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 | |
|---|---|---|---|---|---|---|
901
CALL
McCormick & Company Non-Voting
MKC
$15.1B
| $57.5M | 0.01% |
658,900
+479,600
| +267% | +$42.4M |
|
902
CALL
Builders FirstSource
BLDR
$7.56B
| $57.4M | 0.01% |
421,800
+159,100
| +61% | +$17.7M |
|
903
PUT
General Dynamics
GD
$104B
| $57.3M | 0.01% |
266,500
-73,800
| -22% | -$15.9M |
|
904
Palo Alto Networks
PANW
$286B
| $57.3M | 0.01% |
448,386
-1,004,048
| -69% | -$104M |
|
905
CALL
iShares US Home Construction ETF
ITB
$2.28B
| $57.2M | 0.01% |
669,800
+317,900
| +90% | +$24.2M |
|
|
BNY
906
Bank of New York Mellon
BNY
$110B
| $56.8M | 0.01% |
1,276,943
+187,340
| +17% | +$8.04M |
|
907
PUT
CME Group
CME
$100B
| $56.8M | 0.01% |
306,700
-155,600
| -34% | -$28.8M |
|
908
AstraZeneca
AZN
$259B
| $56.8M | 0.01% |
396,754
+295,608
| +292% | +$43.5M |
|
909
PUT
CF Industries
CF
$19.6B
| $56.6M | 0.01% |
815,400
-76,300
| -9% | -$5.32M |
|
910
CALL
MGM Resorts International
MGM
$11B
| $56.6M | 0.01% |
1,288,700
-630,700
| -33% | -$26.9M |
|
911
PUT
Air Products & Chemicals
APD
$68.2B
| $56.6M | 0.01% |
188,900
-148,900
| -44% | -$42.4M |
|
912
PUT
Truist Financial
TFC
$62.1B
| $56.5M | 0.01% |
1,861,700
+613,200
| +49% | +$19M |
|
913
Shopify
SHOP
$193B
| $56.2M | 0.01% |
870,515
-3,070,300
| -78% | -$174M |
|
914
CALL
EPAM Systems
EPAM
$5.74B
| $56.1M | 0.01% |
249,600
+139,300
| +126% | +$35.1M |
|
|
MMP
915
CALL
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $56.1M | 0.01% |
899,400
-358,500
| -28% | -$20.9M |
|
916
CALL
Okta
OKTA
$22.8B
| $56M | 0.01% |
806,900
-566,800
| -41% | -$43M |
|
917
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $55.9M | 0.01% |
696,700
+121,300
| +21% | +$8.69M |
|
918
PUT
GameStop
GME
$8.09B
| $55.9M | 0.01% |
2,304,300
-1,290,300
| -36% | -$29M |
|
|
K
919
CALL
DELISTED
Kellanova
K
| $55.7M | 0.01% |
880,542
+154,957
| +21% | +$9.88M |
|
920
CALL
Fair Isaac
FICO
$25.2B
| $55.6M | 0.01% |
68,700
+9,100
| +15% | +$6.82M |
|
921
CALL
Penumbra
PEN
$12.8B
| $55.6M | 0.01% |
161,500
+97,300
| +152% | +$29.9M |
|
922
PUT
Invesco DB US Dollar Index Bullish Fund
UUP
$322M
| $55.5M | 0.01% |
1,955,100
+964,300
| +97% | +$27.1M |
|
923
CALL
Ross Stores
ROST
$77.5B
| $55.3M | 0.01% |
493,400
-191,700
| -28% | -$20.2M |
|
924
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $55.3M | 0.01% |
435,500
+95,900
| +28% | +$12.5M |
|
925
First Solar
FSLR
$22.4B
| $55.2M | 0.01% |
290,315
+120,875
| +71% | +$23.9M |
|
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.