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 | |
|---|---|---|---|---|---|---|
1026
PUT
Ferrari
RACE
$74.2B
| $48.2M | 0.01% |
148,300
-10,100
| -6% | -$2.94M |
|
1027
CALL
TransDigm Group
TDG
$66.1B
| $48.2M | 0.01% |
53,900
-4,100
| -7% | -$3.24M |
|
1028
CALL
Danaos Corp
DAC
$2.77B
| $48.1M | 0.01% |
720,800
-116,300
| -14% | -$7.02M |
|
1029
Altria Group
MO
$114B
| $48.1M | 0.01% |
1,061,770
+116,735
| +12% | +$5.29M |
|
1030
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.8B
| $48.1M | 0.01% |
738,400
+215,100
| +41% | +$13.1M |
|
1031
CALL
Cboe Global Markets
CBOE
$32.2B
| $47.9M | 0.01% |
347,300
-17,100
| -5% | -$2.33M |
|
1032
Medtronic
MDT
$117B
| $47.9M | 0.01% |
543,978
-358,576
| -40% | -$30.9M |
|
1033
CALL
Five Below
FIVE
$14.2B
| $47.9M | 0.01% |
243,700
+52,900
| +28% | +$10.3M |
|
1034
Danaher
DHR
$151B
| $47.7M | 0.01% |
224,167
-171,747
| -43% | -$36.4M |
|
1035
CALL
NRG Energy
NRG
$24.1B
| $47.7M | 0.01% |
1,275,400
+672,900
| +112% | +$22.9M |
|
1036
CALL
W.W. Grainger
GWW
$61.2B
| $47.6M | 0.01% |
60,300
+23,000
| +62% | +$15.8M |
|
1037
CALL
Yum! Brands
YUM
$42.9B
| $47.6M | 0.01% |
343,200
-33,800
| -9% | -$4.58M |
|
1038
Emcor
EME
$32.4B
| $47.5M | 0.01% |
257,140
+236,905
| +1,171% | +$39.6M |
|
1039
Advance Auto Parts
AAP
$2.63B
| $47.5M | 0.01% |
675,787
+417,157
| +161% | +$42.9M |
|
1040
CALL
Carvana
CVNA
$83B
| $47.5M | 0.01% |
9,162,000
+1,222,500
| +15% | +$3.39M |
|
1041
CALL
Halliburton
HAL
$28.3B
| $47.3M | 0.01% |
1,433,000
+332,300
| +30% | +$10.5M |
|
1042
Sempra
SRE
$55.3B
| $47M | 0.01% |
645,492
+189,958
| +42% | +$14.3M |
|
1043
CALL
PBF Energy
PBF
$7.93B
| $46.9M | 0.01% |
1,145,600
+411,000
| +56% | +$15.6M |
|
1044
CALL
Novartis
NVS
$304B
| $46.9M | 0.01% |
464,700
+30,700
| +7% | +$3.07M |
|
1045
CALL
MSCI
MSCI
$41.2B
| $46.7M | 0.01% |
99,500
+55,700
| +127% | +$27.2M |
|
1046
CALL
Steel Dynamics
STLD
$33.1B
| $46.7M | 0.01% |
428,500
-87,900
| -17% | -$8.94M |
|
1047
CALL
Parker-Hannifin
PH
$128B
| $46.6M | 0.01% |
119,500
+38,600
| +48% | +$13.1M |
|
1048
Blackrock
BLK
$183B
| $46.6M | 0.01% |
67,427
-22,549
| -25% | -$15.1M |
|
1049
CALL
Williams-Sonoma
WSM
$27.5B
| $46.6M | 0.01% |
744,600
+181,200
| +32% | +$10.8M |
|
1050
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.88B
| $46.5M | 0.01% |
1,122,800
+177,600
| +19% | +$7.06M |
|
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 1,866 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 1,371 new positions and closed 1,866 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.