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 | |
|---|---|---|---|---|---|---|
426
CALL
Pultegroup
PHM
$24.7B
| $156M | 0.03% |
2,013,000
+1,528,800
| +316% | +$104M |
|
|
B
427
Barrick Mining
B
$79.3B
| $156M | 0.03% |
9,205,236
+3,190,117
| +53% | +$58.1M |
|
428
CALL
Celsius Holdings
CELH
$8.86B
| $156M | 0.03% |
3,131,400
+1,494,600
| +91% | +$59.4M |
|
429
Wells Fargo
WFC
$256B
| $155M | 0.03% |
3,641,285
+837,322
| +30% | +$33.7M |
|
430
Oracle
ORCL
$410B
| $155M | 0.03% |
1,303,403
+239,055
| +22% | +$24.7M |
|
431
CALL
Gilead Sciences
GILD
$182B
| $154M | 0.03% |
2,000,700
-202,700
| -9% | -$16.2M |
|
432
PUT
ConocoPhillips
COP
$160B
| $154M | 0.03% |
1,488,200
-668,100
| -31% | -$68.6M |
|
433
PUT
Cigna
CI
$74.1B
| $154M | 0.03% |
547,100
-55,100
| -9% | -$14.3M |
|
434
CALL
Eaton
ETN
$159B
| $153M | 0.03% |
763,100
-53,500
| -7% | -$9.41M |
|
435
CALL
KLA
KLAC
$237B
| $153M | 0.03% |
3,148,000
-574,000
| -15% | -$24M |
|
436
PUT
Newmont
NEM
$139B
| $152M | 0.03% |
3,571,100
+2,034,700
| +132% | +$92.4M |
|
437
CALL
Roku
ROKU
$23.5B
| $152M | 0.03% |
2,381,400
-428,500
| -15% | -$26M |
|
438
CALL
Medtronic
MDT
$119B
| $152M | 0.03% |
1,726,100
-413,900
| -19% | -$35.6M |
|
439
PUT
Li Auto
LI
$12.2B
| $151M | 0.03% |
4,313,900
+1,153,900
| +37% | +$32.5M |
|
440
CALL
Elevance Health
ELV
$87.3B
| $151M | 0.03% |
340,800
+1,300
| +0.4% | +$600K |
|
441
CALL
Lennar Class A
LEN
$21.2B
| $151M | 0.03% |
1,243,525
-281,080
| -18% | -$30.7M |
|
442
CALL
Domino's
DPZ
$11.5B
| $151M | 0.03% |
447,400
+10,400
| +2% | +$3.28M |
|
443
CALL
Cloudflare
NET
$99.8B
| $150M | 0.03% |
2,301,900
+693,100
| +43% | +$41.4M |
|
444
Nike
NKE
$60.5B
| $150M | 0.03% |
1,361,286
-61,862
| -4% | -$7.23M |
|
445
CALL
Datadog
DDOG
$81.1B
| $150M | 0.03% |
1,521,700
+27,000
| +2% | +$2.26M |
|
446
State Street Energy Select Sector SPDR ETF
XLE
$41.5B
| $149M | 0.03% |
3,661,752
+583,868
| +19% | +$23.8M |
|
|
447
CALL
Cigna
CI
$74.1B
| $149M | 0.03% |
529,400
+14,800
| +3% | +$3.85M |
|
448
CALL
Twilio
TWLO
$34.2B
| $148M | 0.03% |
2,329,400
+98,600
| +4% | +$5.82M |
|
449
CALL
General Mills
GIS
$21.9B
| $147M | 0.03% |
1,917,300
+985,500
| +106% | +$84.2M |
|
|
SGEN
450
PUT
DELISTED
Seagen Inc. Common Stock
SGEN
| $147M | 0.03% |
761,400
+414,000
| +119% | +$82.2M |
|
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.