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 | |
|---|---|---|---|---|---|---|
1101
CALL
GSK
GSK
$104B
| $42.8M | 0.01% |
1,201,100
-365,500
| -23% | -$13.1M |
|
1102
CALL
M&T Bank
MTB
$34.7B
| $42.8M | 0.01% |
345,800
+22,900
| +7% | +$2.77M |
|
1103
CALL
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $42.8M | 0.01% |
494,400
-286,400
| -37% | -$24.4M |
|
1104
CALL
Global Payments
GPN
$24.8B
| $42.8M | 0.01% |
434,000
+80,000
| +23% | +$8.23M |
|
1105
CALL
Live Nation Entertainment
LYV
$43.5B
| $42.6M | 0.01% |
467,800
-137,900
| -23% | -$10.8M |
|
1106
PUT
Plains All American Pipeline
PAA
$17.4B
| $42.5M | 0.01% |
3,017,000
-500
| -0% | -$6.6K |
|
1107
CALL
Toyota
TM
$228B
| $42.5M | 0.01% |
264,600
+192,400
| +266% | +$27.7M |
|
1108
Halliburton
HAL
$28.2B
| $42.5M | 0.01% |
1,288,078
+413,505
| +47% | +$13.1M |
|
1109
CALL
ProShares Ultra QQQ
QLD
$13.8B
| $42.5M | 0.01% |
1,319,400
-41,200
| -3% | -$1.11M |
|
|
1110
PUT
Live Nation Entertainment
LYV
$43.5B
| $42.5M | 0.01% |
466,100
-106,200
| -19% | -$8.29M |
|
1111
Air Products & Chemicals
APD
$67.7B
| $42.5M | 0.01% |
141,772
-83,693
| -37% | -$23.8M |
|
1112
PUT
eBay
EBAY
$47.2B
| $42.4M | 0.01% |
949,600
-95,100
| -9% | -$4.22M |
|
1113
CALL
Sony
SONY
$141B
| $42.4M | 0.01% |
2,354,500
+399,000
| +20% | +$7.48M |
|
1114
PUT
Baxter International
BAX
$13.6B
| $42.4M | 0.01% |
930,400
-102,400
| -10% | -$4.46M |
|
1115
PUT
Western Alliance Bancorporation
WAL
$8.69B
| $42.4M | 0.01% |
1,162,000
-86,900
| -7% | -$3.01M |
|
1116
PUT
BHP
BHP
$251B
| $42.4M | 0.01% |
710,200
-510,700
| -42% | -$30.5M |
|
|
MRO
1117
CALL
DELISTED
Marathon Oil Corporation
MRO
| $42.2M | 0.01% |
1,833,800
-634,900
| -26% | -$15M |
|
1118
CALL
State Street SPDR S&P Retail ETF
XRT
$325M
| $42.1M | 0.01% |
661,100
-176,100
| -21% | -$10.8M |
|
1119
Cenovus Energy
CVE
$56.7B
| $42.1M | 0.01% |
2,480,731
-961,538
| -28% | -$16.2M |
|
1120
CALL
Sociedad Química y Minera de Chile
SQM
$22.6B
| $41.8M | 0.01% |
575,800
+367,900
| +177% | +$26.2M |
|
1121
PUT
HP
HPQ
$27B
| $41.8M | 0.01% |
1,359,700
-230,800
| -15% | -$6.93M |
|
1122
Vulcan Materials
VMC
$35.5B
| $41.7M | 0.01% |
184,865
-56,514
| -23% | -$10.8M |
|
1123
MGM Resorts International
MGM
$10.9B
| $41.5M | 0.01% |
944,778
+143,516
| +18% | +$6.13M |
|
1124
PUT
NRG Energy
NRG
$23.9B
| $41.5M | 0.01% |
1,108,600
+625,100
| +129% | +$21.3M |
|
|
EXAS
1125
PUT
DELISTED
Exact Sciences
EXAS
| $41.3M | 0.01% |
440,300
+85,800
| +24% | +$6.69M |
|
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.