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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
CALL
Etsy
ETSY
$7.44B
| $186M | 0.04% |
2,290,400
+385,100
| +20% | +$27.5M |
|
427
PUT
Arista Networks
ANET
$238B
| $185M | 0.04% |
3,145,600
+623,600
| +25% | +$32.8M |
|
428
Advanced Micro Devices
AMD
$773B
| $184M | 0.04% |
1,251,042
-638,659
| -34% | -$75.3M |
|
429
Walt Disney
DIS
$186B
| $184M | 0.03% |
2,033,005
-1,581,556
| -44% | -$139M |
|
430
PUT
Accenture
ACN
$113B
| $183M | 0.03% |
521,700
+24,200
| +5% | +$7.8M |
|
431
CALL
Albemarle
ALB
$16.9B
| $183M | 0.03% |
1,264,500
+228,700
| +22% | +$31.4M |
|
432
PUT
Domino's
DPZ
$11.3B
| $183M | 0.03% |
442,900
+15,300
| +4% | +$5.74M |
|
433
Humana
HUM
$45.5B
| $181M | 0.03% |
396,247
+259,779
| +190% | +$128M |
|
434
Strategy Inc
MSTR
$47.4B
| $181M | 0.03% |
2,871,800
+1,850,110
| +181% | +$87.7M |
|
435
PUT
Analog Devices
ADI
$182B
| $181M | 0.03% |
910,400
+103,400
| +13% | +$18.5M |
|
436
PUT
Vale
VALE
$62.1B
| $180M | 0.03% |
11,333,700
-124,800
| -1% | -$1.79M |
|
437
CALL
Comcast
CMCSA
$95.3B
| $180M | 0.03% |
4,098,500
-1,953,400
| -32% | -$83.7M |
|
438
CALL
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$20.6B
| $180M | 0.03% |
5,721,400
+481,800
| +9% | +$10.6M |
|
439
CALL
Altria Group
MO
$110B
| $179M | 0.03% |
4,438,400
-337,400
| -7% | -$14M |
|
440
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $179M | 0.03% |
1,855,200
+906,300
| +96% | +$83.8M |
|
441
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $178M | 0.03% |
351,500
+42,100
| +14% | +$19.5M |
|
442
Adobe
ADBE
$109B
| $177M | 0.03% |
297,319
+47,286
| +19% | +$27.3M |
|
443
PUT
CVS Health
CVS
$119B
| $177M | 0.03% |
2,246,000
-512,000
| -19% | -$36.4M |
|
444
PUT
Phillips 66
PSX
$96.9B
| $177M | 0.03% |
1,332,000
+300,400
| +29% | +$35.9M |
|
445
CALL
RH
RH
$2.9B
| $177M | 0.03% |
608,400
-27,900
| -4% | -$7.2M |
|
446
PUT
Cheniere Energy
LNG
$57.3B
| $177M | 0.03% |
1,035,600
+299,400
| +41% | +$51.4M |
|
447
CALL
Las Vegas Sands
LVS
$30.5B
| $176M | 0.03% |
3,581,400
-139,300
| -4% | -$6.58M |
|
448
PUT
Delta Air Lines
DAL
$54.2B
| $176M | 0.03% |
4,373,000
-520,600
| -11% | -$18.9M |
|
449
Johnson & Johnson
JNJ
$651B
| $175M | 0.03% |
1,118,698
-434,341
| -28% | -$66.6M |
|
450
CALL
Wynn Resorts
WYNN
$10.3B
| $175M | 0.03% |
1,922,100
+348,100
| +22% | +$30.9M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.