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 | |
|---|---|---|---|---|---|---|
526
PUT
United Parcel Service
UPS
$86.8B
| $144M | 0.03% |
918,300
-563,700
| -38% | -$85.2M |
|
527
PUT
3M
MMM
$92.3B
| $144M | 0.03% |
1,578,720
-1,016,122
| -39% | -$81.5M |
|
528
CALL
Clorox
CLX
$12.9B
| $144M | 0.03% |
1,011,000
+254,900
| +34% | +$34M |
|
529
AbbVie
ABBV
$468B
| $143M | 0.03% |
925,506
+131,656
| +17% | +$19.2M |
|
530
CALL
United Airlines
UAL
$36.7B
| $143M | 0.03% |
3,470,700
+324,600
| +10% | +$12.8M |
|
531
PUT
Automatic Data Processing
ADP
$112B
| $143M | 0.03% |
613,200
+411,300
| +204% | +$95.8M |
|
532
Boeing
BA
$169B
| $143M | 0.03% |
547,467
-15,751
| -3% | -$3.37M |
|
533
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $142M | 0.03% |
1,284,400
-273,700
| -18% | -$28.5M |
|
534
CALL
Take-Two Interactive
TTWO
$44.8B
| $142M | 0.03% |
882,700
-22,900
| -3% | -$3.42M |
|
535
CALL
Rio Tinto
RIO
$171B
| $142M | 0.03% |
1,905,700
-1,236,500
| -39% | -$83M |
|
536
Coca-Cola
KO
$392B
| $142M | 0.03% |
2,402,371
-1,402,275
| -37% | -$79.7M |
|
537
Micron Technology
MU
$1.09T
| $141M | 0.03% |
1,655,589
+628,572
| +61% | +$46.7M |
|
538
Cisco
CSCO
$438B
| $141M | 0.03% |
2,786,621
+947,845
| +52% | +$48.4M |
|
539
CALL
D.R. Horton
DHI
$41.5B
| $141M | 0.03% |
926,300
+210,100
| +29% | +$25.9M |
|
540
Intel
INTC
$476B
| $140M | 0.03% |
2,783,128
-1,780,879
| -39% | -$72.3M |
|
541
CALL
Cencora
COR
$60.7B
| $139M | 0.03% |
678,500
-9,800
| -1% | -$1.91M |
|
542
CALL
Trade Desk
TTD
$6.19B
| $139M | 0.03% |
1,936,000
-741,300
| -28% | -$54.5M |
|
543
Palo Alto Networks
PANW
$292B
| $139M | 0.03% |
944,658
+681,042
| +258% | +$91.1M |
|
|
DOCU
544
PUT
DocuSign
DOCU
$11.8B
| $139M | 0.03% |
2,330,700
-596,900
| -20% | -$27.4M |
|
545
CALL
Dow Inc
DOW
$23.4B
| $138M | 0.03% |
2,519,800
-303,600
| -11% | -$15.5M |
|
546
Intuit
INTU
$100B
| $138M | 0.03% |
220,973
+26,879
| +14% | +$14.8M |
|
547
Walmart Inc
WMT
$825B
| $138M | 0.03% |
2,625,084
+783,882
| +43% | +$41.5M |
|
548
Visa
V
$693B
| $138M | 0.03% |
529,804
-264,391
| -33% | -$65.2M |
|
549
PUT
Elevance Health
ELV
$86.9B
| $138M | 0.03% |
292,300
+11,200
| +4% | +$5.18M |
|
550
PUT
Cloudflare
NET
$104B
| $138M | 0.03% |
1,654,600
+364,400
| +28% | +$25.5M |
|
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.