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 | |
|---|---|---|---|---|---|---|
|
AYX
601
PUT
DELISTED
Alteryx Inc
AYX
| $101M | 0.02% |
2,230,600
-1,009,600
| -31% | -$44.2M |
|
602
Snowflake
SNOW
$112B
| $101M | 0.02% |
574,250
+314,838
| +121% | +$51.2M |
|
603
PUT
Snap
SNAP
$9.35B
| $101M | 0.02% |
8,527,100
+398,100
| +5% | +$4M |
|
604
PUT
Pinterest
PINS
$13.3B
| $101M | 0.02% |
3,689,400
-571,800
| -13% | -$14.2M |
|
605
CALL
Estee Lauder
EL
$37.7B
| $101M | 0.02% |
513,200
+275,900
| +116% | +$58.5M |
|
606
PUT
Rivian
RIVN
$24B
| $100M | 0.02% |
6,032,400
+2,277,000
| +61% | +$31.8M |
|
607
PUT
US Bancorp
USB
$97.3B
| $100M | 0.02% |
3,039,300
+1,242,300
| +69% | +$40.1M |
|
608
Comcast
CMCSA
$95.9B
| $100M | 0.02% |
2,413,504
-2,294,388
| -49% | -$91.1M |
|
609
CALL
Cadence Design Systems
CDNS
$87B
| $100M | 0.02% |
427,300
+212,400
| +99% | +$46.2M |
|
610
PUT
Five Below
FIVE
$14.5B
| $100M | 0.02% |
508,800
+241,500
| +90% | +$47.2M |
|
611
PUT
Dow Inc
DOW
$22.7B
| $100M | 0.02% |
1,877,200
+312,000
| +20% | +$16.6M |
|
612
CALL
Etsy
ETSY
$7.99B
| $100M | 0.02% |
1,181,600
-155,000
| -12% | -$14.6M |
|
613
CALL
Franco-Nevada
FNV
$52.1B
| $99.7M | 0.02% |
698,900
-294,300
| -30% | -$44.2M |
|
614
McDonald's
MCD
$193B
| $99.5M | 0.02% |
333,328
-142,789
| -30% | -$41.5M |
|
615
PUT
RTX Corp
RTX
$282B
| $99.3M | 0.02% |
1,014,100
-147,700
| -13% | -$14.5M |
|
616
CALL
Darden Restaurants
DRI
$25.6B
| $99.2M | 0.02% |
593,900
+215,500
| +57% | +$33.9M |
|
617
CALL
Enovix
ENVX
$718M
| $99M | 0.02% |
6,270,400
+4,196,800
| +202% | +$48.8M |
|
618
Newmont
NEM
$139B
| $98.9M | 0.02% |
2,317,352
+1,604,646
| +225% | +$72.8M |
|
619
PUT
Gilead Sciences
GILD
$182B
| $98.8M | 0.02% |
1,282,300
+185,500
| +17% | +$14.8M |
|
620
PUT
Microchip Technology
MCHP
$40.3B
| $98.4M | 0.02% |
1,098,400
+722,800
| +192% | +$57M |
|
621
CALL
Equinix
EQIX
$104B
| $98.4M | 0.02% |
125,500
-700
| -0.6% | -$512K |
|
622
CALL
EQT Corp
EQT
$33.6B
| $97.9M | 0.02% |
2,381,100
-167,600
| -7% | -$5.93M |
|
623
IBM
IBM
$218B
| $97.7M | 0.02% |
730,340
-773,563
| -51% | -$99.8M |
|
624
lululemon athletica
LULU
$13.9B
| $97.4M | 0.02% |
257,217
-91,651
| -26% | -$33.8M |
|
625
CALL
Cheniere Energy
LNG
$58B
| $97.3M | 0.02% |
638,700
-162,700
| -20% | -$24.1M |
|
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.