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 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$521M |
| 2 |
Nike
NKE
|
+$509M |
| 3 |
Micron Technology
MU
|
+$439M |
| 4 |
Super Micro Computer
SMCI
|
+$435M |
| 5 |
Broadcom
AVGO
|
+$329M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$5.31B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.89B |
| 3 |
Amazon
AMZN
|
+$1.48B |
| 4 |
Microsoft
MSFT
|
+$1.07B |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$904M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.38% |
| 2 | Consumer Discretionary | 1.03% |
| 3 | Financials | 0.75% |
| 4 | Healthcare | 0.67% |
| 5 | Communication Services | 0.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $2.75B | 0.51% |
29,951,800
+6,006,700
| +25% | +$547M |
|
27
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.74B | 0.51% |
15,015,300
-6,390,600
| -30% | -$1.08B |
|
28
PUT
Costco
COST
$420B
| $2.52B | 0.47% |
2,969,500
-789,900
| -21% | -$616M |
|
29
CALL
Advanced Micro Devices
AMD
$773B
| $2.51B | 0.47% |
15,458,600
-1,895,000
| -11% | -$305M |
|
|
30
NVIDIA
NVDA
$5.2T
| $2.41B | 0.45% |
19,477,705
-52,497,275
| -73% | -$5.31B |
|
31
Invesco QQQ Trust
QQQ
$486B
| $2.4B | 0.45% |
5,008,648
-271,895
| -5% | -$122M |
|
32
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $2.39B | 0.45% |
38,150,600
+14,925,600
| +64% | +$927M |
|
|
33
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $2.37B | 0.44% |
12,941,600
-5,131,300
| -28% | -$873M |
|
34
PUT
TSMC
TSM
$2.17T
| $2.3B | 0.43% |
13,250,800
+834,200
| +7% | +$127M |
|
35
PUT
Netflix
NFLX
$331B
| $2.15B | 0.4% |
31,838,000
-13,984,000
| -31% | -$873M |
|
|
36
CALL
Netflix
NFLX
$331B
| $2.1B | 0.39% |
31,111,000
-11,536,000
| -27% | -$720M |
|
37
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $2.06B | 0.38% |
5,068,200
-551,200
| -10% | -$225M |
|
38
CALL
SPDR Gold Trust
GLD
$152B
| $2B | 0.37% |
9,316,700
-15,000
| -0.2% | -$3.24M |
|
|
39
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $1.99B | 0.37% |
31,686,100
+721,100
| +2% | +$44.8M |
|
|
40
CALL
Costco
COST
$420B
| $1.97B | 0.37% |
2,322,200
-372,900
| -14% | -$291M |
|
|
41
PUT
Advanced Micro Devices
AMD
$773B
| $1.96B | 0.37% |
12,089,400
-728,300
| -6% | -$117M |
|
|
42
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.88B | 0.35% |
20,469,800
-1,920,200
| -9% | -$175M |
|
43
CALL
Eli Lilly
LLY
$1.12T
| $1.87B | 0.35% |
2,064,100
-217,000
| -10% | -$174M |
|
|
44
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.85B | 0.34% |
10,081,600
-2,798,400
| -22% | -$476M |
|
|
45
PUT
Eli Lilly
LLY
$1.12T
| $1.77B | 0.33% |
1,959,600
+228,700
| +13% | +$183M |
|
46
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.57B | 0.29% |
20,047,500
-4,839,700
| -19% | -$383M |
|
47
PUT
Strategy Inc
MSTR
$47.4B
| $1.53B | 0.28% |
11,102,000
-2,242,000
| -17% | -$323M |
|
48
PUT
Adobe
ADBE
$109B
| $1.51B | 0.28% |
2,712,100
-332,200
| -11% | -$161M |
|
49
CALL
JPMorgan Chase
JPM
$935B
| $1.51B | 0.28% |
7,442,500
-41,100
| -0.5% | -$8.04M |
|
50
PUT
Booking.com
BKNG
$158B
| $1.5B | 0.28% |
9,452,500
-3,322,500
| -26% | -$492M |
|
Similar funds
Jeff Yass's Q2 2024 Portfolio in Review
As of Q2 2024, Jeff Yass held 13,638 positions worth $537B, down 6.7% from $576B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass withdrew a net $65.7B in Q2 2024, closing 1,726 positions and reducing 5,607 holdings. Its most notable exit was iShares MSCI USA Quality Factor ETF, an estimated $26.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 3% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in NextEra Energy 7.299% Corporate Units worth $127M.
- Jeff Yass's largest Q2 2024 buy was NextEra Energy 7.299% Corporate Units: 2,575,000 shares worth $127M.
- Jeff Yass added most to Vanguard FTSE Developed Markets ETF in Q2 2024, an estimated $521M increase.
- Jeff Yass's biggest Q2 2024 reduction was NVIDIA, cutting an estimated $5.31B.
- Jeff Yass fully exited iShares MSCI USA Quality Factor ETF in Q2 2024, selling an estimated $26.2M.
- Jeff Yass's ten largest holdings make up 26% of its $537B portfolio in Q2 2024.
- Jeff Yass opened 1,591 new positions and closed 1,726 in Q2 2024.
- Jeff Yass's portfolio value fell 6.7% quarter-over-quarter to $537B.
Based on Susquehanna International Group's 13F filing for Q2 2024, filed 15 Aug 2024.