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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
PUT
Target
TGT
$75.1B
| $470M | 0.1% |
2,840,600
+971,500
| +52% | +$160M |
|
152
PUT
Chevron
CVX
$403B
| $469M | 0.1% |
2,874,200
+138,400
| +5% | +$23.2M |
|
153
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $468M | 0.1% |
4,626,200
-481,200
| -9% | -$48.4M |
|
154
CALL
Wynn Resorts
WYNN
$10.3B
| $464M | 0.1% |
4,142,500
+2,146,700
| +108% | +$225M |
|
155
PUT
Zoom
ZM
$31.5B
| $462M | 0.1% |
6,258,700
+2,929,500
| +88% | +$211M |
|
156
PUT
Thermo Fisher Scientific
TMO
$233B
| $460M | 0.1% |
798,300
+70,300
| +10% | +$39.6M |
|
|
157
CALL
Target
TGT
$75.1B
| $454M | 0.1% |
2,740,400
-355,500
| -11% | -$58.4M |
|
158
CALL
Blackstone
BX
$108B
| $452M | 0.1% |
5,149,800
+1,483,800
| +40% | +$131M |
|
159
CALL
ConocoPhillips
COP
$162B
| $448M | 0.1% |
4,519,500
+923,900
| +26% | +$101M |
|
160
CALL
ASML
ASML
$677B
| $447M | 0.1% |
656,900
-59,400
| -8% | -$38.1M |
|
161
CALL
PayPal
PYPL
$52.7B
| $447M | 0.1% |
5,882,000
-41,500
| -0.7% | -$3.2M |
|
162
CALL
T-Mobile US
TMUS
$196B
| $444M | 0.09% |
3,063,200
-389,200
| -11% | -$56.4M |
|
163
Walt Disney
DIS
$186B
| $442M | 0.09% |
4,413,137
+528,494
| +14% | +$53.3M |
|
164
Alphabet (Google) Class A
GOOGL
$4.22T
| $441M | 0.09% |
4,253,036
-1,047,438
| -20% | -$100M |
|
165
PUT
Pfizer
PFE
$160B
| $441M | 0.09% |
10,804,200
+2,725,500
| +34% | +$118M |
|
166
CALL
Lowe's Companies
LOW
$121B
| $441M | 0.09% |
2,203,900
+356,600
| +19% | +$72.4M |
|
167
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $439M | 0.09% |
5,810,800
+1,770,800
| +44% | +$122M |
|
168
CALL
United Parcel Service
UPS
$86.8B
| $438M | 0.09% |
2,257,900
+405,700
| +22% | +$74.4M |
|
|
169
CALL
Thermo Fisher Scientific
TMO
$233B
| $434M | 0.09% |
753,500
+130,500
| +21% | +$73.6M |
|
170
PUT
Pinduoduo
PDD
$126B
| $431M | 0.09% |
5,676,400
+1,669,300
| +42% | +$151M |
|
171
CALL
Starbucks
SBUX
$122B
| $430M | 0.09% |
4,131,800
-203,300
| -5% | -$21.2M |
|
172
PUT
Coca-Cola
KO
$392B
| $428M | 0.09% |
6,898,100
-981,200
| -12% | -$59.4M |
|
173
CALL
iShares Silver Trust
SLV
$33.8B
| $425M | 0.09% |
19,212,100
-5,754,900
| -23% | -$119M |
|
|
174
PUT
Lowe's Companies
LOW
$121B
| $424M | 0.09% |
2,119,400
+633,600
| +43% | +$129M |
|
175
CALL
Wells Fargo
WFC
$254B
| $423M | 0.09% |
11,323,900
-659,800
| -6% | -$28.8M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.