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
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Illumina
ILMN
$33.7B
| $42.5M | 0.01% |
187,918
+28,200
| +18% | +$5.77M |
|
1052
CALL
Akamai
AKAM
$15.2B
| $42.5M | 0.01% |
542,900
-124,800
| -19% | -$10.1M |
|
1053
VanEck Junior Gold Miners ETF
GDXJ
$9.83B
| $42.4M | 0.01% |
1,074,007
+724,760
| +208% | +$26.8M |
|
1054
CALL
Live Nation Entertainment
LYV
$43B
| $42.4M | 0.01% |
605,700
-41,800
| -6% | -$3.06M |
|
1055
PUT
Boston Beer
SAM
$1.95B
| $42.3M | 0.01% |
128,800
+22,500
| +21% | +$7.74M |
|
1056
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.88B
| $42.3M | 0.01% |
1,048,400
-251,600
| -19% | -$10.2M |
|
1057
Altria Group
MO
$114B
| $42.2M | 0.01% |
945,035
-32,405
| -3% | -$1.49M |
|
1058
PUT
Southern Company
SO
$104B
| $42.1M | 0.01% |
604,600
+36,500
| +6% | +$2.46M |
|
1059
RingCentral
RNG
$5.6B
| $42M | 0.01% |
1,370,989
+461,131
| +51% | +$16.5M |
|
1060
CALL
ProShares Ultra S&P500
SSO
$8.36B
| $41.9M | 0.01% |
1,669,600
+43,600
| +3% | +$1.05M |
|
1061
PUT
Baxter International
BAX
$13.7B
| $41.9M | 0.01% |
1,032,800
+565,600
| +121% | +$24M |
|
1062
CALL
Fair Isaac
FICO
$25.2B
| $41.9M | 0.01% |
59,600
-2,500
| -4% | -$1.66M |
|
1063
PUT
Canadian Imperial Bank of Commerce
CM
$105B
| $41.7M | 0.01% |
984,100
+349,200
| +55% | +$15.3M |
|
1064
CALL
Vanguard Morningstar Value ETF
VTV
$194B
| $41.6M | 0.01% |
301,500
+118,500
| +65% | +$16.6M |
|
1065
CALL
Bath & Body Works
BBWI
$3.86B
| $41.6M | 0.01% |
1,136,700
+188,700
| +20% | +$7.9M |
|
1066
Vulcan Materials
VMC
$35.8B
| $41.4M | 0.01% |
241,379
+188,380
| +355% | +$33.4M |
|
1067
Microchip Technology
MCHP
$40.3B
| $41.3M | 0.01% |
492,763
+113,514
| +30% | +$9.05M |
|
1068
PUT
Builders FirstSource
BLDR
$7.56B
| $41.3M | 0.01% |
464,700
+109,200
| +31% | +$8.65M |
|
1069
Duke Energy
DUK
$95.1B
| $41.2M | 0.01% |
427,023
+138,465
| +48% | +$13.7M |
|
1070
PUT
Teva Pharmaceuticals
TEVA
$43B
| $41.2M | 0.01% |
4,649,800
-745,100
| -14% | -$7.37M |
|
|
DFS
1071
PUT
DELISTED
Discover Financial Services
DFS
| $41.1M | 0.01% |
415,600
+148,400
| +56% | +$15.9M |
|
1072
PUT
Enterprise Products Partners
EPD
$82.8B
| $41M | 0.01% |
1,583,100
-589,100
| -27% | -$15.1M |
|
1073
CALL
Affirm
AFRM
$25.7B
| $40.9M | 0.01% |
3,631,200
-84,200
| -2% | -$1.06M |
|
1074
SPDR Gold Trust
GLD
$155B
| $40.9M | 0.01% |
223,021
+144,308
| +183% | +$25.4M |
|
1075
PUT
Teck Resources
TECK
$34.4B
| $40.8M | 0.01% |
1,118,700
+55,300
| +5% | +$2.19M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.