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 | |
|---|---|---|---|---|---|---|
501
PUT
Stryker
SYK
$126B
| $126M | 0.03% |
442,600
+201,400
| +83% | +$53.4M |
|
502
PUT
PNC Financial Services
PNC
$97B
| $126M | 0.03% |
994,000
+419,200
| +73% | +$63.2M |
|
503
CALL
Cheniere Energy
LNG
$57.3B
| $126M | 0.03% |
801,400
+250,700
| +46% | +$37.9M |
|
504
CALL
ProShares UltraShort Bloomberg Natural Gas
KOLD
$110M
| $125M | 0.03% |
3,451,600
+771,400
| +29% | +$21.2M |
|
505
Netflix
NFLX
$331B
| $125M | 0.03% |
3,613,530
+361,410
| +11% | +$12M |
|
|
506
CALL
Stryker
SYK
$126B
| $125M | 0.03% |
436,200
+96,300
| +28% | +$25.5M |
|
507
CALL
iShares Biotechnology ETF
IBB
$10.7B
| $124M | 0.03% |
963,900
+656,200
| +213% | +$85.9M |
|
508
PUT
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$20B
| $124M | 0.03% |
6,781,300
+2,252,000
| +50% | +$33.5M |
|
509
PUT
Alcoa
AA
$13.7B
| $123M | 0.03% |
2,881,700
-558,500
| -16% | -$26.9M |
|
510
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $122M | 0.03% |
680,675
+302,381
| +80% | +$58.5M |
|
511
CALL
Strategy Inc
MSTR
$47.4B
| $122M | 0.03% |
4,180,000
-1,670,000
| -29% | -$40.8M |
|
512
Intuit
INTU
$100B
| $122M | 0.03% |
273,478
+105,310
| +63% | +$43.2M |
|
513
PUT
Altria Group
MO
$110B
| $122M | 0.03% |
2,728,600
-644,700
| -19% | -$29.6M |
|
514
Caterpillar
CAT
$381B
| $122M | 0.03% |
530,973
-61,802
| -10% | -$14.9M |
|
515
CALL
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$6.88B
| $120M | 0.03% |
1,643,300
+832,500
| +103% | +$57.5M |
|
516
CALL
AMC Entertainment Holdings
AMC
$2.28B
| $120M | 0.03% |
2,397,790
+263,490
| +12% | +$14M |
|
517
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $120M | 0.03% |
261,900
-208,100
| -44% | -$97M |
|
518
Cisco
CSCO
$438B
| $120M | 0.03% |
2,292,428
-384,116
| -14% | -$18.8M |
|
|
XYZ
519
Block Inc
XYZ
$49.4B
| $119M | 0.03% |
1,731,560
+230,113
| +15% | +$17.2M |
|
520
CALL
Okta
OKTA
$23.5B
| $118M | 0.03% |
1,373,700
-106,000
| -7% | -$8.07M |
|
521
CALL
Automatic Data Processing
ADP
$112B
| $118M | 0.03% |
531,800
+81,200
| +18% | +$18.3M |
|
522
Payoneer
PAYO
$2.41B
| $118M | 0.03% |
18,819,651
+18,797,758
| +85,862% | +$112M |
|
523
CALL
Marvell Technology
MRVL
$213B
| $118M | 0.03% |
2,717,900
-118,600
| -4% | -$4.99M |
|
524
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.86B
| $118M | 0.03% |
922,072
+715,728
| +347% | +$95M |
|
525
PUT
State Street SPDR S&P Retail ETF
XRT
$491M
| $117M | 0.02% |
1,847,200
+430,500
| +30% | +$28.3M |
|
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.