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 | |
|---|---|---|---|---|---|---|
1201
Vanguard Real Estate ETF
VNQ
$39.4B
| $36.8M | 0.01% |
440,548
-322,745
| -42% | -$26.4M |
|
1202
PUT
Teva Pharmaceuticals
TEVA
$44.4B
| $36.8M | 0.01% |
4,882,100
+232,300
| +5% | +$1.88M |
|
1203
PUT
GE HealthCare
GEHC
$33.4B
| $36.8M | 0.01% |
452,400
+279,000
| +161% | +$22.3M |
|
1204
CALL
Camping World
CWH
$669M
| $36.7M | 0.01% |
1,217,800
+332,800
| +38% | +$8.38M |
|
1205
CALL
ResMed
RMD
$34.1B
| $36.6M | 0.01% |
167,700
+122,300
| +269% | +$27.3M |
|
1206
PUT
Icahn Enterprises
IEP
$4.72B
| $36.6M | 0.01% |
1,261,100
+964,500
| +325% | +$35.1M |
|
1207
PUT
Becton Dickinson
BDX
$51.7B
| $36.6M | 0.01% |
138,600
-54,300
| -28% | -$13.8M |
|
1208
CALL
Labcorp
LH
$27.4B
| $36.6M | 0.01% |
176,462
+2,677
| +2% | +$519K |
|
1209
CALL
Hasbro
HAS
$13.6B
| $36.5M | 0.01% |
564,100
-135,400
| -19% | -$7.91M |
|
1210
PUT
GSK
GSK
$104B
| $36.5M | 0.01% |
1,024,900
-24,500
| -2% | -$879K |
|
1211
PUT
Waste Management
WM
$88.8B
| $36.5M | 0.01% |
210,200
-321,600
| -60% | -$53.2M |
|
1212
CALL
Tenet Healthcare
THC
$21.9B
| $36.3M | 0.01% |
446,000
+216,100
| +94% | +$15.4M |
|
1213
CALL
Bunge Global
BG
$21.5B
| $36.2M | 0.01% |
383,800
+77,100
| +25% | +$7.16M |
|
1214
PUT
United States Natural Gas Fund
UNG
$515M
| $36.1M | 0.01% |
1,214,700
-528,200
| -30% | -$14.3M |
|
|
DOCU
1215
DocuSign
DOCU
$11.6B
| $36.1M | 0.01% |
705,626
-164,806
| -19% | -$8.73M |
|
1216
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.8B
| $36M | 0.01% |
553,600
-116,400
| -17% | -$7.09M |
|
1217
The Mosaic Company
MOS
$7.72B
| $36M | 0.01% |
1,027,638
+334,926
| +48% | +$12.9M |
|
1218
CALL
Chubb
CB
$132B
| $35.9M | 0.01% |
186,500
+60,100
| +48% | +$11.8M |
|
1219
Twilio
TWLO
$34.4B
| $35.8M | 0.01% |
562,040
-175,499
| -24% | -$10.4M |
|
1220
PUT
DuPont de Nemours
DD
$18.4B
| $35.8M | 0.01% |
398,732
-261,944
| -40% | -$22.5M |
|
1221
CALL
GitLab
GTLB
$7.04B
| $35.6M | 0.01% |
697,300
-59,800
| -8% | -$2.22M |
|
1222
CALL
JB Hunt Transport Services
JBHT
$24.6B
| $35.6M | 0.01% |
196,600
+43,200
| +28% | +$7.51M |
|
1223
CALL
Aon
AON
$75.3B
| $35.6M | 0.01% |
103,000
-61,700
| -37% | -$20M |
|
1224
Stryker
SYK
$127B
| $35.5M | 0.01% |
116,347
-63,709
| -35% | -$18.4M |
|
1225
CALL
Iron Mountain
IRM
$36B
| $35.5M | 0.01% |
624,600
-75,600
| -11% | -$4.14M |
|
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.