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
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
Alibaba
BABA
$286B
| $1.02B | 0.22% |
9,939,100
+568,700
| +6% | +$57M |
|
52
CALL
UnitedHealth
UNH
$350B
| $1.01B | 0.22% |
2,144,400
+310,400
| +17% | +$150M |
|
53
CALL
Boeing
BA
$169B
| $1.01B | 0.21% |
4,752,200
-1,980,200
| -29% | -$411M |
|
54
CALL
Salesforce
CRM
$171B
| $1.01B | 0.21% |
5,053,000
+1,537,700
| +44% | +$260M |
|
|
55
Meta Platforms (Facebook)
META
$1.4T
| $997M | 0.21% |
4,702,635
-2,763,920
| -37% | -$471M |
|
56
iShares Russell 2000 ETF
IWM
$81.9B
| $990M | 0.21% |
5,551,647
-245,402
| -4% | -$45.2M |
|
|
57
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $962M | 0.2% |
3,116,200
+1,121,300
| +56% | +$346M |
|
58
PUT
Palo Alto Networks
PANW
$292B
| $943M | 0.2% |
9,439,400
-936,000
| -9% | -$79.3M |
|
|
59
PUT
Bank of America
BAC
$431B
| $941M | 0.2% |
32,915,800
+9,241,600
| +39% | +$305M |
|
|
60
Tesla
TSLA
$1.43T
| $934M | 0.2% |
4,501,958
-9,285,198
| -67% | -$1.62B |
|
61
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $928M | 0.2% |
27,170,000
+2,035,000
| +8% | +$63.9M |
|
|
62
PUT
Salesforce
CRM
$171B
| $914M | 0.19% |
4,573,100
+1,664,100
| +57% | +$281M |
|
63
PUT
Goldman Sachs
GS
$303B
| $903M | 0.19% |
2,759,300
+70,700
| +3% | +$24.6M |
|
64
CALL
Walmart Inc
WMT
$825B
| $895M | 0.19% |
18,208,500
+8,757,300
| +93% | +$416M |
|
65
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $883M | 0.19% |
22,378,000
-690,400
| -3% | -$27.5M |
|
66
CALL
First Solar
FSLR
$23B
| $881M | 0.19% |
4,048,900
+778,900
| +24% | +$142M |
|
67
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $873M | 0.19% |
11,551,100
+6,330,300
| +121% | +$474M |
|
68
PUT
Walt Disney
DIS
$186B
| $866M | 0.18% |
8,647,500
-946,400
| -10% | -$95.4M |
|
69
CALL
Broadcom
AVGO
$1.75T
| $864M | 0.18% |
13,470,000
-2,234,000
| -14% | -$134M |
|
70
Booking.com
BKNG
$158B
| $860M | 0.18% |
8,102,850
+1,300,625
| +19% | +$127M |
|
|
71
PUT
Broadcom
AVGO
$1.75T
| $853M | 0.18% |
13,301,000
+3,417,000
| +35% | +$206M |
|
72
CALL
Home Depot
HD
$335B
| $853M | 0.18% |
2,890,800
+542,800
| +23% | +$166M |
|
73
CALL
Adobe
ADBE
$109B
| $846M | 0.18% |
2,196,200
-257,600
| -10% | -$91.6M |
|
|
74
PUT
Boeing
BA
$169B
| $843M | 0.18% |
3,969,300
-1,367,100
| -26% | -$284M |
|
75
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $838M | 0.18% |
1,020,300
+377,900
| +59% | +$285M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.