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
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Booking.com
BKNG
$158B
| $621M | 0.13% |
5,030,125
+462,025
| +10% | +$56M |
|
102
PUT
First Solar
FSLR
$23B
| $612M | 0.13% |
3,787,800
-1,542,200
| -29% | -$288M |
|
103
CALL
Pinduoduo
PDD
$126B
| $606M | 0.13% |
6,179,800
+1,714,400
| +38% | +$148M |
|
104
CALL
Bank of America
BAC
$431B
| $606M | 0.13% |
22,132,700
+5,107,900
| +30% | +$151M |
|
105
PUT
Walt Disney
DIS
$186B
| $603M | 0.13% |
7,437,400
-1,505,600
| -17% | -$129M |
|
106
PUT
Home Depot
HD
$335B
| $599M | 0.12% |
1,981,700
-604,300
| -23% | -$194M |
|
107
CALL
ConocoPhillips
COP
$162B
| $595M | 0.12% |
4,963,800
+718,800
| +17% | +$83.5M |
|
108
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $582M | 0.12% |
5,705,943
+4,660,327
| +446% | +$491M |
|
109
CALL
Blackstone
BX
$108B
| $577M | 0.12% |
5,384,600
+987,400
| +22% | +$103M |
|
110
PUT
Nike
NKE
$60.5B
| $574M | 0.12% |
6,004,100
+1,106,500
| +23% | +$114M |
|
111
PUT
Visa
V
$693B
| $573M | 0.12% |
2,492,400
+337,200
| +16% | +$81.1M |
|
112
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $570M | 0.12% |
3,855,500
+1,687,800
| +78% | +$242M |
|
113
CALL
Qualcomm
QCOM
$169B
| $569M | 0.12% |
5,121,900
+1,202,300
| +31% | +$139M |
|
114
CALL
Occidental Petroleum
OXY
$61.3B
| $566M | 0.12% |
8,718,100
+221,000
| +3% | +$13.9M |
|
115
PUT
Chevron
CVX
$403B
| $564M | 0.12% |
3,343,700
+325,800
| +11% | +$52.6M |
|
116
CALL
ASML
ASML
$677B
| $559M | 0.12% |
950,200
+229,000
| +32% | +$152M |
|
|
117
PUT
Occidental Petroleum
OXY
$61.3B
| $559M | 0.12% |
8,617,500
+573,000
| +7% | +$36.1M |
|
118
CALL
Texas Instruments
TXN
$241B
| $557M | 0.12% |
3,499,800
+999,800
| +40% | +$171M |
|
119
CALL
Procter & Gamble
PG
$336B
| $555M | 0.12% |
3,803,100
-287,200
| -7% | -$43.9M |
|
120
CALL
Uber
UBER
$161B
| $553M | 0.12% |
12,022,100
-2,924,600
| -20% | -$134M |
|
121
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $541M | 0.11% |
16,321,000
+1,489,700
| +10% | +$51.3M |
|
122
CALL
McDonald's
MCD
$192B
| $540M | 0.11% |
2,051,700
+427,900
| +26% | +$122M |
|
123
PUT
Walmart Inc
WMT
$825B
| $540M | 0.11% |
10,133,100
+1,729,200
| +21% | +$92M |
|
124
CALL
Morgan Stanley
MS
$336B
| $525M | 0.11% |
6,423,500
+585,500
| +10% | +$50.8M |
|
125
PUT
United States Oil Fund
USO
$2.24B
| $522M | 0.11% |
6,449,700
-96,500
| -1% | -$7.11M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.