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 | |
|---|---|---|---|---|---|---|
1451
JPMorgan Equity Premium Income ETF
JEPI
$46.5B
| $26.9M | 0.01% |
486,200
+369,200
| +316% | +$20.2M |
|
|
PPL
1452
CALL
PPL Corp
PPL
$26.3B
| $26.9M | 0.01% |
1,016,100
-182,600
| -15% | -$5.04M |
|
1453
PUT
New Oriental
EDU
$9.08B
| $26.9M | 0.01% |
680,500
-210,900
| -24% | -$8.44M |
|
1454
CALL
Celanese
CE
$4.89B
| $26.9M | 0.01% |
231,900
+169,400
| +271% | +$18.4M |
|
1455
Sherwin-Williams
SHW
$85.1B
| $26.8M | 0.01% |
101,078
-153,314
| -60% | -$36.1M |
|
1456
CALL
Helen of Troy
HELE
$673M
| $26.8M | 0.01% |
248,000
-34,300
| -12% | -$3.28M |
|
1457
HP
HPQ
$27B
| $26.7M | 0.01% |
870,350
-308,585
| -26% | -$9.26M |
|
1458
PUT
Tapestry
TPR
$25.9B
| $26.7M | 0.01% |
623,100
+59,800
| +11% | +$2.49M |
|
1459
CALL
Range Resources
RRC
$9.58B
| $26.7M | 0.01% |
906,900
+178,700
| +25% | +$4.86M |
|
1460
CALL
Molina Healthcare
MOH
$10.4B
| $26.7M | 0.01% |
88,500
-9,100
| -9% | -$2.62M |
|
1461
Align Technology
ALGN
$11.3B
| $26.6M | 0.01% |
75,314
-62,959
| -46% | -$20M |
|
1462
CALL
Aptiv
APTV
$9.68B
| $26.6M | 0.01% |
260,100
+74,900
| +40% | +$7.41M |
|
1463
PUT
e.l.f. Beauty
ELF
$6.24B
| $26.5M | 0.01% |
232,400
+181,100
| +353% | +$17.4M |
|
1464
CALL
Canadian Pacific Kansas City
CP
$82.9B
| $26.5M | 0.01% |
328,400
-114,500
| -26% | -$9.04M |
|
1465
PUT
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.31B
| $26.5M | 0.01% |
162,600
-19,900
| -11% | -$2.99M |
|
1466
Ametek
AME
$55.4B
| $26.5M | 0.01% |
163,453
-26,636
| -14% | -$3.89M |
|
1467
Academy Sports + Outdoors
ASO
$2.7B
| $26.4M | 0.01% |
488,320
+117,909
| +32% | +$6.77M |
|
1468
CALL
Polaris
PII
$3.62B
| $26.4M | 0.01% |
218,100
+52,700
| +32% | +$5.82M |
|
1469
PUT
Allstate
ALL
$65.1B
| $26.3M | 0.01% |
241,600
-19,900
| -8% | -$2.26M |
|
1470
CALL
Zimmer Biomet
ZBH
$19.1B
| $26.3M | 0.01% |
180,500
+121,300
| +205% | +$16.5M |
|
1471
CALL
Royal Bank of Canada
RY
$288B
| $26.2M | 0.01% |
274,800
+54,500
| +25% | +$5.2M |
|
1472
CALL
Logitech
LOGI
$14.1B
| $26.2M | 0.01% |
441,500
+69,600
| +19% | +$4.21M |
|
1473
W.P. Carey
WPC
$16.4B
| $26.2M | 0.01% |
396,007
+147,962
| +60% | +$10.3M |
|
1474
CALL
Cenovus Energy
CVE
$56.7B
| $26.2M | 0.01% |
1,541,900
-169,000
| -10% | -$2.85M |
|
1475
PUT
Pultegroup
PHM
$24.9B
| $26.2M | 0.01% |
337,000
-85,800
| -20% | -$5.82M |
|
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.