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 | |
|---|---|---|---|---|---|---|
1651
Realty Income
O
$59.1B
| $21.3M | ﹤0.01% |
356,431
-366,122
| -51% | -$22.3M |
|
1652
CALL
Hecla Mining
HL
$14B
| $21.2M | ﹤0.01% |
4,124,100
+91,500
| +2% | +$523K |
|
1653
CALL
IonQ
IONQ
$16.4B
| $21.2M | ﹤0.01% |
1,569,300
+1,082,400
| +222% | +$9M |
|
1654
PUT
Nutrien
NTR
$35.2B
| $21.2M | ﹤0.01% |
359,500
-9,300
| -3% | -$592K |
|
1655
CALL
Consolidated Edison
ED
$39.9B
| $21.2M | ﹤0.01% |
234,200
+9,500
| +4% | +$908K |
|
1656
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$296M
| $21.1M | ﹤0.01% |
718,542
-261,456
| -27% | -$7.63M |
|
1657
Fortive
FTV
$18.2B
| $21.1M | ﹤0.01% |
374,913
+136,768
| +57% | +$6.91M |
|
1658
CALL
PENN Entertainment
PENN
$2.39B
| $21.1M | ﹤0.01% |
878,500
+5,100
| +0.6% | +$136K |
|
|
AKRO
1659
PUT
DELISTED
Akero Therapeutics
AKRO
| $21.1M | ﹤0.01% |
451,900
+310,300
| +219% | +$14.2M |
|
1660
PUT
Ralph Lauren
RL
$21.4B
| $21.1M | ﹤0.01% |
171,100
-42,400
| -20% | -$4.89M |
|
1661
PUT
Williams Companies
WMB
$90.7B
| $21.1M | ﹤0.01% |
645,900
+290,400
| +82% | +$8.72M |
|
1662
Eaton
ETN
$162B
| $21.1M | ﹤0.01% |
104,742
-113,792
| -52% | -$20M |
|
1663
PUT
Lumentum
LITE
$83.5B
| $21M | ﹤0.01% |
370,700
+140,300
| +61% | +$7.01M |
|
1664
PUT
iShare MSCI Eurozone ETF
EZU
$9.94B
| $21M | ﹤0.01% |
458,900
+251,100
| +121% | +$11.4M |
|
1665
PUT
iShares Select Dividend ETF
DVY
$24B
| $21M | ﹤0.01% |
185,400
+95,200
| +106% | +$10.8M |
|
1666
Workday
WDAY
$46.9B
| $20.9M | ﹤0.01% |
92,466
-113,622
| -55% | -$22.8M |
|
1667
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.56B
| $20.9M | ﹤0.01% |
779,964
-133,702
| -15% | -$3.78M |
|
1668
CALL
State Street
STT
$53.2B
| $20.9M | ﹤0.01% |
285,100
+7,300
| +3% | +$525K |
|
1669
Coherent
COHR
$57.3B
| $20.9M | ﹤0.01% |
409,144
+263,626
| +181% | +$9.78M |
|
|
APLS
1670
PUT
DELISTED
Apellis Pharmaceuticals
APLS
| $20.8M | ﹤0.01% |
228,800
-107,600
| -32% | -$9.28M |
|
1671
CALL
Gold Fields
GFI
$42.6B
| $20.7M | ﹤0.01% |
1,499,100
+479,100
| +47% | +$7.28M |
|
1672
Ross Stores
ROST
$75.3B
| $20.7M | ﹤0.01% |
184,755
-3,469
| -2% | -$365K |
|
1673
Diamondback Energy
FANG
$56.1B
| $20.7M | ﹤0.01% |
157,597
-373,438
| -70% | -$50M |
|
|
FTCH
1674
PUT
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $20.7M | ﹤0.01% |
3,419,900
-682,600
| -17% | -$3.29M |
|
1675
Oneok
OKE
$59.6B
| $20.6M | ﹤0.01% |
334,161
+55,667
| +20% | +$3.44M |
|
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.