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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $548M | 0.1% |
4,003,400
-248,500
| -6% | -$35M |
|
152
CALL
Nike
NKE
$60.5B
| $547M | 0.1% |
5,040,900
+1,032,100
| +26% | +$111M |
|
153
Alphabet (Google) Class A
GOOGL
$4.22T
| $544M | 0.1% |
3,897,325
+779,400
| +25% | +$105M |
|
154
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $540M | 0.1% |
1,744,800
+1,242,800
| +248% | +$399M |
|
155
CALL
T-Mobile US
TMUS
$196B
| $528M | 0.1% |
3,295,400
+542,600
| +20% | +$80.3M |
|
156
PUT
Mercado Libre
MELI
$97.5B
| $525M | 0.1% |
334,000
-19,000
| -5% | -$26.9M |
|
157
CALL
Ulta Beauty
ULTA
$22.4B
| $524M | 0.1% |
1,069,000
+454,100
| +74% | +$192M |
|
158
PUT
Royal Caribbean
RCL
$78.1B
| $518M | 0.1% |
3,997,700
-597,900
| -13% | -$60.9M |
|
|
159
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $517M | 0.1% |
13,747,200
-1,396,700
| -9% | -$48.4M |
|
160
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $516M | 0.1% |
14,760,900
-1,130,100
| -7% | -$36.6M |
|
161
PUT
Shopify
SHOP
$192B
| $515M | 0.1% |
6,607,900
+427,700
| +7% | +$27.3M |
|
|
162
Pfizer
PFE
$160B
| $514M | 0.1% |
17,847,308
+10,947,182
| +159% | +$331M |
|
163
CALL
IBM
IBM
$222B
| $512M | 0.1% |
3,127,800
-467,800
| -13% | -$70.7M |
|
164
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $507M | 0.1% |
9,666,000
+1,850,500
| +24% | +$82.7M |
|
165
PUT
Humana
HUM
$45.5B
| $506M | 0.1% |
1,105,700
+288,500
| +35% | +$142M |
|
166
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $505M | 0.1% |
575,000
-5,300
| -0.9% | -$4.36M |
|
167
PUT
Mastercard
MA
$509B
| $504M | 0.1% |
1,180,800
-29,300
| -2% | -$11.8M |
|
168
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $501M | 0.1% |
5,606,200
+2,005,000
| +56% | +$149M |
|
169
PUT
Oracle
ORCL
$422B
| $498M | 0.09% |
4,721,500
+319,900
| +7% | +$34.9M |
|
170
CALL
General Motors
GM
$77.2B
| $497M | 0.09% |
13,838,300
+1,938,900
| +16% | +$60M |
|
171
CALL
ASML
ASML
$677B
| $493M | 0.09% |
650,800
-299,400
| -32% | -$198M |
|
172
CALL
ServiceNow
NOW
$133B
| $489M | 0.09% |
3,464,000
+533,000
| +18% | +$67.2M |
|
173
PUT
FedEx
FDX
$76.9B
| $483M | 0.09% |
1,910,500
+533,100
| +39% | +$135M |
|
174
PUT
Micron Technology
MU
$1.09T
| $481M | 0.09% |
5,640,200
-1,648,400
| -23% | -$122M |
|
175
CALL
Thermo Fisher Scientific
TMO
$233B
| $478M | 0.09% |
900,500
+205,300
| +30% | +$99.4M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.