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 | |
|---|---|---|---|---|---|---|
1501
Quanta Services
PWR
$90.8B
| $25.2M | 0.01% |
128,493
+8,756
| +7% | +$1.53M |
|
1502
CALL
Axsome Therapeutics
AXSM
$10.8B
| $25.1M | 0.01% |
349,900
-26,100
| -7% | -$1.93M |
|
1503
CALL
Diageo
DEO
$52.7B
| $25.1M | 0.01% |
144,700
+30,400
| +27% | +$5.43M |
|
1504
CALL
Silicon Motion
SIMO
$8.2B
| $25.1M | 0.01% |
349,100
+249,100
| +249% | +$15.9M |
|
1505
CALL
Travelers Companies
TRV
$77.1B
| $25M | 0.01% |
144,200
-7,400
| -5% | -$1.31M |
|
1506
CALL
Realty Income
O
$59.5B
| $25M | 0.01% |
418,500
-73,600
| -15% | -$4.49M |
|
1507
Fastenal
FAST
$57.7B
| $25M | 0.01% |
845,952
-306,112
| -27% | -$8.37M |
|
1508
PUT
PennyMac Financial
PFSI
$3.85B
| $24.9M | 0.01% |
354,100
+59,200
| +20% | +$3.75M |
|
1509
Equinix
EQIX
$106B
| $24.9M | 0.01% |
31,720
-19,352
| -38% | -$14.2M |
|
1510
PUT
Ecolab
ECL
$81.2B
| $24.8M | 0.01% |
133,100
-18,800
| -12% | -$3.24M |
|
1511
CALL
Clean Harbors
CLH
$16.3B
| $24.8M | 0.01% |
151,100
+137,000
| +972% | +$20M |
|
1512
CALL
InMode
INMD
$865M
| $24.8M | 0.01% |
664,800
-197,500
| -23% | -$6.9M |
|
|
JWN
1513
PUT
DELISTED
Nordstrom
JWN
| $24.8M | 0.01% |
1,212,900
-286,200
| -19% | -$4.81M |
|
|
IMGN
1514
DELISTED
Immunogen Inc
IMGN
| $24.8M | 0.01% |
1,315,658
+656,842
| +100% | +$7.76M |
|
1515
PUT
Dynatrace
DT
$14.5B
| $24.8M | 0.01% |
482,300
+275,700
| +133% | +$12.9M |
|
1516
Edwards Lifesciences
EW
$52.4B
| $24.8M | 0.01% |
262,708
-109,695
| -29% | -$9.53M |
|
1517
Southern Company
SO
$103B
| $24.8M | 0.01% |
352,424
-271,627
| -44% | -$19.5M |
|
1518
CALL
Lumentum
LITE
$79.4B
| $24.7M | 0.01% |
435,800
+301,200
| +224% | +$15.1M |
|
|
SWAV
1519
CALL
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $24.6M | 0.01% |
86,200
-21,900
| -20% | -$6.08M |
|
1520
Macy's
M
$5.94B
| $24.5M | 0.01% |
1,529,586
+1,061,783
| +227% | +$17M |
|
1521
Rockwell Automation
ROK
$47.7B
| $24.5M | 0.01% |
74,433
-15,381
| -17% | -$4.44M |
|
1522
CALL
Copart
CPRT
$30.9B
| $24.5M | 0.01% |
537,400
+168,600
| +46% | +$6.99M |
|
1523
GitLab
GTLB
$7.04B
| $24.5M | 0.01% |
479,397
+38,354
| +9% | +$1.43M |
|
|
ARCH
1524
CALL
DELISTED
Arch Resources, Inc.
ARCH
| $24.5M | 0.01% |
217,000
+30,500
| +16% | +$3.66M |
|
1525
CALL
Dropbox
DBX
$7.56B
| $24.5M | 0.01% |
917,000
+428,100
| +88% | +$9.76M |
|
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.