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 | |
|---|---|---|---|---|---|---|
|
MMP
1151
PUT
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $39.9M | 0.01% |
639,600
+379,600
| +146% | +$22.2M |
|
1152
PUT
Alnylam Pharmaceuticals
ALNY
$32.1B
| $39.8M | 0.01% |
209,800
+10,300
| +5% | +$2.04M |
|
1153
PUT
Macy's
M
$5.94B
| $39.8M | 0.01% |
2,479,500
-466,400
| -16% | -$7.46M |
|
1154
PUT
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$6.88B
| $39.7M | 0.01% |
441,500
-35,600
| -7% | -$2.76M |
|
1155
CALL
Baxter International
BAX
$13.6B
| $39.7M | 0.01% |
871,900
+69,100
| +9% | +$3.01M |
|
1156
CALL
Whirlpool
WHR
$2.65B
| $39.7M | 0.01% |
266,700
-115,600
| -30% | -$15.9M |
|
1157
PUT
NIO
NIO
$11.2B
| $39.7M | 0.01% |
4,092,300
+375,300
| +10% | +$3.18M |
|
1158
CALL
Constellation Energy
CEG
$98.6B
| $39.6M | 0.01% |
432,100
+120,400
| +39% | +$9.98M |
|
1159
CALL
Direxion Daily Regional Banks Bull 3X ETF
DPST
$340M
| $39.5M | 0.01% |
731,000
+675,480
| +1,217% | +$39.8M |
|
1160
Honeywell
HON
$68.4B
| $39.5M | 0.01% |
201,969
-376,536
| -65% | -$69.9M |
|
|
X
1161
DELISTED
US Steel
X
| $39.4M | 0.01% |
1,574,963
+775,511
| +97% | +$18M |
|
1162
PUT
Idexx Laboratories
IDXX
$43.3B
| $39.3M | 0.01% |
78,300
-86,200
| -52% | -$41.3M |
|
1163
SBA Communications
SBAC
$19.9B
| $39.3M | 0.01% |
169,633
+95,611
| +129% | +$22.9M |
|
1164
CALL
Oneok
OKE
$57.8B
| $39M | 0.01% |
631,600
-8,900
| -1% | -$551K |
|
1165
iShares MSCI EAFE Value ETF
EFV
$31.9B
| $39M | 0.01% |
796,043
+486,564
| +157% | +$24M |
|
1166
General Dynamics
GD
$102B
| $38.9M | 0.01% |
180,712
+56,889
| +46% | +$12.3M |
|
1167
CALL
iShares Core S&P Small-Cap ETF
IJR
$111B
| $38.8M | 0.01% |
388,900
+70,600
| +22% | +$6.72M |
|
1168
CALL
iShares S&P 500 Growth ETF
IVW
$76.1B
| $38.7M | 0.01% |
548,900
+421,400
| +331% | +$27.9M |
|
1169
CALL
ProShares Ultra S&P500
SSO
$8.41B
| $38.6M | 0.01% |
1,327,800
-341,800
| -20% | -$8.95M |
|
|
WCC
1170
CALL
WESCO International
WCC
$16.5B
| $38.6M | 0.01% |
215,300
-11,100
| -5% | -$1.62M |
|
|
SKX
1171
PUT
DELISTED
Skechers
SKX
| $38.5M | 0.01% |
731,700
+25,700
| +4% | +$1.32M |
|
1172
PUT
Madrigal Pharmaceuticals
MDGL
$11.8B
| $38.5M | 0.01% |
166,700
+64,700
| +63% | +$17.5M |
|
1173
PUT
Ball Corp
BALL
$17B
| $38.5M | 0.01% |
661,100
+312,100
| +89% | +$16.9M |
|
1174
CALL
Edwards Lifesciences
EW
$52.4B
| $38.3M | 0.01% |
406,300
+73,100
| +22% | +$6.35M |
|
1175
CALL
Kohl's
KSS
$2B
| $38.3M | 0.01% |
1,661,800
+235,200
| +16% | +$5.09M |
|
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.