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 | |
|---|---|---|---|---|---|---|
876
CALL
LyondellBasell Industries
LYB
$21.1B
| $59.9M | 0.01% |
652,700
+129,000
| +25% | +$11.8M |
|
877
CALL
e.l.f. Beauty
ELF
$6.25B
| $59.9M | 0.01% |
524,000
+338,300
| +182% | +$32.6M |
|
878
Caterpillar
CAT
$373B
| $59.7M | 0.01% |
242,650
-288,323
| -54% | -$64.3M |
|
879
CALL
AB InBev
BUD
$156B
| $59.6M | 0.01% |
1,050,900
+472,500
| +82% | +$28.6M |
|
|
FISV
880
Fiserv Inc
FISV
$28.2B
| $59.6M | 0.01% |
472,065
+32,427
| +7% | +$3.82M |
|
881
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $59.4M | 0.01% |
594,375
-86,300
| -13% | -$12.2M |
|
882
PUT
Monolithic Power Systems
MPWR
$63.2B
| $59.4M | 0.01% |
109,900
+53,900
| +96% | +$25.6M |
|
|
EXAS
883
CALL
DELISTED
Exact Sciences
EXAS
| $59.3M | 0.01% |
631,900
+161,300
| +34% | +$12.6M |
|
884
CALL
The Mosaic Company
MOS
$7.63B
| $59.3M | 0.01% |
1,695,000
+436,900
| +35% | +$16.9M |
|
885
CALL
Crown Castle
CCI
$32.5B
| $59.1M | 0.01% |
518,400
-81,700
| -14% | -$9.72M |
|
886
PUT
On Holding
ONON
$9.86B
| $58.9M | 0.01% |
1,785,800
+592,300
| +50% | +$18M |
|
887
CALL
iShares TIPS Bond ETF
TIP
$15B
| $58.7M | 0.01% |
545,600
-361,800
| -40% | -$39.4M |
|
888
CALL
Direxion Daily 20+ Year Treasury Bear 3X ETF
TMV
$200M
| $58.7M | 0.01% |
2,027,600
+1,028,400
| +103% | +$29.4M |
|
889
GE Aerospace
GE
$355B
| $58.6M | 0.01% |
668,318
-734,847
| -52% | -$59.5M |
|
890
CALL
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.29B
| $58.6M | 0.01% |
1,660,100
+659,400
| +66% | +$20.7M |
|
891
Mondelez International
MDLZ
$82.6B
| $58.4M | 0.01% |
800,767
-239,087
| -23% | -$17.7M |
|
892
Warner Bros
WBD
$72B
| $58.4M | 0.01% |
4,655,741
+1,039,295
| +29% | +$13.5M |
|
893
PUT
monday.com
MNDY
$3.98B
| $58.1M | 0.01% |
339,200
+215,500
| +174% | +$32.2M |
|
894
PUT
Western Digital
WDC
$157B
| $58M | 0.01% |
2,024,058
-246,872
| -11% | -$6.87M |
|
|
895
CALL
Monolithic Power Systems
MPWR
$63.2B
| $57.9M | 0.01% |
107,200
+11,200
| +12% | +$5.32M |
|
896
CALL
Caesars Entertainment
CZR
$6.04B
| $57.8M | 0.01% |
1,134,900
-401,700
| -26% | -$18.2M |
|
897
CALL
Southern Company
SO
$104B
| $57.8M | 0.01% |
822,500
-546,500
| -40% | -$39.2M |
|
898
CALL
Southwest Airlines
LUV
$19.9B
| $57.8M | 0.01% |
1,595,100
+471,400
| +42% | +$14.8M |
|
899
Chipotle Mexican Grill
CMG
$48.1B
| $57.6M | 0.01% |
1,346,800
+85,450
| +7% | +$3.38M |
|
900
PUT
Expedia Group
EXPE
$40.7B
| $57.5M | 0.01% |
525,600
-283,400
| -35% | -$27.8M |
|
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.