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
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
926
PUT
State Street SPDR S&P Retail ETF
XRT
$329M
| $56.9M | 0.01% |
934,200
+139,800
| +18% | +$8.96M |
|
927
PUT
Affirm
AFRM
$25.7B
| $56.8M | 0.01% |
2,670,800
-520,700
| -16% | -$9.52M |
|
928
PUT
monday.com
MNDY
$3.98B
| $56.8M | 0.01% |
356,600
+17,400
| +5% | +$2.92M |
|
929
CALL
Warner Bros
WBD
$72B
| $56.8M | 0.01% |
5,227,400
-1,107,600
| -17% | -$13.8M |
|
930
CALL
MSCI
MSCI
$41.5B
| $56.7M | 0.01% |
110,600
+11,100
| +11% | +$5.83M |
|
931
CALL
American International
AIG
$40.5B
| $56.6M | 0.01% |
933,500
+376,500
| +68% | +$22.5M |
|
|
VMW
932
CALL
DELISTED
VMware, Inc
VMW
| $56.6M | 0.01% |
339,700
-492,600
| -59% | -$78.9M |
|
933
CALL
Nu Holdings
NU
$71.3B
| $56.6M | 0.01% |
7,800,300
-5,457,300
| -41% | -$40.8M |
|
934
PUT
American Tower
AMT
$83.1B
| $56.5M | 0.01% |
343,400
+110,300
| +47% | +$20.1M |
|
935
PUT
Advance Auto Parts
AAP
$2.63B
| $56.3M | 0.01% |
1,007,100
+243,800
| +32% | +$16.3M |
|
936
CALL
HSBC
HSBC
$357B
| $56.2M | 0.01% |
1,424,200
+474,500
| +50% | +$18.7M |
|
937
Snap
SNAP
$9.35B
| $56M | 0.01% |
6,285,773
+4,372,277
| +228% | +$45.7M |
|
938
CALL
Chewy
CHWY
$10B
| $56M | 0.01% |
3,065,300
-373,000
| -11% | -$10.7M |
|
939
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.53B
| $55.9M | 0.01% |
1,331,100
-500
| -0% | -$22.3K |
|
940
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.1B
| $55.8M | 0.01% |
817,500
-428,500
| -34% | -$30.1M |
|
941
PUT
Avis
CAR
$5.19B
| $55.8M | 0.01% |
310,500
-149,200
| -32% | -$32.3M |
|
942
PUT
Eaton
ETN
$159B
| $55.8M | 0.01% |
261,500
-117,200
| -31% | -$25.3M |
|
943
PUT
WIX.com
WIX
$3.53B
| $55.6M | 0.01% |
605,300
+209,800
| +53% | +$18.7M |
|
944
Boston Scientific
BSX
$71B
| $55.5M | 0.01% |
1,050,746
+153,903
| +17% | +$8.07M |
|
945
PUT
S&P Global
SPGI
$128B
| $55.5M | 0.01% |
151,800
-33,700
| -18% | -$13.3M |
|
946
Philip Morris
PM
$298B
| $55.4M | 0.01% |
598,798
+88,562
| +17% | +$8.52M |
|
|
HES
947
DELISTED
Hess
HES
| $55.4M | 0.01% |
361,864
+39,483
| +12% | +$5.95M |
|
948
McKesson
MCK
$102B
| $55.3M | 0.01% |
127,218
+9,503
| +8% | +$4M |
|
949
CALL
Toyota
TM
$229B
| $55.3M | 0.01% |
307,500
+42,900
| +16% | +$7.32M |
|
950
FedEx
FDX
$79.1B
| $55.1M | 0.01% |
208,094
-99,361
| -32% | -$25.8M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.