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 | |
|---|---|---|---|---|---|---|
|
B
576
PUT
Barrick Mining
B
$78.3B
| $124M | 0.02% |
6,848,800
-944,200
| -12% | -$15.5M |
|
577
PUT
Pinterest
PINS
$13.3B
| $124M | 0.02% |
3,335,400
-184,700
| -5% | -$5.81M |
|
578
PUT
BP
BP
$115B
| $123M | 0.02% |
3,488,600
+258,600
| +8% | +$9.47M |
|
|
SPLK
579
PUT
DELISTED
Splunk Inc
SPLK
| $123M | 0.02% |
809,300
-285,500
| -26% | -$42.7M |
|
580
CrowdStrike
CRWD
$195B
| $123M | 0.02% |
1,931,440
+1,603,952
| +490% | +$84M |
|
581
PUT
Las Vegas Sands
LVS
$30.5B
| $123M | 0.02% |
2,498,200
-632,000
| -20% | -$29.9M |
|
582
CALL
Deckers Outdoor
DECK
$12.5B
| $123M | 0.02% |
1,103,400
-126,600
| -10% | -$12.9M |
|
|
PXD
583
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $123M | 0.02% |
546,200
+19,700
| +4% | +$4.62M |
|
584
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $122M | 0.02% |
1,580,362
+289,003
| +22% | +$21.5M |
|
585
CALL
Prudential Financial
PRU
$41.8B
| $122M | 0.02% |
1,177,800
-182,900
| -13% | -$17.5M |
|
586
CALL
Synopsys
SNPS
$76.2B
| $122M | 0.02% |
236,100
-15,000
| -6% | -$7.67M |
|
587
PUT
Illumina
ILMN
$33.1B
| $121M | 0.02% |
896,930
+435,050
| +94% | +$50.2M |
|
|
588
CALL
BP
BP
$115B
| $121M | 0.02% |
3,429,700
-1,429,800
| -29% | -$52.4M |
|
589
PUT
StoneCo
STNE
$2.16B
| $121M | 0.02% |
6,725,200
+5,411,700
| +412% | +$71.1M |
|
590
CALL
Constellation Brands
STZ
$23.2B
| $121M | 0.02% |
500,600
+127,400
| +34% | +$30.3M |
|
591
Mastercard
MA
$509B
| $121M | 0.02% |
282,971
-104,641
| -27% | -$42M |
|
592
VanEck Semiconductor ETF
SMH
$66.4B
| $120M | 0.02% |
688,746
+275,728
| +67% | +$43.2M |
|
593
PUT
Nucor
NUE
$55.3B
| $120M | 0.02% |
691,300
+23,300
| +3% | +$3.69M |
|
594
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $120M | 0.02% |
1,655,500
+581,800
| +54% | +$40M |
|
595
PUT
Dow Inc
DOW
$23.4B
| $120M | 0.02% |
2,185,800
+69,300
| +3% | +$3.54M |
|
596
CALL
NIO
NIO
$11.6B
| $120M | 0.02% |
13,193,500
+383,400
| +3% | +$3.04M |
|
597
PUT
Cleveland-Cliffs
CLF
$6.43B
| $119M | 0.02% |
5,841,700
+951,400
| +19% | +$16.3M |
|
598
PUT
Vanguard Information Technology ETF
VGT
$145B
| $118M | 0.02% |
1,952,000
+942,400
| +93% | +$52.5M |
|
599
Morgan Stanley
MS
$336B
| $118M | 0.02% |
1,264,540
-40,253
| -3% | -$3.22M |
|
600
CALL
PNC Financial Services
PNC
$97B
| $118M | 0.02% |
761,400
-354,200
| -32% | -$45.9M |
|
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.