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 | |
|---|---|---|---|---|---|---|
1101
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$301M
| $39.2M | 0.01% |
1,403,000
-1,828,900
| -57% | -$53.6M |
|
1102
PUT
Deutsche Bank
DB
$72.2B
| $39.2M | 0.01% |
3,841,400
+1,721,300
| +81% | +$20.6M |
|
1103
Invesco DB US Dollar Index Bullish Fund
UUP
$322M
| $39.2M | 0.01% |
1,404,510
-62,716
| -4% | -$1.75M |
|
1104
PUT
NIO
NIO
$10.9B
| $39.1M | 0.01% |
3,717,000
-1,740,800
| -32% | -$17.8M |
|
1105
PUT
Caesars Entertainment
CZR
$6.04B
| $39M | 0.01% |
799,200
+8,900
| +1% | +$436K |
|
1106
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $39M | 0.01% |
575,400
-41,400
| -7% | -$2.77M |
|
1107
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.9B
| $39M | 0.01% |
117,213
-349,222
| -75% | -$116M |
|
1108
CALL
Freshpet
FRPT
$3.68B
| $38.9M | 0.01% |
588,300
+264,400
| +82% | +$16.2M |
|
1109
PUT
American Electric Power
AEP
$66.4B
| $38.9M | 0.01% |
427,500
+301,500
| +239% | +$27.6M |
|
1110
VF Corp
VFC
$5.63B
| $38.9M | 0.01% |
1,697,478
+942,331
| +125% | +$24.8M |
|
1111
PUT
UBS Group
UBS
$164B
| $38.9M | 0.01% |
1,821,800
+1,684,600
| +1,228% | +$35.1M |
|
1112
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $38.8M | 0.01% |
670,000
-41,200
| -6% | -$2.24M |
|
1113
Bunge Global
BG
$21.2B
| $38.8M | 0.01% |
405,681
+297,746
| +276% | +$28.9M |
|
|
HZNP
1114
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $38.7M | 0.01% |
354,554
-346,811
| -49% | -$38.3M |
|
1115
CALL
DexCom
DXCM
$34.4B
| $38.7M | 0.01% |
332,800
-1,115,200
| -77% | -$125M |
|
1116
CALL
M&T Bank
MTB
$34.9B
| $38.6M | 0.01% |
322,900
-25,600
| -7% | -$3.72M |
|
1117
CALL
AB InBev
BUD
$156B
| $38.6M | 0.01% |
578,400
-144,400
| -20% | -$8.73M |
|
1118
US Bancorp
USB
$97.3B
| $38.6M | 0.01% |
1,069,626
+563,674
| +111% | +$25.1M |
|
|
1119
PUT
M&T Bank
MTB
$34.9B
| $38.4M | 0.01% |
321,300
+180,700
| +129% | +$26.2M |
|
1120
CALL
Prologis
PLD
$136B
| $38.4M | 0.01% |
307,700
-348,800
| -53% | -$42.9M |
|
1121
CALL
Cencora
COR
$61.8B
| $38.4M | 0.01% |
239,700
+26,100
| +12% | +$4.14M |
|
1122
PUT
Emerson Electric
EMR
$87.9B
| $38.3M | 0.01% |
439,200
+249,700
| +132% | +$21.8M |
|
1123
CALL
Allstate
ALL
$65.8B
| $38.3M | 0.01% |
345,200
-97,100
| -22% | -$12.3M |
|
1124
PUT
Agnico Eagle Mines
AEM
$110B
| $38.2M | 0.01% |
750,000
+164,300
| +28% | +$8.44M |
|
1125
CME Group
CME
$100B
| $38.2M | 0.01% |
199,537
-78,786
| -28% | -$14.2M |
|
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.