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 | |
|---|---|---|---|---|---|---|
1551
CALL
Axsome Therapeutics
AXSM
$10.8B
| $25.5M | ﹤0.01% |
321,000
+16,100
| +5% | +$1.08M |
|
1552
PUT
Cenovus Energy
CVE
$56.7B
| $25.5M | ﹤0.01% |
1,534,400
+152,100
| +11% | +$2.79M |
|
1553
CALL
Centene
CNC
$32.1B
| $25.5M | ﹤0.01% |
343,600
-183,000
| -35% | -$13.2M |
|
1554
CALL
Alamos Gold
AGI
$16.3B
| $25.5M | ﹤0.01% |
1,892,700
+467,100
| +33% | +$6.11M |
|
|
MRSH
1555
Marsh
MRSH
$92.3B
| $25.5M | ﹤0.01% |
134,505
-56,381
| -30% | -$10.9M |
|
1556
PUT
-1x Short VIX Futures ETF
SVIX
$159M
| $25.5M | ﹤0.01% |
675,000
-24,100
| -3% | -$745K |
|
1557
CALL
Shake Shack
SHAK
$2.99B
| $25.4M | ﹤0.01% |
343,000
+91,900
| +37% | +$5.64M |
|
1558
CALL
Boyd Gaming
BYD
$5.89B
| $25.4M | ﹤0.01% |
405,900
+11,700
| +3% | +$693K |
|
1559
PUT
Allegro MicroSystems
ALGM
$6.98B
| $25.4M | ﹤0.01% |
838,800
+570,100
| +212% | +$16.3M |
|
1560
PUT
Watsco Inc
WSO
$12.5B
| $25.4M | ﹤0.01% |
59,200
+21,700
| +58% | +$8.41M |
|
1561
CALL
Gold Fields
GFI
$43.7B
| $25.3M | ﹤0.01% |
1,751,700
+67,700
| +4% | +$936K |
|
1562
CALL
FIVE9
FIVN
$2.41B
| $25.3M | ﹤0.01% |
321,800
+4,900
| +2% | +$341K |
|
1563
CALL
Yelp
YELP
$1.29B
| $25.3M | ﹤0.01% |
534,900
+36,100
| +7% | +$1.59M |
|
1564
PUT
Western Alliance Bancorporation
WAL
$8.69B
| $25.3M | ﹤0.01% |
384,100
-284,600
| -43% | -$14.4M |
|
1565
W.W. Grainger
GWW
$61.3B
| $25.2M | ﹤0.01% |
30,434
+12,077
| +66% | +$9.3M |
|
1566
CALL
Frontline
FRO
$9.68B
| $25.2M | ﹤0.01% |
1,256,400
+390,200
| +45% | +$8.07M |
|
1567
PUT
Motorola Solutions
MSI
$80.3B
| $25.1M | ﹤0.01% |
80,300
-14,300
| -15% | -$4.33M |
|
1568
PUT
Keysight
KEYS
$54.5B
| $25.1M | ﹤0.01% |
158,000
-30,200
| -16% | -$4.1M |
|
1569
PPG Industries
PPG
$25.3B
| $25.1M | ﹤0.01% |
168,034
+38,996
| +30% | +$5.28M |
|
1570
PUT
Travelers Companies
TRV
$77.1B
| $25.1M | ﹤0.01% |
131,900
+53,200
| +68% | +$9.21M |
|
1571
CALL
First Citizens BancShares
FCNCA
$24.4B
| $25.1M | ﹤0.01% |
17,700
-20,100
| -53% | -$28.2M |
|
1572
PUT
Lamb Weston
LW
$7.61B
| $25.1M | ﹤0.01% |
232,100
+57,700
| +33% | +$5.56M |
|
1573
PUT
BJs Wholesale Club
BJ
$12.1B
| $25.1M | ﹤0.01% |
376,200
+72,700
| +24% | +$4.92M |
|
1574
CALL
iShares TIPS Bond ETF
TIP
$15.1B
| $25M | ﹤0.01% |
232,900
-202,900
| -47% | -$21.2M |
|
1575
Shopify
SHOP
$198B
| $25M | ﹤0.01% |
321,295
+265,641
| +477% | +$17M |
|
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.