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 | |
|---|---|---|---|---|---|---|
576
CALL
Fortinet
FTNT
$112B
| $107M | 0.02% |
1,414,900
+223,300
| +19% | +$15.2M |
|
577
CALL
NIO
NIO
$10.9B
| $107M | 0.02% |
11,024,200
+3,446,000
| +45% | +$29.2M |
|
578
PUT
iShares US Real Estate ETF
IYR
$4.67B
| $107M | 0.02% |
1,232,300
-848,200
| -41% | -$71.2M |
|
579
Marathon Petroleum
MPC
$102B
| $106M | 0.02% |
910,235
+316,048
| +53% | +$36.7M |
|
580
CALL
Simon Property Group
SPG
$71.4B
| $106M | 0.02% |
915,300
-491,700
| -35% | -$53.6M |
|
581
PUT
Lennar Class A
LEN
$21.2B
| $106M | 0.02% |
870,716
+88,425
| +11% | +$9.65M |
|
582
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$322M
| $105M | 0.02% |
3,713,600
+2,427,400
| +189% | +$68.2M |
|
583
PUT
Avis
CAR
$5.19B
| $105M | 0.02% |
459,700
-35,700
| -7% | -$6.54M |
|
584
PUT
Linde
LIN
$226B
| $105M | 0.02% |
275,800
-120,300
| -30% | -$43.9M |
|
585
CALL
Kimberly-Clark
KMB
$37B
| $105M | 0.02% |
759,900
-318,500
| -30% | -$44.3M |
|
586
O'Reilly Automotive
ORLY
$73.4B
| $105M | 0.02% |
1,643,040
+944,625
| +135% | +$57.7M |
|
587
PUT
Roblox
RBLX
$27.7B
| $105M | 0.02% |
2,596,200
+85,300
| +3% | +$3.42M |
|
588
CALL
American Tower
AMT
$83.1B
| $105M | 0.02% |
539,400
-154,800
| -22% | -$30.3M |
|
589
CALL
Nu Holdings
NU
$71.3B
| $105M | 0.02% |
13,257,600
+1,552,600
| +13% | +$9.54M |
|
590
CALL
Synopsys
SNPS
$75.5B
| $104M | 0.02% |
239,100
+151,800
| +174% | +$61.1M |
|
|
591
CALL
O'Reilly Automotive
ORLY
$73.4B
| $104M | 0.02% |
1,629,000
+742,500
| +84% | +$45.3M |
|
592
PUT
PNC Financial Services
PNC
$97.2B
| $104M | 0.02% |
823,100
-170,900
| -17% | -$20.9M |
|
593
PUT
Stryker
SYK
$126B
| $103M | 0.02% |
338,800
-103,800
| -23% | -$30M |
|
594
CALL
MetLife
MET
$61.1B
| $103M | 0.02% |
1,827,300
-1,443,900
| -44% | -$80.1M |
|
595
CALL
Peabody Energy
BTU
$3.4B
| $103M | 0.02% |
4,753,600
+1,699,500
| +56% | +$37.6M |
|
596
Airbnb
ABNB
$112B
| $103M | 0.02% |
801,520
+93,261
| +13% | +$10.9M |
|
597
PUT
Burlington
BURL
$20.8B
| $103M | 0.02% |
652,600
+139,000
| +27% | +$23.9M |
|
598
PUT
Vale
VALE
$64B
| $103M | 0.02% |
7,644,700
-2,300,200
| -23% | -$32.6M |
|
599
PUT
Sea Limited
SE
$70.9B
| $102M | 0.02% |
1,760,600
-436,500
| -20% | -$31.1M |
|
600
PUT
Crocs
CROX
$6.03B
| $102M | 0.02% |
905,200
+340,700
| +60% | +$40.6M |
|
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.