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
651
DELISTED
Alteryx Inc
AYX
| $92.6M | 0.02% |
2,038,590
-980,406
| -32% | -$42.9M |
|
652
CALL
Archer Daniels Midland
ADM
$37.7B
| $91.8M | 0.02% |
1,214,700
+401,600
| +49% | +$30.4M |
|
653
PUT
ON Semiconductor
ON
$28B
| $91M | 0.02% |
962,400
-952,500
| -50% | -$78.8M |
|
654
Northrop Grumman
NOC
$78B
| $90.8M | 0.02% |
199,314
-2,729
| -1% | -$1.24M |
|
655
PUT
Philip Morris
PM
$298B
| $90.7M | 0.02% |
929,600
-45,500
| -5% | -$4.35M |
|
656
PUT
TransDigm Group
TDG
$66.3B
| $90.7M | 0.02% |
101,400
+2,600
| +3% | +$2.06M |
|
657
Enphase Energy
ENPH
$4.91B
| $90.6M | 0.02% |
540,995
+252,704
| +88% | +$45.2M |
|
658
PUT
Automatic Data Processing
ADP
$112B
| $90.6M | 0.02% |
412,100
-299,700
| -42% | -$64.6M |
|
659
Payoneer
PAYO
$2.41B
| $90.5M | 0.02% |
18,819,651
| – | – |
|
660
CALL
C3.ai
AI
$1.57B
| $90.5M | 0.02% |
2,483,300
+129,700
| +6% | +$3.65M |
|
661
CALL
Zillow
Z
$8.33B
| $90.3M | 0.02% |
1,795,800
+438,800
| +32% | +$20.2M |
|
662
CALL
DexCom
DXCM
$34.4B
| $90M | 0.02% |
700,700
+367,900
| +111% | +$44.5M |
|
663
CALL
US Bancorp
USB
$97.3B
| $90M | 0.02% |
2,724,300
+918,900
| +51% | +$29.7M |
|
664
CALL
SLB Ltd
SLB
$80.1B
| $89.3M | 0.02% |
1,817,200
-1,318,900
| -42% | -$62.9M |
|
665
CALL
Capital One
COF
$133B
| $89M | 0.02% |
813,500
+254,400
| +46% | +$25.5M |
|
|
WBA
666
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $88.8M | 0.02% |
3,116,700
-142,100
| -4% | -$4.63M |
|
|
FISV
667
PUT
Fiserv Inc
FISV
$28.2B
| $88.4M | 0.02% |
700,800
-297,500
| -30% | -$35M |
|
668
PUT
KB Home
KBH
$3.41B
| $88.4M | 0.02% |
1,709,600
-178,700
| -9% | -$8.06M |
|
669
PUT
GitLab
GTLB
$7.1B
| $88.4M | 0.02% |
1,729,500
+575,100
| +50% | +$21.4M |
|
670
CALL
AstraZeneca
AZN
$259B
| $88.2M | 0.02% |
616,400
+112,900
| +22% | +$16.6M |
|
671
Neogen
NEOG
$2.53B
| $88M | 0.02% |
4,047,735
-780,461
| -16% | -$14.1M |
|
|
CTRA
672
CALL
DELISTED
Coterra Energy
CTRA
| $87.9M | 0.02% |
3,472,900
+80,200
| +2% | +$1.99M |
|
673
PUT
Norfolk Southern
NSC
$79.3B
| $87.7M | 0.02% |
386,900
+64,300
| +20% | +$13.7M |
|
674
CALL
iShares Russell 1000 Growth ETF
IWF
$124B
| $87.6M | 0.02% |
1,273,200
+368,800
| +41% | +$23.5M |
|
675
PUT
Pool Corp
POOL
$6.84B
| $87.4M | 0.02% |
233,300
+101,000
| +76% | +$34.5M |
|
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.