62.1B
| $157M | 0.03% |
9,944,900
-1,025,900
| -9% | -$17.4M |
|
433
PUT
Charter Communications
CHTR
$17.9B
| $157M | 0.03% |
438,700
-280,400
| -39% | -$105M |
|
434
CALL
Dow Inc
DOW
$23.4B
| $157M | 0.03% |
2,855,400
+1,257,700
| +79% | +$70.8M |
|
435
PUT
ProShares UltraPro QQQ
TQQQ
$35.8B
| $156M | 0.03% |
11,048,200
+2,699,800
| +32% | +$30.8M |
|
436
CALL
Elevance Health
ELV
$86.9B
| $156M | 0.03% |
339,500
+33,300
| +11% | +$15.8M |
|
437
PayPal
PYPL
$52.7B
| $155M | 0.03% |
2,045,332
+857,553
| +72% | +$66M |
|
438
CALL
Lennar Class A
LEN
$21B
| $155M | 0.03% |
1,524,605
-373,842
| -20% | -$36.1M |
|
439
PUT
Etsy
ETSY
$7.44B
| $154M | 0.03% |
1,387,700
-755,000
| -35% | -$93.6M |
|
440
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $154M | 0.03% |
336,800
+36,600
| +12% | +$17.1M |
|
441
CALL
Delta Air Lines
DAL
$54.2B
| $154M | 0.03% |
4,418,100
-1,179,600
| -21% | -$43.8M |
|
442
CALL
SLB Ltd
SLB
$79.9B
| $154M | 0.03% |
3,136,100
-1,129,400
| -26% | -$60M |
|
443
PUT
Cigna
CI
$73.3B
| $154M | 0.03% |
602,200
-47,700
| -7% | -$13.9M |
|
444
CALL
Illumina
ILMN
$33.1B
| $154M | 0.03% |
679,714
+112,566
| +20% | +$23M |
|
445
Eli Lilly
LLY
$1.12T
| $153M | 0.03% |
444,772
+150,633
| +51% | +$50.8M |
|
446
PUT
GE Aerospace
GE
$361B
| $152M | 0.03% |
1,998,660
-2,919,505
| -59% | -$195M |
|
447
Boeing
BA
$169B
| $152M | 0.03% |
717,723
-122,869
| -15% | -$25.5M |
|
448
Coca-Cola
KO
$392B
| $152M | 0.03% |
2,455,266
+228,567
| +10% | +$13.8M |
|
449
AT&T
T
$173B
| $152M | 0.03% |
7,895,769
-1,518,611
| -16% | -$29M |
|
450
CALL
Rio Tinto
RIO
$171B
| $151M | 0.03% |
2,199,100
-792,000
| -26% | -$57.5M |
|
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.