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
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CALL
Wells Fargo
WFC
$254B
| $514M | 0.11% |
12,575,500
+3,194,200
| +34% | +$138M |
|
127
CALL
Mercado Libre
MELI
$97.5B
| $513M | 0.11% |
404,300
-61,100
| -13% | -$77.7M |
|
128
Citigroup
C
$221B
| $512M | 0.11% |
12,453,918
-1,502,037
| -11% | -$65.9M |
|
129
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $511M | 0.11% |
3,523,700
-1,084,100
| -24% | -$164M |
|
130
PUT
Johnson & Johnson
JNJ
$651B
| $510M | 0.11% |
3,273,300
-746,000
| -19% | -$123M |
|
131
PUT
McDonald's
MCD
$192B
| $507M | 0.11% |
1,926,400
+61,800
| +3% | +$17.6M |
|
132
CALL
IBM
IBM
$222B
| $504M | 0.11% |
3,595,600
-326,900
| -8% | -$46.5M |
|
133
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $502M | 0.1% |
15,143,900
+1,102,800
| +8% | +$38M |
|
134
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $501M | 0.1% |
6,110,000
+2,407,200
| +65% | +$206M |
|
135
PUT
Micron Technology
MU
$1.09T
| $496M | 0.1% |
7,288,600
-2,167,400
| -23% | -$145M |
|
136
CALL
AutoZone
AZO
$48.3B
| $488M | 0.1% |
192,200
+65,200
| +51% | +$164M |
|
137
CALL
Airbnb
ABNB
$110B
| $488M | 0.1% |
3,553,800
-57,700
| -2% | -$7.97M |
|
138
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $487M | 0.1% |
15,891,000
-716,400
| -4% | -$22.8M |
|
139
PUT
Mastercard
MA
$509B
| $479M | 0.1% |
1,210,100
-265,000
| -18% | -$106M |
|
140
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $478M | 0.1% |
580,300
-246,900
| -30% | -$194M |
|
141
CALL
Lam Research
LRCX
$393B
| $475M | 0.1% |
7,586,000
-721,000
| -9% | -$47.4M |
|
142
CALL
PayPal
PYPL
$52.7B
| $474M | 0.1% |
8,113,000
-376,400
| -4% | -$24.5M |
|
143
CALL
Cisco
CSCO
$438B
| $467M | 0.1% |
8,681,000
+1,782,500
| +26% | +$96.2M |
|
|
144
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $467M | 0.1% |
3,218,100
+81,100
| +3% | +$12.3M |
|
145
PUT
Oracle
ORCL
$422B
| $466M | 0.1% |
4,401,600
+992,500
| +29% | +$115M |
|
146
CALL
Vale
VALE
$62.1B
| $458M | 0.1% |
34,162,600
+21,270,000
| +165% | +$290M |
|
|
147
PUT
AutoZone
AZO
$48.3B
| $448M | 0.09% |
176,300
+42,000
| +31% | +$105M |
|
|
148
PUT
Mercado Libre
MELI
$97.5B
| $448M | 0.09% |
353,000
-195,400
| -36% | -$249M |
|
149
PUT
Intel
INTC
$476B
| $448M | 0.09% |
12,588,100
+396,300
| +3% | +$13.8M |
|
150
PUT
MongoDB
MDB
$34.7B
| $439M | 0.09% |
1,269,400
+218,100
| +21% | +$82.8M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.