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 | |
|---|---|---|---|---|---|---|
501
CALL
Dollar General
DG
$27.6B
| $128M | 0.03% |
753,300
+233,500
| +45% | +$46.2M |
|
502
PUT
C3.ai
AI
$1.57B
| $128M | 0.03% |
3,508,900
+2,391,200
| +214% | +$67.4M |
|
|
FISV
503
CALL
Fiserv Inc
FISV
$28.2B
| $128M | 0.03% |
1,012,500
+201,900
| +25% | +$23.8M |
|
504
PUT
Analog Devices
ADI
$181B
| $128M | 0.03% |
654,700
-105,900
| -14% | -$19.6M |
|
505
PUT
O'Reilly Automotive
ORLY
$73.4B
| $127M | 0.03% |
1,998,000
+835,500
| +72% | +$51M |
|
506
PUT
Cameco
CCJ
$44.5B
| $127M | 0.03% |
4,054,800
+1,762,900
| +77% | +$49.6M |
|
507
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $127M | 0.03% |
264,700
-72,100
| -21% | -$32.8M |
|
|
SPLK
508
CALL
DELISTED
Splunk Inc
SPLK
| $127M | 0.03% |
1,194,000
+107,500
| +10% | +$10.2M |
|
|
509
CALL
Cameco
CCJ
$44.5B
| $127M | 0.03% |
4,042,100
-1,079,100
| -21% | -$30.3M |
|
510
PUT
AB InBev
BUD
$156B
| $127M | 0.03% |
2,231,900
+1,470,400
| +193% | +$88.9M |
|
511
CALL
Marathon Petroleum
MPC
$102B
| $126M | 0.03% |
1,083,800
-813,800
| -43% | -$94.6M |
|
512
PUT
Cheniere Energy
LNG
$58B
| $126M | 0.03% |
824,400
+14,700
| +2% | +$2.18M |
|
513
JD.com
JD
$39.4B
| $125M | 0.03% |
3,675,284
+35,966
| +1% | +$1.31M |
|
514
PUT
Old Dominion Freight Line
ODFL
$41.8B
| $124M | 0.03% |
673,000
+69,600
| +12% | +$11.3M |
|
515
PUT
DraftKings
DKNG
$12.9B
| $124M | 0.03% |
4,678,800
-467,500
| -9% | -$10.8M |
|
516
PUT
Twilio
TWLO
$34.2B
| $124M | 0.03% |
1,947,000
+25,700
| +1% | +$1.52M |
|
517
CALL
Phillips 66
PSX
$96.5B
| $123M | 0.03% |
1,292,000
-592,600
| -31% | -$57.6M |
|
518
CALL
Stryker
SYK
$126B
| $123M | 0.03% |
402,400
-33,800
| -8% | -$9.76M |
|
519
PUT
Illumina
ILMN
$33.7B
| $123M | 0.02% |
672,518
+191,003
| +40% | +$38.7M |
|
520
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $122M | 0.02% |
3,628,171
-1,895,223
| -34% | -$61.9M |
|
521
PUT
Darden Restaurants
DRI
$25.6B
| $122M | 0.02% |
731,500
+230,200
| +46% | +$36.2M |
|
522
CALL
Take-Two Interactive
TTWO
$43.7B
| $122M | 0.02% |
830,300
+203,300
| +32% | +$26.6M |
|
|
523
CALL
Illumina
ILMN
$33.7B
| $122M | 0.02% |
666,452
-13,262
| -2% | -$2.68M |
|
524
CALL
HubSpot
HUBS
$12.2B
| $122M | 0.02% |
228,400
-3,000
| -1% | -$1.41M |
|
525
CALL
Norwegian Cruise Line
NCLH
$7.91B
| $121M | 0.02% |
5,578,400
+2,563,400
| +85% | +$39.2M |
|
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.