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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
CALL
Albertsons Companies
ACI
$6.01B
| $32.3M | 0.01% |
1,406,300
+421,200
| +43% | +$9.3M |
|
1352
Snap
SNAP
$10B
| $32.3M | 0.01% |
1,908,914
-4,376,859
| -70% | -$53.7M |
|
1353
PUT
Insulet
PODD
$9.92B
| $32.3M | 0.01% |
148,900
-30,000
| -17% | -$5.15M |
|
1354
PUT
UBS Group
UBS
$166B
| $32.3M | 0.01% |
1,044,400
+150,400
| +17% | +$3.96M |
|
1355
CALL
2x Long VIX Futures ETF
UVIX
$220M
| $32.2M | 0.01% |
11,719
+10,535
| +890% | +$53.5M |
|
1356
PUT
EPAM Systems
EPAM
$5.77B
| $32.2M | 0.01% |
108,200
-7,700
| -7% | -$1.95M |
|
1357
CALL
iShares Russell 2000 Growth ETF
IWO
$15.1B
| $32.2M | 0.01% |
127,500
+104,500
| +454% | +$23.6M |
|
1358
Pultegroup
PHM
$24.9B
| $32.1M | 0.01% |
311,008
+201,207
| +183% | +$17.1M |
|
1359
Carrier Global
CARR
$48.2B
| $32M | 0.01% |
557,156
+255,260
| +85% | +$13.5M |
|
1360
CALL
Saia
SAIA
$9.17B
| $31.9M | 0.01% |
72,800
-51,400
| -41% | -$20.8M |
|
1361
State Street Technology Select Sector SPDR ETF
XLK
$119B
| $31.9M | 0.01% |
331,056
-714,278
| -68% | -$63.6M |
|
1362
CALL
Ralph Lauren
RL
$21.6B
| $31.8M | 0.01% |
220,800
-45,000
| -17% | -$5.57M |
|
1363
PUT
Axos Financial
AX
$5.61B
| $31.8M | 0.01% |
582,800
-136,300
| -19% | -$5.69M |
|
1364
PUT
PVH
PVH
$3.44B
| $31.8M | 0.01% |
260,400
+17,200
| +7% | +$1.54M |
|
1365
CALL
Stanley Black & Decker
SWK
$14.9B
| $31.7M | 0.01% |
323,200
-52,900
| -14% | -$4.66M |
|
1366
PUT
HP
HPQ
$27B
| $31.7M | 0.01% |
1,053,600
-104,000
| -9% | -$2.91M |
|
1367
PUT
Sanofi
SNY
$110B
| $31.6M | 0.01% |
635,000
+420,900
| +197% | +$20.6M |
|
1368
Estee Lauder
EL
$37.9B
| $31.6M | 0.01% |
215,779
+82,854
| +62% | +$11M |
|
1369
Verisk Analytics
VRSK
$24.5B
| $31.5M | 0.01% |
131,731
+73,367
| +126% | +$17.4M |
|
1370
Align Technology
ALGN
$11.3B
| $31.4M | 0.01% |
114,753
+75,753
| +194% | +$18M |
|
1371
Old Dominion Freight Line
ODFL
$41.1B
| $31.4M | 0.01% |
154,982
+22,702
| +17% | +$4.5M |
|
1372
CALL
W.P. Carey
WPC
$16.4B
| $31.4M | 0.01% |
483,900
-134,928
| -22% | -$7.77M |
|
1373
CALL
GE HealthCare
GEHC
$33.4B
| $31.3M | 0.01% |
405,000
+130,400
| +47% | +$9.13M |
|
1374
PUT
Public Storage
PSA
$60.3B
| $31.3M | 0.01% |
102,600
-36,500
| -26% | -$9.69M |
|
1375
CALL
Novartis
NVS
$304B
| $31.2M | 0.01% |
309,400
-47,900
| -13% | -$4.62M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.