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 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$521M |
| 2 |
Nike
NKE
|
+$509M |
| 3 |
Micron Technology
MU
|
+$439M |
| 4 |
Super Micro Computer
SMCI
|
+$435M |
| 5 |
Broadcom
AVGO
|
+$329M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$5.31B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.89B |
| 3 |
Amazon
AMZN
|
+$1.48B |
| 4 |
Microsoft
MSFT
|
+$1.07B |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$904M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.38% |
| 2 | Consumer Discretionary | 1.03% |
| 3 | Financials | 0.75% |
| 4 | Healthcare | 0.67% |
| 5 | Communication Services | 0.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
CALL
Goldman Sachs
GS
$303B
| $841M | 0.16% |
1,860,000
-318,100
| -15% | -$140M |
|
102
PUT
Arm
ARM
$260B
| $819M | 0.15% |
5,003,900
+1,513,900
| +43% | +$188M |
|
103
CALL
ServiceNow
NOW
$133B
| $802M | 0.15% |
5,100,500
+929,500
| +22% | +$136M |
|
104
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $793M | 0.15% |
17,405,800
+4,193,600
| +32% | +$195M |
|
105
CALL
Oracle
ORCL
$422B
| $790M | 0.15% |
5,594,300
-764,800
| -12% | -$95M |
|
|
106
PUT
ServiceNow
NOW
$133B
| $771M | 0.14% |
4,903,500
-301,000
| -6% | -$44.2M |
|
107
PUT
Alibaba
BABA
$286B
| $763M | 0.14% |
10,595,400
-2,780,000
| -21% | -$213M |
|
108
PUT
Intel
INTC
$476B
| $755M | 0.14% |
24,383,000
+2,617,400
| +12% | +$85.8M |
|
109
PUT
Lam Research
LRCX
$393B
| $746M | 0.14% |
7,010,000
-1,515,000
| -18% | -$145M |
|
110
PUT
Pfizer
PFE
$160B
| $745M | 0.14% |
26,632,700
-3,283,500
| -11% | -$90.4M |
|
111
CALL
ASML
ASML
$677B
| $721M | 0.13% |
704,500
-103,100
| -13% | -$99.1M |
|
112
CALL
Strategy Inc
MSTR
$47.4B
| $713M | 0.13% |
5,179,000
-1,028,000
| -17% | -$148M |
|
113
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $711M | 0.13% |
1,817,700
-1,092,600
| -38% | -$424M |
|
114
PUT
UnitedHealth
UNH
$350B
| $709M | 0.13% |
1,392,300
-297,500
| -18% | -$146M |
|
|
115
Super Micro Computer
SMCI
$24.1B
| $699M | 0.13% |
8,533,630
+5,088,140
| +148% | +$435M |
|
116
PUT
ExxonMobil
XOM
$679B
| $689M | 0.13% |
5,981,500
+277,200
| +5% | +$32.3M |
|
117
CALL
iShares Silver Trust
SLV
$33.8B
| $671M | 0.12% |
25,256,000
+10,490,700
| +71% | +$276M |
|
118
CALL
Procter & Gamble
PG
$336B
| $669M | 0.12% |
4,057,400
+507,600
| +14% | +$83M |
|
|
119
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $668M | 0.12% |
14,667,200
-6,291,200
| -30% | -$293M |
|
120
PUT
Uber
UBER
$161B
| $668M | 0.12% |
9,191,300
-1,134,000
| -11% | -$78.8M |
|
121
CALL
PayPal
PYPL
$52.7B
| $666M | 0.12% |
11,482,300
-4,364,700
| -28% | -$278M |
|
|
122
Amazon
AMZN
$2.79T
| $664M | 0.12% |
3,436,600
-8,067,198
| -70% | -$1.48B |
|
123
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $660M | 0.12% |
19,443,500
+3,036,500
| +19% | +$104M |
|
|
124
CALL
Intel
INTC
$476B
| $658M | 0.12% |
21,248,900
+137,700
| +0.7% | +$4.51M |
|
125
PUT
Walt Disney
DIS
$186B
| $658M | 0.12% |
6,622,700
+91,000
| +1% | +$9.8M |
|
Similar funds
Jeff Yass's Q2 2024 Portfolio in Review
As of Q2 2024, Jeff Yass held 13,638 positions worth $537B, down 6.7% from $576B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass withdrew a net $65.7B in Q2 2024, closing 1,726 positions and reducing 5,607 holdings. Its most notable exit was iShares MSCI USA Quality Factor ETF, an estimated $26.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 3% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in NextEra Energy 7.299% Corporate Units worth $127M.
- Jeff Yass's largest Q2 2024 buy was NextEra Energy 7.299% Corporate Units: 2,575,000 shares worth $127M.
- Jeff Yass added most to Vanguard FTSE Developed Markets ETF in Q2 2024, an estimated $521M increase.
- Jeff Yass's biggest Q2 2024 reduction was NVIDIA, cutting an estimated $5.31B.
- Jeff Yass fully exited iShares MSCI USA Quality Factor ETF in Q2 2024, selling an estimated $26.2M.
- Jeff Yass's ten largest holdings make up 26% of its $537B portfolio in Q2 2024.
- Jeff Yass opened 1,591 new positions and closed 1,726 in Q2 2024.
- Jeff Yass's portfolio value fell 6.7% quarter-over-quarter to $537B.
Based on Susquehanna International Group's 13F filing for Q2 2024, filed 15 Aug 2024.