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 | |
|---|---|---|---|---|---|---|
551
CALL
Veeva Systems
VEEV
$40.4B
| $115M | 0.02% |
579,100
+244,400
| +73% | +$44.6M |
|
552
Mastercard
MA
$525B
| $114M | 0.02% |
290,170
-194,347
| -40% | -$72.9M |
|
553
CrowdStrike
CRWD
$194B
| $114M | 0.02% |
3,102,212
+2,055,728
| +196% | +$71.6M |
|
554
Texas Instruments
TXN
$236B
| $113M | 0.02% |
630,363
+18,648
| +3% | +$3.21M |
|
555
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $113M | 0.02% |
1,045,616
+792,412
| +313% | +$85.7M |
|
556
PUT
Alcoa
AA
$13B
| $112M | 0.02% |
3,312,500
+430,800
| +15% | +$15.7M |
|
557
Qualcomm
QCOM
$166B
| $112M | 0.02% |
938,101
-583,264
| -38% | -$67M |
|
558
PUT
Marriott International
MAR
$93.9B
| $111M | 0.02% |
607,000
-494,600
| -45% | -$85.8M |
|
559
CALL
Constellation Brands
STZ
$23.5B
| $111M | 0.02% |
451,500
-21,000
| -4% | -$4.91M |
|
560
Abbott
ABT
$202B
| $111M | 0.02% |
1,016,593
+71,236
| +8% | +$7.59M |
|
561
CALL
Prudential Financial
PRU
$42.3B
| $110M | 0.02% |
1,250,800
+104,900
| +9% | +$8.78M |
|
|
562
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $109M | 0.02% |
1,011,600
-1,588,100
| -61% | -$172M |
|
563
PUT
Synopsys
SNPS
$75.5B
| $109M | 0.02% |
249,900
+165,700
| +197% | +$66.7M |
|
564
CALL
ON Semiconductor
ON
$28B
| $109M | 0.02% |
1,149,100
-761,000
| -40% | -$62.9M |
|
565
CALL
Norfolk Southern
NSC
$79.3B
| $109M | 0.02% |
479,200
+176,000
| +58% | +$37.4M |
|
566
PUT
Diamondback Energy
FANG
$57.6B
| $109M | 0.02% |
827,200
-1,031,900
| -56% | -$138M |
|
567
PUT
D.R. Horton
DHI
$41.7B
| $109M | 0.02% |
891,900
-20,100
| -2% | -$2.2M |
|
568
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $108M | 0.02% |
307,300
+29,100
| +10% | +$9.8M |
|
569
CALL
Vanguard Information Technology ETF
VGT
$143B
| $108M | 0.02% |
1,952,800
+160,000
| +9% | +$8.03M |
|
570
Occidental Petroleum
OXY
$60.1B
| $107M | 0.02% |
1,828,038
+186,162
| +11% | +$11.2M |
|
|
571
PUT
Prudential Financial
PRU
$42.3B
| $107M | 0.02% |
1,218,100
+113,300
| +10% | +$9.48M |
|
|
HZNP
572
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $107M | 0.02% |
1,043,700
+956,400
| +1,096% | +$101M |
|
573
PUT
Align Technology
ALGN
$11.3B
| $107M | 0.02% |
303,200
-140,200
| -32% | -$44.6M |
|
574
PUT
BP
BP
$113B
| $107M | 0.02% |
3,038,000
-3,730,300
| -55% | -$138M |
|
575
Ford
F
$55.5B
| $107M | 0.02% |
7,072,166
-474,500
| -6% | -$6M |
|
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.