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 | |
|---|---|---|---|---|---|---|
626
PUT
Equinix
EQIX
$104B
| $97.3M | 0.02% |
124,100
+15,800
| +15% | +$11.6M |
|
|
PARA
627
PUT
DELISTED
Paramount Global Class B
PARA
| $97.2M | 0.02% |
6,110,100
-1,342,800
| -18% | -$24.3M |
|
628
PUT
Zillow
Z
$8.33B
| $97.2M | 0.02% |
1,933,600
+471,000
| +32% | +$21.7M |
|
629
PUT
Autodesk
ADSK
$53.7B
| $96.9M | 0.02% |
473,600
+106,300
| +29% | +$21.3M |
|
630
CALL
Align Technology
ALGN
$11.3B
| $96.8M | 0.02% |
273,600
-197,700
| -42% | -$63M |
|
631
CALL
Linde
LIN
$226B
| $96.7M | 0.02% |
253,700
-43,400
| -15% | -$15.8M |
|
632
PUT
Unity
U
$20.3B
| $96M | 0.02% |
2,210,000
+526,000
| +31% | +$16.8M |
|
633
PUT
Teck Resources
TECK
$34.4B
| $95.6M | 0.02% |
2,271,700
+1,153,000
| +103% | +$49.5M |
|
634
CALL
Dell
DELL
$280B
| $95.6M | 0.02% |
1,765,900
+1,432,200
| +429% | +$65.9M |
|
635
CALL
Apollo Global Management
APO
$78.4B
| $95.5M | 0.02% |
1,243,900
-287,000
| -19% | -$19.2M |
|
636
AutoZone
AZO
$49.1B
| $95.5M | 0.02% |
38,302
+24,045
| +169% | +$61.3M |
|
637
CALL
Li Auto
LI
$12.2B
| $95.5M | 0.02% |
2,719,600
+462,900
| +21% | +$13M |
|
638
PUT
VanEck Oil Services ETF
OIH
$1.94B
| $95.4M | 0.02% |
331,700
-694,200
| -68% | -$188M |
|
639
PUT
Centene
CNC
$32.4B
| $95M | 0.02% |
1,409,100
+1,082,000
| +331% | +$72.2M |
|
640
Ulta Beauty
ULTA
$23.2B
| $95M | 0.02% |
201,919
+118,125
| +141% | +$57.9M |
|
|
PXD
641
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $94.6M | 0.02% |
456,800
-446,500
| -49% | -$94M |
|
642
CALL
Sherwin-Williams
SHW
$84.2B
| $94.4M | 0.02% |
355,500
+156,900
| +79% | +$36.9M |
|
643
CALL
Transocean
RIG
$6.44B
| $94.2M | 0.02% |
13,439,100
-712,900
| -5% | -$4.41M |
|
644
PUT
Marathon Petroleum
MPC
$102B
| $93.8M | 0.02% |
804,100
-605,000
| -43% | -$70.3M |
|
645
CALL
HCA Healthcare
HCA
$92.9B
| $93.6M | 0.02% |
308,500
+45,900
| +17% | +$12.8M |
|
646
CALL
Enterprise Products Partners
EPD
$82.8B
| $93.4M | 0.02% |
3,543,300
-512,800
| -13% | -$13.4M |
|
647
PUT
Southwest Airlines
LUV
$19.9B
| $93.3M | 0.02% |
2,576,200
-273,000
| -10% | -$8.56M |
|
648
PUT
Williams-Sonoma
WSM
$28B
| $93M | 0.02% |
1,486,000
+355,000
| +31% | +$21.2M |
|
649
CALL
XP
XP
$8.66B
| $92.9M | 0.02% |
3,960,600
+1,502,500
| +61% | +$25.5M |
|
650
Elevance Health
ELV
$87.3B
| $92.8M | 0.02% |
208,849
+65,495
| +46% | +$30.2M |
|
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.