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 | |
|---|---|---|---|---|---|---|
51
PUT
Palo Alto Networks
PANW
$292B
| $1.18B | 0.24% |
10,026,600
-5,600
| -0.1% | -$663K |
|
52
CALL
UnitedHealth
UNH
$350B
| $1.14B | 0.24% |
2,261,200
+186,300
| +9% | +$91.7M |
|
53
CALL
Costco
COST
$420B
| $1.13B | 0.24% |
1,998,800
+380,500
| +24% | +$210M |
|
54
PUT
Adobe
ADBE
$109B
| $1.13B | 0.23% |
2,211,000
-462,700
| -17% | -$243M |
|
55
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.1B | 0.23% |
12,372,590
+4,745,698
| +62% | +$456M |
|
56
Tesla
TSLA
$1.43T
| $1.09B | 0.23% |
4,346,399
+603,898
| +16% | +$155M |
|
57
CALL
Eli Lilly
LLY
$1.12T
| $1.03B | 0.21% |
1,909,600
+343,900
| +22% | +$177M |
|
58
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $993M | 0.21% |
13,470,200
+5,116,200
| +61% | +$382M |
|
|
59
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $981M | 0.2% |
14,229,500
+506,300
| +4% | +$36.3M |
|
60
CALL
JPMorgan Chase
JPM
$935B
| $976M | 0.2% |
6,728,500
-1,072,400
| -14% | -$161M |
|
|
61
PUT
JPMorgan Chase
JPM
$935B
| $972M | 0.2% |
6,703,500
-1,151,100
| -15% | -$173M |
|
62
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $961M | 0.2% |
26,240,000
-265,000
| -1% | -$10.3M |
|
63
CALL
Boeing
BA
$169B
| $956M | 0.2% |
4,989,700
+643,600
| +15% | +$141M |
|
64
PUT
Citigroup
C
$221B
| $924M | 0.19% |
22,455,000
+1,531,300
| +7% | +$67.2M |
|
65
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $922M | 0.19% |
24,285,500
+2,839,400
| +13% | +$112M |
|
66
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $916M | 0.19% |
20,265,400
+8,218,600
| +68% | +$360M |
|
67
CALL
Chevron
CVX
$403B
| $905M | 0.19% |
5,364,700
+1,642,500
| +44% | +$265M |
|
|
68
PUT
Eli Lilly
LLY
$1.12T
| $899M | 0.19% |
1,673,600
-163,400
| -9% | -$84.2M |
|
69
CALL
Visa
V
$693B
| $878M | 0.18% |
3,817,500
+366,100
| +11% | +$88M |
|
70
CALL
Walmart Inc
WMT
$825B
| $824M | 0.17% |
15,460,800
+4,360,500
| +39% | +$232M |
|
71
CALL
Alibaba
BABA
$286B
| $819M | 0.17% |
9,442,000
-262,600
| -3% | -$24M |
|
72
PUT
ExxonMobil
XOM
$679B
| $813M | 0.17% |
6,916,900
+649,500
| +10% | +$71.2M |
|
73
PUT
Goldman Sachs
GS
$303B
| $791M | 0.16% |
2,444,600
-182,200
| -7% | -$60.9M |
|
74
PUT
TSMC
TSM
$2.17T
| $789M | 0.16% |
9,080,300
+3,626,300
| +66% | +$343M |
|
|
75
CALL
Goldman Sachs
GS
$303B
| $787M | 0.16% |
2,432,300
+420,600
| +21% | +$141M |
|
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.