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
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
PUT
Wells Fargo
WFC
$254B
| $436M | 0.09% |
10,666,300
-26,200
| -0.2% | -$1.13M |
|
|
152
Kenvue
KVUE
$36.6B
| $435M | 0.09% |
21,661,121
+21,630,768
| +71,264% | +$501M |
|
153
PUT
lululemon athletica
LULU
$13.7B
| $433M | 0.09% |
1,123,300
-62,800
| -5% | -$24M |
|
154
PUT
Zoom
ZM
$31.5B
| $433M | 0.09% |
6,190,300
+2,011,700
| +48% | +$140M |
|
155
CALL
Snowflake
SNOW
$115B
| $432M | 0.09% |
2,830,100
+139,200
| +5% | +$22.7M |
|
156
PUT
Coca-Cola
KO
$392B
| $431M | 0.09% |
7,695,900
+2,076,200
| +37% | +$125M |
|
157
CALL
Amgen
AMGN
$238B
| $427M | 0.09% |
1,590,300
+228,700
| +17% | +$57.1M |
|
158
CALL
Target
TGT
$75.1B
| $426M | 0.09% |
3,850,800
+31,200
| +0.8% | +$3.96M |
|
159
CALL
Verizon
VZ
$205B
| $426M | 0.09% |
13,136,900
+57,000
| +0.4% | +$1.93M |
|
160
CALL
CrowdStrike
CRWD
$195B
| $425M | 0.09% |
10,166,400
+2,662,800
| +35% | +$103M |
|
161
PUT
PayPal
PYPL
$52.7B
| $424M | 0.09% |
7,260,200
-528,600
| -7% | -$34.4M |
|
162
PUT
Royal Caribbean
RCL
$78.1B
| $423M | 0.09% |
4,595,600
+178,100
| +4% | +$17.8M |
|
163
PUT
Qualcomm
QCOM
$169B
| $423M | 0.09% |
3,805,500
-75,500
| -2% | -$8.76M |
|
164
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $421M | 0.09% |
4,156,500
-2,113,600
| -34% | -$226M |
|
165
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $421M | 0.09% |
15,632,400
-3,011,900
| -16% | -$88.8M |
|
166
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $420M | 0.09% |
5,221,800
-329,400
| -6% | -$27.8M |
|
167
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $420M | 0.09% |
10,059,200
+1,570,300
| +18% | +$70M |
|
|
168
CALL
Coca-Cola
KO
$392B
| $418M | 0.09% |
7,472,100
+592,700
| +9% | +$35.5M |
|
169
CALL
ProShares UltraPro QQQ
TQQQ
$35.7B
| $418M | 0.09% |
23,486,000
-6,029,800
| -20% | -$122M |
|
170
CALL
Union Pacific
UNP
$183B
| $412M | 0.09% |
2,024,100
+677,400
| +50% | +$148M |
|
171
CALL
Lowe's Companies
LOW
$121B
| $411M | 0.09% |
1,979,300
+428,500
| +28% | +$96.4M |
|
172
CALL
iShares Silver Trust
SLV
$33.8B
| $411M | 0.09% |
20,197,100
-6,732,100
| -25% | -$145M |
|
|
173
Alphabet (Google) Class A
GOOGL
$4.22T
| $408M | 0.08% |
3,117,925
-3,498,252
| -53% | -$453M |
|
174
CALL
Shopify
SHOP
$192B
| $405M | 0.08% |
7,428,000
+1,232,700
| +20% | +$74.7M |
|
175
PUT
AbbVie
ABBV
$468B
| $404M | 0.08% |
2,707,600
-215,800
| -7% | -$31.7M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.