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 | |
|---|---|---|---|---|---|---|
1251
Kinder Morgan
KMI
$68.9B
| $34.1M | 0.01% |
1,978,401
+531,235
| +37% | +$9.02M |
|
1252
PUT
Agnico Eagle Mines
AEM
$113B
| $34M | 0.01% |
680,700
-69,300
| -9% | -$3.75M |
|
1253
CALL
Roper Technologies
ROP
$40.9B
| $34M | 0.01% |
70,700
+31,700
| +81% | +$14.4M |
|
1254
CALL
Allstate
ALL
$65.1B
| $34M | 0.01% |
311,500
-33,700
| -10% | -$3.82M |
|
1255
CALL
Royal Gold
RGLD
$22.7B
| $34M | 0.01% |
295,800
-92,900
| -24% | -$12M |
|
1256
CALL
Cintas
CTAS
$81.9B
| $34M | 0.01% |
273,200
-253,200
| -48% | -$29.7M |
|
1257
PUT
Dominion Energy
D
$58.9B
| $33.9M | 0.01% |
655,000
+253,700
| +63% | +$13.8M |
|
1258
Marathon Digital Holdings
MARA
$4.57B
| $33.9M | 0.01% |
2,445,748
+1,324,366
| +118% | +$13.3M |
|
|
1259
Cintas
CTAS
$81.9B
| $33.9M | 0.01% |
272,708
+41,968
| +18% | +$4.92M |
|
1260
CALL
Ralph Lauren
RL
$21.6B
| $33.9M | 0.01% |
274,800
+162,700
| +145% | +$18.8M |
|
1261
CALL
Goodyear
GT
$1.78B
| $33.9M | 0.01% |
2,475,800
+1,491,000
| +151% | +$18.6M |
|
1262
PUT
Coupang
CPNG
$30B
| $33.8M | 0.01% |
1,942,300
+980,800
| +102% | +$16M |
|
1263
CALL
Toronto Dominion Bank
TD
$197B
| $33.7M | 0.01% |
543,700
-51,900
| -9% | -$3.12M |
|
1264
PUT
American Electric Power
AEP
$66.8B
| $33.7M | 0.01% |
400,200
-27,300
| -6% | -$2.41M |
|
|
K
1265
PUT
DELISTED
Kellanova
K
| $33.7M | 0.01% |
531,755
+108,098
| +26% | +$6.89M |
|
1266
NRG Energy
NRG
$23.9B
| $33.6M | 0.01% |
899,473
+708,317
| +371% | +$24.1M |
|
1267
Datadog
DDOG
$80.1B
| $33.6M | 0.01% |
341,800
+15,560
| +5% | +$1.3M |
|
1268
PUT
iShares MSCI United Kingdom ETF
EWU
$3.88B
| $33.6M | 0.01% |
1,038,200
+196,000
| +23% | +$6.46M |
|
1269
CALL
Pan American Silver
PAAS
$22.5B
| $33.5M | 0.01% |
2,297,300
+873,900
| +61% | +$14.4M |
|
1270
CALL
Pool Corp
POOL
$6.77B
| $33.5M | 0.01% |
89,400
+17,100
| +24% | +$5.85M |
|
1271
RLI Corp
RLI
$5.96B
| $33.5M | 0.01% |
490,424
+456,562
| +1,348% | +$30.3M |
|
|
CMA
1272
CALL
DELISTED
Comerica
CMA
| $33.4M | 0.01% |
788,700
+383,400
| +95% | +$15.5M |
|
1273
Nice
NICE
$5.88B
| $33.4M | 0.01% |
161,738
-43,511
| -21% | -$8.97M |
|
1274
Kroger
KR
$35.8B
| $33.4M | 0.01% |
710,348
+314,141
| +79% | +$15M |
|
1275
PUT
British American Tobacco
BTI
$122B
| $33.3M | 0.01% |
1,003,500
+320,500
| +47% | +$11M |
|
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.