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 | |
|---|---|---|---|---|---|---|
1126
CALL
West Pharmaceutical
WST
$24.5B
| $41.3M | 0.01% |
108,000
+12,200
| +13% | +$4.36M |
|
1127
PUT
Knight Transportation
KNX
$11.1B
| $41.3M | 0.01% |
742,700
-46,500
| -6% | -$2.6M |
|
1128
CALL
L3Harris
LHX
$48.8B
| $41.2M | 0.01% |
210,600
-12,700
| -6% | -$2.43M |
|
1129
PUT
Fortinet
FTNT
$113B
| $41.2M | 0.01% |
544,500
+91,700
| +20% | +$6.24M |
|
1130
Republic Services
RSG
$67.7B
| $41.1M | 0.01% |
268,352
-33,484
| -11% | -$4.79M |
|
1131
CALL
Tractor Supply
TSCO
$18.4B
| $41.1M | 0.01% |
928,500
+172,000
| +23% | +$7.88M |
|
1132
Constellation Energy
CEG
$98.6B
| $41.1M | 0.01% |
448,389
+55,064
| +14% | +$4.56M |
|
1133
State Street
STT
$53B
| $41M | 0.01% |
560,751
+205,361
| +58% | +$14.8M |
|
1134
PUT
iShares MSCI Japan ETF
EWJ
$22.6B
| $41M | 0.01% |
662,500
+385,700
| +139% | +$23.2M |
|
|
EA
1135
CALL
DELISTED
Electronic Arts
EA
| $41M | 0.01% |
316,100
+44,100
| +16% | +$5.59M |
|
1136
PUT
Sociedad Química y Minera de Chile
SQM
$22.6B
| $41M | 0.01% |
564,200
-8,000
| -1% | -$569K |
|
1137
CALL
State Street SPDR S&P Bank ETF
KBE
$1.69B
| $40.7M | 0.01% |
1,131,600
-627,500
| -36% | -$22.4M |
|
1138
PUT
Apollo Global Management
APO
$78.6B
| $40.7M | 0.01% |
530,000
+161,200
| +44% | +$10.8M |
|
|
MPT
1139
CALL
Medical Properties Trust
MPT
$2.45B
| $40.7M | 0.01% |
4,395,800
+1,761,500
| +67% | +$14.9M |
|
1140
CALL
B2Gold
BTG
$7.75B
| $40.5M | 0.01% |
11,352,800
+8,321,300
| +274% | +$32.6M |
|
1141
CALL
Direxion Daily Technology Bull 3x ETF
TECL
$5.53B
| $40.5M | 0.01% |
750,200
+39,900
| +6% | +$1.66M |
|
1142
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.88B
| $40.5M | 0.01% |
976,800
-71,600
| -7% | -$2.85M |
|
1143
PUT
InMode
INMD
$865M
| $40.3M | 0.01% |
1,078,800
-8,500
| -0.8% | -$297K |
|
1144
Cencora
COR
$62.6B
| $40.2M | 0.01% |
209,115
-37,840
| -15% | -$6.55M |
|
1145
CALL
Schrodinger
SDGR
$1.5B
| $40.2M | 0.01% |
806,000
+449,700
| +126% | +$15.2M |
|
1146
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$4.83B
| $40.2M | 0.01% |
790,200
-308,400
| -28% | -$15.1M |
|
1147
CALL
NetApp
NTAP
$36.8B
| $40M | 0.01% |
523,800
-109,800
| -17% | -$7.42M |
|
1148
PUT
Vanguard Real Estate ETF
VNQ
$39.4B
| $40M | 0.01% |
478,700
+276,300
| +137% | +$22.6M |
|
1149
PUT
Restaurant Brands International
QSR
$28.4B
| $40M | 0.01% |
515,600
+138,100
| +37% | +$9.97M |
|
1150
PUT
ProShares UltraPro Short QQQ
SQQQ
$1.87B
| $39.9M | 0.01% |
84,484
-15,084
| -15% | -$9.77M |
|
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.