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 | |
|---|---|---|---|---|---|---|
476
Amgen
AMGN
$240B
| $135M | 0.03% |
609,517
+153,606
| +34% | +$35.6M |
|
477
CALL
Snap
SNAP
$9.35B
| $135M | 0.03% |
11,423,000
+3,770,800
| +49% | +$37.9M |
|
|
DOCU
478
CALL
DocuSign
DOCU
$11.9B
| $135M | 0.03% |
2,639,300
-82,300
| -3% | -$4.36M |
|
479
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $135M | 0.03% |
3,404,040
-2,425,550
| -42% | -$95.4M |
|
|
B
480
PUT
Barrick Mining
B
$79.3B
| $134M | 0.03% |
7,935,400
+3,116,700
| +65% | +$56.8M |
|
481
CALL
VanEck Oil Services ETF
OIH
$1.94B
| $134M | 0.03% |
467,000
-199,800
| -30% | -$54.2M |
|
482
CALL
Hilton Worldwide
HLT
$74.3B
| $133M | 0.03% |
913,900
-52,100
| -5% | -$7.42M |
|
|
ATVI
483
DELISTED
Activision Blizzard
ATVI
| $133M | 0.03% |
1,574,979
-18,516
| -1% | -$1.5M |
|
484
PUT
Workday
WDAY
$49.2B
| $133M | 0.03% |
587,200
-264,700
| -31% | -$53M |
|
485
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $132M | 0.03% |
376,500
+125,100
| +50% | +$42.2M |
|
486
PUT
Deckers Outdoor
DECK
$12.5B
| $132M | 0.03% |
1,504,200
+293,400
| +24% | +$23.6M |
|
|
XYZ
487
Block Inc
XYZ
$48.9B
| $132M | 0.03% |
1,984,806
+253,246
| +15% | +$15.8M |
|
488
CALL
Teck Resources
TECK
$34.4B
| $132M | 0.03% |
3,137,100
+1,601,700
| +104% | +$68.8M |
|
489
PUT
Comcast
CMCSA
$95.9B
| $131M | 0.03% |
3,149,400
-717,200
| -19% | -$28.5M |
|
490
PUT
Capital One
COF
$133B
| $130M | 0.03% |
1,192,500
+224,700
| +23% | +$22.5M |
|
491
PUT
Estee Lauder
EL
$37.7B
| $130M | 0.03% |
663,900
+297,900
| +81% | +$63.2M |
|
492
PUT
Take-Two Interactive
TTWO
$43.7B
| $130M | 0.03% |
881,900
+147,600
| +20% | +$19.3M |
|
493
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.2B
| $130M | 0.03% |
1,749,200
-80,100
| -4% | -$6.01M |
|
494
PUT
BILL Holdings
BILL
$4.8B
| $130M | 0.03% |
1,108,900
+331,700
| +43% | +$31.5M |
|
495
Blackstone
BX
$108B
| $130M | 0.03% |
1,393,429
+604,267
| +77% | +$52.2M |
|
496
PUT
Sarepta Therapeutics
SRPT
$1.92B
| $129M | 0.03% |
1,129,400
+437,800
| +63% | +$56.5M |
|
497
PUT
Best Buy
BBY
$18.4B
| $129M | 0.03% |
1,575,700
+597,300
| +61% | +$44.6M |
|
498
PUT
Elevance Health
ELV
$87.3B
| $129M | 0.03% |
289,400
-11,800
| -4% | -$5.44M |
|
499
PUT
Medtronic
MDT
$119B
| $128M | 0.03% |
1,457,200
-297,300
| -17% | -$25.6M |
|
500
PUT
Generac Holdings
GNRC
$12B
| $128M | 0.03% |
859,900
+207,400
| +32% | +$23.6M |
|
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.