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 | |
|---|---|---|---|---|---|---|
526
PUT
iShares Silver Trust
SLV
$33.5B
| $121M | 0.02% |
5,811,800
-90,600
| -2% | -$2.01M |
|
527
Procter & Gamble
PG
$341B
| $121M | 0.02% |
799,830
-619,744
| -44% | -$93.4M |
|
528
CALL
Sea Limited
SE
$70.9B
| $121M | 0.02% |
2,090,200
-1,374,100
| -40% | -$98M |
|
529
CALL
Strategy Inc
MSTR
$48.7B
| $121M | 0.02% |
3,536,000
-644,000
| -15% | -$19.5M |
|
|
HZNP
530
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $121M | 0.02% |
1,174,000
+603,300
| +106% | +$63.6M |
|
531
Coca-Cola
KO
$396B
| $120M | 0.02% |
1,999,255
-456,011
| -19% | -$28.4M |
|
532
CALL
S&P Global
SPGI
$128B
| $120M | 0.02% |
299,900
-36,900
| -11% | -$13.5M |
|
533
CALL
Automatic Data Processing
ADP
$112B
| $120M | 0.02% |
546,500
+14,700
| +3% | +$3.17M |
|
534
PUT
Dick's Sporting Goods
DKS
$16.1B
| $120M | 0.02% |
906,200
+96,200
| +12% | +$13.2M |
|
|
VMW
535
CALL
DELISTED
VMware, Inc
VMW
| $120M | 0.02% |
832,300
+121,200
| +17% | +$15.7M |
|
536
PUT
Bristol-Myers Squibb
BMY
$137B
| $119M | 0.02% |
1,865,200
-675,900
| -27% | -$45.3M |
|
537
CALL
VanEck Junior Gold Miners ETF
GDXJ
$9.83B
| $119M | 0.02% |
3,328,600
+1,639,400
| +97% | +$63.7M |
|
|
SCHW
538
Charles Schwab
SCHW
$197B
| $119M | 0.02% |
2,091,061
-1,052,354
| -33% | -$55.1M |
|
539
PUT
CarMax
KMX
$8.91B
| $118M | 0.02% |
1,408,500
-1,314,300
| -48% | -$96.2M |
|
540
AbbVie
ABBV
$467B
| $118M | 0.02% |
873,374
-404,255
| -32% | -$59.3M |
|
|
EXE
541
CALL
Expand Energy Corp
EXE
$22.3B
| $118M | 0.02% |
1,406,000
+497,200
| +55% | +$39.7M |
|
542
CALL
AMC Entertainment Holdings
AMC
$2.38B
| $118M | 0.02% |
2,671,470
+273,680
| +11% | +$13.5M |
|
543
Zoom
ZM
$30.7B
| $117M | 0.02% |
1,727,465
+1,555,794
| +906% | +$104M |
|
|
NVO
544
CALL
Novo Nordisk
NVO
$207B
| $116M | 0.02% |
1,436,400
+1,006,000
| +234% | +$82.2M |
|
545
CALL
D.R. Horton
DHI
$41.7B
| $116M | 0.02% |
952,700
+105,500
| +12% | +$11.5M |
|
546
Thermo Fisher Scientific
TMO
$232B
| $116M | 0.02% |
222,196
-2,435
| -1% | -$1.31M |
|
547
CALL
Crocs
CROX
$6.03B
| $116M | 0.02% |
1,027,500
+304,000
| +42% | +$36.2M |
|
548
PUT
Honeywell
HON
$68.1B
| $115M | 0.02% |
589,810
-557,025
| -49% | -$103M |
|
549
Lowe's Companies
LOW
$122B
| $115M | 0.02% |
509,272
+67,124
| +15% | +$14M |
|
550
Visa
V
$714B
| $115M | 0.02% |
483,862
-546,656
| -53% | -$125M |
|
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.