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 | |
|---|---|---|---|---|---|---|
526
CALL
Etsy
ETSY
$7.44B
| $123M | 0.03% |
1,905,300
+723,700
| +61% | +$57.1M |
|
|
DOCU
527
PUT
DocuSign
DOCU
$11.8B
| $123M | 0.03% |
2,927,600
-954,800
| -25% | -$46.8M |
|
528
CALL
General Dynamics
GD
$104B
| $123M | 0.03% |
555,700
+211,800
| +62% | +$46.9M |
|
529
PUT
Elevance Health
ELV
$86.9B
| $122M | 0.03% |
281,100
-8,300
| -3% | -$3.76M |
|
530
PUT
Cheniere Energy
LNG
$57.3B
| $122M | 0.03% |
736,200
-88,200
| -11% | -$14.2M |
|
531
PUT
Lennar Class A
LEN
$21B
| $122M | 0.03% |
1,120,185
+249,469
| +29% | +$29.3M |
|
532
ConocoPhillips
COP
$162B
| $121M | 0.03% |
1,013,430
+206,811
| +26% | +$24M |
|
533
CALL
Stryker
SYK
$126B
| $121M | 0.03% |
444,200
+41,800
| +10% | +$12M |
|
534
CALL
McKesson
MCK
$100B
| $121M | 0.03% |
279,100
+82,200
| +42% | +$34.6M |
|
535
CALL
iShares Gold Trust
IAU
$68.4B
| $121M | 0.03% |
3,458,400
+1,194,100
| +53% | +$43.6M |
|
|
PXD
536
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $121M | 0.03% |
526,500
+69,700
| +15% | +$15.9M |
|
537
CALL
Veeva Systems
VEEV
$40.3B
| $121M | 0.03% |
592,900
+13,800
| +2% | +$2.78M |
|
538
PUT
Honeywell
HON
$68.4B
| $120M | 0.02% |
686,361
+96,551
| +16% | +$17.7M |
|
539
PUT
RTX Corp
RTX
$283B
| $119M | 0.02% |
1,657,100
+643,000
| +63% | +$55.1M |
|
540
CALL
Atlassian
TEAM
$43.5B
| $119M | 0.02% |
591,200
+170,700
| +41% | +$32.4M |
|
541
CALL
VanEck Junior Gold Miners ETF
GDXJ
$9.76B
| $118M | 0.02% |
3,676,300
+347,700
| +10% | +$12.3M |
|
542
AbbVie
ABBV
$468B
| $118M | 0.02% |
793,850
-79,524
| -9% | -$11.7M |
|
543
PUT
HubSpot
HUBS
$12B
| $117M | 0.02% |
238,500
-20,100
| -8% | -$10.5M |
|
|
NVO
544
CALL
Novo Nordisk
NVO
$207B
| $117M | 0.02% |
1,291,600
-144,800
| -10% | -$12.8M |
|
545
CALL
Strategy Inc
MSTR
$47.4B
| $117M | 0.02% |
3,566,000
+30,000
| +0.8% | +$1.13M |
|
546
CALL
Simon Property Group
SPG
$70.6B
| $116M | 0.02% |
1,074,300
+159,000
| +17% | +$18.6M |
|
547
PUT
Unity
U
$20.7B
| $116M | 0.02% |
3,696,600
+1,486,600
| +67% | +$57.2M |
|
548
PUT
Arista Networks
ANET
$238B
| $116M | 0.02% |
2,522,000
-1,808,400
| -42% | -$80.6M |
|
549
PUT
Abbott
ABT
$202B
| $116M | 0.02% |
1,196,600
-688,400
| -37% | -$72.3M |
|
550
CALL
NIO
NIO
$11.6B
| $116M | 0.02% |
12,810,100
+1,785,900
| +16% | +$19.9M |
|
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.