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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
McDonald's
MCD
$192B
| $746M | 0.14% |
2,516,100
+589,700
| +31% | +$160M |
|
102
CALL
Texas Instruments
TXN
$241B
| $741M | 0.14% |
4,349,800
+850,000
| +24% | +$132M |
|
103
CALL
Johnson & Johnson
JNJ
$651B
| $738M | 0.14% |
4,709,900
+206,100
| +5% | +$31.6M |
|
104
PUT
ASML
ASML
$677B
| $733M | 0.14% |
969,000
-129,900
| -12% | -$85.8M |
|
105
CALL
Wells Fargo
WFC
$254B
| $727M | 0.14% |
14,769,600
+2,194,100
| +17% | +$94.7M |
|
|
106
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $713M | 0.14% |
18,971,900
+2,650,900
| +16% | +$91.8M |
|
107
CALL
CrowdStrike
CRWD
$195B
| $710M | 0.14% |
11,120,800
+954,400
| +9% | +$50M |
|
108
PUT
Strategy Inc
MSTR
$47.4B
| $706M | 0.13% |
11,173,000
+3,155,000
| +39% | +$150M |
|
109
PUT
Bank of America
BAC
$431B
| $701M | 0.13% |
20,817,000
-3,937,500
| -16% | -$115M |
|
110
CALL
Oracle
ORCL
$422B
| $694M | 0.13% |
6,584,600
-77,600
| -1% | -$8.47M |
|
|
XYZ
111
CALL
Block Inc
XYZ
$49.4B
| $688M | 0.13% |
8,891,200
+2,017,600
| +29% | +$114M |
|
112
CALL
PayPal
PYPL
$52.7B
| $679M | 0.13% |
11,058,200
+2,945,200
| +36% | +$169M |
|
113
CALL
Walt Disney
DIS
$186B
| $674M | 0.13% |
7,469,100
-534,800
| -7% | -$47.1M |
|
114
CALL
Snowflake
SNOW
$115B
| $673M | 0.13% |
3,381,500
+551,400
| +19% | +$93.2M |
|
115
PUT
Nike
NKE
$60.5B
| $672M | 0.13% |
6,185,700
+181,600
| +3% | +$19.5M |
|
|
116
PUT
CrowdStrike
CRWD
$195B
| $671M | 0.13% |
10,513,200
+2,983,200
| +40% | +$156M |
|
117
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $670M | 0.13% |
6,961,800
+851,800
| +14% | +$75.8M |
|
|
118
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $668M | 0.13% |
6,945,400
+2,261,800
| +48% | +$201M |
|
|
119
CALL
McDonald's
MCD
$192B
| $667M | 0.13% |
2,250,400
+198,700
| +10% | +$54.1M |
|
120
CALL
Qualcomm
QCOM
$169B
| $662M | 0.13% |
4,574,200
-547,700
| -11% | -$67.8M |
|
121
CALL
Chevron
CVX
$403B
| $661M | 0.13% |
4,434,300
-930,400
| -17% | -$141M |
|
122
PUT
Visa
V
$693B
| $659M | 0.13% |
2,529,400
+37,000
| +1% | +$9.12M |
|
123
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $655M | 0.12% |
1,835,500
-224,800
| -11% | -$78.9M |
|
124
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $653M | 0.12% |
3,736,000
+517,900
| +16% | +$81.1M |
|
125
PUT
MongoDB
MDB
$34.7B
| $644M | 0.12% |
1,574,200
+304,800
| +24% | +$116M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.