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 | |
|---|---|---|---|---|---|---|
1001
Expedia Group
EXPE
$40.3B
| $49.6M | 0.01% |
453,233
-104,857
| -19% | -$10.3M |
|
1002
State Street SPDR S&P Biotech ETF
XBI
$11.8B
| $49.4M | 0.01% |
594,275
-710,868
| -54% | -$59.4M |
|
1003
PUT
Archer Daniels Midland
ADM
$36.9B
| $49.4M | 0.01% |
654,100
-157,400
| -19% | -$11.9M |
|
1004
Lockheed Martin
LMT
$129B
| $49.4M | 0.01% |
107,344
-94,233
| -47% | -$43.7M |
|
1005
CALL
Prologis
PLD
$135B
| $49.3M | 0.01% |
402,400
+94,700
| +31% | +$11.6M |
|
1006
PUT
Zoetis
ZTS
$31.6B
| $49.3M | 0.01% |
286,100
-128,400
| -31% | -$22.2M |
|
|
DFS
1007
PUT
DELISTED
Discover Financial Services
DFS
| $49.3M | 0.01% |
421,600
+6,000
| +1% | +$629K |
|
1008
PUT
XPeng
XPEV
$10.9B
| $49.2M | 0.01% |
3,669,600
+1,493,800
| +69% | +$14.7M |
|
1009
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.75B
| $49.1M | 0.01% |
381,085
-540,987
| -59% | -$67.8M |
|
1010
PUT
Halliburton
HAL
$28.5B
| $49.1M | 0.01% |
1,486,900
+197,400
| +15% | +$6.24M |
|
1011
PUT
Affirm
AFRM
$26.1B
| $48.9M | 0.01% |
3,191,500
+185,300
| +6% | +$2.46M |
|
1012
KraneShares CSI China Internet ETF
KWEB
$5.21B
| $48.8M | 0.01% |
1,813,291
+392,267
| +28% | +$10.9M |
|
1013
Spotify
SPOT
$113B
| $48.8M | 0.01% |
304,055
+225,500
| +287% | +$32.7M |
|
1014
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$43.1B
| $48.8M | 0.01% |
505,100
-8,500
| -2% | -$836K |
|
1015
CALL
iShares MSCI Japan ETF
EWJ
$22.6B
| $48.8M | 0.01% |
788,100
+561,200
| +247% | +$33.8M |
|
1016
PUT
American International
AIG
$40.1B
| $48.8M | 0.01% |
847,600
+213,300
| +34% | +$11.5M |
|
|
SPLK
1017
DELISTED
Splunk Inc
SPLK
| $48.7M | 0.01% |
459,137
+195,066
| +74% | +$18.5M |
|
1018
CALL
Antero Resources
AR
$11.5B
| $48.6M | 0.01% |
2,112,400
-569,200
| -21% | -$12.6M |
|
1019
Okta
OKTA
$22.8B
| $48.5M | 0.01% |
699,895
+349,336
| +100% | +$26.5M |
|
1020
Boston Scientific
BSX
$71.1B
| $48.5M | 0.01% |
896,843
-610,838
| -41% | -$31.9M |
|
1021
SolarEdge
SEDG
$1.88B
| $48.5M | 0.01% |
180,165
+113,326
| +170% | +$32.5M |
|
1022
CALL
Quanta Services
PWR
$93.2B
| $48.4M | 0.01% |
246,600
-19,400
| -7% | -$3.39M |
|
1023
CALL
CSX Corp
CSX
$95.9B
| $48.4M | 0.01% |
1,418,700
-31,600
| -2% | -$1,000K |
|
1024
NXP Semiconductors
NXPI
$56.1B
| $48.3M | 0.01% |
235,904
-56,273
| -19% | -$10M |
|
1025
Cameco
CCJ
$46.3B
| $48.3M | 0.01% |
1,540,761
+492,039
| +47% | +$13.8M |
|
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.