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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $1.4B | 0.27% |
30,640,000
+4,400,000
| +17% | +$183M |
|
52
CALL
Citigroup
C
$221B
| $1.38B | 0.26% |
26,855,100
+10,419,900
| +63% | +$461M |
|
53
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.29B | 0.25% |
3,421,400
-753,200
| -18% | -$263M |
|
54
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $1.24B | 0.24% |
16,498,700
+2,269,200
| +16% | +$160M |
|
55
Apple
AAPL
$4.51T
| $1.24B | 0.24% |
6,444,803
-3,279,471
| -34% | -$606M |
|
56
Tesla
TSLA
$1.43T
| $1.21B | 0.23% |
4,873,407
+527,008
| +12% | +$125M |
|
57
CALL
RTX Corp
RTX
$283B
| $1.2B | 0.23% |
14,254,000
+10,725,300
| +304% | +$849M |
|
58
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.19B | 0.23% |
29,694,300
+5,408,800
| +22% | +$209M |
|
59
CALL
Coinbase
COIN
$49.2B
| $1.19B | 0.23% |
6,830,000
+2,262,900
| +50% | +$247M |
|
60
PUT
Boeing
BA
$169B
| $1.15B | 0.22% |
4,397,000
+707,400
| +19% | +$151M |
|
61
CALL
JPMorgan Chase
JPM
$935B
| $1.14B | 0.22% |
6,678,000
-50,500
| -0.8% | -$7.65M |
|
62
PUT
Eli Lilly
LLY
$1.12T
| $1.13B | 0.22% |
1,942,500
+268,900
| +16% | +$157M |
|
|
63
iShares Russell 2000 ETF
IWM
$81.9B
| $1.12B | 0.21% |
5,565,607
+1,782,969
| +47% | +$319M |
|
64
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.1B | 0.21% |
14,208,900
+738,700
| +5% | +$55.1M |
|
|
65
CALL
Eli Lilly
LLY
$1.12T
| $1.09B | 0.21% |
1,866,900
-42,700
| -2% | -$24.9M |
|
66
CALL
Pinduoduo
PDD
$126B
| $1.08B | 0.21% |
7,405,400
+1,225,600
| +20% | +$149M |
|
67
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $1.08B | 0.21% |
25,843,800
-2,866,000
| -10% | -$123M |
|
|
68
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.03B | 0.2% |
25,604,200
+6,040,700
| +31% | +$233M |
|
|
69
PUT
Alibaba
BABA
$286B
| $1.02B | 0.19% |
13,200,000
+4,376,400
| +50% | +$349M |
|
70
CALL
ExxonMobil
XOM
$679B
| $1.02B | 0.19% |
10,228,700
-803,600
| -7% | -$84.5M |
|
71
PUT
Goldman Sachs
GS
$303B
| $1.01B | 0.19% |
2,626,400
+181,800
| +7% | +$60.7M |
|
|
72
CALL
Alibaba
BABA
$286B
| $992M | 0.19% |
12,803,100
+3,361,100
| +36% | +$268M |
|
73
CALL
Walmart Inc
WMT
$825B
| $967M | 0.18% |
18,400,500
+2,939,700
| +19% | +$156M |
|
74
PUT
lululemon athletica
LULU
$13.7B
| $966M | 0.18% |
1,890,100
+766,800
| +68% | +$331M |
|
75
PUT
Home Depot
HD
$335B
| $931M | 0.18% |
2,687,300
+705,600
| +36% | +$219M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.