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 | |
|---|---|---|---|---|---|---|
876
American Homes 4 Rent
AMH
$12.5B
| $67.2M | 0.01% |
1,869,141
+1,240,180
| +197% | +$43.3M |
|
877
PUT
Halliburton
HAL
$28.9B
| $67M | 0.01% |
1,854,300
+314,500
| +20% | +$12.1M |
|
878
CALL
Chubb
CB
$133B
| $66.9M | 0.01% |
296,200
-33,000
| -10% | -$7.22M |
|
|
EXE
879
CALL
Expand Energy Corp
EXE
$22.3B
| $66.9M | 0.01% |
869,900
-878,800
| -50% | -$72.2M |
|
880
lululemon athletica
LULU
$13.9B
| $66.8M | 0.01% |
130,668
-31,824
| -20% | -$13.7M |
|
881
Starbucks
SBUX
$123B
| $66.5M | 0.01% |
692,743
+191,273
| +38% | +$18.6M |
|
882
Lam Research
LRCX
$388B
| $66.4M | 0.01% |
848,090
+28,150
| +3% | +$1.92M |
|
883
CALL
NetApp
NTAP
$36.7B
| $66.4M | 0.01% |
753,100
+328,000
| +77% | +$26.4M |
|
884
CALL
Builders FirstSource
BLDR
$7.56B
| $66.4M | 0.01% |
397,600
-133,400
| -25% | -$17.7M |
|
885
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$243M
| $66.4M | 0.01% |
1,283,800
-154,600
| -11% | -$7.12M |
|
886
State Street Health Care Select Sector SPDR ETF
XLV
$45.4B
| $66.1M | 0.01% |
484,941
-8,492
| -2% | -$1.1M |
|
887
PUT
Avis
CAR
$5.19B
| $66.1M | 0.01% |
372,700
+62,200
| +20% | +$11.3M |
|
888
CALL
KKR & Co
KKR
$96.3B
| $66M | 0.01% |
796,700
-263,500
| -25% | -$17.8M |
|
889
Cummins
CMI
$78.7B
| $65.9M | 0.01% |
274,980
+129,177
| +89% | +$29.4M |
|
890
CALL
XPeng
XPEV
$10.7B
| $65.5M | 0.01% |
4,486,200
-505,200
| -10% | -$8.03M |
|
891
CALL
Match Group
MTCH
$9.58B
| $65.3M | 0.01% |
1,789,200
+197,800
| +12% | +$6.68M |
|
892
CALL
eBay
EBAY
$47.7B
| $65M | 0.01% |
1,489,500
-519,900
| -26% | -$21.5M |
|
893
PUT
Sherwin-Williams
SHW
$84.2B
| $64.6M | 0.01% |
207,100
+50,900
| +33% | +$13.7M |
|
894
CALL
Realty Income
O
$59.8B
| $64.6M | 0.01% |
1,124,400
+841,000
| +297% | +$44.1M |
|
895
CALL
Global Payments
GPN
$25B
| $64.3M | 0.01% |
506,200
-168,400
| -25% | -$19.5M |
|
896
Phillips 66
PSX
$96.5B
| $64.3M | 0.01% |
482,702
-70,632
| -13% | -$8.44M |
|
897
Norfolk Southern
NSC
$79.3B
| $64.3M | 0.01% |
271,871
+176,310
| +184% | +$36.9M |
|
898
T-Mobile US
TMUS
$196B
| $63.8M | 0.01% |
397,842
-508,023
| -56% | -$75.2M |
|
899
PUT
Generac Holdings
GNRC
$12B
| $63.8M | 0.01% |
493,500
-261,300
| -35% | -$28.7M |
|
900
PUT
Novartis
NVS
$300B
| $63.8M | 0.01% |
631,400
+143,500
| +29% | +$13.9M |
|
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.