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 | |
|---|---|---|---|---|---|---|
1376
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.27B
| $29.4M | 0.01% |
353,300
+48,200
| +16% | +$3.67M |
|
1377
PUT
Sony
SONY
$141B
| $29.3M | 0.01% |
1,628,000
+166,500
| +11% | +$3.12M |
|
|
CNR
1378
PUT
Core Natural Resources Inc
CNR
$4.81B
| $29.2M | 0.01% |
430,800
+90,600
| +27% | +$5.53M |
|
1379
CALL
Canadian Solar
CSIQ
$970M
| $29.2M | 0.01% |
754,600
+366,800
| +95% | +$14.2M |
|
1380
CALL
Kinross Gold
KGC
$39.7B
| $29.2M | 0.01% |
6,111,700
+3,311,800
| +118% | +$16.5M |
|
1381
CALL
Genuine Parts
GPC
$19B
| $29.1M | 0.01% |
172,100
+86,600
| +101% | +$14.2M |
|
1382
American International
AIG
$39.9B
| $29.1M | 0.01% |
505,710
+13,407
| +3% | +$720K |
|
1383
PUT
Tenet Healthcare
THC
$21.9B
| $29M | 0.01% |
356,900
+171,800
| +93% | +$12.2M |
|
|
NXH
1384
PUT
Neighborhood Intelligence Inc
NXH
$388M
| $29M | 0.01% |
979,880
+660,440
| +207% | +$12.2M |
|
1385
PUT
Cenovus Energy
CVE
$56.7B
| $29M | 0.01% |
1,708,200
-611,500
| -26% | -$10.3M |
|
1386
Chubb
CB
$132B
| $28.9M | 0.01% |
150,314
-76,904
| -34% | -$15.1M |
|
1387
3M
MMM
$92.5B
| $28.9M | 0.01% |
345,755
-508,727
| -60% | -$43.2M |
|
1388
Dimensional International Value ETF
DFIV
$22.1B
| $28.9M | 0.01% |
+878,795
| New | +$28.9M |
|
1389
Capital One
COF
$133B
| $28.9M | 0.01% |
263,905
-16,430
| -6% | -$1.65M |
|
1390
CALL
Vanguard Morningstar Value ETF
VTV
$194B
| $28.8M | 0.01% |
202,900
-98,600
| -33% | -$13.7M |
|
1391
CALL
Baker Hughes
BKR
$61.4B
| $28.8M | 0.01% |
912,100
+561,000
| +160% | +$16.4M |
|
|
APLS
1392
DELISTED
Apellis Pharmaceuticals
APLS
| $28.8M | 0.01% |
315,910
+234,114
| +286% | +$20.2M |
|
1393
PUT
Crown Castle
CCI
$32.5B
| $28.7M | 0.01% |
252,200
+88,100
| +54% | +$10.5M |
|
1394
PUT
Saia
SAIA
$9.17B
| $28.7M | 0.01% |
83,900
+28,500
| +51% | +$8.25M |
|
1395
Motorola Solutions
MSI
$80.3B
| $28.7M | 0.01% |
97,870
-4,575
| -4% | -$1.31M |
|
1396
CALL
KB Home
KBH
$3.5B
| $28.6M | 0.01% |
553,800
-106,600
| -16% | -$4.81M |
|
|
FITB
1397
CALL
Fifth Third Bancorp
FITB
$49.8B
| $28.6M | 0.01% |
1,091,500
+219,800
| +25% | +$5.67M |
|
1398
CALL
Rambus
RMBS
$9.75B
| $28.5M | 0.01% |
444,600
+112,600
| +34% | +$6.2M |
|
1399
PUT
NetApp
NTAP
$36.8B
| $28.5M | 0.01% |
373,400
+17,600
| +5% | +$1.19M |
|
1400
PUT
Pan American Silver
PAAS
$22.5B
| $28.5M | 0.01% |
1,952,400
+1,374,400
| +238% | +$22.7M |
|
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.