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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
901
CALL
NXP Semiconductors
NXPI
$56.1B
| $54.4M | 0.01% |
291,900
-166,300
| -36% | -$29.6M |
|
902
PUT
Shell
SHEL
$257B
| $54.4M | 0.01% |
945,000
-367,800
| -28% | -$21.6M |
|
903
Tyson Foods
TSN
$20.4B
| $54.3M | 0.01% |
916,207
+775,425
| +551% | +$47.6M |
|
904
PUT
Progressive
PGR
$130B
| $54.3M | 0.01% |
379,800
+51,800
| +16% | +$7.14M |
|
|
ATVI
905
PUT
DELISTED
Activision Blizzard
ATVI
| $54.2M | 0.01% |
633,100
-1,818,100
| -74% | -$141M |
|
906
Expedia Group
EXPE
$40.7B
| $54.2M | 0.01% |
558,090
+216,971
| +64% | +$22.7M |
|
907
PUT
RingCentral
RNG
$5.6B
| $54M | 0.01% |
1,759,600
+1,371,800
| +354% | +$49.1M |
|
908
CALL
Capital One
COF
$133B
| $53.8M | 0.01% |
559,100
-36,900
| -6% | -$3.86M |
|
909
CALL
Alcoa
AA
$13B
| $53.7M | 0.01% |
1,261,400
-635,300
| -33% | -$30.6M |
|
910
ProShares Bitcoin Strategy ETF
BITO
$1.74B
| $53.4M | 0.01% |
3,046,980
+2,583,241
| +557% | +$37.1M |
|
|
NVO
911
PUT
Novo Nordisk
NVO
$207B
| $53.2M | 0.01% |
669,200
+222,000
| +50% | +$15.7M |
|
912
CALL
State Street SPDR S&P Retail ETF
XRT
$329M
| $53.1M | 0.01% |
837,200
+407,200
| +95% | +$26.8M |
|
913
PUT
Novartis
NVS
$300B
| $53M | 0.01% |
575,900
-43,000
| -7% | -$3.76M |
|
914
PUT
Match Group
MTCH
$9.58B
| $52.9M | 0.01% |
1,378,500
+812,600
| +144% | +$35.4M |
|
915
PUT
Franco-Nevada
FNV
$52.1B
| $52.8M | 0.01% |
362,400
+183,100
| +102% | +$25.5M |
|
916
CALL
MPLX
MPLX
$59.3B
| $52.8M | 0.01% |
1,533,500
+964,700
| +170% | +$33.1M |
|
917
CALL
Canadian Natural Resources
CNQ
$104B
| $52.8M | 0.01% |
1,907,200
-221,600
| -10% | -$6.28M |
|
|
FRC
918
CALL
DELISTED
First Republic Bank
FRC
| $52.5M | 0.01% |
3,754,200
+3,707,200
| +7,888% | +$380M |
|
919
CALL
Invesco S&P 500 Equal Weight ETF
RSP
$100B
| $52.4M | 0.01% |
362,300
+117,900
| +48% | +$17.3M |
|
920
CALL
PPG Industries
PPG
$25.2B
| $52.4M | 0.01% |
392,200
+3,300
| +0.8% | +$426K |
|
921
CALL
CarMax
KMX
$8.91B
| $52.3M | 0.01% |
813,300
-78,200
| -9% | -$5.23M |
|
922
CALL
Avis
CAR
$5.19B
| $52.1M | 0.01% |
267,400
-248,400
| -48% | -$49.9M |
|
923
CALL
Aon
AON
$76.2B
| $51.9M | 0.01% |
164,700
+45,300
| +38% | +$14M |
|
924
PUT
Macy's
M
$6.1B
| $51.5M | 0.01% |
2,945,900
-1,989,800
| -40% | -$42.1M |
|
925
Stryker
SYK
$126B
| $51.4M | 0.01% |
180,056
+51,746
| +40% | +$13.7M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.