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 |
Tesla
TSLA
|
+$2.17B |
| 2 |
Microsoft
MSFT
|
+$619M |
| 3 |
Apple
AAPL
|
+$377M |
| 4 |
Booking.com
BKNG
|
+$319M |
| 5 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$270M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.48B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$896M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$599M |
| 4 |
Citigroup
C
|
+$467M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$430M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.55% |
| 3 | Financials | 1.15% |
| 4 | Healthcare | 0.97% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
NVIDIA
NVDA
$5.2T
| $1.78B | 0.45% |
121,741,000
-12,010,000
| -9% | -$176M |
|
|
27
Tesla
TSLA
$1.43T
| $1.7B | 0.43% |
13,787,156
+11,483,247
| +498% | +$2.17B |
|
|
28
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $1.69B | 0.43% |
18,983,200
+2,390,200
| +14% | +$228M |
|
|
29
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.65B | 0.42% |
18,656,700
-4,890,500
| -21% | -$465M |
|
|
30
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $1.57B | 0.4% |
35,804,600
-10,620,600
| -23% | -$462M |
|
31
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.32B | 0.33% |
3,980,500
+1,121,800
| +39% | +$365M |
|
32
CALL
Boeing
BA
$169B
| $1.28B | 0.32% |
6,732,400
+2,289,300
| +52% | +$374M |
|
33
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.24B | 0.31% |
16,854,000
-19,275,500
| -53% | -$1.42B |
|
|
34
Apple
AAPL
$4.51T
| $1.2B | 0.3% |
9,211,674
+2,641,297
| +40% | +$377M |
|
35
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.19B | 0.3% |
9,853,200
-2,372,100
| -19% | -$279M |
|
36
CALL
ExxonMobil
XOM
$679B
| $1.18B | 0.3% |
10,727,800
-140,300
| -1% | -$15M |
|
37
PUT
Costco
COST
$420B
| $1.17B | 0.29% |
2,553,700
+267,600
| +12% | +$131M |
|
|
38
Microsoft
MSFT
$3.59T
| $1.16B | 0.29% |
4,851,571
+2,580,931
| +114% | +$619M |
|
|
39
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.15B | 0.29% |
12,931,300
-12,501,300
| -49% | -$1.19B |
|
40
CALL
SPDR Gold Trust
GLD
$152B
| $1.13B | 0.29% |
6,681,800
+274,000
| +4% | +$44.1M |
|
41
CALL
JPMorgan Chase
JPM
$935B
| $1.11B | 0.28% |
8,311,100
+489,500
| +6% | +$62M |
|
42
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.1B | 0.28% |
16,815,600
-529,700
| -3% | -$33.2M |
|
|
43
PUT
Boeing
BA
$169B
| $1.02B | 0.26% |
5,336,400
+458,500
| +9% | +$75M |
|
|
44
iShares Russell 2000 ETF
IWM
$81.9B
| $1.01B | 0.26% |
5,797,049
-5,035,880
| -46% | -$896M |
|
45
CALL
UnitedHealth
UNH
$350B
| $972M | 0.25% |
1,834,000
+88,900
| +5% | +$47.1M |
|
46
CALL
Visa
V
$693B
| $958M | 0.24% |
4,612,400
+1,057,000
| +30% | +$213M |
|
47
PUT
Advanced Micro Devices
AMD
$773B
| $927M | 0.23% |
14,312,400
-305,300
| -2% | -$20.2M |
|
48
PUT
Goldman Sachs
GS
$303B
| $923M | 0.23% |
2,688,600
-713,100
| -21% | -$248M |
|
|
49
CALL
Costco
COST
$420B
| $918M | 0.23% |
2,011,200
-137,600
| -6% | -$67.2M |
|
|
50
PUT
Citigroup
C
$221B
| $914M | 0.23% |
20,216,700
-8,878,700
| -31% | -$403M |
|
Similar funds
Jeff Yass's Q4 2022 Portfolio in Review
As of Q4 2022, Jeff Yass held 14,748 positions worth $395B, up 2.2% from $387B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jeff Yass's Q4 2022 filing shows 1,670 new, 4,598 increased, 5,766 reduced and 2,485 closed positions. Its largest new stake was Vanguard FTSE All-World ex-US ETF: 2,560,357 shares worth $128M. The largest sale was Amazon, an estimated $1.48B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, up from 1.9% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q4 2022 buy was Vanguard FTSE All-World ex-US ETF: 2,560,357 shares worth $128M.
- Jeff Yass added most to Tesla in Q4 2022, an estimated $2.17B increase.
- Jeff Yass's biggest Q4 2022 reduction was Amazon, cutting an estimated $1.48B.
- Jeff Yass fully exited Twitter, Inc. in Q4 2022, selling an estimated $76M.
- Jeff Yass's ten largest holdings make up 27% of its $395B portfolio in Q4 2022.
- Jeff Yass opened 1,670 new positions and closed 2,485 in Q4 2022.
- Jeff Yass's portfolio value rose 2.2% quarter-over-quarter to $395B.
Based on Susquehanna International Group's 13F filing for Q4 2022, filed 14 Feb 2023.