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 | |
|---|---|---|---|---|---|---|
501
CALL
Truist Financial
TFC
$61.6B
| $153M | 0.03% |
4,138,700
+2,750,300
| +198% | +$86.3M |
|
502
PUT
SolarEdge
SEDG
$1.9B
| $153M | 0.03% |
1,630,700
+295,500
| +22% | +$26.9M |
|
503
PUT
Capital One
COF
$134B
| $153M | 0.03% |
1,164,000
+246,200
| +27% | +$26.6M |
|
504
CALL
General Dynamics
GD
$104B
| $153M | 0.03% |
587,700
+32,000
| +6% | +$7.81M |
|
505
CALL
McKesson
MCK
$100B
| $152M | 0.03% |
328,700
+49,600
| +18% | +$22.6M |
|
506
CALL
Automatic Data Processing
ADP
$112B
| $152M | 0.03% |
651,500
+7,500
| +1% | +$1.75M |
|
507
CALL
Dick's Sporting Goods
DKS
$16.4B
| $152M | 0.03% |
1,032,700
-30,800
| -3% | -$3.74M |
|
508
CALL
Philip Morris
PM
$293B
| $152M | 0.03% |
1,612,900
-693,500
| -30% | -$63.9M |
|
509
PUT
PNC Financial Services
PNC
$97B
| $152M | 0.03% |
979,600
-146,900
| -13% | -$19M |
|
510
CALL
Align Technology
ALGN
$11.5B
| $151M | 0.03% |
551,300
+296,100
| +116% | +$70.2M |
|
511
JD.com
JD
$39.7B
| $151M | 0.03% |
5,226,327
+1,360,809
| +35% | +$36.9M |
|
512
CALL
Expedia Group
EXPE
$38.6B
| $150M | 0.03% |
988,200
+44,200
| +5% | +$5.41M |
|
|
HES
513
PUT
DELISTED
Hess
HES
| $149M | 0.03% |
1,036,900
+489,000
| +89% | +$71.7M |
|
514
PUT
iShares Silver Trust
SLV
$33.8B
| $149M | 0.03% |
6,853,300
+1,166,500
| +21% | +$24.8M |
|
515
Costco
COST
$420B
| $149M | 0.03% |
225,586
-14,138
| -6% | -$8.38M |
|
516
PUT
HubSpot
HUBS
$12B
| $149M | 0.03% |
256,200
+17,700
| +7% | +$8.52M |
|
517
CALL
Paycom
PAYC
$10.3B
| $148M | 0.03% |
715,300
+236,500
| +49% | +$50M |
|
518
CALL
Snap
SNAP
$8.86B
| $148M | 0.03% |
8,730,700
+1,125,100
| +15% | +$13.8M |
|
519
PUT
Marathon Petroleum
MPC
$101B
| $147M | 0.03% |
990,100
-423,800
| -30% | -$62.9M |
|
520
PUT
D.R. Horton
DHI
$41.5B
| $147M | 0.03% |
964,500
+216,300
| +29% | +$26.6M |
|
521
PUT
Roblox
RBLX
$27.4B
| $146M | 0.03% |
3,197,600
+1,294,900
| +68% | +$47.8M |
|
522
PUT
NextEra Energy
NEE
$174B
| $146M | 0.03% |
2,406,700
+553,200
| +30% | +$31.5M |
|
523
PUT
Comcast
CMCSA
$95.3B
| $146M | 0.03% |
3,323,400
+1,019,400
| +44% | +$43.7M |
|
|
524
CALL
Capital One
COF
$134B
| $145M | 0.03% |
1,108,100
+408,200
| +58% | +$44M |
|
525
Lockheed Martin
LMT
$130B
| $145M | 0.03% |
320,050
+101,747
| +47% | +$45.1M |
|
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.