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 | |
|---|---|---|---|---|---|---|
1351
CALL
Keysight
KEYS
$54.5B
| $30.4M | 0.01% |
181,500
+41,100
| +29% | +$6.38M |
|
1352
PUT
Aon
AON
$75.3B
| $30.4M | 0.01% |
88,000
+57,100
| +185% | +$18.5M |
|
1353
PUT
Unilever
UL
$140B
| $30.4M | 0.01% |
517,867
+285,423
| +123% | +$16.9M |
|
1354
CALL
AutoNation
AN
$6.51B
| $30.4M | 0.01% |
184,500
-57,500
| -24% | -$7.98M |
|
1355
Maravai LifeSciences
MRVI
$1.34B
| $30.3M | 0.01% |
2,439,078
+1,765,967
| +262% | +$23.8M |
|
1356
CALL
Dynatrace
DT
$14.5B
| $30.2M | 0.01% |
587,600
+83,200
| +16% | +$3.9M |
|
1357
CALL
AGNC Investment
AGNC
$12.9B
| $30.2M | 0.01% |
2,981,300
+1,087,000
| +57% | +$10.6M |
|
1358
CALL
WIX.com
WIX
$3.6B
| $30.2M | 0.01% |
385,800
-252,700
| -40% | -$20.8M |
|
1359
PUT
Insulet
PODD
$9.92B
| $30.2M | 0.01% |
104,600
-35,100
| -25% | -$10.7M |
|
1360
American Tower
AMT
$83.2B
| $30.1M | 0.01% |
155,228
-221,414
| -59% | -$43.3M |
|
1361
PUT
PBF Energy
PBF
$7.88B
| $30M | 0.01% |
733,500
+337,200
| +85% | +$12.8M |
|
1362
United States Oil Fund
USO
$1.97B
| $30M | 0.01% |
472,483
+285,821
| +153% | +$18.6M |
|
1363
CALL
Northern Oil and Gas
NOG
$2.82B
| $30M | 0.01% |
874,100
+616,600
| +239% | +$20M |
|
1364
CALL
American Water Works
AWK
$27.3B
| $29.9M | 0.01% |
209,400
+117,500
| +128% | +$17.3M |
|
|
CMA
1365
PUT
DELISTED
Comerica
CMA
| $29.8M | 0.01% |
703,500
+300,100
| +74% | +$12.1M |
|
1366
CALL
Teladoc Health
TDOC
$1.12B
| $29.8M | 0.01% |
1,176,600
+233,800
| +25% | +$5.88M |
|
1367
CALL
Toll Brothers
TOL
$13.9B
| $29.7M | 0.01% |
376,200
+106,100
| +39% | +$7.12M |
|
1368
PUT
Sigma Lithium
SGML
$1.39B
| $29.6M | 0.01% |
734,800
+351,900
| +92% | +$13.4M |
|
1369
PUT
State Street
STT
$53B
| $29.6M | 0.01% |
404,100
+200,600
| +99% | +$14.4M |
|
1370
PUT
Aramark
ARMK
$15.6B
| $29.6M | 0.01% |
951,357
+615,910
| +184% | +$16.8M |
|
1371
Bank of Montreal
BMO
$121B
| $29.5M | 0.01% |
327,196
+312,196
| +2,081% | +$27.6M |
|
1372
PUT
Arbor Realty Trust
ABR
$961M
| $29.5M | 0.01% |
1,991,600
+936,800
| +89% | +$11.6M |
|
|
1373
Aon
AON
$75.3B
| $29.5M | 0.01% |
85,465
-19,671
| -19% | -$6.39M |
|
1374
CALL
SentinelOne
S
$6.96B
| $29.5M | 0.01% |
1,953,200
+968,300
| +98% | +$16.4M |
|
1375
Progressive
PGR
$129B
| $29.5M | 0.01% |
222,565
-88,947
| -29% | -$11.9M |
|
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.