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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $539M | 0.11% |
4,095,400
-158,400
| -4% | -$19M |
|
127
CALL
Citigroup
C
$221B
| $539M | 0.11% |
11,492,000
-370,000
| -3% | -$18.2M |
|
|
XYZ
128
CALL
Block Inc
XYZ
$49.4B
| $537M | 0.11% |
7,819,100
+540,500
| +7% | +$40.5M |
|
129
PUT
Qualcomm
QCOM
$169B
| $535M | 0.11% |
4,194,700
+496,000
| +13% | +$61.7M |
|
130
PUT
Wells Fargo
WFC
$254B
| $535M | 0.11% |
14,305,200
-342,500
| -2% | -$14.9M |
|
131
CALL
Snowflake
SNOW
$115B
| $535M | 0.11% |
3,464,400
+422,900
| +14% | +$62M |
|
132
PUT
Johnson & Johnson
JNJ
$651B
| $532M | 0.11% |
3,434,500
+410,600
| +14% | +$66.3M |
|
133
PUT
Micron Technology
MU
$1.09T
| $526M | 0.11% |
8,724,700
+1,418,500
| +19% | +$83.1M |
|
134
PUT
PepsiCo
PEP
$196B
| $520M | 0.11% |
2,854,000
+1,133,200
| +66% | +$198M |
|
135
CALL
Intuit
INTU
$100B
| $516M | 0.11% |
1,158,000
+114,700
| +11% | +$47.1M |
|
136
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $513M | 0.11% |
4,017,500
-809,500
| -17% | -$107M |
|
137
CALL
AT&T
T
$173B
| $511M | 0.11% |
26,544,100
+2,765,700
| +12% | +$52.9M |
|
138
CALL
Cisco
CSCO
$438B
| $508M | 0.11% |
9,720,800
+1,601,600
| +20% | +$78.2M |
|
|
139
Citigroup
C
$221B
| $500M | 0.11% |
10,668,102
-994,717
| -9% | -$48.8M |
|
140
PUT
McDonald's
MCD
$192B
| $498M | 0.11% |
1,782,800
-2,100
| -0.1% | -$563K |
|
141
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $494M | 0.11% |
18,051,600
+842,100
| +5% | +$23.6M |
|
142
CALL
Lam Research
LRCX
$393B
| $494M | 0.11% |
9,316,000
-855,000
| -8% | -$42M |
|
143
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $492M | 0.1% |
6,517,800
-1,057,000
| -14% | -$72.7M |
|
|
144
NVIDIA
NVDA
$5.2T
| $490M | 0.1% |
17,645,980
-18,074,170
| -51% | -$391M |
|
|
PXD
145
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $490M | 0.1% |
2,399,000
+1,093,300
| +84% | +$235M |
|
146
CALL
Union Pacific
UNP
$183B
| $484M | 0.1% |
2,405,400
+1,255,600
| +109% | +$254M |
|
|
XYZ
147
PUT
Block Inc
XYZ
$49.4B
| $483M | 0.1% |
7,033,600
+801,900
| +13% | +$60M |
|
|
148
CALL
Qualcomm
QCOM
$169B
| $482M | 0.1% |
3,779,500
-605,300
| -14% | -$75.3M |
|
149
PUT
Ulta Beauty
ULTA
$22.4B
| $478M | 0.1% |
875,300
+48,000
| +6% | +$24.6M |
|
150
PUT
lululemon athletica
LULU
$13.7B
| $472M | 0.1% |
1,296,900
+411,000
| +46% | +$129M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.