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 | |
|---|---|---|---|---|---|---|
926
PUT
Suncor Energy
SU
$78.1B
| $55.2M | 0.01% |
1,881,200
+77,300
| +4% | +$2.31M |
|
927
PUT
Enterprise Products Partners
EPD
$82.7B
| $55M | 0.01% |
2,088,200
+505,100
| +32% | +$13.2M |
|
|
EA
928
PUT
DELISTED
Electronic Arts
EA
| $55M | 0.01% |
424,000
-129,400
| -23% | -$16.4M |
|
929
CALL
United States Natural Gas Fund
UNG
$499M
| $54.9M | 0.01% |
1,849,625
+140,375
| +8% | +$3.8M |
|
930
KLA
KLAC
$238B
| $54.6M | 0.01% |
1,124,740
-361,080
| -24% | -$15.1M |
|
|
P
931
CALL
Everpure Inc
P
$34.7B
| $54.5M | 0.01% |
1,480,200
+290,200
| +24% | +$8.22M |
|
932
Estee Lauder
EL
$37.7B
| $54.4M | 0.01% |
277,046
-4,014
| -1% | -$852K |
|
933
CALL
Williams Companies
WMB
$87.4B
| $54.4M | 0.01% |
1,666,300
+125,100
| +8% | +$3.75M |
|
934
PUT
Schwab US Dividend Equity ETF
SCHD
$112B
| $54.3M | 0.01% |
2,241,600
+1,212,300
| +118% | +$29M |
|
935
CALL
argenx
ARGX
$64.3B
| $54.2M | 0.01% |
139,100
+93,900
| +208% | +$36.9M |
|
936
Intuitive Surgical
ISRG
$132B
| $54M | 0.01% |
158,021
-112,383
| -42% | -$34M |
|
937
Gilead Sciences
GILD
$182B
| $54M | 0.01% |
700,974
-267,683
| -28% | -$21.3M |
|
|
X
938
CALL
DELISTED
US Steel
X
| $54M | 0.01% |
2,158,000
-734,600
| -25% | -$17.1M |
|
939
PUT
General Mills
GIS
$21.6B
| $53.9M | 0.01% |
703,100
-143,200
| -17% | -$12.2M |
|
940
CALL
Fastenal
FAST
$58.4B
| $53.9M | 0.01% |
1,828,200
-216,600
| -11% | -$5.93M |
|
941
PUT
Progressive
PGR
$129B
| $53.9M | 0.01% |
407,000
+27,200
| +7% | +$3.65M |
|
942
Hershey
HSY
$37.7B
| $53.8M | 0.01% |
215,641
+40,805
| +23% | +$10.7M |
|
943
PUT
Wheaton Precious Metals
WPM
$72.8B
| $53.8M | 0.01% |
1,245,100
+347,800
| +39% | +$16.5M |
|
944
CALL
Alpha Metallurgical Resources
AMR
$2.64B
| $53.8M | 0.01% |
327,300
+43,100
| +15% | +$6.59M |
|
945
CALL
Lucid Motors
LCID
$2.02B
| $53.7M | 0.01% |
779,520
+238,440
| +44% | +$17M |
|
946
PUT
Novartis
NVS
$302B
| $53.7M | 0.01% |
532,000
-43,900
| -8% | -$4.39M |
|
947
PUT
Advance Auto Parts
AAP
$2.65B
| $53.7M | 0.01% |
763,300
+254,000
| +50% | +$26.1M |
|
948
CALL
Idexx Laboratories
IDXX
$43.7B
| $53.5M | 0.01% |
106,500
-26,900
| -20% | -$12.9M |
|
|
DFS
949
CALL
DELISTED
Discover Financial Services
DFS
| $53.4M | 0.01% |
456,700
-94,200
| -17% | -$9.87M |
|
950
Murphy USA
MUSA
$10.2B
| $53.3M | 0.01% |
171,474
+101,124
| +144% | +$28.3M |
|
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.