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 | |
|---|---|---|---|---|---|---|
626
CALL
iShares Gold Trust
IAU
$69B
| $112M | 0.02% |
2,860,700
-597,700
| -17% | -$22.4M |
|
627
PUT
Twilio
TWLO
$34.2B
| $112M | 0.02% |
1,471,600
-40,100
| -3% | -$2.5M |
|
628
CALL
Zillow
Z
$8.33B
| $111M | 0.02% |
1,920,500
+346,500
| +22% | +$15.3M |
|
629
PUT
Alpha Metallurgical Resources
AMR
$2.66B
| $110M | 0.02% |
326,000
+97,700
| +43% | +$25.7M |
|
630
Merck
MRK
$372B
| $110M | 0.02% |
1,012,116
-497,369
| -33% | -$51.6M |
|
631
CALL
Waste Management
WM
$90.5B
| $110M | 0.02% |
614,800
-79,000
| -11% | -$13.2M |
|
632
CALL
Emerson Electric
EMR
$87.9B
| $110M | 0.02% |
1,130,200
+59,600
| +6% | +$5.46M |
|
633
PUT
e.l.f. Beauty
ELF
$6.25B
| $110M | 0.02% |
758,800
+163,000
| +27% | +$18.8M |
|
634
CALL
State Street SPDR S&P Retail ETF
XRT
$329M
| $109M | 0.02% |
1,512,400
+450,200
| +42% | +$28.6M |
|
635
KraneShares CSI China Internet ETF
KWEB
$5.18B
| $109M | 0.02% |
4,049,378
+3,368,083
| +494% | +$91.3M |
|
636
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $109M | 0.02% |
1,142,100
+234,900
| +26% | +$19.1M |
|
637
PUT
Sea Limited
SE
$70.9B
| $109M | 0.02% |
2,691,100
-316,400
| -11% | -$12.9M |
|
638
McDonald's
MCD
$193B
| $108M | 0.02% |
365,061
-118,675
| -25% | -$32.3M |
|
639
PUT
Take-Two Interactive
TTWO
$43.7B
| $108M | 0.02% |
669,300
-428,900
| -39% | -$64M |
|
640
Qualcomm
QCOM
$166B
| $107M | 0.02% |
741,337
-434,620
| -37% | -$53.8M |
|
641
PUT
SoFi Technologies
SOFI
$23.6B
| $107M | 0.02% |
10,727,200
+2,072,800
| +24% | +$16.5M |
|
642
CALL
Arm
ARM
$255B
| $106M | 0.02% |
1,407,800
+131,200
| +10% | +$7.67M |
|
643
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $106M | 0.02% |
208,500
-38,600
| -16% | -$17.9M |
|
644
CALL
US Bancorp
USB
$97.3B
| $106M | 0.02% |
2,442,800
-591,700
| -19% | -$21.6M |
|
645
PUT
Riot Platforms
RIOT
$7.51B
| $106M | 0.02% |
6,828,800
+1,261,500
| +23% | +$15.2M |
|
646
PUT
Tyson Foods
TSN
$20.4B
| $106M | 0.02% |
1,963,300
+744,100
| +61% | +$36.1M |
|
647
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $105M | 0.02% |
1,448,200
+406,800
| +39% | +$28M |
|
648
CALL
Cummins
CMI
$78.7B
| $105M | 0.02% |
438,700
+75,400
| +21% | +$17.1M |
|
649
PUT
Clorox
CLX
$13B
| $105M | 0.02% |
736,300
+162,800
| +28% | +$21.7M |
|
650
PUT
Snap
SNAP
$9.35B
| $105M | 0.02% |
6,198,100
-4,835,000
| -44% | -$59.3M |
|
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.