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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
CALL
Intercontinental Exchange
ICE
$90.8B
| $30.5M | 0.01% |
292,200
-338,000
| -54% | -$35.2M |
|
1302
Fortinet
FTNT
$113B
| $30.4M | 0.01% |
457,567
+46,953
| +11% | +$2.67M |
|
|
P
1303
CALL
Everpure Inc
P
$34.2B
| $30.4M | 0.01% |
1,190,000
+600,200
| +102% | +$16.2M |
|
1304
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.8B
| $30.3M | 0.01% |
523,300
-236,400
| -31% | -$12.8M |
|
1305
PNC Financial Services
PNC
$97.4B
| $30.2M | 0.01% |
237,984
+59,269
| +33% | +$8.94M |
|
1306
Okta
OKTA
$22.7B
| $30.2M | 0.01% |
350,559
-30,631
| -8% | -$2.33M |
|
1307
PUT
Duolingo
DUOL
$6.83B
| $30.2M | 0.01% |
212,000
+158,300
| +295% | +$16.3M |
|
1308
CALL
Manchester United
MANU
$4.12B
| $30.2M | 0.01% |
1,363,100
-447,400
| -25% | -$10.1M |
|
|
1309
Intercontinental Exchange
ICE
$90.8B
| $30.1M | 0.01% |
288,734
+46,709
| +19% | +$4.86M |
|
|
1310
PUT
Fortinet
FTNT
$113B
| $30.1M | 0.01% |
452,800
-24,300
| -5% | -$1.38M |
|
1311
General Mills
GIS
$21.3B
| $30.1M | 0.01% |
352,062
+117,043
| +50% | +$9.35M |
|
1312
CALL
Ascendis Pharma A/S
ASND
$16.6B
| $30M | 0.01% |
279,600
+125,400
| +81% | +$14.3M |
|
1313
CALL
Cenovus Energy
CVE
$56.7B
| $29.9M | 0.01% |
1,710,900
-777,700
| -31% | -$14.3M |
|
1314
PUT
Molina Healthcare
MOH
$10.4B
| $29.8M | 0.01% |
111,500
-56,400
| -34% | -$16.2M |
|
1315
CALL
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.57B
| $29.8M | 0.01% |
710,800
-122,200
| -15% | -$4.6M |
|
1316
PUT
Upstart Holdings
UPST
$2.98B
| $29.7M | 0.01% |
1,869,100
+48,200
| +3% | +$811K |
|
|
API
1317
Agora
API
$348M
| $29.6M | 0.01% |
8,189,675
| – | – |
|
1318
iShares Semiconductor ETF
SOXX
$41.9B
| $29.6M | 0.01% |
199,716
+63,099
| +46% | +$8.6M |
|
1319
Travelers Companies
TRV
$77.1B
| $29.6M | 0.01% |
172,536
+48,408
| +39% | +$8.8M |
|
1320
CALL
Direxion Daily FTSE China Bull 3X ETF
YINN
$676M
| $29.5M | 0.01% |
621,500
-116,200
| -16% | -$6.17M |
|
1321
PUT
Realty Income
O
$59.5B
| $29.5M | 0.01% |
466,100
+111,500
| +31% | +$7.22M |
|
1322
CALL
T. Rowe Price
TROW
$24.1B
| $29.4M | 0.01% |
260,300
+50,400
| +24% | +$5.76M |
|
|
MRO
1323
PUT
DELISTED
Marathon Oil Corporation
MRO
| $29.4M | 0.01% |
1,226,500
-1,098,400
| -47% | -$28.1M |
|
1324
Motorola Solutions
MSI
$80.3B
| $29.3M | 0.01% |
102,445
+31,746
| +45% | +$8.38M |
|
1325
Constellation Brands
STZ
$23.1B
| $29.3M | 0.01% |
129,717
+43,967
| +51% | +$9.78M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.