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 | |
|---|---|---|---|---|---|---|
751
CALL
Duke Energy
DUK
$95.1B
| $75.5M | 0.02% |
840,900
-695,300
| -45% | -$65.6M |
|
752
Tyson Foods
TSN
$20.4B
| $75.1M | 0.02% |
1,471,758
+555,551
| +61% | +$30.2M |
|
753
CALL
Emerson Electric
EMR
$87.9B
| $75.1M | 0.02% |
830,600
-84,200
| -9% | -$7.09M |
|
754
CALL
Digital Realty Trust
DLR
$69.8B
| $75M | 0.02% |
658,700
+220,900
| +50% | +$21.9M |
|
755
CALL
Autodesk
ADSK
$53.7B
| $75M | 0.02% |
366,500
+64,300
| +21% | +$12.9M |
|
756
CALL
Kinder Morgan
KMI
$69B
| $74.9M | 0.02% |
4,350,500
-919,600
| -17% | -$15.6M |
|
757
Lam Research
LRCX
$388B
| $74.9M | 0.02% |
1,165,110
+272,250
| +30% | +$15.3M |
|
758
Strategy Inc
MSTR
$48.7B
| $74.7M | 0.02% |
2,180,130
+1,789,290
| +458% | +$54.2M |
|
759
T-Mobile US
TMUS
$196B
| $74.6M | 0.02% |
536,822
+44,287
| +9% | +$6.22M |
|
760
CALL
iShares Expanded Tech-Software Sector ETF
IGV
$14.1B
| $74.5M | 0.02% |
1,076,500
-735,500
| -41% | -$46.2M |
|
761
PUT
MetLife
MET
$61.1B
| $74.4M | 0.02% |
1,316,100
-213,400
| -14% | -$11.8M |
|
762
PUT
S&P Global
SPGI
$128B
| $74.4M | 0.02% |
185,500
-71,400
| -28% | -$26.1M |
|
763
PUT
Shell
SHEL
$257B
| $74.2M | 0.02% |
1,228,500
+283,500
| +30% | +$17M |
|
764
Union Pacific
UNP
$184B
| $74.2M | 0.02% |
362,382
-127,345
| -26% | -$25.3M |
|
765
CALL
General Dynamics
GD
$104B
| $74M | 0.02% |
343,900
+44,300
| +15% | +$9.56M |
|
766
Energy Transfer Partners
ET
$72.6B
| $73.8M | 0.02% |
5,810,997
-1,499,902
| -21% | -$19M |
|
767
PUT
Boston Scientific
BSX
$71B
| $73.8M | 0.02% |
1,363,800
+411,800
| +43% | +$21.5M |
|
768
CALL
CarMax
KMX
$8.91B
| $73.2M | 0.01% |
875,100
+61,800
| +8% | +$4.52M |
|
769
Colgate-Palmolive
CL
$73.8B
| $72.8M | 0.01% |
945,089
+264,492
| +39% | +$20.5M |
|
770
PUT
Sherwin-Williams
SHW
$84.2B
| $72.8M | 0.01% |
274,000
-24,400
| -8% | -$5.74M |
|
771
United Parcel Service
UPS
$87.4B
| $72.7M | 0.01% |
405,824
-12,285
| -3% | -$2.18M |
|
772
PUT
Hilton Worldwide
HLT
$74.3B
| $72.5M | 0.01% |
498,300
+14,900
| +3% | +$2.12M |
|
773
PUT
Tractor Supply
TSCO
$18.7B
| $72.4M | 0.01% |
1,638,000
+25,500
| +2% | +$1.17M |
|
774
CALL
monday.com
MNDY
$3.98B
| $72.3M | 0.01% |
422,200
+226,400
| +116% | +$33.8M |
|
775
PUT
Warner Bros
WBD
$72B
| $72.2M | 0.01% |
5,760,800
+743,500
| +15% | +$9.65M |
|
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.