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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
PUT
Expedia Group
EXPE
$38.6B
| $85.3M | 0.02% |
827,400
+301,800
| +57% | +$33.3M |
|
702
PUT
KB Home
KBH
$3.39B
| $85.2M | 0.02% |
1,840,100
+130,500
| +8% | +$6.63M |
|
703
PUT
US Bancorp
USB
$96.7B
| $85.1M | 0.02% |
2,572,800
-466,500
| -15% | -$17M |
|
704
CALL
Franco-Nevada
FNV
$51.3B
| $84.4M | 0.02% |
632,200
-66,700
| -10% | -$9.43M |
|
705
PUT
Philip Morris
PM
$293B
| $84.1M | 0.02% |
908,600
-21,000
| -2% | -$2.02M |
|
706
Texas Instruments
TXN
$241B
| $84M | 0.02% |
528,435
-101,928
| -16% | -$17.4M |
|
707
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $84M | 0.02% |
1,074,600
-157,700
| -13% | -$13.4M |
|
708
CALL
Seagate
STX
$193B
| $83.9M | 0.02% |
1,272,300
+180,000
| +16% | +$11.6M |
|
|
HES
709
PUT
DELISTED
Hess
HES
| $83.8M | 0.02% |
547,900
-62,500
| -10% | -$9.41M |
|
710
CALL
Vanguard Information Technology ETF
VGT
$145B
| $83.8M | 0.02% |
1,615,200
-337,600
| -17% | -$18.4M |
|
711
PUT
Zillow
Z
$8.07B
| $83.2M | 0.02% |
1,802,800
-130,800
| -7% | -$6.72M |
|
712
PUT
Shell
SHEL
$257B
| $83.1M | 0.02% |
1,291,100
+62,600
| +5% | +$3.9M |
|
713
CALL
Cummins
CMI
$80.9B
| $83M | 0.02% |
363,300
+28,800
| +9% | +$6.95M |
|
714
PUT
Generac Holdings
GNRC
$12.2B
| $82.2M | 0.02% |
754,800
-105,100
| -12% | -$13M |
|
|
FINV
715
FinVolution Group
FINV
$1.03B
| $82.1M | 0.02% |
16,493,362
| – | – |
|
716
CALL
Vertiv
VRT
$101B
| $82M | 0.02% |
2,205,200
+932,400
| +73% | +$30.7M |
|
717
PUT
DexCom
DXCM
$34.8B
| $81.8M | 0.02% |
877,200
+223,200
| +34% | +$25.2M |
|
718
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.9B
| $81.6M | 0.02% |
575,900
+139,900
| +32% | +$20.9M |
|
719
Deere & Co
DE
$175B
| $81.5M | 0.02% |
215,980
+63,185
| +41% | +$26.1M |
|
720
CALL
monday.com
MNDY
$3.84B
| $81.5M | 0.02% |
511,700
+89,500
| +21% | +$15M |
|
721
PUT
Cloudflare
NET
$104B
| $81.3M | 0.02% |
1,290,200
-804,500
| -38% | -$51.5M |
|
722
PUT
Invesco DB US Dollar Index Bullish Fund
UUP
$321M
| $81.2M | 0.02% |
2,731,500
+776,400
| +40% | +$22.3M |
|
723
PUT
iShares Core S&P 500 ETF
IVV
$893B
| $80.9M | 0.02% |
188,300
+36,500
| +24% | +$16.3M |
|
724
CALL
iShares US Home Construction ETF
ITB
$2.27B
| $80.8M | 0.02% |
1,030,000
+360,200
| +54% | +$30.6M |
|
725
CALL
On Holding
ONON
$10B
| $80.7M | 0.02% |
2,900,500
+742,700
| +34% | +$23.5M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.