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 | |
|---|---|---|---|---|---|---|
26
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.41B | 0.49% |
20,095,500
-2,606,800
| -11% | -$300M |
|
27
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $2.13B | 0.43% |
6,182,400
+164,900
| +3% | +$55.5M |
|
|
28
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $2.12B | 0.43% |
20,555,100
+5,866,100
| +40% | +$609M |
|
29
PUT
Booking.com
BKNG
$158B
| $2.11B | 0.43% |
19,530,000
-6,072,500
| -24% | -$642M |
|
30
PUT
Advanced Micro Devices
AMD
$773B
| $1.79B | 0.36% |
15,713,400
-141,900
| -0.9% | -$14.8M |
|
|
31
CALL
Advanced Micro Devices
AMD
$773B
| $1.77B | 0.36% |
15,572,400
+2,715,100
| +21% | +$282M |
|
32
CALL
Broadcom
AVGO
$1.75T
| $1.76B | 0.36% |
20,261,000
+6,791,000
| +50% | +$484M |
|
|
33
PUT
Broadcom
AVGO
$1.75T
| $1.71B | 0.35% |
19,694,000
+6,393,000
| +48% | +$456M |
|
34
Meta Platforms (Facebook)
META
$1.4T
| $1.7B | 0.35% |
5,936,748
+1,234,113
| +26% | +$305M |
|
|
35
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.53B | 0.31% |
12,608,200
-245,100
| -2% | -$28.4M |
|
|
36
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.44B | 0.29% |
19,839,200
-1,974,400
| -9% | -$143M |
|
37
Amazon
AMZN
$2.79T
| $1.43B | 0.29% |
10,942,959
+297,493
| +3% | +$34M |
|
|
38
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.38B | 0.28% |
4,049,400
-479,700
| -11% | -$157M |
|
39
CALL
SPDR Gold Trust
GLD
$152B
| $1.35B | 0.27% |
7,572,800
-148,600
| -2% | -$27.3M |
|
|
40
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.34B | 0.27% |
13,064,200
+5,480,700
| +72% | +$569M |
|
|
41
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.34B | 0.27% |
3,907,400
-216,500
| -5% | -$72.9M |
|
42
PUT
Adobe
ADBE
$109B
| $1.31B | 0.27% |
2,673,700
+1,162,200
| +77% | +$468M |
|
|
43
CALL
Booking.com
BKNG
$158B
| $1.3B | 0.27% |
12,065,000
+932,500
| +8% | +$98.5M |
|
44
PUT
Costco
COST
$420B
| $1.3B | 0.26% |
2,413,900
-171,600
| -7% | -$86.8M |
|
45
PUT
Palo Alto Networks
PANW
$292B
| $1.28B | 0.26% |
10,032,200
+592,800
| +6% | +$61.7M |
|
46
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.23B | 0.25% |
16,425,100
-10,069,500
| -38% | -$751M |
|
47
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $1.2B | 0.24% |
27,975,000
+805,000
| +3% | +$31.8M |
|
48
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $1.19B | 0.24% |
29,345,000
-6,990,400
| -19% | -$285M |
|
|
49
CALL
Adobe
ADBE
$109B
| $1.18B | 0.24% |
2,422,400
+226,200
| +10% | +$91.1M |
|
50
CALL
ExxonMobil
XOM
$679B
| $1.15B | 0.23% |
10,676,600
-187,200
| -2% | -$20.4M |
|
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.