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 | |
|---|---|---|---|---|---|---|
1176
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$294M
| $38.2M | 0.01% |
1,301,000
-872,000
| -40% | -$25.5M |
|
1177
PUT
Canadian Pacific Kansas City
CP
$82.9B
| $38.1M | 0.01% |
471,100
+100,100
| +27% | +$7.9M |
|
1178
CALL
C.H. Robinson
CHRW
$16.8B
| $38M | 0.01% |
402,300
-83,200
| -17% | -$8.04M |
|
1179
PUT
Kraft Heinz
KHC
$30B
| $38M | 0.01% |
1,069,200
-171,300
| -14% | -$6.59M |
|
1180
Automatic Data Processing
ADP
$112B
| $37.9M | 0.01% |
172,637
-144,427
| -46% | -$31.1M |
|
1181
BioMarin Pharmaceuticals
BMRN
$12.8B
| $37.9M | 0.01% |
437,478
+89,563
| +26% | +$8.43M |
|
1182
CALL
Bentley Systems
BSY
$11.1B
| $37.8M | 0.01% |
697,900
+644,900
| +1,217% | +$30.1M |
|
1183
PUT
Peabody Energy
BTU
$3.35B
| $37.7M | 0.01% |
1,741,100
-1,349,600
| -44% | -$29.9M |
|
1184
State Street Industrial Select Sector SPDR ETF
XLI
$33.1B
| $37.7M | 0.01% |
351,048
+12,690
| +4% | +$1.28M |
|
|
KRTX
1185
CALL
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $37.7M | 0.01% |
173,700
-80,300
| -32% | -$17.2M |
|
1186
CALL
Sysco
SYY
$40B
| $37.7M | 0.01% |
507,500
-57,800
| -10% | -$4.27M |
|
1187
CALL
HSBC
HSBC
$358B
| $37.6M | 0.01% |
949,700
+471,800
| +99% | +$17.6M |
|
1188
S&P Global
SPGI
$128B
| $37.5M | 0.01% |
93,554
-84,861
| -48% | -$31M |
|
1189
Canadian Natural Resources
CNQ
$102B
| $37.5M | 0.01% |
1,333,000
-7,840
| -0.6% | -$224K |
|
1190
PUT
Duke Energy
DUK
$94.8B
| $37.4M | 0.01% |
417,300
+28,100
| +7% | +$2.65M |
|
1191
CALL
Shift4
FOUR
$3.79B
| $37.4M | 0.01% |
551,000
+293,900
| +114% | +$19.3M |
|
1192
PUT
Transocean
RIG
$6.42B
| $37.4M | 0.01% |
5,328,200
-853,200
| -14% | -$5.27M |
|
1193
Illinois Tool Works
ITW
$80.2B
| $37.3M | 0.01% |
149,137
+7,272
| +5% | +$1.7M |
|
1194
PUT
Whirlpool
WHR
$2.65B
| $37.3M | 0.01% |
250,700
-229,800
| -48% | -$31.6M |
|
1195
Welltower
WELL
$174B
| $37.3M | 0.01% |
461,123
+200,673
| +77% | +$15.5M |
|
|
MRSH
1196
Marsh
MRSH
$92.3B
| $37.2M | 0.01% |
197,866
-181,139
| -48% | -$32.1M |
|
1197
PUT
Zions Bancorporation
ZION
$9.86B
| $37.2M | 0.01% |
1,383,700
+461,300
| +50% | +$12.8M |
|
|
AXON
1198
PUT
Axon Enterprise
AXON
$49.8B
| $37.1M | 0.01% |
190,300
+50,100
| +36% | +$10.4M |
|
1199
CALL
Johnson Controls International
JCI
$85.9B
| $37.1M | 0.01% |
544,900
+239,500
| +78% | +$14.7M |
|
1200
CALL
Peloton Interactive
PTON
$2.36B
| $37.1M | 0.01% |
4,820,700
-407,900
| -8% | -$3.47M |
|
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.