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 | |
|---|---|---|---|---|---|---|
76
PUT
Alibaba
BABA
$286B
| $765M | 0.16% |
8,823,600
-1,136,100
| -11% | -$104M |
|
77
PUT
UnitedHealth
UNH
$350B
| $765M | 0.16% |
1,516,500
-141,200
| -9% | -$69.5M |
|
78
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $742M | 0.15% |
19,563,500
+1,019,500
| +5% | +$40.4M |
|
79
CALL
Palo Alto Networks
PANW
$292B
| $730M | 0.15% |
6,227,600
+829,200
| +15% | +$98.1M |
|
80
PUT
SPDR Gold Trust
GLD
$152B
| $729M | 0.15% |
4,252,500
+1,342,400
| +46% | +$240M |
|
81
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $722M | 0.15% |
2,060,300
-338,700
| -14% | -$120M |
|
82
PUT
Boeing
BA
$169B
| $707M | 0.15% |
3,689,600
-1,660,100
| -31% | -$363M |
|
83
CALL
Oracle
ORCL
$422B
| $706M | 0.15% |
6,662,200
-1,167,800
| -15% | -$135M |
|
84
CALL
Johnson & Johnson
JNJ
$651B
| $701M | 0.15% |
4,503,800
-1,447,600
| -24% | -$239M |
|
85
PUT
Bank of America
BAC
$431B
| $678M | 0.14% |
24,754,500
-8,118,500
| -25% | -$240M |
|
86
CALL
Salesforce
CRM
$171B
| $676M | 0.14% |
3,334,000
+177,900
| +6% | +$38.4M |
|
87
CALL
Citigroup
C
$221B
| $676M | 0.14% |
16,435,200
+9,078,500
| +123% | +$398M |
|
88
CALL
Mastercard
MA
$509B
| $675M | 0.14% |
1,705,200
+294,100
| +21% | +$118M |
|
89
CALL
First Solar
FSLR
$23B
| $674M | 0.14% |
4,169,400
+219,700
| +6% | +$41M |
|
90
CALL
Home Depot
HD
$335B
| $673M | 0.14% |
2,226,700
-696,900
| -24% | -$224M |
|
91
PUT
Lam Research
LRCX
$393B
| $669M | 0.14% |
10,670,000
+2,320,000
| +28% | +$152M |
|
92
iShares Russell 2000 ETF
IWM
$81.9B
| $669M | 0.14% |
3,782,638
+2,520,586
| +200% | +$473M |
|
93
CALL
lululemon athletica
LULU
$13.7B
| $665M | 0.14% |
1,724,600
+592,100
| +52% | +$226M |
|
|
94
PUT
Salesforce
CRM
$171B
| $656M | 0.14% |
3,235,700
+498,000
| +18% | +$108M |
|
95
CALL
AbbVie
ABBV
$468B
| $651M | 0.14% |
4,369,900
+654,800
| +18% | +$96.1M |
|
96
CALL
Walt Disney
DIS
$186B
| $649M | 0.14% |
8,003,900
+2,967,900
| +59% | +$253M |
|
97
PUT
ASML
ASML
$677B
| $647M | 0.13% |
1,098,900
-16,200
| -1% | -$10.8M |
|
98
CALL
Intel
INTC
$476B
| $647M | 0.13% |
18,193,700
+1,934,800
| +12% | +$67.4M |
|
99
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $629M | 0.13% |
4,251,900
+1,085,700
| +34% | +$156M |
|
100
CALL
Caterpillar
CAT
$381B
| $625M | 0.13% |
2,289,200
+608,700
| +36% | +$165M |
|
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.