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 | |
|---|---|---|---|---|---|---|
476
CALL
Medtronic
MDT
$119B
| $164M | 0.03% |
1,990,100
-409,000
| -17% | -$31.2M |
|
477
RTX Corp
RTX
$283B
| $164M | 0.03% |
1,947,522
+1,100,978
| +130% | +$87.1M |
|
478
PUT
Ford
F
$57.5B
| $164M | 0.03% |
13,439,700
-3,960,800
| -23% | -$44.1M |
|
479
PUT
O'Reilly Automotive
ORLY
$72.1B
| $164M | 0.03% |
2,584,500
-241,500
| -9% | -$15.3M |
|
480
CALL
Energy Transfer Partners
ET
$73B
| $163M | 0.03% |
11,835,000
-3,780,200
| -24% | -$51.4M |
|
481
PUT
HCA Healthcare
HCA
$92.9B
| $163M | 0.03% |
600,500
+146,200
| +32% | +$36.1M |
|
482
PUT
Alcoa
AA
$13.7B
| $162M | 0.03% |
4,777,800
+1,628,200
| +52% | +$44.1M |
|
483
CALL
Burlington
BURL
$20.6B
| $162M | 0.03% |
834,800
+278,400
| +50% | +$41.5M |
|
484
CALL
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$721M
| $162M | 0.03% |
1,326,700
+1,282,205
| +2,882% | +$98.1M |
|
485
PUT
Freeport-McMoran
FCX
$110B
| $161M | 0.03% |
3,793,000
-588,300
| -13% | -$21.7M |
|
486
PUT
State Street SPDR S&P Homebuilders ETF
XHB
$1.46B
| $161M | 0.03% |
1,681,900
+510,500
| +44% | +$41.5M |
|
487
Netflix
NFLX
$331B
| $160M | 0.03% |
3,295,750
-3,163,110
| -49% | -$138M |
|
488
SPDR Gold Trust
GLD
$154B
| $160M | 0.03% |
837,645
-12,301
| -1% | -$2.25M |
|
489
CALL
ON Semiconductor
ON
$28.9B
| $160M | 0.03% |
1,916,000
+249,500
| +15% | +$19.6M |
|
490
CALL
American Airlines Group
AAL
$9.15B
| $158M | 0.03% |
11,533,900
+2,499,900
| +28% | +$31.4M |
|
491
CALL
Upstart Holdings
UPST
$2.95B
| $158M | 0.03% |
3,857,000
+1,087,200
| +39% | +$33.1M |
|
492
CALL
Cloudflare
NET
$104B
| $157M | 0.03% |
1,890,000
-93,400
| -5% | -$6.53M |
|
493
State Street SPDR S&P Retail ETF
XRT
$491M
| $157M | 0.03% |
2,174,593
+464,643
| +27% | +$29.5M |
|
494
CALL
Atlassian
TEAM
$43.5B
| $157M | 0.03% |
659,500
+68,300
| +12% | +$13.4M |
|
495
PUT
Celsius Holdings
CELH
$8.44B
| $156M | 0.03% |
2,859,200
-1,557,700
| -35% | -$83.1M |
|
496
PUT
Petrobras
PBR
$123B
| $156M | 0.03% |
9,758,300
-4,039,000
| -29% | -$61.9M |
|
497
PUT
Li Auto
LI
$12.8B
| $156M | 0.03% |
4,154,600
+178,400
| +4% | +$6.44M |
|
498
CALL
3M
MMM
$92.3B
| $155M | 0.03% |
1,699,994
-365,020
| -18% | -$29.3M |
|
499
CALL
Biogen
BIIB
$32B
| $154M | 0.03% |
594,200
-39,700
| -6% | -$9.75M |
|
500
CALL
S&P Global
SPGI
$127B
| $154M | 0.03% |
348,500
-68,300
| -16% | -$27M |
|
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.