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 | |
|---|---|---|---|---|---|---|
1676
CALL
Boston Properties
BXP
$11.2B
| $20.6M | ﹤0.01% |
357,000
+105,700
| +42% | +$5.5M |
|
|
RETA
1677
CALL
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $20.5M | ﹤0.01% |
201,400
-206,600
| -51% | -$19.6M |
|
1678
PNC Financial Services
PNC
$97.6B
| $20.5M | ﹤0.01% |
162,512
-75,472
| -32% | -$9.22M |
|
1679
Celsius Holdings
CELH
$8.91B
| $20.5M | ﹤0.01% |
411,441
+328,608
| +397% | +$13.1M |
|
1680
PUT
Inspire Medical Systems
INSP
$1.79B
| $20.5M | ﹤0.01% |
63,000
+14,900
| +31% | +$4.26M |
|
1681
PUT
Waters Corp
WAT
$40.7B
| $20.4M | ﹤0.01% |
76,700
+17,800
| +30% | +$4.95M |
|
1682
CALL
Check Point Software Technologies
CHKP
$13.2B
| $20.4M | ﹤0.01% |
162,700
+69,000
| +74% | +$8.69M |
|
1683
PUT
Otis Worldwide
OTIS
$27.5B
| $20.4M | ﹤0.01% |
229,400
+155,100
| +209% | +$13.1M |
|
1684
D.R. Horton
DHI
$41.7B
| $20.4M | ﹤0.01% |
167,612
-37,240
| -18% | -$4.07M |
|
1685
PUT
KKR & Co
KKR
$97.4B
| $20.4M | ﹤0.01% |
364,000
+19,700
| +6% | +$1.03M |
|
1686
CALL
Canadian National Railway
CNI
$77.1B
| $20.4M | ﹤0.01% |
168,100
+78,700
| +88% | +$9.33M |
|
1687
PUT
Direxion Daily Technology Bull 3x ETF
TECL
$5.63B
| $20.3M | ﹤0.01% |
376,300
+227,500
| +153% | +$9.46M |
|
1688
PUT
LyondellBasell Industries
LYB
$20.2B
| $20.3M | ﹤0.01% |
221,300
+7,100
| +3% | +$649K |
|
1689
CALL
Ambarella
AMBA
$3.05B
| $20.3M | ﹤0.01% |
242,700
+20,100
| +9% | +$1.47M |
|
1690
PUT
Cognizant
CTSH
$28B
| $20.3M | ﹤0.01% |
311,000
-6,700
| -2% | -$415K |
|
1691
CALL
Star Bulk Carriers
SBLK
$3.3B
| $20.3M | ﹤0.01% |
1,146,000
-1,236,200
| -52% | -$23.8M |
|
1692
Becton Dickinson
BDX
$51.8B
| $20.2M | ﹤0.01% |
76,696
-69,235
| -47% | -$17.6M |
|
1693
PUT
Toyota
TM
$227B
| $20.2M | ﹤0.01% |
125,900
+30,600
| +32% | +$4.4M |
|
1694
Conagra Brands
CAG
$7.77B
| $20.2M | ﹤0.01% |
599,726
+136,390
| +29% | +$4.92M |
|
1695
CALL
Asana
ASAN
$2.18B
| $20.2M | ﹤0.01% |
916,600
+114,900
| +14% | +$2.3M |
|
|
CYBR
1696
PUT
DELISTED
CyberArk
CYBR
| $20.2M | ﹤0.01% |
129,100
+57,000
| +79% | +$8.16M |
|
1697
PUT
Logitech
LOGI
$14.3B
| $20.1M | ﹤0.01% |
339,100
-113,800
| -25% | -$6.89M |
|
1698
PUT
Nokia
NOK
$58.1B
| $20.1M | ﹤0.01% |
4,841,500
+1,280,900
| +36% | +$5.42M |
|
1699
Goodyear
GT
$1.8B
| $20.1M | ﹤0.01% |
1,471,641
+210,441
| +17% | +$2.63M |
|
1700
CALL
Arthur J. Gallagher & Co
AJG
$67.9B
| $20.1M | ﹤0.01% |
91,600
+100
| +0.1% | +$20.8K |
|
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.