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 | |
|---|---|---|---|---|---|---|
551
State Street Energy Select Sector SPDR ETF
XLE
$41.8B
| $138M | 0.03% |
3,281,386
-1,961,690
| -37% | -$83.9M |
|
552
CALL
SoFi Technologies
SOFI
$24.4B
| $137M | 0.03% |
13,807,600
+2,563,600
| +23% | +$20.4M |
|
553
PUT
Cameco
CCJ
$44.6B
| $136M | 0.03% |
3,162,500
-119,500
| -4% | -$5M |
|
554
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.2B
| $136M | 0.03% |
1,676,500
+859,000
| +105% | +$63.6M |
|
555
CALL
Scorpio Tankers
STNG
$3.93B
| $135M | 0.03% |
2,216,200
+522,100
| +31% | +$29.4M |
|
556
CALL
Alpha Metallurgical Resources
AMR
$2.66B
| $134M | 0.03% |
396,300
-15,200
| -4% | -$4M |
|
557
PUT
Honeywell
HON
$68.4B
| $134M | 0.03% |
677,024
-9,337
| -1% | -$1.68M |
|
558
PUT
KraneShares CSI China Internet ETF
KWEB
$5.27B
| $134M | 0.03% |
4,956,100
+1,503,000
| +44% | +$40.7M |
|
559
CALL
Li Auto
LI
$12.8B
| $133M | 0.03% |
3,560,800
+707,400
| +25% | +$25.5M |
|
560
PUT
Upstart Holdings
UPST
$2.95B
| $133M | 0.03% |
3,255,900
+697,600
| +27% | +$21.2M |
|
561
PUT
Biogen
BIIB
$32B
| $133M | 0.03% |
513,800
+141,800
| +38% | +$34.8M |
|
562
CALL
SLB Ltd
SLB
$79.9B
| $132M | 0.03% |
2,540,900
+375,500
| +17% | +$20.4M |
|
563
CALL
ProShares UltraPro Short QQQ
SQQQ
$1.85B
| $130M | 0.02% |
385,440
-22,920
| -6% | -$9.98M |
|
|
564
PUT
SLB Ltd
SLB
$79.9B
| $129M | 0.02% |
2,475,100
+1,099,900
| +80% | +$59.8M |
|
565
CALL
VanEck Junior Gold Miners ETF
GDXJ
$9.76B
| $128M | 0.02% |
3,367,600
-308,700
| -8% | -$10.9M |
|
566
CALL
Elevance Health
ELV
$86.9B
| $128M | 0.02% |
270,700
-55,600
| -17% | -$25.7M |
|
567
CALL
Crocs
CROX
$5.85B
| $128M | 0.02% |
1,366,400
-98,800
| -7% | -$9.12M |
|
568
CALL
BILL Holdings
BILL
$4.76B
| $127M | 0.02% |
1,559,800
+222,700
| +17% | +$18.3M |
|
569
PUT
Expedia Group
EXPE
$38.6B
| $127M | 0.02% |
835,100
+7,700
| +0.9% | +$943K |
|
570
PUT
Deckers Outdoor
DECK
$12.5B
| $127M | 0.02% |
1,137,600
-31,200
| -3% | -$3.17M |
|
571
Oracle
ORCL
$422B
| $126M | 0.02% |
1,195,903
+204,554
| +21% | +$22.3M |
|
572
PUT
Align Technology
ALGN
$11.5B
| $126M | 0.02% |
458,100
+163,200
| +55% | +$38.7M |
|
573
PUT
Newmont
NEM
$139B
| $125M | 0.02% |
3,016,800
+204,600
| +7% | +$7.9M |
|
574
PUT
State Street SPDR S&P Retail ETF
XRT
$491M
| $125M | 0.02% |
1,723,300
+789,100
| +84% | +$50.2M |
|
575
iShares MSCI Japan ETF
EWJ
$22.4B
| $124M | 0.02% |
1,939,007
+1,873,291
| +2,851% | +$115M |
|
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.