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 | |
|---|---|---|---|---|---|---|
726
PUT
Gilead Sciences
GILD
$182B
| $89.8M | 0.02% |
1,108,000
-114,800
| -9% | -$8.93M |
|
727
PUT
J.M. Smucker
SJM
$13.5B
| $89.7M | 0.02% |
709,400
+231,600
| +48% | +$26.8M |
|
728
CALL
iShares Russell 1000 Growth ETF
IWF
$124B
| $89.6M | 0.02% |
1,182,800
-202,800
| -15% | -$14.3M |
|
729
Wells Fargo
WFC
$256B
| $89.2M | 0.02% |
1,813,041
-2,650,531
| -59% | -$114M |
|
730
PUT
Invesco Solar ETF
TAN
$1.25B
| $89.2M | 0.02% |
1,672,100
+1,524,100
| +1,030% | +$71.4M |
|
731
Amgen
AMGN
$240B
| $88.5M | 0.02% |
307,142
-157,073
| -34% | -$42.8M |
|
732
CALL
Aflac
AFL
$59.3B
| $88.1M | 0.02% |
1,068,000
-54,700
| -5% | -$4.41M |
|
|
NVO
733
PUT
Novo Nordisk
NVO
$207B
| $87.9M | 0.02% |
849,600
-411,300
| -33% | -$40.7M |
|
734
CALL
Pultegroup
PHM
$24.7B
| $87.8M | 0.02% |
850,600
+247,000
| +41% | +$21M |
|
735
Coinbase
COIN
$47.4B
| $87.5M | 0.02% |
503,042
+187,295
| +59% | +$20.5M |
|
736
Texas Instruments
TXN
$236B
| $87.4M | 0.02% |
512,746
-15,689
| -3% | -$2.43M |
|
737
CALL
Sarepta Therapeutics
SRPT
$1.92B
| $86.9M | 0.02% |
900,800
+376,500
| +72% | +$36.1M |
|
738
CALL
iShares MSCI Japan ETF
EWJ
$22.4B
| $86.9M | 0.02% |
1,354,200
+883,600
| +188% | +$54M |
|
739
CALL
Riot Platforms
RIOT
$7.51B
| $86.7M | 0.02% |
5,603,600
+2,011,200
| +56% | +$24.3M |
|
740
CALL
ProShares Ultra Bloomberg Natural Gas
BOIL
$407M
| $86.4M | 0.02% |
303,630
-26,960
| -8% | -$12.9M |
|
741
CALL
Norwegian Cruise Line
NCLH
$7.91B
| $86.3M | 0.02% |
4,308,700
+510,700
| +13% | +$8.19M |
|
742
First Solar
FSLR
$22.4B
| $86.2M | 0.02% |
500,492
+347,130
| +226% | +$53.1M |
|
743
CALL
Hershey
HSY
$38.2B
| $86.2M | 0.02% |
462,100
+146,800
| +47% | +$27.8M |
|
744
CALL
Archer Daniels Midland
ADM
$37.7B
| $85.7M | 0.02% |
1,187,300
+194,500
| +20% | +$14.2M |
|
745
PUT
Progressive
PGR
$130B
| $85.6M | 0.02% |
537,200
+128,400
| +31% | +$20.1M |
|
746
CALL
Crown Castle
CCI
$32.5B
| $85.3M | 0.02% |
740,800
+106,000
| +17% | +$10.9M |
|
747
CALL
Vertiv
VRT
$98.2B
| $85.2M | 0.02% |
1,773,500
-431,700
| -20% | -$18.4M |
|
|
B
748
Barrick Mining
B
$79.3B
| $85.1M | 0.02% |
4,703,523
-4,533,343
| -49% | -$74.4M |
|
749
Cigna
CI
$74.1B
| $85M | 0.02% |
283,793
+60,273
| +27% | +$17.6M |
|
750
PUT
Microchip Technology
MCHP
$40.3B
| $85M | 0.02% |
942,300
-161,500
| -15% | -$13.1M |
|
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.