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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
CALL
Goldman Sachs
GS
$303B
| $631M | 0.13% |
1,929,900
-396,200
| -17% | -$138M |
|
102
CALL
AbbVie
ABBV
$468B
| $623M | 0.13% |
3,909,200
-237,500
| -6% | -$36.3M |
|
103
CALL
Walt Disney
DIS
$186B
| $622M | 0.13% |
6,209,600
-2,859,000
| -32% | -$288M |
|
104
PUT
Mercado Libre
MELI
$97.5B
| $619M | 0.13% |
469,900
+10,700
| +2% | +$12.2M |
|
105
CALL
Johnson & Johnson
JNJ
$651B
| $615M | 0.13% |
3,967,300
+735,500
| +23% | +$119M |
|
106
CALL
Oracle
ORCL
$422B
| $610M | 0.13% |
6,563,900
+2,048,200
| +45% | +$180M |
|
107
CALL
McDonald's
MCD
$192B
| $601M | 0.13% |
2,149,000
+500,200
| +30% | +$134M |
|
108
CALL
lululemon athletica
LULU
$13.7B
| $601M | 0.13% |
1,649,300
+702,100
| +74% | +$220M |
|
109
PUT
Visa
V
$693B
| $598M | 0.13% |
2,652,800
+289,900
| +12% | +$64.5M |
|
110
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $596M | 0.13% |
13,587,400
+7,599,700
| +127% | +$431M |
|
111
CALL
Palo Alto Networks
PANW
$292B
| $588M | 0.13% |
5,888,800
-839,800
| -12% | -$71.2M |
|
112
CALL
Occidental Petroleum
OXY
$61.3B
| $586M | 0.12% |
9,384,200
+152,100
| +2% | +$9.45M |
|
113
PUT
Adobe
ADBE
$109B
| $582M | 0.12% |
1,511,500
-121,600
| -7% | -$43.2M |
|
114
PUT
SPDR Gold Trust
GLD
$152B
| $581M | 0.12% |
3,170,100
+1,106,400
| +54% | +$195M |
|
115
PUT
Lam Research
LRCX
$393B
| $578M | 0.12% |
10,895,000
+1,814,000
| +20% | +$89M |
|
116
American Express
AXP
$227B
| $574M | 0.12% |
3,481,197
+764,274
| +28% | +$127M |
|
117
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $573M | 0.12% |
17,835,600
-6,653,100
| -27% | -$231M |
|
118
PUT
Mastercard
MA
$509B
| $569M | 0.12% |
1,566,700
-205,400
| -12% | -$74.6M |
|
119
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $569M | 0.12% |
20,789,400
+4,322,200
| +26% | +$121M |
|
120
CALL
IBM
IBM
$222B
| $565M | 0.12% |
4,313,400
-77,300
| -2% | -$10.3M |
|
|
121
TSMC
TSM
$2.17T
| $557M | 0.12% |
5,993,334
+3,310,692
| +123% | +$297M |
|
122
CALL
Morgan Stanley
MS
$336B
| $552M | 0.12% |
6,291,700
+639,100
| +11% | +$59.6M |
|
|
123
Bank of America
BAC
$431B
| $550M | 0.12% |
19,220,942
+9,821,025
| +104% | +$324M |
|
124
PUT
PayPal
PYPL
$52.7B
| $548M | 0.12% |
7,218,900
+1,927,300
| +36% | +$148M |
|
125
PUT
Humana
HUM
$45.5B
| $547M | 0.12% |
1,126,500
+195,700
| +21% | +$96.7M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.