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 | |
|---|---|---|---|---|---|---|
1051
Antero Resources
AR
$11.7B
| $46.5M | 0.01% |
2,019,912
+1,797,715
| +809% | +$39.9M |
|
1052
Kinsale Capital Group
KNSL
$8.92B
| $46.5M | 0.01% |
124,160
+99,253
| +398% | +$32.9M |
|
1053
PUT
BioNTech
BNTX
$28.5B
| $46.3M | 0.01% |
429,300
+23,800
| +6% | +$2.68M |
|
1054
CALL
Group 1 Automotive
GPI
$3.13B
| $46.3M | 0.01% |
179,500
+125,000
| +229% | +$28.7M |
|
1055
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $46.2M | 0.01% |
347,832
+210,959
| +154% | +$27.8M |
|
1056
ON Semiconductor
ON
$28B
| $46.1M | 0.01% |
487,507
-230,847
| -32% | -$19.1M |
|
1057
CALL
Alcoa
AA
$13.5B
| $46.1M | 0.01% |
1,358,600
+97,200
| +8% | +$3.53M |
|
1058
CALL
Old Dominion Freight Line
ODFL
$41.2B
| $46M | 0.01% |
248,800
-29,000
| -10% | -$4.7M |
|
1059
CALL
ChargePoint
CHPT
$153M
| $45.8M | 0.01% |
260,770
+110,010
| +73% | +$19.3M |
|
1060
PUT
Keurig Dr Pepper
KDP
$43.3B
| $45.7M | 0.01% |
1,460,500
+468,400
| +47% | +$15.4M |
|
|
MMP
1061
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $45.6M | 0.01% |
731,365
+714,714
| +4,292% | +$41.7M |
|
1062
CALL
Boston Scientific
BSX
$72B
| $45.5M | 0.01% |
841,600
+520,700
| +162% | +$27.2M |
|
1063
Ferguson
FERG
$45.1B
| $45.5M | 0.01% |
289,281
-184,424
| -39% | -$26.3M |
|
1064
CALL
Chord Energy
CHRD
$7.77B
| $45.5M | 0.01% |
295,700
+121,700
| +70% | +$17.7M |
|
1065
Analog Devices
ADI
$180B
| $45.3M | 0.01% |
232,658
-88,020
| -27% | -$16.3M |
|
1066
PUT
Canadian Solar
CSIQ
$973M
| $45.3M | 0.01% |
1,170,800
+168,100
| +17% | +$6.52M |
|
1067
CALL
Marathon Digital Holdings
MARA
$4.59B
| $45.3M | 0.01% |
3,264,900
-383,200
| -11% | -$3.86M |
|
1068
PUT
American Tower
AMT
$83.2B
| $45.2M | 0.01% |
233,100
-209,600
| -47% | -$41M |
|
1069
CALL
Skyworks Solutions
SWKS
$9.88B
| $45.1M | 0.01% |
407,400
-281,400
| -41% | -$29.7M |
|
1070
Southwest Airlines
LUV
$19.9B
| $45M | 0.01% |
1,242,259
-754,083
| -38% | -$23.6M |
|
1071
PUT
Floor & Decor
FND
$5.83B
| $44.8M | 0.01% |
430,800
-159,600
| -27% | -$15.3M |
|
1072
PUT
Credit Acceptance
CACC
$6.28B
| $44.7M | 0.01% |
88,000
+10,700
| +14% | +$5.01M |
|
1073
Synopsys
SNPS
$78B
| $44.6M | 0.01% |
102,501
+9,385
| +10% | +$3.78M |
|
1074
CALL
Universal Health Services
UHS
$10.4B
| $44.6M | 0.01% |
282,500
+93,000
| +49% | +$13M |
|
|
AXON
1075
CALL
Axon Enterprise
AXON
$49.8B
| $44.6M | 0.01% |
228,400
-106,300
| -32% | -$22M |
|
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.