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 | |
|---|---|---|---|---|---|---|
|
26
Amazon
AMZN
$2.79T
| $2.03B | 0.42% |
15,985,655
+5,042,696
| +46% | +$676M |
|
27
PUT
Netflix
NFLX
$331B
| $1.93B | 0.4% |
51,214,000
-6,840,000
| -12% | -$290M |
|
|
28
NVIDIA
NVDA
$5.2T
| $1.9B | 0.39% |
43,596,180
-28,061,840
| -39% | -$1.26B |
|
|
29
CALL
Netflix
NFLX
$331B
| $1.76B | 0.37% |
46,577,000
-10,843,000
| -19% | -$460M |
|
30
CALL
Broadcom
AVGO
$1.75T
| $1.7B | 0.35% |
20,502,000
+241,000
| +1% | +$20.9M |
|
31
CALL
Booking.com
BKNG
$158B
| $1.69B | 0.35% |
13,672,500
+1,607,500
| +13% | +$195M |
|
32
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.68B | 0.35% |
18,997,100
+5,932,900
| +45% | +$570M |
|
|
33
Microsoft
MSFT
$3.59T
| $1.67B | 0.35% |
5,295,519
-1,907,374
| -26% | -$630M |
|
|
34
Apple
AAPL
$4.51T
| $1.66B | 0.35% |
9,724,274
+5,376,743
| +124% | +$986M |
|
|
35
PUT
Broadcom
AVGO
$1.75T
| $1.65B | 0.34% |
19,834,000
+140,000
| +0.7% | +$12.1M |
|
|
36
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.62B | 0.34% |
12,261,400
-346,800
| -3% | -$45.1M |
|
37
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.51B | 0.31% |
20,447,200
+4,022,100
| +24% | +$300M |
|
38
CALL
Advanced Micro Devices
AMD
$773B
| $1.5B | 0.31% |
14,625,000
-947,400
| -6% | -$103M |
|
39
CALL
SPDR Gold Trust
GLD
$152B
| $1.49B | 0.31% |
8,663,800
+1,091,000
| +14% | +$195M |
|
|
40
PUT
Advanced Micro Devices
AMD
$773B
| $1.48B | 0.31% |
14,423,400
-1,290,000
| -8% | -$140M |
|
41
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.47B | 0.31% |
4,189,300
+139,900
| +3% | +$49.6M |
|
|
42
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.47B | 0.31% |
21,274,200
+1,435,000
| +7% | +$103M |
|
43
PUT
Costco
COST
$420B
| $1.46B | 0.3% |
2,577,600
+163,700
| +7% | +$90.4M |
|
44
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.43B | 0.3% |
4,276,800
-1,905,600
| -31% | -$661M |
|
|
45
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.4B | 0.29% |
4,174,600
+267,200
| +7% | +$92.7M |
|
46
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $1.3B | 0.27% |
28,709,800
-635,200
| -2% | -$27.8M |
|
47
CALL
ExxonMobil
XOM
$679B
| $1.3B | 0.27% |
11,032,300
+355,700
| +3% | +$39M |
|
48
CALL
Adobe
ADBE
$109B
| $1.29B | 0.27% |
2,525,800
+103,400
| +4% | +$54.2M |
|
|
49
Meta Platforms (Facebook)
META
$1.4T
| $1.21B | 0.25% |
4,016,815
-1,919,933
| -32% | -$578M |
|
50
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $1.2B | 0.25% |
32,735,000
+4,760,000
| +17% | +$186M |
|
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.