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 | |
|---|---|---|---|---|---|---|
676
CALL
DraftKings
DKNG
$12.9B
| $87.4M | 0.02% |
3,287,800
-1,333,900
| -29% | -$30.7M |
|
677
ServiceNow
NOW
$132B
| $87M | 0.02% |
774,380
-454,090
| -37% | -$45.4M |
|
678
Mercado Libre
MELI
$98.8B
| $87M | 0.02% |
73,468
+55,988
| +320% | +$70.4M |
|
|
PARA
679
DELISTED
Paramount Global Class B
PARA
| $87M | 0.02% |
5,469,266
+1,949,610
| +55% | +$35.2M |
|
680
Accenture
ACN
$114B
| $86.9M | 0.02% |
281,726
-97,251
| -26% | -$28.3M |
|
681
CALL
Madrigal Pharmaceuticals
MDGL
$11.8B
| $86.8M | 0.02% |
375,700
+124,400
| +50% | +$33.7M |
|
682
PUT
Hershey
HSY
$38.2B
| $86.7M | 0.02% |
347,200
-70,000
| -17% | -$18.4M |
|
683
CALL
Suncor Energy
SU
$78.8B
| $86.5M | 0.02% |
2,951,900
+519,600
| +21% | +$15.5M |
|
684
CALL
Paycom
PAYC
$10.3B
| $86.4M | 0.02% |
268,900
+161,800
| +151% | +$47.7M |
|
685
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.1B
| $86.2M | 0.02% |
1,246,000
-1,081,500
| -46% | -$67.9M |
|
686
CVS Health
CVS
$120B
| $86.2M | 0.02% |
1,246,923
-124,268
| -9% | -$8.84M |
|
687
PUT
Upstart Holdings
UPST
$2.91B
| $86.1M | 0.02% |
2,403,800
+534,700
| +29% | +$12.3M |
|
688
Walmart Inc
WMT
$847B
| $86M | 0.02% |
1,641,489
-1,062,483
| -39% | -$53.6M |
|
689
PUT
NextEra Energy
NEE
$175B
| $86M | 0.02% |
1,158,500
-494,800
| -30% | -$37.5M |
|
690
PUT
W.W. Grainger
GWW
$62.3B
| $85.7M | 0.02% |
108,700
-8,700
| -7% | -$5.99M |
|
691
CALL
Becton Dickinson
BDX
$52B
| $85.5M | 0.02% |
323,700
-38,200
| -11% | -$9.7M |
|
692
CALL
Schwab US Dividend Equity ETF
SCHD
$112B
| $85.3M | 0.02% |
3,524,100
+1,093,200
| +45% | +$26.1M |
|
|
X
693
PUT
DELISTED
US Steel
X
| $85.1M | 0.02% |
3,402,400
+20,700
| +0.6% | +$482K |
|
694
CALL
NXP Semiconductors
NXPI
$56.1B
| $84.8M | 0.02% |
414,200
+122,300
| +42% | +$21.7M |
|
695
Trade Desk
TTD
$6.24B
| $84.7M | 0.02% |
1,097,429
+680,791
| +163% | +$46.1M |
|
696
PUT
Vanguard Morningstar Total Stock Market ETF
VTI
$683B
| $84.4M | 0.02% |
383,200
+101,200
| +36% | +$21.1M |
|
697
PUT
KraneShares CSI China Internet ETF
KWEB
$5.18B
| $84.3M | 0.02% |
3,131,700
+386,200
| +14% | +$10.7M |
|
698
CALL
McKesson
MCK
$102B
| $84.1M | 0.02% |
196,900
-95,100
| -33% | -$36.6M |
|
699
PUT
DexCom
DXCM
$34.4B
| $84M | 0.02% |
654,000
+87,500
| +15% | +$10.6M |
|
700
PUT
Energy Transfer Partners
ET
$72.6B
| $84M | 0.02% |
6,614,100
-1,254,400
| -16% | -$15.9M |
|
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.