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 | |
|---|---|---|---|---|---|---|
851
PUT
APA Corp
APA
$15.1B
| $62.2M | 0.01% |
1,821,300
+29,800
| +2% | +$1.04M |
|
852
CALL
Burlington
BURL
$20.8B
| $62.2M | 0.01% |
395,100
+41,900
| +12% | +$7.19M |
|
|
FL
853
PUT
DELISTED
Foot Locker
FL
| $62.2M | 0.01% |
2,292,700
+1,795,200
| +361% | +$61.1M |
|
854
CALL
Sarepta Therapeutics
SRPT
$1.92B
| $62M | 0.01% |
541,600
+25,000
| +5% | +$3.22M |
|
855
Deere & Co
DE
$175B
| $61.9M | 0.01% |
152,795
-92,511
| -38% | -$35.4M |
|
856
Cleveland-Cliffs
CLF
$6.45B
| $61.8M | 0.01% |
3,689,222
+1,343,188
| +57% | +$21.3M |
|
857
Delta Air Lines
DAL
$54.2B
| $61.7M | 0.01% |
1,297,271
-1,303,167
| -50% | -$48.1M |
|
858
PUT
Helen of Troy
HELE
$666M
| $61.6M | 0.01% |
570,300
+205,300
| +56% | +$19.7M |
|
859
RTX Corp
RTX
$282B
| $61.5M | 0.01% |
628,037
-331,788
| -35% | -$32.5M |
|
860
CALL
Vanguard High Dividend Yield ETF
VYM
$83.2B
| $61.4M | 0.01% |
579,300
+123,200
| +27% | +$12.9M |
|
861
Valero Energy
VLO
$99.6B
| $61.4M | 0.01% |
523,618
+116,055
| +28% | +$13.5M |
|
862
Vertex Pharmaceuticals
VRTX
$139B
| $61.3M | 0.01% |
174,286
-71,067
| -29% | -$23.9M |
|
863
CALL
Akamai
AKAM
$15.2B
| $61.3M | 0.01% |
682,300
+139,400
| +26% | +$11.9M |
|
864
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.53B
| $61.2M | 0.01% |
1,331,600
-858,900
| -39% | -$39.1M |
|
865
CALL
PG&E
PCG
$39.9B
| $61.2M | 0.01% |
3,542,900
+1,055,900
| +42% | +$17.9M |
|
866
Freeport-McMoran
FCX
$112B
| $61.1M | 0.01% |
1,526,726
+114,203
| +8% | +$4.35M |
|
867
Li Auto
LI
$12.2B
| $60.9M | 0.01% |
1,736,207
+668,897
| +63% | +$18.8M |
|
868
PUT
ProShares Bitcoin Strategy ETF
BITO
$1.74B
| $60.9M | 0.01% |
3,585,100
-1,401,200
| -28% | -$22.7M |
|
869
Inspire Medical Systems
INSP
$1.78B
| $60.9M | 0.01% |
187,490
+158,390
| +544% | +$45.3M |
|
870
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $60.8M | 0.01% |
126,997
+87,745
| +224% | +$39.9M |
|
871
CALL
Ferrari
RACE
$74.6B
| $60.7M | 0.01% |
186,800
-14,200
| -7% | -$4.14M |
|
872
CALL
Canadian Natural Resources
CNQ
$104B
| $60.5M | 0.01% |
2,151,400
+244,200
| +13% | +$6.97M |
|
873
Fortinet
FTNT
$112B
| $60.4M | 0.01% |
798,917
+341,350
| +75% | +$23.2M |
|
874
Crocs
CROX
$6.03B
| $60.2M | 0.01% |
535,352
+459,259
| +604% | +$54.7M |
|
875
PUT
Enovix
ENVX
$718M
| $60M | 0.01% |
3,803,543
+1,092,229
| +40% | +$12.7M |
|
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.