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 | |
|---|---|---|---|---|---|---|
451
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $150M | 0.03% |
5,081,200
+214,000
| +4% | +$6.9M |
|
452
CALL
Unity
U
$20.7B
| $149M | 0.03% |
4,748,700
-428,700
| -8% | -$16.5M |
|
453
Nike
NKE
$60.5B
| $149M | 0.03% |
1,556,006
+194,720
| +14% | +$20M |
|
454
PUT
Workday
WDAY
$49.4B
| $148M | 0.03% |
691,100
+103,900
| +18% | +$24.1M |
|
455
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $148M | 0.03% |
4,474,043
+845,872
| +23% | +$29.1M |
|
456
PUT
Estee Lauder
EL
$36.9B
| $148M | 0.03% |
1,024,700
+360,800
| +54% | +$60.2M |
|
457
CALL
Wayfair
W
$13.9B
| $148M | 0.03% |
2,438,100
-201,700
| -8% | -$14M |
|
458
SPDR Gold Trust
GLD
$152B
| $146M | 0.03% |
849,946
+797,655
| +1,525% | +$143M |
|
459
CALL
Dow Inc
DOW
$23.4B
| $146M | 0.03% |
2,823,400
+140,900
| +5% | +$7.56M |
|
460
CALL
Wynn Resorts
WYNN
$10.3B
| $145M | 0.03% |
1,574,000
-898,000
| -36% | -$90.1M |
|
461
CALL
BILL Holdings
BILL
$4.76B
| $145M | 0.03% |
1,337,100
-166,700
| -11% | -$19M |
|
462
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$350M
| $144M | 0.03% |
4,850,700
+1,137,100
| +31% | +$32.6M |
|
463
CALL
Progressive
PGR
$127B
| $144M | 0.03% |
1,032,000
+642,600
| +165% | +$84.5M |
|
464
PUT
Las Vegas Sands
LVS
$30.5B
| $143M | 0.03% |
3,130,200
+133,400
| +4% | +$7.21M |
|
465
CALL
AstraZeneca
AZN
$257B
| $143M | 0.03% |
1,055,150
+438,750
| +71% | +$59.9M |
|
466
CALL
iShares Semiconductor ETF
SOXX
$41.3B
| $143M | 0.03% |
904,200
-1,069,200
| -54% | -$178M |
|
467
Procter & Gamble
PG
$336B
| $143M | 0.03% |
977,414
+177,584
| +22% | +$27.1M |
|
468
CALL
Elevance Health
ELV
$86.9B
| $142M | 0.03% |
326,300
-14,500
| -4% | -$6.58M |
|
469
CALL
Twilio
TWLO
$34.6B
| $142M | 0.03% |
2,426,900
+97,500
| +4% | +$6.08M |
|
470
PUT
Li Auto
LI
$12.8B
| $142M | 0.03% |
3,976,200
-337,700
| -8% | -$13.3M |
|
471
PUT
Analog Devices
ADI
$182B
| $141M | 0.03% |
807,000
+152,300
| +23% | +$28.1M |
|
472
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $141M | 0.03% |
309,400
-37,200
| -11% | -$17.8M |
|
473
PUT
RH
RH
$2.9B
| $141M | 0.03% |
533,500
-36,800
| -6% | -$12.8M |
|
|
SGEN
474
CALL
DELISTED
Seagen Inc. Common Stock
SGEN
| $139M | 0.03% |
656,500
-239,900
| -27% | -$47.9M |
|
475
PUT
Waste Management
WM
$89.6B
| $139M | 0.03% |
908,900
+698,700
| +332% | +$113M |
|
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.