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 | |
|---|---|---|---|---|---|---|
801
CALL
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$6.82B
| $69.2M | 0.01% |
768,900
-874,400
| -53% | -$67.8M |
|
802
PUT
Caesars Entertainment
CZR
$6.04B
| $69.2M | 0.01% |
1,357,300
+558,100
| +70% | +$25.3M |
|
803
PUT
Carvana
CVNA
$79.5B
| $69.1M | 0.01% |
13,333,000
+1,789,000
| +15% | +$4.96M |
|
804
CALL
Wheaton Precious Metals
WPM
$72.8B
| $69.1M | 0.01% |
1,598,400
-1,365,400
| -46% | -$64.9M |
|
|
WWE
805
PUT
DELISTED
World Wrestling Entertainment
WWE
| $69.1M | 0.01% |
636,700
+31,200
| +5% | +$3.23M |
|
806
CALL
Western Alliance Bancorporation
WAL
$8.55B
| $68.9M | 0.01% |
1,888,400
+942,200
| +100% | +$32.7M |
|
807
Dollar General
DG
$27.6B
| $68.7M | 0.01% |
404,710
+237,056
| +141% | +$46.9M |
|
808
CALL
Nice
NICE
$5.87B
| $68.6M | 0.01% |
332,400
+53,000
| +19% | +$10.9M |
|
809
CALL
Fidelity National Information Services
FIS
$21.4B
| $68.3M | 0.01% |
1,248,200
+26,300
| +2% | +$1.45M |
|
810
CALL
Scorpio Tankers
STNG
$3.92B
| $68.1M | 0.01% |
1,442,500
+202,600
| +16% | +$10M |
|
811
PUT
iShares Core S&P 500 ETF
IVV
$891B
| $67.7M | 0.01% |
151,800
-5,700
| -4% | -$2.4M |
|
812
CALL
Seagate
STX
$180B
| $67.6M | 0.01% |
1,092,300
-290,000
| -21% | -$17.7M |
|
813
CALL
PPG Industries
PPG
$25.2B
| $67.4M | 0.01% |
454,800
+62,600
| +16% | +$8.74M |
|
814
Dow Inc
DOW
$22.7B
| $67.2M | 0.01% |
1,262,558
+344,843
| +38% | +$18.3M |
|
815
PUT
Veeva Systems
VEEV
$40.4B
| $67M | 0.01% |
338,800
+87,100
| +35% | +$15.9M |
|
816
PUT
Altria Group
MO
$114B
| $66.9M | 0.01% |
1,476,300
-1,252,300
| -46% | -$56.7M |
|
817
PUT
Vanguard Information Technology ETF
VGT
$143B
| $66.9M | 0.01% |
1,209,600
+458,400
| +61% | +$23M |
|
818
CALL
Vanguard Dividend Appreciation ETF
VIG
$114B
| $66.8M | 0.01% |
411,100
+109,000
| +36% | +$17.1M |
|
819
PUT
Hasbro
HAS
$13.5B
| $66.5M | 0.01% |
1,027,200
+116,700
| +13% | +$6.81M |
|
820
Cisco
CSCO
$434B
| $66.2M | 0.01% |
1,278,523
-1,013,905
| -44% | -$49.9M |
|
821
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.2B
| $66.1M | 0.01% |
890,900
-1,484,500
| -62% | -$111M |
|
822
Intuit
INTU
$101B
| $66M | 0.01% |
144,077
-129,401
| -47% | -$56.7M |
|
823
PUT
SoFi Technologies
SOFI
$23.6B
| $65.9M | 0.01% |
7,904,900
-1,921,000
| -20% | -$12.5M |
|
824
CALL
iShares Russell 1000 Value ETF
IWD
$84.3B
| $65.9M | 0.01% |
417,400
+256,500
| +159% | +$39.2M |
|
825
Waste Management
WM
$90.5B
| $65.8M | 0.01% |
379,590
-65,672
| -15% | -$10.9M |
|
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.