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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
CALL
iShares Core S&P Small-Cap ETF
IJR
$111B
| $70.7M | 0.01% |
652,800
+458,800
| +236% | +$44.2M |
|
852
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.88B
| $70.5M | 0.01% |
1,647,800
+714,200
| +76% | +$28.6M |
|
853
CALL
Peabody Energy
BTU
$3.4B
| $70.3M | 0.01% |
2,889,500
-1,499,500
| -34% | -$36.2M |
|
854
PUT
Kimberly-Clark
KMB
$37B
| $70.2M | 0.01% |
577,800
+64,900
| +13% | +$7.84M |
|
|
KRTX
855
CALL
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $70M | 0.01% |
221,300
+63,400
| +40% | +$12.3M |
|
|
FISV
856
CALL
Fiserv Inc
FISV
$28.2B
| $69.9M | 0.01% |
526,400
-236,500
| -31% | -$29M |
|
857
CALL
Kroger
KR
$36.2B
| $69.9M | 0.01% |
1,529,300
+5,600
| +0.4% | +$249K |
|
858
CALL
AstraZeneca
AZN
$259B
| $69.8M | 0.01% |
518,550
-536,600
| -51% | -$69.8M |
|
859
CALL
Prologis
PLD
$136B
| $69.8M | 0.01% |
523,900
-21,800
| -4% | -$2.47M |
|
860
PUT
Builders FirstSource
BLDR
$7.56B
| $69.7M | 0.01% |
417,800
-279,500
| -40% | -$37.1M |
|
861
CALL
Becton Dickinson
BDX
$52B
| $69.5M | 0.01% |
285,200
-6,500
| -2% | -$1.6M |
|
862
CALL
Southwest Airlines
LUV
$19.9B
| $69.5M | 0.01% |
2,406,400
+809,300
| +51% | +$21M |
|
863
KLA
KLAC
$237B
| $69.4M | 0.01% |
1,193,620
+195,950
| +20% | +$10.2M |
|
864
CALL
Darden Restaurants
DRI
$25.6B
| $69.1M | 0.01% |
420,300
-230,400
| -35% | -$34.9M |
|
865
PUT
Philip Morris
PM
$298B
| $68.8M | 0.01% |
731,400
-177,200
| -20% | -$16.3M |
|
866
Newmont
NEM
$139B
| $68.7M | 0.01% |
1,660,585
-816,005
| -33% | -$31.5M |
|
867
NextEra Energy
NEE
$175B
| $68.6M | 0.01% |
1,129,757
-1,236,781
| -52% | -$70.5M |
|
868
CALL
Whirlpool
WHR
$2.62B
| $68.4M | 0.01% |
562,000
+228,400
| +68% | +$26.6M |
|
869
CALL
Macy's
M
$6.1B
| $68.3M | 0.01% |
3,392,300
+590,600
| +21% | +$8.55M |
|
870
Thermo Fisher Scientific
TMO
$232B
| $68.2M | 0.01% |
128,436
-73,184
| -36% | -$35.4M |
|
871
PUT
Live Nation Entertainment
LYV
$43B
| $68M | 0.01% |
726,900
+275,200
| +61% | +$23.7M |
|
872
Marathon Petroleum
MPC
$102B
| $67.9M | 0.01% |
457,502
-266,966
| -37% | -$39.6M |
|
873
CALL
CarMax
KMX
$8.91B
| $67.7M | 0.01% |
882,600
+71,800
| +9% | +$4.83M |
|
874
CALL
APA Corp
APA
$15.1B
| $67.7M | 0.01% |
1,887,000
-355,000
| -16% | -$13.4M |
|
875
PUT
WIX.com
WIX
$3.53B
| $67.4M | 0.01% |
547,800
-57,500
| -9% | -$5.55M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.