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 | |
|---|---|---|---|---|---|---|
126
CALL
Shopify
SHOP
$192B
| $643M | 0.12% |
8,258,300
+830,300
| +11% | +$53M |
|
127
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $639M | 0.12% |
20,621,300
+7,061,800
| +52% | +$207M |
|
128
CALL
AbbVie
ABBV
$468B
| $637M | 0.12% |
4,108,100
-261,800
| -6% | -$38.2M |
|
129
CALL
Target
TGT
$75.1B
| $625M | 0.12% |
4,385,500
+534,700
| +14% | +$65.3M |
|
130
CALL
Mastercard
MA
$509B
| $624M | 0.12% |
1,463,100
-242,100
| -14% | -$97.3M |
|
131
PUT
TSMC
TSM
$2.17T
| $621M | 0.12% |
5,972,500
-3,107,800
| -34% | -$296M |
|
132
PUT
United States Oil Fund
USO
$2.24B
| $621M | 0.12% |
9,315,800
+2,866,100
| +44% | +$208M |
|
|
133
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $615M | 0.12% |
16,350,031
+11,875,988
| +265% | +$411M |
|
134
PUT
First Solar
FSLR
$23B
| $613M | 0.12% |
3,555,300
-232,500
| -6% | -$35.6M |
|
135
PUT
Walt Disney
DIS
$186B
| $609M | 0.12% |
6,748,200
-689,200
| -9% | -$60.8M |
|
136
PUT
Wells Fargo
WFC
$254B
| $608M | 0.12% |
12,346,000
+1,679,700
| +16% | +$72.5M |
|
|
137
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $607M | 0.12% |
19,589,800
+3,957,400
| +25% | +$116M |
|
138
CALL
Morgan Stanley
MS
$336B
| $600M | 0.11% |
6,433,700
+10,200
| +0.2% | +$816K |
|
139
CALL
ProShares UltraPro QQQ
TQQQ
$35.7B
| $595M | 0.11% |
23,466,600
-19,400
| -0.1% | -$402K |
|
|
140
CALL
TSMC
TSM
$2.17T
| $584M | 0.11% |
5,612,100
+1,324,400
| +31% | +$126M |
|
141
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $583M | 0.11% |
6,520,000
+1,298,200
| +25% | +$108M |
|
142
CALL
Lam Research
LRCX
$393B
| $582M | 0.11% |
7,428,000
-158,000
| -2% | -$10.8M |
|
143
PUT
Super Micro Computer
SMCI
$24.1B
| $580M | 0.11% |
20,420,000
+7,842,000
| +62% | +$217M |
|
144
PUT
Pinduoduo
PDD
$126B
| $577M | 0.11% |
3,945,500
+929,900
| +31% | +$113M |
|
145
CALL
Mercado Libre
MELI
$97.5B
| $572M | 0.11% |
364,200
-40,100
| -10% | -$56.8M |
|
146
CALL
iShares Silver Trust
SLV
$33.8B
| $569M | 0.11% |
26,114,800
+5,917,700
| +29% | +$126M |
|
147
PUT
Snowflake
SNOW
$115B
| $560M | 0.11% |
2,811,700
+383,500
| +16% | +$64.8M |
|
148
CALL
Blackstone
BX
$108B
| $559M | 0.11% |
4,270,500
-1,114,100
| -21% | -$121M |
|
149
CALL
Micron Technology
MU
$1.09T
| $553M | 0.11% |
6,474,600
+969,000
| +18% | +$72M |
|
150
PUT
ServiceNow
NOW
$133B
| $550M | 0.1% |
3,892,000
+1,181,000
| +44% | +$149M |
|
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.