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 | |
|---|---|---|---|---|---|---|
726
PUT
Etsy
ETSY
$7.99B
| $80.3M | 0.02% |
948,800
-438,900
| -32% | -$41.4M |
|
727
CALL
Colgate-Palmolive
CL
$73.8B
| $80.2M | 0.02% |
1,041,400
-507,400
| -33% | -$39.3M |
|
728
Cheniere Energy
LNG
$58B
| $80.1M | 0.02% |
525,738
-285,192
| -35% | -$42.2M |
|
729
CALL
Warner Bros
WBD
$72B
| $79.4M | 0.02% |
6,335,000
-1,339,300
| -17% | -$17.4M |
|
730
PUT
Okta
OKTA
$22.8B
| $79.1M | 0.02% |
1,141,200
+30,600
| +3% | +$2.32M |
|
731
PUT
Kimberly-Clark
KMB
$37B
| $79.1M | 0.02% |
573,200
-141,500
| -20% | -$19.7M |
|
732
CALL
Upstart Holdings
UPST
$2.91B
| $79.1M | 0.02% |
2,207,700
+74,200
| +3% | +$1.71M |
|
733
PUT
Papa John's
PZZA
$793M
| $79M | 0.02% |
1,069,500
+878,700
| +461% | +$65.2M |
|
734
PUT
JB Hunt Transport Services
JBHT
$24.4B
| $78.7M | 0.02% |
434,500
+96,900
| +29% | +$16.9M |
|
735
CALL
CME Group
CME
$100B
| $78.6M | 0.02% |
424,100
-11,300
| -3% | -$2.09M |
|
736
CALL
Deckers Outdoor
DECK
$12.5B
| $78.5M | 0.02% |
892,200
+27,600
| +3% | +$2.22M |
|
737
PUT
Paycom
PAYC
$10.3B
| $78.4M | 0.02% |
244,200
+151,500
| +163% | +$44.7M |
|
738
PUT
Wayfair
W
$14.1B
| $78.4M | 0.02% |
1,205,500
-546,600
| -31% | -$23M |
|
739
PUT
Marathon Digital Holdings
MARA
$4.32B
| $77.9M | 0.02% |
5,621,100
+2,290,800
| +69% | +$23.1M |
|
|
PARA
740
CALL
DELISTED
Paramount Global Class B
PARA
| $77.8M | 0.02% |
4,889,400
+68,700
| +1% | +$1.24M |
|
741
CALL
Cardinal Health
CAH
$54B
| $77.8M | 0.02% |
822,200
+232,300
| +39% | +$19.6M |
|
742
CALL
Avis
CAR
$5.19B
| $77M | 0.02% |
336,900
+69,500
| +26% | +$12.7M |
|
743
PUT
Nucor
NUE
$55.5B
| $76.6M | 0.02% |
467,000
-432,100
| -48% | -$63.1M |
|
744
CALL
eBay
EBAY
$47.7B
| $76.5M | 0.02% |
1,711,000
+49,200
| +3% | +$2.18M |
|
745
Marvell Technology
MRVL
$206B
| $76.4M | 0.02% |
1,278,505
-230,083
| -15% | -$11.2M |
|
746
FedEx
FDX
$79.1B
| $76.2M | 0.02% |
307,455
-289,832
| -49% | -$66.3M |
|
747
PUT
Eaton
ETN
$159B
| $76.2M | 0.02% |
378,700
+192,600
| +103% | +$33.9M |
|
|
FINV
748
FinVolution Group
FINV
$1.02B
| $75.9M | 0.02% |
16,493,362
| – | – |
|
749
Linde
LIN
$226B
| $75.7M | 0.02% |
198,703
-258,997
| -57% | -$94.6M |
|
750
PUT
argenx
ARGX
$63.3B
| $75.5M | 0.02% |
193,800
+100,100
| +107% | +$39.4M |
|
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.