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
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
CALL
Deckers Outdoor
DECK
$12.5B
| $64.8M | 0.01% |
864,600
+357,000
| +70% | +$25M |
|
802
CALL
Archer Daniels Midland
ADM
$37.7B
| $64.8M | 0.01% |
813,100
-122,300
| -13% | -$9.99M |
|
803
Air Products & Chemicals
APD
$68.2B
| $64.8M | 0.01% |
225,465
+141,159
| +167% | +$41.2M |
|
804
PUT
iShares Core S&P 500 ETF
IVV
$891B
| $64.7M | 0.01% |
157,500
-24,000
| -13% | -$9.62M |
|
805
PUT
Western Digital
WDC
$157B
| $64.7M | 0.01% |
2,270,930
+131,242
| +6% | +$3.85M |
|
|
806
PUT
Archer Daniels Midland
ADM
$37.7B
| $64.6M | 0.01% |
811,500
+353,200
| +77% | +$28.8M |
|
807
PUT
CF Industries
CF
$19.6B
| $64.6M | 0.01% |
891,700
+73,400
| +9% | +$6M |
|
808
PUT
APA Corp
APA
$15.1B
| $64.6M | 0.01% |
1,791,500
-292,000
| -14% | -$11.7M |
|
809
Baidu
BIDU
$31.3B
| $64.5M | 0.01% |
427,088
-482,399
| -53% | -$68.4M |
|
810
CALL
Norfolk Southern
NSC
$79.3B
| $64.3M | 0.01% |
303,200
-93,200
| -24% | -$21.6M |
|
811
Centene
CNC
$32.4B
| $64.1M | 0.01% |
1,013,462
+800,956
| +377% | +$56.9M |
|
812
CALL
Nice
NICE
$5.87B
| $64M | 0.01% |
279,400
+238,400
| +581% | +$50.1M |
|
813
CALL
WIX.com
WIX
$3.53B
| $63.7M | 0.01% |
638,500
+267,200
| +72% | +$23.5M |
|
814
PUT
Whirlpool
WHR
$2.62B
| $63.4M | 0.01% |
480,500
+241,000
| +101% | +$34.3M |
|
815
Vanguard Real Estate ETF
VNQ
$39.3B
| $63.4M | 0.01% |
763,293
-120,718
| -14% | -$10.4M |
|
816
Ferguson
FERG
$45.7B
| $63.4M | 0.01% |
473,705
+383,036
| +422% | +$53.2M |
|
817
Analog Devices
ADI
$181B
| $63.2M | 0.01% |
320,678
-48,313
| -13% | -$8.66M |
|
|
MRSH
818
Marsh
MRSH
$92.9B
| $63.1M | 0.01% |
379,005
+172,300
| +83% | +$28.7M |
|
819
PUT
BILL Holdings
BILL
$4.8B
| $63.1M | 0.01% |
777,200
+216,700
| +39% | +$20.1M |
|
820
CALL
Autodesk
ADSK
$53.7B
| $62.9M | 0.01% |
302,200
-82,700
| -21% | -$17M |
|
|
821
PUT
Nice
NICE
$5.87B
| $62.9M | 0.01% |
274,700
+209,700
| +323% | +$44M |
|
|
HZNP
822
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $62.3M | 0.01% |
570,700
-435,000
| -43% | -$48.1M |
|
823
CALL
Unilever
UL
$141B
| $62.2M | 0.01% |
1,065,244
+184,888
| +21% | +$10.5M |
|
|
BNY
824
CALL
Bank of New York Mellon
BNY
$110B
| $62M | 0.01% |
1,364,000
+768,300
| +129% | +$37.3M |
|
825
PUT
Advance Auto Parts
AAP
$2.63B
| $61.9M | 0.01% |
509,300
+69,800
| +16% | +$9.77M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.