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 | |
|---|---|---|---|---|---|---|
1276
Microchip Technology
MCHP
$39.9B
| $33.3M | 0.01% |
371,244
-121,519
| -25% | -$9.59M |
|
1277
CALL
Bath & Body Works
BBWI
$3.54B
| $33.2M | 0.01% |
885,300
-251,400
| -22% | -$9.19M |
|
1278
CALL
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF
GUSH
$249M
| $33.2M | 0.01% |
1,093,200
+739,600
| +209% | +$21.6M |
|
1279
Moody's
MCO
$88.9B
| $33.2M | 0.01% |
95,355
+15,898
| +20% | +$5.04M |
|
|
1280
Berkshire Hathaway Class A
BRK.A
$1.08T
| $33.1M | 0.01% |
64
+62
| +3,100% | +$30.9M |
|
1281
CALL
ProShares UltraPro S&P 500
UPRO
$5.5B
| $33M | 0.01% |
697,000
-509,200
| -42% | -$20.8M |
|
1282
CALL
Beyond Meat
BYND
$244M
| $33M | 0.01% |
84,700
+9,203
| +12% | +$3.51M |
|
1283
PUT
Nutanix
NTNX
$18B
| $33M | 0.01% |
1,175,500
-1,606,500
| -58% | -$42.7M |
|
1284
CALL
Qorvo
QRVO
$8.32B
| $33M | 0.01% |
323,000
+225,700
| +232% | +$21.7M |
|
1285
CALL
Hertz
HTZ
$795M
| $33M | 0.01% |
1,791,900
+16,400
| +0.9% | +$269K |
|
1286
PUT
Prologis
PLD
$136B
| $33M | 0.01% |
268,700
-324,200
| -55% | -$39.9M |
|
|
RETA
1287
PUT
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $32.9M | 0.01% |
322,900
-114,300
| -26% | -$10.8M |
|
1288
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$10.3B
| $32.9M | 0.01% |
+1,297,445
| New | +$33.2M |
|
1289
CALL
Nutrien
NTR
$34.8B
| $32.9M | 0.01% |
556,600
-77,900
| -12% | -$4.96M |
|
1290
PUT
Cadence Design Systems
CDNS
$91.4B
| $32.9M | 0.01% |
140,100
-13,700
| -9% | -$2.98M |
|
|
1291
PUT
ProShares UltraPro S&P 500
UPRO
$5.5B
| $32.8M | 0.01% |
693,300
-235,000
| -25% | -$9.59M |
|
1292
Lyft
LYFT
$6.68B
| $32.8M | 0.01% |
3,422,826
-318,748
| -9% | -$3.07M |
|
1293
Take-Two Interactive
TTWO
$43.6B
| $32.7M | 0.01% |
221,924
-190,008
| -46% | -$24.8M |
|
1294
PUT
Scorpio Tankers
STNG
$3.87B
| $32.6M | 0.01% |
691,200
+24,300
| +4% | +$1.2M |
|
1295
PUT
Lucid Motors
LCID
$2.07B
| $32.6M | 0.01% |
473,650
+183,420
| +63% | +$13.1M |
|
1296
CALL
Citizens Financial Group
CFG
$29.4B
| $32.4M | 0.01% |
1,243,500
+309,700
| +33% | +$8.53M |
|
1297
CALL
Direxion Daily Financial Bull 3x ETF
FAS
$2.45B
| $32.4M | 0.01% |
509,100
-447,700
| -47% | -$26.4M |
|
1298
PUT
Markel Group
MKL
$22.4B
| $32.4M | 0.01% |
23,400
+4,700
| +25% | +$6.3M |
|
1299
Ecolab
ECL
$81.2B
| $32.3M | 0.01% |
173,002
-125,632
| -42% | -$21.6M |
|
1300
CALL
Teradyne
TER
$57.3B
| $32.3M | 0.01% |
290,100
+170,300
| +142% | +$17.1M |
|
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.