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
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Netflix
NFLX
$331B
| $2B | 0.42% |
57,750,000
-12,783,000
| -18% | -$423M |
|
27
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.97B | 0.42% |
18,991,600
+334,900
| +2% | +$32.1M |
|
|
28
CALL
Netflix
NFLX
$331B
| $1.9B | 0.41% |
55,136,000
-21,706,000
| -28% | -$718M |
|
29
Microsoft
MSFT
$3.59T
| $1.57B | 0.33% |
5,460,516
+608,945
| +13% | +$155M |
|
30
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.56B | 0.33% |
21,813,600
+4,998,000
| +30% | +$350M |
|
31
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.56B | 0.33% |
14,689,000
-5,834,700
| -28% | -$610M |
|
32
PUT
Advanced Micro Devices
AMD
$773B
| $1.55B | 0.33% |
15,855,300
+1,542,900
| +11% | +$126M |
|
|
33
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $1.5B | 0.32% |
36,335,400
+530,800
| +1% | +$22.7M |
|
34
CALL
SPDR Gold Trust
GLD
$152B
| $1.41B | 0.3% |
7,721,400
+1,039,600
| +16% | +$183M |
|
|
35
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.4B | 0.3% |
4,529,100
-1,632,500
| -26% | -$503M |
|
36
CALL
Alibaba
BABA
$286B
| $1.39B | 0.3% |
13,628,900
+3,249,200
| +31% | +$325M |
|
37
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.37B | 0.29% |
4,123,900
+143,400
| +4% | +$47.6M |
|
38
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.36B | 0.29% |
34,474,200
+12,827,900
| +59% | +$510M |
|
39
Apple
AAPL
$4.51T
| $1.34B | 0.28% |
8,111,392
-1,100,282
| -12% | -$162M |
|
|
40
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.34B | 0.28% |
12,853,300
-78,000
| -0.6% | -$7.53M |
|
41
CALL
JPMorgan Chase
JPM
$935B
| $1.3B | 0.28% |
9,991,200
+1,680,100
| +20% | +$230M |
|
42
PUT
Costco
COST
$420B
| $1.28B | 0.27% |
2,585,500
+31,800
| +1% | +$15.6M |
|
|
43
CALL
Advanced Micro Devices
AMD
$773B
| $1.26B | 0.27% |
12,857,300
+181,500
| +1% | +$14.8M |
|
44
PUT
Home Depot
HD
$335B
| $1.21B | 0.26% |
4,093,700
+1,387,800
| +51% | +$425M |
|
45
CALL
ExxonMobil
XOM
$679B
| $1.19B | 0.25% |
10,863,800
+136,000
| +1% | +$15M |
|
46
PUT
Citigroup
C
$221B
| $1.19B | 0.25% |
25,357,300
+5,140,600
| +25% | +$252M |
|
47
CALL
Booking.com
BKNG
$158B
| $1.18B | 0.25% |
11,132,500
+232,500
| +2% | +$22.6M |
|
|
48
PUT
JPMorgan Chase
JPM
$935B
| $1.17B | 0.25% |
8,980,600
+2,394,200
| +36% | +$328M |
|
|
49
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $1.11B | 0.24% |
15,478,500
+2,955,400
| +24% | +$207M |
|
50
Amazon
AMZN
$2.79T
| $1.1B | 0.23% |
10,645,466
+771,512
| +8% | +$74.5M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.