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 | |
|---|---|---|---|---|---|---|
976
PUT
Chewy
CHWY
$10.1B
| $51M | 0.01% |
1,290,900
-830,700
| -39% | -$28.9M |
|
977
PUT
Antero Resources
AR
$11.5B
| $50.9M | 0.01% |
2,208,000
+676,900
| +44% | +$15M |
|
978
PUT
State Street SPDR S&P Retail ETF
XRT
$325M
| $50.6M | 0.01% |
794,400
-1,052,800
| -57% | -$64.6M |
|
|
BNY
979
CALL
Bank of New York Mellon
BNY
$110B
| $50.6M | 0.01% |
1,137,300
-226,700
| -17% | -$9.73M |
|
980
CALL
Cognizant
CTSH
$28.2B
| $50.6M | 0.01% |
774,400
+385,400
| +99% | +$23.9M |
|
|
P
981
PUT
Everpure Inc
P
$34.4B
| $50.3M | 0.01% |
1,366,900
+637,900
| +88% | +$18.1M |
|
982
CALL
American Electric Power
AEP
$66.6B
| $50.3M | 0.01% |
597,400
+251,600
| +73% | +$22.2M |
|
983
McKesson
MCK
$103B
| $50.3M | 0.01% |
117,715
+13,241
| +13% | +$5.09M |
|
984
Iridium Communications
IRDM
$5B
| $50.1M | 0.01% |
807,131
+748,140
| +1,268% | +$46.3M |
|
985
CALL
Exelon
EXC
$45.4B
| $50.1M | 0.01% |
1,230,500
+355,700
| +41% | +$14.7M |
|
986
CALL
XPeng
XPEV
$10.9B
| $50M | 0.01% |
3,729,000
-1,667,600
| -31% | -$16.4M |
|
987
CALL
Futu Holdings
FUTU
$17.3B
| $50M | 0.01% |
1,258,300
-810,200
| -39% | -$34.5M |
|
988
CALL
Eldorado Gold
EGO
$12.4B
| $50M | 0.01% |
4,949,400
+4,096,800
| +481% | +$43.4M |
|
989
CALL
Restaurant Brands International
QSR
$28.4B
| $50M | 0.01% |
644,800
-190,500
| -23% | -$13.8M |
|
990
PUT
Cleveland-Cliffs
CLF
$6.53B
| $50M | 0.01% |
2,980,800
-1,405,800
| -32% | -$22.3M |
|
991
CALL
CF Industries
CF
$19.2B
| $49.9M | 0.01% |
719,100
-75,900
| -10% | -$5.29M |
|
|
LTHM
992
DELISTED
Livent Corporation
LTHM
| $49.9M | 0.01% |
1,818,927
+1,634,828
| +888% | +$39.2M |
|
993
PUT
Boston Beer
SAM
$1.94B
| $49.9M | 0.01% |
161,700
+32,900
| +26% | +$10.6M |
|
994
Philip Morris
PM
$297B
| $49.8M | 0.01% |
510,236
-304,872
| -37% | -$29.1M |
|
995
CALL
Advance Auto Parts
AAP
$2.63B
| $49.8M | 0.01% |
708,500
+442,700
| +167% | +$45.5M |
|
|
SWAV
996
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $49.7M | 0.01% |
174,171
+151,146
| +656% | +$42M |
|
997
CALL
Plains All American Pipeline
PAA
$17.6B
| $49.7M | 0.01% |
3,524,700
-301,500
| -8% | -$3.98M |
|
|
CNR
998
CALL
Core Natural Resources Inc
CNR
$4.73B
| $49.7M | 0.01% |
732,400
-71,600
| -9% | -$4.37M |
|
999
PUT
Seagate
STX
$184B
| $49.7M | 0.01% |
802,600
-40,300
| -5% | -$2.46M |
|
1000
CALL
iShares Biotechnology ETF
IBB
$10.9B
| $49.6M | 0.01% |
390,600
-573,300
| -59% | -$74.5M |
|
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.