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
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SGEN
501
PUT
DELISTED
Seagen Inc. Common Stock
SGEN
| $130M | 0.03% |
612,700
-148,700
| -20% | -$29.7M |
|
502
CALL
Crocs
CROX
$5.85B
| $129M | 0.03% |
1,465,200
+437,700
| +43% | +$45M |
|
503
CALL
Prudential Financial
PRU
$41.8B
| $129M | 0.03% |
1,360,700
+109,900
| +9% | +$10.4M |
|
504
PUT
Carvana
CVNA
$76.9B
| $128M | 0.03% |
15,204,500
+1,871,500
| +14% | +$16.1M |
|
505
Adobe
ADBE
$109B
| $127M | 0.03% |
250,033
-179,312
| -42% | -$94.1M |
|
506
McDonald's
MCD
$192B
| $127M | 0.03% |
483,736
+150,408
| +45% | +$42.9M |
|
507
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $127M | 0.03% |
366,300
-10,200
| -3% | -$3.57M |
|
508
CALL
Take-Two Interactive
TTWO
$44.8B
| $127M | 0.03% |
905,600
+75,300
| +9% | +$10.8M |
|
509
T-Mobile US
TMUS
$196B
| $127M | 0.03% |
905,865
+369,043
| +69% | +$51.1M |
|
|
DOCU
510
CALL
DocuSign
DOCU
$11.8B
| $127M | 0.03% |
3,018,500
+379,200
| +14% | +$18.6M |
|
511
CALL
SLB Ltd
SLB
$79.9B
| $126M | 0.03% |
2,165,400
+348,200
| +19% | +$20.2M |
|
512
CALL
Ross Stores
ROST
$76.7B
| $126M | 0.03% |
1,115,200
+621,800
| +126% | +$71.3M |
|
513
CALL
ARK Innovation ETF
ARKK
$6.72B
| $126M | 0.03% |
3,173,300
-1,298,700
| -29% | -$57.3M |
|
514
PUT
ON Semiconductor
ON
$28.9B
| $126M | 0.03% |
1,351,800
+389,400
| +40% | +$37.8M |
|
515
American Express
AXP
$227B
| $125M | 0.03% |
840,479
+592,972
| +240% | +$97M |
|
516
PUT
BP
BP
$115B
| $125M | 0.03% |
3,230,000
+192,000
| +6% | +$7.13M |
|
517
CALL
Cloudflare
NET
$104B
| $125M | 0.03% |
1,983,400
-318,500
| -14% | -$20.4M |
|
518
Amgen
AMGN
$238B
| $125M | 0.03% |
464,215
-145,302
| -24% | -$36.3M |
|
519
PUT
Old Dominion Freight Line
ODFL
$42.8B
| $124M | 0.03% |
607,400
-65,600
| -10% | -$13.3M |
|
520
CALL
Paycom
PAYC
$10.3B
| $124M | 0.03% |
478,800
+209,900
| +78% | +$64M |
|
521
CALL
iShares US Real Estate ETF
IYR
$4.62B
| $124M | 0.03% |
1,587,700
-284,800
| -15% | -$24.3M |
|
522
PUT
Phillips 66
PSX
$96.9B
| $124M | 0.03% |
1,031,600
+188,300
| +22% | +$21.1M |
|
523
CALL
Cencora
COR
$60.7B
| $124M | 0.03% |
688,300
+583,900
| +559% | +$108M |
|
524
CALL
HubSpot
HUBS
$12B
| $124M | 0.03% |
250,800
+22,400
| +10% | +$11.7M |
|
525
PUT
NXP Semiconductors
NXPI
$56.9B
| $123M | 0.03% |
616,600
+220,000
| +55% | +$45.5M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.