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 | |
|---|---|---|---|---|---|---|
451
PUT
Union Pacific
UNP
$184B
| $145M | 0.03% |
710,400
-961,900
| -58% | -$191M |
|
452
CALL
Workday
WDAY
$49.2B
| $144M | 0.03% |
635,800
-242,300
| -28% | -$48.5M |
|
453
CALL
Dow Inc
DOW
$22.7B
| $143M | 0.03% |
2,682,500
-172,900
| -6% | -$9.19M |
|
454
CALL
TJX Companies
TJX
$155B
| $143M | 0.03% |
1,682,000
-104,300
| -6% | -$8.23M |
|
455
CALL
Marriott International
MAR
$93.9B
| $143M | 0.03% |
776,100
-337,000
| -30% | -$58.5M |
|
456
PUT
Devon Energy
DVN
$53.1B
| $142M | 0.03% |
2,928,800
-405,900
| -12% | -$20.4M |
|
457
PUT
Danaher
DHR
$151B
| $141M | 0.03% |
664,956
-424,241
| -39% | -$89.8M |
|
458
PUT
Dollar Tree
DLTR
$26.3B
| $141M | 0.03% |
984,300
-531,200
| -35% | -$78.2M |
|
459
CALL
Petrobras
PBR
$120B
| $140M | 0.03% |
10,152,400
+5,373,200
| +112% | +$65.4M |
|
460
CALL
ProShares UltraPro Short QQQ
SQQQ
$1.9B
| $140M | 0.03% |
296,972
-16,740
| -5% | -$10.8M |
|
461
PUT
Biogen
BIIB
$32.2B
| $140M | 0.03% |
492,300
-272,200
| -36% | -$81M |
|
462
PUT
Celsius Holdings
CELH
$8.86B
| $140M | 0.03% |
2,808,900
+1,899,900
| +209% | +$75.6M |
|
|
463
CALL
Danaher
DHR
$151B
| $139M | 0.03% |
655,142
-157,582
| -19% | -$33.4M |
|
|
464
PUT
Petrobras
PBR
$120B
| $139M | 0.03% |
10,078,200
-3,763,300
| -27% | -$45.8M |
|
465
CALL
PNC Financial Services
PNC
$97.2B
| $139M | 0.03% |
1,099,900
+308,300
| +39% | +$37.7M |
|
466
CALL
SoFi Technologies
SOFI
$23.6B
| $138M | 0.03% |
16,604,700
+8,416,400
| +103% | +$54.9M |
|
467
CALL
Shell
SHEL
$257B
| $138M | 0.03% |
2,289,200
-536,900
| -19% | -$32.2M |
|
468
PUT
HubSpot
HUBS
$12.2B
| $138M | 0.03% |
258,600
+21,900
| +9% | +$10.3M |
|
469
State Street SPDR S&P Retail ETF
XRT
$329M
| $137M | 0.03% |
2,153,388
-897,437
| -29% | -$55.1M |
|
470
PUT
Cloudflare
NET
$99.8B
| $137M | 0.03% |
2,094,700
+495,400
| +31% | +$29.6M |
|
471
CALL
GameStop
GME
$8.09B
| $136M | 0.03% |
5,625,100
-817,000
| -13% | -$18.3M |
|
|
B
472
CALL
Barrick Mining
B
$79.3B
| $136M | 0.03% |
8,052,800
-751,800
| -9% | -$13.7M |
|
473
CALL
Best Buy
BBY
$18.4B
| $136M | 0.03% |
1,663,600
+355,500
| +27% | +$26.6M |
|
474
CALL
ProShares UltraShort Bloomberg Natural Gas
KOLD
$107M
| $136M | 0.03% |
4,897,800
+1,446,200
| +42% | +$52.2M |
|
475
CALL
Chewy
CHWY
$10B
| $136M | 0.03% |
3,438,300
+883,700
| +35% | +$30.8M |
|
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.