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 | |
|---|---|---|---|---|---|---|
151
PUT
Qualcomm
QCOM
$169B
| $462M | 0.09% |
3,881,000
-313,700
| -7% | -$36.1M |
|
152
CALL
Devon Energy
DVN
$54B
| $459M | 0.09% |
9,498,100
+2,193,200
| +30% | +$110M |
|
153
PUT
Royal Caribbean
RCL
$78.1B
| $458M | 0.09% |
4,417,500
+900,600
| +26% | +$70.6M |
|
154
PUT
Wells Fargo
WFC
$254B
| $456M | 0.09% |
10,692,500
-3,612,700
| -25% | -$145M |
|
155
Advanced Micro Devices
AMD
$773B
| $455M | 0.09% |
3,992,497
+769,641
| +24% | +$80M |
|
156
PUT
FedEx
FDX
$76.9B
| $453M | 0.09% |
1,825,700
+216,700
| +13% | +$49.6M |
|
157
CALL
Texas Instruments
TXN
$241B
| $450M | 0.09% |
2,500,000
-1,083,000
| -30% | -$186M |
|
158
CALL
Walt Disney
DIS
$186B
| $450M | 0.09% |
5,036,000
-1,173,600
| -19% | -$111M |
|
159
PUT
lululemon athletica
LULU
$13.7B
| $449M | 0.09% |
1,186,100
-110,800
| -9% | -$40.9M |
|
160
PUT
Walmart Inc
WMT
$825B
| $440M | 0.09% |
8,403,900
-4,606,500
| -35% | -$232M |
|
161
CALL
ConocoPhillips
COP
$162B
| $440M | 0.09% |
4,245,000
-274,500
| -6% | -$28.2M |
|
162
PUT
MongoDB
MDB
$34.7B
| $432M | 0.09% |
1,051,300
+326,000
| +45% | +$95.1M |
|
163
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $430M | 0.09% |
598,300
-251,000
| -30% | -$194M |
|
|
164
CALL
lululemon athletica
LULU
$13.7B
| $429M | 0.09% |
1,132,500
-516,800
| -31% | -$191M |
|
165
PUT
Thermo Fisher Scientific
TMO
$233B
| $426M | 0.09% |
815,600
+17,300
| +2% | +$9.34M |
|
166
PUT
Coinbase
COIN
$49.2B
| $419M | 0.09% |
5,857,500
+1,634,700
| +39% | +$97.5M |
|
167
PUT
United States Oil Fund
USO
$2.24B
| $416M | 0.08% |
6,546,200
+490,700
| +8% | +$32M |
|
168
CALL
Coca-Cola
KO
$392B
| $414M | 0.08% |
6,879,400
-3,397,700
| -33% | -$211M |
|
169
CALL
Caterpillar
CAT
$381B
| $413M | 0.08% |
1,680,500
+180,400
| +12% | +$40.2M |
|
170
Alibaba
BABA
$286B
| $413M | 0.08% |
4,953,825
+3,211,599
| +184% | +$281M |
|
171
CALL
Ulta Beauty
ULTA
$22.4B
| $412M | 0.08% |
874,800
+319,900
| +58% | +$157M |
|
172
PUT
ServiceNow
NOW
$133B
| $409M | 0.08% |
3,642,000
-614,500
| -14% | -$61.4M |
|
173
CALL
Blackstone
BX
$108B
| $409M | 0.08% |
4,397,200
-752,600
| -15% | -$65M |
|
174
PUT
Deere & Co
DE
$175B
| $409M | 0.08% |
1,008,200
+268,700
| +36% | +$103M |
|
175
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $408M | 0.08% |
3,166,200
-851,300
| -21% | -$107M |
|
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 1,867 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 1,370 new positions and closed 1,867 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.