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 | |
|---|---|---|---|---|---|---|
1226
PUT
Plug Power
PLUG
$3.17B
| $35.4M | 0.01% |
3,403,000
+1,789,800
| +111% | +$16.3M |
|
1227
ECARX Holdings
ECX
$428M
| $35.3M | 0.01% |
+5,069,836
| New | +$32M |
|
1228
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$246M
| $35.1M | 0.01% |
829,600
+90,400
| +12% | +$3.27M |
|
1229
Medpace
MEDP
$17.1B
| $35.1M | 0.01% |
146,157
+131,767
| +916% | +$27.4M |
|
1230
PUT
Canadian Imperial Bank of Commerce
CM
$108B
| $35.1M | 0.01% |
822,100
-162,000
| -16% | -$6.84M |
|
1231
CALL
Lamb Weston
LW
$7.61B
| $35.1M | 0.01% |
305,200
+219,900
| +258% | +$24.5M |
|
1232
PUT
Cardinal Health
CAH
$55.3B
| $35.1M | 0.01% |
370,900
+75,500
| +26% | +$6.38M |
|
1233
PUT
VanEck Junior Gold Miners ETF
GDXJ
$10B
| $34.9M | 0.01% |
979,700
+166,500
| +20% | +$6.47M |
|
1234
Prologis
PLD
$136B
| $34.9M | 0.01% |
284,885
-203,514
| -42% | -$25M |
|
1235
PUT
PG&E
PCG
$40.4B
| $34.9M | 0.01% |
2,020,800
+376,300
| +23% | +$6.37M |
|
1236
PUT
AutoNation
AN
$6.51B
| $34.7M | 0.01% |
210,900
-73,500
| -26% | -$10.2M |
|
1237
Dell
DELL
$292B
| $34.7M | 0.01% |
641,566
+280,017
| +77% | +$12.9M |
|
1238
TJX Companies
TJX
$154B
| $34.6M | 0.01% |
408,610
-201,754
| -33% | -$15.9M |
|
1239
PUT
Direxion Daily Financial Bull 3x ETF
FAS
$2.45B
| $34.6M | 0.01% |
544,900
-259,300
| -32% | -$15.3M |
|
1240
CALL
Lyft
LYFT
$6.68B
| $34.6M | 0.01% |
3,608,900
+559,400
| +18% | +$5.38M |
|
|
1241
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$246M
| $34.6M | 0.01% |
817,000
+371,400
| +83% | +$13.4M |
|
|
HZNP
1242
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $34.6M | 0.01% |
335,995
-18,559
| -5% | -$1.96M |
|
1243
iShares MSCI Brazil ETF
EWZ
$8.23B
| $34.5M | 0.01% |
1,064,233
+262,835
| +33% | +$7.82M |
|
1244
CALL
Lithia Motors
LAD
$8.18B
| $34.5M | 0.01% |
113,300
-8,600
| -7% | -$2.06M |
|
|
SWAV
1245
PUT
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $34.4M | 0.01% |
120,600
+44,500
| +58% | +$12.4M |
|
1246
PUT
Annaly Capital Management
NLY
$17.4B
| $34.3M | 0.01% |
1,714,800
+7,900
| +0.5% | +$153K |
|
1247
PUT
Bunge Global
BG
$21.5B
| $34.3M | 0.01% |
363,400
+34,100
| +10% | +$3.16M |
|
1248
CALL
W.P. Carey
WPC
$16.4B
| $34.3M | 0.01% |
517,953
+239,424
| +86% | +$16.6M |
|
1249
CALL
Spectrum Brands
SPB
$2.05B
| $34.1M | 0.01% |
437,400
-440,300
| -50% | -$31.4M |
|
1250
CSX Corp
CSX
$95.4B
| $34.1M | 0.01% |
999,751
-106,803
| -10% | -$3.38M |
|
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.