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 | |
|---|---|---|---|---|---|---|
826
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$136M
| $65.7M | 0.01% |
656,900
-61,275
| -9% | -$8.64M |
|
|
WBA
827
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $65.6M | 0.01% |
2,304,300
+418,100
| +22% | +$13.6M |
|
828
PUT
SLB Ltd
SLB
$80.1B
| $65.5M | 0.01% |
1,334,300
-437,400
| -25% | -$20.9M |
|
829
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.9B
| $65.2M | 0.01% |
436,000
+243,300
| +126% | +$35M |
|
830
CALL
Expedia Group
EXPE
$40.2B
| $65.2M | 0.01% |
596,300
+121,600
| +26% | +$11.9M |
|
831
PUT
The Mosaic Company
MOS
$7.53B
| $65.2M | 0.01% |
1,862,500
+355,200
| +24% | +$13.7M |
|
832
Charter Communications
CHTR
$18.4B
| $65M | 0.01% |
177,069
-14,035
| -7% | -$4.79M |
|
833
PUT
Skyworks Solutions
SWKS
$9.51B
| $65M | 0.01% |
587,200
+176,000
| +43% | +$18.6M |
|
834
Moderna
MRNA
$62.2B
| $64.9M | 0.01% |
534,399
+253,789
| +90% | +$33.9M |
|
|
EXE
835
PUT
Expand Energy Corp
EXE
$22.1B
| $64.9M | 0.01% |
775,900
+14,000
| +2% | +$1.12M |
|
836
CALL
Zoetis
ZTS
$31.6B
| $64.7M | 0.01% |
375,900
-55,600
| -13% | -$9.61M |
|
|
NVO
837
PUT
Novo Nordisk
NVO
$213B
| $64.4M | 0.01% |
796,000
+126,800
| +19% | +$10.4M |
|
838
PUT
Clorox
CLX
$12.8B
| $64.3M | 0.01% |
404,500
-176,800
| -30% | -$28.5M |
|
839
Baidu
BIDU
$31.4B
| $64.3M | 0.01% |
469,659
+42,571
| +10% | +$5.57M |
|
840
CALL
APA Corp
APA
$14.7B
| $64.1M | 0.01% |
1,876,800
-151,100
| -7% | -$5.27M |
|
841
Albemarle
ALB
$16B
| $64M | 0.01% |
287,010
+67,313
| +31% | +$13.8M |
|
842
CALL
Western Digital
WDC
$159B
| $63.5M | 0.01% |
2,215,231
+124,229
| +6% | +$3.46M |
|
843
NextEra Energy
NEE
$175B
| $63.4M | 0.01% |
854,680
-555,865
| -39% | -$42.1M |
|
|
MPT
844
PUT
Medical Properties Trust
MPT
$2.47B
| $63.3M | 0.01% |
6,834,300
+3,645,800
| +114% | +$30.8M |
|
845
CALL
Mondelez International
MDLZ
$81.3B
| $63.1M | 0.01% |
865,000
-264,000
| -23% | -$19.5M |
|
846
PUT
Match Group
MTCH
$9.62B
| $63.1M | 0.01% |
1,506,700
+128,200
| +9% | +$4.69M |
|
847
XPeng
XPEV
$10.9B
| $63M | 0.01% |
4,694,399
+3,640,114
| +345% | +$35.9M |
|
848
PUT
Tyson Foods
TSN
$20.2B
| $62.9M | 0.01% |
1,232,200
+225,900
| +22% | +$12.3M |
|
849
Applied Materials
AMAT
$381B
| $62.4M | 0.01% |
431,422
-508,830
| -54% | -$63.7M |
|
850
PUT
Simon Property Group
SPG
$71.3B
| $62.3M | 0.01% |
539,100
-385,800
| -42% | -$42M |
|
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.