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 | |
|---|---|---|---|---|---|---|
951
Regeneron Pharmaceuticals
REGN
$85.5B
| $53.2M | 0.01% |
74,017
-22,187
| -23% | -$17.1M |
|
|
EA
952
DELISTED
Electronic Arts
EA
| $53.1M | 0.01% |
409,114
-95,218
| -19% | -$12.1M |
|
953
CALL
Plains GP Holdings
PAGP
$5.4B
| $53M | 0.01% |
3,574,100
+2,870,700
| +408% | +$39.7M |
|
954
PUT
Kroger
KR
$35.9B
| $53M | 0.01% |
1,127,300
+143,600
| +15% | +$6.85M |
|
955
CALL
Vanguard Morningstar Growth ETF
VUG
$225B
| $52.8M | 0.01% |
1,120,200
+511,200
| +84% | +$22.2M |
|
956
CALL
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.3B
| $52.6M | 0.01% |
322,500
+79,400
| +33% | +$11.9M |
|
957
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $52.5M | 0.01% |
618,646
+552,122
| +830% | +$42.3M |
|
958
PUT
Fair Isaac
FICO
$24.9B
| $52.5M | 0.01% |
64,900
+21,100
| +48% | +$15.8M |
|
959
SLB Ltd
SLB
$80B
| $52.4M | 0.01% |
1,067,238
+72,861
| +7% | +$3.47M |
|
960
CALL
Dominion Energy
D
$58.7B
| $52.4M | 0.01% |
1,012,100
+289,400
| +40% | +$15.7M |
|
961
CALL
TotalEnergies
TTE
$196B
| $52.3M | 0.01% |
908,000
-207,700
| -19% | -$12.6M |
|
962
CALL
Coherent
COHR
$56.3B
| $52.2M | 0.01% |
1,024,800
+893,200
| +679% | +$33.1M |
|
963
ASML
ASML
$676B
| $52M | 0.01% |
71,804
+3,951
| +6% | +$2.69M |
|
964
General Motors
GM
$75.5B
| $51.9M | 0.01% |
1,346,787
-865,271
| -39% | -$29.9M |
|
965
US Bancorp
USB
$96.8B
| $51.9M | 0.01% |
1,571,191
+501,565
| +47% | +$16.2M |
|
966
PUT
Nice
NICE
$5.8B
| $51.7M | 0.01% |
250,500
-24,200
| -9% | -$4.99M |
|
967
CALL
Progressive
PGR
$129B
| $51.5M | 0.01% |
389,400
-209,600
| -35% | -$28.1M |
|
968
CALL
Plug Power
PLUG
$3.1B
| $51.5M | 0.01% |
4,960,900
+3,506,700
| +241% | +$31.9M |
|
|
HES
969
CALL
DELISTED
Hess
HES
| $51.5M | 0.01% |
378,500
-210,400
| -36% | -$28.8M |
|
970
CALL
Truist Financial
TFC
$61.6B
| $51.4M | 0.01% |
1,694,800
+200,500
| +13% | +$6.23M |
|
971
PUT
Futu Holdings
FUTU
$17B
| $51.3M | 0.01% |
1,291,300
-526,400
| -29% | -$22.4M |
|
972
PUT
EQT Corp
EQT
$33.7B
| $51.2M | 0.01% |
1,245,800
-823,700
| -40% | -$29.1M |
|
973
CALL
Monster Beverage
MNST
$96B
| $51.1M | 0.01% |
1,777,800
+502,600
| +39% | +$14.3M |
|
974
Dollar Tree
DLTR
$25.5B
| $51M | 0.01% |
355,379
+197,371
| +125% | +$29M |
|
975
PUT
First Citizens BancShares
FCNCA
$24.6B
| $51M | 0.01% |
39,700
-4,700
| -11% | -$5.44M |
|
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.