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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Salesforce
CRM
$171B
| $930M | 0.18% |
3,533,100
+297,400
| +9% | +$67.3M |
|
77
CALL
Home Depot
HD
$335B
| $919M | 0.18% |
2,652,100
+425,400
| +19% | +$132M |
|
78
CALL
Goldman Sachs
GS
$303B
| $905M | 0.17% |
2,345,400
-86,900
| -4% | -$29M |
|
|
79
CALL
Salesforce
CRM
$171B
| $893M | 0.17% |
3,393,200
+59,200
| +2% | +$13.4M |
|
80
CALL
Intel
INTC
$476B
| $889M | 0.17% |
17,684,200
-509,500
| -3% | -$20.7M |
|
81
PUT
Lam Research
LRCX
$393B
| $884M | 0.17% |
11,289,000
+619,000
| +6% | +$42.2M |
|
82
CALL
Bank of America
BAC
$431B
| $876M | 0.17% |
26,031,200
+3,898,500
| +18% | +$114M |
|
83
PUT
JPMorgan Chase
JPM
$935B
| $875M | 0.17% |
5,144,100
-1,559,400
| -23% | -$236M |
|
84
CALL
UnitedHealth
UNH
$350B
| $867M | 0.17% |
1,647,700
-613,500
| -27% | -$327M |
|
85
CALL
Caterpillar
CAT
$381B
| $860M | 0.16% |
2,907,300
+618,100
| +27% | +$160M |
|
|
86
PUT
UnitedHealth
UNH
$350B
| $843M | 0.16% |
1,601,400
+84,900
| +6% | +$45.3M |
|
87
CALL
Palo Alto Networks
PANW
$292B
| $816M | 0.16% |
5,531,800
-695,800
| -11% | -$93M |
|
88
PUT
ExxonMobil
XOM
$679B
| $814M | 0.15% |
8,137,800
+1,220,900
| +18% | +$128M |
|
|
89
PUT
Pfizer
PFE
$160B
| $809M | 0.15% |
28,083,100
+17,232,200
| +159% | +$521M |
|
90
PUT
Walmart Inc
WMT
$825B
| $806M | 0.15% |
15,339,000
+5,205,900
| +51% | +$275M |
|
91
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $803M | 0.15% |
15,314,000
+5,254,800
| +52% | +$235M |
|
92
CALL
Visa
V
$693B
| $795M | 0.15% |
3,053,100
-764,400
| -20% | -$188M |
|
93
CALL
lululemon athletica
LULU
$13.7B
| $790M | 0.15% |
1,544,500
-180,100
| -10% | -$77.8M |
|
94
PUT
SPDR Gold Trust
GLD
$152B
| $784M | 0.15% |
4,102,600
-149,900
| -4% | -$27.5M |
|
95
PUT
Citigroup
C
$221B
| $772M | 0.15% |
15,010,600
-7,444,400
| -33% | -$330M |
|
96
PUT
Chevron
CVX
$403B
| $762M | 0.15% |
5,106,800
+1,763,100
| +53% | +$267M |
|
|
97
PUT
Intel
INTC
$476B
| $761M | 0.14% |
15,135,300
+2,547,200
| +20% | +$103M |
|
|
98
Alibaba
BABA
$286B
| $760M | 0.14% |
9,801,387
+5,297,854
| +118% | +$422M |
|
99
CALL
First Solar
FSLR
$23B
| $753M | 0.14% |
4,370,800
+201,400
| +5% | +$30.8M |
|
100
CALL
Uber
UBER
$161B
| $746M | 0.14% |
12,123,300
+101,200
| +0.8% | +$5.29M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.