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 | |
|---|---|---|---|---|---|---|
1426
PUT
PPG Industries
PPG
$25.3B
| $27.5M | 0.01% |
185,700
+80,300
| +76% | +$11.2M |
|
1427
Verisk Analytics
VRSK
$24.5B
| $27.5M | 0.01% |
121,784
+26,930
| +28% | +$5.66M |
|
1428
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.1B
| $27.5M | 0.01% |
370,452
+149,996
| +68% | +$11.3M |
|
1429
CALL
Annaly Capital Management
NLY
$17.4B
| $27.5M | 0.01% |
1,373,000
-151,100
| -10% | -$2.94M |
|
1430
CALL
MPLX
MPLX
$59.2B
| $27.5M | 0.01% |
809,000
-724,500
| -47% | -$24.7M |
|
1431
CALL
Alaska Air
ALK
$4.84B
| $27.4M | 0.01% |
515,900
+126,600
| +33% | +$5.76M |
|
1432
PUT
US Global Jets ETF
JETS
$808M
| $27.4M | 0.01% |
1,278,800
+192,000
| +18% | +$3.61M |
|
1433
WIX.com
WIX
$3.6B
| $27.4M | 0.01% |
349,920
+220,949
| +171% | +$18.2M |
|
|
PXD
1434
DELISTED
Pioneer Natural Resource Co.
PXD
| $27.3M | 0.01% |
131,848
-67,593
| -34% | -$14.2M |
|
1435
Keurig Dr Pepper
KDP
$43.3B
| $27.3M | 0.01% |
873,483
+127,829
| +17% | +$4.2M |
|
1436
CALL
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $27.2M | 0.01% |
669,700
-431,100
| -39% | -$17.4M |
|
1437
NetApp
NTAP
$36.8B
| $27.2M | 0.01% |
356,223
+107,834
| +43% | +$7.28M |
|
1438
Cardinal Health
CAH
$55.3B
| $27.2M | 0.01% |
287,483
-7,286
| -2% | -$615K |
|
1439
PUT
Check Point Software Technologies
CHKP
$13.2B
| $27.2M | 0.01% |
216,300
+18,300
| +9% | +$2.3M |
|
|
ANSS
1440
CALL
DELISTED
Ansys
ANSS
| $27.1M | 0.01% |
82,200
+14,000
| +21% | +$4.44M |
|
1441
PUT
HSBC
HSBC
$358B
| $27.1M | 0.01% |
684,900
-368,700
| -35% | -$13.8M |
|
1442
PUT
Range Resources
RRC
$9.58B
| $27.1M | 0.01% |
922,500
+518,700
| +128% | +$14.1M |
|
1443
PUT
Fidelity National Information Services
FIS
$20.9B
| $27.1M | 0.01% |
495,300
-912,200
| -65% | -$50.2M |
|
|
AVB
1444
DELISTED
AvalonBay Communities
AVB
| $27.1M | 0.01% |
142,986
-14,251
| -9% | -$2.54M |
|
1445
CALL
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $27M | 0.01% |
490,400
+235,600
| +92% | +$12.4M |
|
1446
CALL
Jabil
JBL
$32.3B
| $27M | 0.01% |
249,800
+85,700
| +52% | +$7.55M |
|
1447
CALL
Equinor
EQNR
$97.8B
| $27M | 0.01% |
922,900
-166,400
| -15% | -$4.74M |
|
1448
Sarepta Therapeutics
SRPT
$2B
| $27M | 0.01% |
235,361
+95,534
| +68% | +$12.3M |
|
1449
United Rentals
URI
$65.6B
| $26.9M | 0.01% |
60,501
+15,504
| +34% | +$5.75M |
|
1450
RingCentral
RNG
$5.48B
| $26.9M | 0.01% |
823,160
-547,829
| -40% | -$16.8M |
|
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.