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 | |
|---|---|---|---|---|---|---|
551
CALL
American Airlines Group
AAL
$9.15B
| $116M | 0.02% |
9,034,000
-1,549,500
| -15% | -$24.1M |
|
552
PUT
iShares Silver Trust
SLV
$33.8B
| $116M | 0.02% |
5,686,800
-125,000
| -2% | -$2.7M |
|
|
X
553
CALL
DELISTED
US Steel
X
| $115M | 0.02% |
3,555,800
+1,397,800
| +65% | +$39.2M |
|
554
CALL
Dick's Sporting Goods
DKS
$16.4B
| $115M | 0.02% |
1,063,500
+454,900
| +75% | +$57.6M |
|
|
HZNP
555
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $115M | 0.02% |
997,000
-46,700
| -4% | -$5.02M |
|
556
PUT
Darden Restaurants
DRI
$25.2B
| $115M | 0.02% |
805,000
+73,500
| +10% | +$11.7M |
|
557
PUT
Paycom
PAYC
$10.3B
| $115M | 0.02% |
444,600
+200,400
| +82% | +$61.1M |
|
558
CALL
Synopsys
SNPS
$76.2B
| $115M | 0.02% |
251,100
+12,000
| +5% | +$5.37M |
|
559
Payoneer
PAYO
$2.41B
| $115M | 0.02% |
18,819,651
| – | – |
|
560
Danaher
DHR
$154B
| $115M | 0.02% |
523,542
+299,375
| +134% | +$66.8M |
|
561
PUT
Altria Group
MO
$110B
| $115M | 0.02% |
2,737,000
+1,260,700
| +85% | +$55.7M |
|
|
NVO
562
PUT
Novo Nordisk
NVO
$207B
| $115M | 0.02% |
1,260,900
+464,900
| +58% | +$41M |
|
563
CALL
Transocean
RIG
$6.61B
| $115M | 0.02% |
13,962,000
+522,900
| +4% | +$4.27M |
|
|
HZNP
564
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $114M | 0.02% |
988,800
-185,200
| -16% | -$19.9M |
|
565
CALL
Peabody Energy
BTU
$3.37B
| $114M | 0.02% |
4,389,000
-364,600
| -8% | -$8.16M |
|
566
CALL
Pinterest
PINS
$13.3B
| $114M | 0.02% |
4,200,500
-1,601,100
| -28% | -$43.7M |
|
567
PUT
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $113M | 0.02% |
534,200
+151,000
| +39% | +$33.4M |
|
|
B
568
PUT
Barrick Mining
B
$78.3B
| $113M | 0.02% |
7,793,000
-142,400
| -2% | -$2.33M |
|
569
CALL
Linde
LIN
$225B
| $113M | 0.02% |
304,500
+50,800
| +20% | +$19.3M |
|
570
CALL
Cameco
CCJ
$44.6B
| $113M | 0.02% |
2,848,300
-1,193,800
| -30% | -$42.2M |
|
571
Charter Communications
CHTR
$17.9B
| $113M | 0.02% |
256,645
+79,576
| +45% | +$33.1M |
|
572
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $113M | 0.02% |
247,100
-17,600
| -7% | -$8.43M |
|
|
573
PUT
Dick's Sporting Goods
DKS
$16.4B
| $113M | 0.02% |
1,039,100
+132,900
| +15% | +$16.8M |
|
574
JD.com
JD
$39.7B
| $113M | 0.02% |
3,865,518
+190,234
| +5% | +$6.62M |
|
575
CALL
Fortinet
FTNT
$113B
| $112M | 0.02% |
1,912,100
+497,200
| +35% | +$32.9M |
|
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.