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 | |
|---|---|---|---|---|---|---|
1576
PUT
EPAM Systems
EPAM
$5.57B
| $23.2M | ﹤0.01% |
103,300
-6,800
| -6% | -$1.71M |
|
1577
PUT
ProShares UltraShort Bloomberg Natural Gas
KOLD
$104M
| $23.2M | ﹤0.01% |
836,400
+222,000
| +36% | +$8.01M |
|
1578
CALL
ProShares Ultra Bloomberg Crude Oil
UCO
$378M
| $23.2M | ﹤0.01% |
980,000
+383,800
| +64% | +$9.63M |
|
1579
Rivian
RIVN
$23.9B
| $23.1M | ﹤0.01% |
1,387,208
-839,480
| -38% | -$11.7M |
|
1580
CALL
Icahn Enterprises
IEP
$4.75B
| $23.1M | ﹤0.01% |
796,100
+629,500
| +378% | +$22.9M |
|
1581
CALL
iShares MSCI Germany ETF
EWG
$1.74B
| $23.1M | ﹤0.01% |
808,100
-297,400
| -27% | -$8.54M |
|
1582
CALL
SL Green Realty
SLG
$4.24B
| $23.1M | ﹤0.01% |
768,200
+399,800
| +109% | +$9.65M |
|
1583
PUT
Zebra Technologies
ZBRA
$17.3B
| $23M | ﹤0.01% |
77,800
-8,300
| -10% | -$2.33M |
|
|
TRTN
1584
CALL
DELISTED
Triton International Limited
TRTN
| $23M | ﹤0.01% |
276,200
-246,800
| -47% | -$20M |
|
|
KRTX
1585
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $22.9M | ﹤0.01% |
105,783
+60,487
| +134% | +$13M |
|
|
DFS
1586
DELISTED
Discover Financial Services
DFS
| $22.9M | ﹤0.01% |
196,117
+493
| +0.3% | +$51.7K |
|
1587
CALL
Intercontinental Exchange
ICE
$91.1B
| $22.9M | ﹤0.01% |
202,600
-89,600
| -31% | -$9.7M |
|
1588
Pan American Silver
PAAS
$22B
| $22.9M | ﹤0.01% |
1,570,059
+475,072
| +43% | +$7.85M |
|
1589
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$296M
| $22.9M | ﹤0.01% |
778,500
-624,500
| -45% | -$18.2M |
|
1590
TransDigm Group
TDG
$67.4B
| $22.9M | ﹤0.01% |
25,560
-9,380
| -27% | -$7.42M |
|
1591
CALL
Universal Display
OLED
$4.06B
| $22.8M | ﹤0.01% |
158,400
-4,000
| -2% | -$573K |
|
1592
PUT
Asana
ASAN
$2.13B
| $22.8M | ﹤0.01% |
1,035,100
-214,900
| -17% | -$4.31M |
|
1593
PUT
Vanguard Dividend Appreciation ETF
VIG
$114B
| $22.8M | ﹤0.01% |
140,300
+22,400
| +19% | +$3.51M |
|
1594
CALL
OneMain Financial
OMF
$7.28B
| $22.8M | ﹤0.01% |
521,400
+312,100
| +149% | +$12.2M |
|
1595
LPL Financial
LPLA
$27.9B
| $22.8M | ﹤0.01% |
104,750
-74,663
| -42% | -$15M |
|
1596
Surgery Partners
SGRY
$1.87B
| $22.7M | ﹤0.01% |
505,662
+147,410
| +41% | +$5.63M |
|
1597
CALL
Dutch Bros
BROS
$7.04B
| $22.7M | ﹤0.01% |
799,000
+40,800
| +5% | +$1.21M |
|
|
BNY
1598
PUT
Bank of New York Mellon
BNY
$111B
| $22.7M | ﹤0.01% |
509,700
-705,300
| -58% | -$30.3M |
|
1599
CALL
Conagra Brands
CAG
$7.8B
| $22.7M | ﹤0.01% |
672,800
-273,000
| -29% | -$9.85M |
|
1600
CALL
PACCAR
PCAR
$68.9B
| $22.7M | ﹤0.01% |
271,150
+46,600
| +21% | +$3.45M |
|
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.