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 | |
|---|---|---|---|---|---|---|
701
CALL
Waste Management
WM
$90.5B
| $84M | 0.02% |
484,100
-540,700
| -53% | -$89.4M |
|
702
ConocoPhillips
COP
$160B
| $83.6M | 0.02% |
806,619
+50,428
| +7% | +$5.18M |
|
703
CALL
Hershey
HSY
$38.2B
| $83.5M | 0.02% |
334,600
-241,000
| -42% | -$63.2M |
|
704
PUT
Builders FirstSource
BLDR
$7.56B
| $83.2M | 0.02% |
611,400
+146,700
| +32% | +$16.3M |
|
|
HES
705
PUT
DELISTED
Hess
HES
| $83M | 0.02% |
610,400
+69,300
| +13% | +$9.48M |
|
706
ARK Innovation ETF
ARKK
$6.41B
| $82.7M | 0.02% |
1,873,941
-3,651,360
| -66% | -$145M |
|
707
CALL
Aflac
AFL
$59.3B
| $82.5M | 0.02% |
1,181,800
+415,400
| +54% | +$27.8M |
|
708
CALL
iShares Gold Trust
IAU
$69B
| $82.4M | 0.02% |
2,264,300
-218,500
| -9% | -$8.19M |
|
709
PUT
EOG Resources
EOG
$78.8B
| $82.3M | 0.02% |
718,900
-56,600
| -7% | -$6.46M |
|
710
Cigna
CI
$74.1B
| $82.3M | 0.02% |
293,177
-24,314
| -8% | -$6.33M |
|
711
Bristol-Myers Squibb
BMY
$137B
| $82.1M | 0.02% |
1,284,246
-263,187
| -17% | -$17.6M |
|
712
CALL
Cummins
CMI
$78.7B
| $82M | 0.02% |
334,500
+31,000
| +10% | +$7.02M |
|
713
CALL
Cleveland-Cliffs
CLF
$6.45B
| $81.7M | 0.02% |
4,877,300
+656,400
| +16% | +$10.4M |
|
714
CALL
Coupang
CPNG
$29.6B
| $81.5M | 0.02% |
4,682,200
+858,000
| +22% | +$14M |
|
715
PUT
Norwegian Cruise Line
NCLH
$7.91B
| $81.3M | 0.02% |
3,736,000
-455,300
| -11% | -$6.97M |
|
716
PUT
Constellation Brands
STZ
$23.5B
| $81.2M | 0.02% |
330,000
-535,400
| -62% | -$125M |
|
717
PUT
NXP Semiconductors
NXPI
$56.1B
| $81.2M | 0.02% |
396,600
-50,000
| -11% | -$8.89M |
|
718
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.29B
| $81.1M | 0.02% |
2,297,900
+1,876,500
| +445% | +$58.8M |
|
719
CALL
Kraft Heinz
KHC
$30.4B
| $80.9M | 0.02% |
2,279,900
-588,300
| -21% | -$22.6M |
|
720
PUT
Wingstop
WING
$3.18B
| $80.9M | 0.02% |
404,200
+228,500
| +130% | +$44.7M |
|
721
CALL
BHP
BHP
$247B
| $80.7M | 0.02% |
1,352,400
-104,100
| -7% | -$6.21M |
|
|
722
EOG Resources
EOG
$78.8B
| $80.6M | 0.02% |
704,601
-67,202
| -9% | -$7.67M |
|
723
CALL
Microchip Technology
MCHP
$40.3B
| $80.6M | 0.02% |
899,600
+389,200
| +76% | +$30.7M |
|
724
CALL
Dick's Sporting Goods
DKS
$16.1B
| $80.5M | 0.02% |
608,600
-170,700
| -22% | -$23.4M |
|
725
PUT
Phillips 66
PSX
$96.5B
| $80.4M | 0.02% |
843,300
+243,900
| +41% | +$23.7M |
|
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.