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 | |
|---|---|---|---|---|---|---|
1426
Constellation Brands
STZ
$23.1B
| $29.4M | 0.01% |
121,666
-92,412
| -43% | -$22M |
|
1427
PUT
Cognizant
CTSH
$28.4B
| $29.4M | 0.01% |
389,400
-64,900
| -14% | -$4.48M |
|
1428
CALL
Republic Services
RSG
$67.7B
| $29.4M | 0.01% |
178,300
+106,200
| +147% | +$16.5M |
|
1429
CALL
Quest Diagnostics
DGX
$27B
| $29.4M | 0.01% |
213,200
-28,700
| -12% | -$3.77M |
|
1430
PUT
Aon
AON
$75.3B
| $29.3M | 0.01% |
100,600
+34,000
| +51% | +$10.9M |
|
1431
PUT
Cummins
CMI
$78.8B
| $29.3M | 0.01% |
122,100
-51,600
| -30% | -$11.7M |
|
1432
PUT
iShares Russell 1000 ETF
IWB
$48.9B
| $29.2M | 0.01% |
111,500
+104,700
| +1,540% | +$25.6M |
|
1433
CALL
ZIM Integrated Shipping Services
ZIM
$3.38B
| $29.2M | 0.01% |
2,958,500
+1,283,900
| +77% | +$10.8M |
|
1434
PUT
PENN Entertainment
PENN
$2.38B
| $29.2M | 0.01% |
1,121,000
-97,600
| -8% | -$2.26M |
|
1435
PUT
Schwab US Dividend Equity ETF
SCHD
$112B
| $29.2M | 0.01% |
1,149,300
-195,000
| -15% | -$4.65M |
|
1436
PUT
Baxter International
BAX
$13.6B
| $29.1M | 0.01% |
753,500
+284,000
| +60% | +$10M |
|
1437
CALL
Deutsche Bank
DB
$73.4B
| $29.1M | 0.01% |
2,148,000
+829,600
| +63% | +$9.76M |
|
1438
APA Corp
APA
$14.5B
| $29.1M | 0.01% |
810,830
+498,640
| +160% | +$18.8M |
|
1439
PUT
Global Payments
GPN
$24.8B
| $29M | 0.01% |
228,700
+7,900
| +4% | +$915K |
|
|
IRBT
1440
PUT
DELISTED
iRobot
IRBT
| $29M | 0.01% |
750,400
+543,900
| +263% | +$19.4M |
|
1441
Microchip Technology
MCHP
$39.9B
| $29M | 0.01% |
321,398
-124,377
| -28% | -$10.1M |
|
|
1442
CALL
Baxter International
BAX
$13.6B
| $28.9M | 0.01% |
748,800
+301,600
| +67% | +$10.7M |
|
1443
PUT
State Street
STT
$53B
| $28.9M | 0.01% |
373,500
-169,000
| -31% | -$11.8M |
|
1444
Roper Technologies
ROP
$40.9B
| $28.9M | 0.01% |
53,061
-161,549
| -75% | -$83.2M |
|
1445
CALL
American Eagle Outfitters
AEO
$2.8B
| $28.7M | 0.01% |
1,357,900
+114,100
| +9% | +$2.13M |
|
1446
CME Group
CME
$99.7B
| $28.6M | 0.01% |
135,908
-197,537
| -59% | -$42.1M |
|
1447
PUT
eBay
EBAY
$47.2B
| $28.5M | 0.01% |
652,400
-642,500
| -50% | -$26.6M |
|
1448
PUT
Robinhood
HOOD
$101B
| $28.3M | 0.01% |
2,223,500
+947,500
| +74% | +$9.41M |
|
1449
CALL
Invesco CurrencyShares Japanese Yen Trust
FXY
$461M
| $28.3M | 0.01% |
429,900
+421,100
| +4,785% | +$26.5M |
|
1450
PUT
Campbell Soup
CPB
$7B
| $28.3M | 0.01% |
654,400
+217,000
| +50% | +$8.92M |
|
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.