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 | |
|---|---|---|---|---|---|---|
476
PUT
Elevance Health
ELV
$86.9B
| $138M | 0.03% |
301,200
+50,900
| +20% | +$24.2M |
|
477
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $137M | 0.03% |
1,829,300
+191,600
| +12% | +$14M |
|
478
FedEx
FDX
$76.9B
| $136M | 0.03% |
597,287
+148,513
| +33% | +$30.2M |
|
|
ATVI
479
DELISTED
Activision Blizzard
ATVI
| $136M | 0.03% |
1,593,495
+271,953
| +21% | +$21.1M |
|
480
CALL
Hilton Worldwide
HLT
$73.5B
| $136M | 0.03% |
966,000
+532,800
| +123% | +$75M |
|
481
PUT
Intuitive Surgical
ISRG
$134B
| $136M | 0.03% |
531,800
-120,300
| -18% | -$29.6M |
|
482
CALL
United Airlines
UAL
$36.7B
| $135M | 0.03% |
3,062,000
-778,500
| -20% | -$37.3M |
|
483
CALL
Royal Caribbean
RCL
$78.1B
| $135M | 0.03% |
2,066,100
-653,300
| -24% | -$43.1M |
|
484
CALL
Cameco
CCJ
$44.6B
| $134M | 0.03% |
5,121,200
+597,100
| +13% | +$15.8M |
|
485
McDonald's
MCD
$192B
| $133M | 0.03% |
476,117
+77,865
| +20% | +$20.9M |
|
486
Walmart Inc
WMT
$825B
| $133M | 0.03% |
2,703,972
+513,726
| +23% | +$24.4M |
|
487
CALL
American Airlines Group
AAL
$9.15B
| $132M | 0.03% |
8,945,000
-1,943,300
| -18% | -$30.3M |
|
488
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $132M | 0.03% |
3,003,554
+2,413,941
| +409% | +$137M |
|
489
CALL
Cigna
CI
$73.3B
| $131M | 0.03% |
514,600
+19,600
| +4% | +$5.71M |
|
490
PUT
iShares Silver Trust
SLV
$33.8B
| $131M | 0.03% |
5,902,400
-764,300
| -11% | -$15.8M |
|
491
CALL
Arista Networks
ANET
$238B
| $130M | 0.03% |
3,109,200
+465,200
| +18% | +$16M |
|
492
Thermo Fisher Scientific
TMO
$233B
| $129M | 0.03% |
224,631
+65,594
| +41% | +$37M |
|
493
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $129M | 0.03% |
718,175
+389,169
| +118% | +$75.3M |
|
494
PUT
Colgate-Palmolive
CL
$72.6B
| $128M | 0.03% |
1,703,700
+619,100
| +57% | +$46M |
|
495
PUT
Twilio
TWLO
$34.6B
| $128M | 0.03% |
1,921,300
-101,400
| -5% | -$6.25M |
|
496
Cheniere Energy
LNG
$57.3B
| $128M | 0.03% |
810,930
+619,633
| +324% | +$93.6M |
|
|
497
PUT
Cheniere Energy
LNG
$57.3B
| $128M | 0.03% |
809,700
-15,300
| -2% | -$2.31M |
|
|
498
State Street Energy Select Sector SPDR ETF
XLE
$41.8B
| $127M | 0.03% |
3,077,884
-9,270,886
| -75% | -$396M |
|
499
PUT
NextEra Energy
NEE
$174B
| $127M | 0.03% |
1,653,300
-675,800
| -29% | -$52M |
|
500
lululemon athletica
LULU
$13.7B
| $127M | 0.03% |
348,868
+180,062
| +107% | +$56.5M |
|
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.