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 | |
|---|---|---|---|---|---|---|
76
PUT
First Solar
FSLR
$23B
| $812M | 0.17% |
3,734,400
-2,189,900
| -37% | -$400M |
|
77
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $805M | 0.17% |
7,583,500
-580,700
| -7% | -$60.8M |
|
|
78
Berkshire Hathaway Class B
BRK.B
$1.06T
| $805M | 0.17% |
2,606,382
+1,087,760
| +72% | +$335M |
|
79
CALL
Costco
COST
$420B
| $780M | 0.17% |
1,569,500
-441,700
| -22% | -$217M |
|
80
PUT
Eli Lilly
LLY
$1.12T
| $773M | 0.16% |
2,249,500
+300,200
| +15% | +$101M |
|
81
CALL
Mastercard
MA
$509B
| $770M | 0.16% |
2,119,300
-411,800
| -16% | -$150M |
|
|
82
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $757M | 0.16% |
18,285,800
-1,060,600
| -5% | -$45.3M |
|
83
CALL
Visa
V
$693B
| $756M | 0.16% |
3,353,700
-1,258,700
| -27% | -$280M |
|
|
84
CALL
Eli Lilly
LLY
$1.12T
| $756M | 0.16% |
2,200,300
+64,400
| +3% | +$21.7M |
|
85
CALL
Chevron
CVX
$403B
| $755M | 0.16% |
4,626,400
+275,600
| +6% | +$46.2M |
|
86
PUT
UnitedHealth
UNH
$350B
| $747M | 0.16% |
1,580,600
+170,300
| +12% | +$82.2M |
|
87
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $726M | 0.15% |
21,255,000
-3,860,000
| -15% | -$121M |
|
|
88
PUT
TSMC
TSM
$2.17T
| $718M | 0.15% |
7,721,600
+3,255,100
| +73% | +$292M |
|
89
CALL
Mercado Libre
MELI
$97.5B
| $716M | 0.15% |
543,500
-47,100
| -8% | -$53.6M |
|
90
PUT
ASML
ASML
$677B
| $706M | 0.15% |
1,037,300
-24,800
| -2% | -$15.9M |
|
91
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $698M | 0.15% |
849,300
+159,600
| +23% | +$120M |
|
92
PUT
ExxonMobil
XOM
$679B
| $689M | 0.15% |
6,285,400
-1,464,400
| -19% | -$162M |
|
|
93
CALL
Bank of America
BAC
$431B
| $681M | 0.14% |
23,813,300
-1,175,900
| -5% | -$38.8M |
|
94
CALL
Procter & Gamble
PG
$336B
| $675M | 0.14% |
4,539,500
-785,300
| -15% | -$112M |
|
95
CALL
Texas Instruments
TXN
$241B
| $666M | 0.14% |
3,583,000
+1,431,400
| +67% | +$252M |
|
96
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $666M | 0.14% |
5,060,600
+308,200
| +6% | +$37M |
|
97
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $657M | 0.14% |
20,313,800
+10,857,500
| +115% | +$328M |
|
98
PUT
Walmart Inc
WMT
$825B
| $639M | 0.14% |
13,010,400
+4,336,800
| +50% | +$206M |
|
99
CALL
Intel
INTC
$476B
| $639M | 0.14% |
19,551,300
+1,918,600
| +11% | +$54.4M |
|
100
CALL
Coca-Cola
KO
$392B
| $637M | 0.14% |
10,277,100
-244,800
| -2% | -$14.8M |
|
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.