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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $2.65B | 0.5% |
26,822,200
+2,744,200
| +11% | +$248M |
|
27
PUT
Broadcom
AVGO
$1.75T
| $2.55B | 0.48% |
22,813,000
+2,979,000
| +15% | +$282M |
|
28
CALL
Netflix
NFLX
$331B
| $2.53B | 0.48% |
51,926,000
+5,349,000
| +11% | +$234M |
|
29
CALL
Advanced Micro Devices
AMD
$773B
| $2.44B | 0.46% |
16,531,000
+1,906,000
| +13% | +$225M |
|
30
PUT
Costco
COST
$420B
| $2.44B | 0.46% |
3,691,200
+1,113,600
| +43% | +$660M |
|
|
31
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $2.3B | 0.44% |
23,279,700
+4,282,600
| +23% | +$387M |
|
32
CALL
SPDR Gold Trust
GLD
$152B
| $2.2B | 0.42% |
11,531,800
+2,868,000
| +33% | +$526M |
|
|
33
Invesco QQQ Trust
QQQ
$486B
| $2.16B | 0.41% |
5,275,087
-2,509,704
| -32% | -$953M |
|
|
34
CALL
Broadcom
AVGO
$1.75T
| $2.04B | 0.39% |
18,278,000
-2,224,000
| -11% | -$211M |
|
35
Microsoft
MSFT
$3.59T
| $2.03B | 0.39% |
5,410,795
+115,276
| +2% | +$41M |
|
36
CALL
Booking.com
BKNG
$158B
| $1.93B | 0.37% |
13,607,500
-65,000
| -0.5% | -$8.11M |
|
37
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.87B | 0.36% |
24,796,800
+3,522,600
| +17% | +$249M |
|
|
38
PUT
Advanced Micro Devices
AMD
$773B
| $1.85B | 0.35% |
12,533,500
-1,889,900
| -13% | -$223M |
|
39
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.77B | 0.34% |
12,561,700
+300,300
| +2% | +$40.7M |
|
40
CALL
Boeing
BA
$169B
| $1.77B | 0.34% |
6,789,100
+1,799,400
| +36% | +$385M |
|
|
41
CALL
Costco
COST
$420B
| $1.75B | 0.33% |
2,647,100
+648,300
| +32% | +$384M |
|
42
PUT
Adobe
ADBE
$109B
| $1.72B | 0.33% |
2,888,200
+677,200
| +31% | +$391M |
|
43
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.7B | 0.32% |
4,513,300
+236,500
| +6% | +$82.6M |
|
44
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.65B | 0.31% |
4,635,300
+446,000
| +11% | +$157M |
|
45
NVIDIA
NVDA
$5.2T
| $1.58B | 0.3% |
31,890,070
-11,706,110
| -27% | -$542M |
|
|
46
Amazon
AMZN
$2.79T
| $1.54B | 0.29% |
10,167,756
-5,817,899
| -36% | -$816M |
|
47
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $1.53B | 0.29% |
33,530,000
+795,000
| +2% | +$33.1M |
|
48
PUT
Coinbase
COIN
$49.2B
| $1.53B | 0.29% |
8,804,500
+3,889,000
| +79% | +$425M |
|
|
49
CALL
Adobe
ADBE
$109B
| $1.52B | 0.29% |
2,541,200
+15,400
| +0.6% | +$8.88M |
|
50
PUT
Palo Alto Networks
PANW
$292B
| $1.48B | 0.28% |
10,062,800
+36,200
| +0.4% | +$4.84M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.