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 | |
|---|---|---|---|---|---|---|
1826
PUT
ProShares Ultra QQQ
QLD
$13.8B
| $18M | ﹤0.01% |
558,200
+90,800
| +19% | +$2.46M |
|
1827
PUT
AGNC Investment
AGNC
$12.8B
| $17.9M | ﹤0.01% |
1,770,800
-1,034,500
| -37% | -$10.1M |
|
1828
BILL Holdings
BILL
$4.79B
| $17.9M | ﹤0.01% |
153,360
-42,590
| -22% | -$4.05M |
|
|
SMAR
1829
CALL
DELISTED
Smartsheet Inc.
SMAR
| $17.9M | ﹤0.01% |
468,300
+234,300
| +100% | +$10.1M |
|
1830
Wingstop
WING
$3.06B
| $17.9M | ﹤0.01% |
89,452
+62,229
| +229% | +$12.2M |
|
1831
PUT
iShares Global Clean Energy ETF
ICLN
$2.21B
| $17.9M | ﹤0.01% |
970,300
-168,100
| -15% | -$3.16M |
|
1832
PUT
Ovintiv
OVV
$17.8B
| $17.8M | ﹤0.01% |
467,200
-187,500
| -29% | -$6.78M |
|
1833
PUT
Motorola Solutions
MSI
$80.6B
| $17.8M | ﹤0.01% |
60,600
-32,200
| -35% | -$9.22M |
|
1834
PUT
-1x Short VIX Futures ETF
SVIX
$159M
| $17.8M | ﹤0.01% |
633,000
+305,200
| +93% | +$6.39M |
|
1835
CALL
Alamos Gold
AGI
$15.7B
| $17.8M | ﹤0.01% |
1,490,600
+1,004,500
| +207% | +$12.8M |
|
1836
PUT
Capri Holdings
CPRI
$1.55B
| $17.8M | ﹤0.01% |
494,900
-169,000
| -25% | -$6.7M |
|
1837
NiSource
NI
$19.7B
| $17.7M | ﹤0.01% |
648,951
+423,962
| +188% | +$11.8M |
|
1838
Martin Marietta Materials
MLM
$37.8B
| $17.7M | ﹤0.01% |
38,395
-21,906
| -36% | -$8.64M |
|
1839
PUT
Revolve Group
RVLV
$1.66B
| $17.7M | ﹤0.01% |
1,079,300
+907,600
| +529% | +$16.9M |
|
1840
Lennar Class A
LEN
$21B
| $17.7M | ﹤0.01% |
145,819
-73,043
| -33% | -$7.97M |
|
1841
PUT
SBA Communications
SBAC
$19.7B
| $17.7M | ﹤0.01% |
76,300
+62,500
| +453% | +$14.9M |
|
1842
CALL
Direxion Daily Semiconductor Bear 3X ETF
SOXS
$1.34B
| $17.7M | ﹤0.01% |
895
-93
| -9% | -$2.96M |
|
|
AVB
1843
PUT
DELISTED
AvalonBay Communities
AVB
| $17.7M | ﹤0.01% |
93,300
+42,800
| +85% | +$7.64M |
|
1844
PUT
Trupanion
TRUP
$1.32B
| $17.7M | ﹤0.01% |
896,900
+754,700
| +531% | +$21.3M |
|
|
1845
CALL
Martin Marietta Materials
MLM
$37.8B
| $17.6M | ﹤0.01% |
38,200
-14,500
| -28% | -$5.72M |
|
1846
CALL
Shake Shack
SHAK
$2.95B
| $17.6M | ﹤0.01% |
226,500
+12,000
| +6% | +$771K |
|
1847
CALL
Costamare
CMRE
$1.79B
| $17.6M | ﹤0.01% |
1,816,600
+61,100
| +3% | +$547K |
|
1848
Consolidated Edison
ED
$40B
| $17.6M | ﹤0.01% |
194,140
-106,352
| -35% | -$10.2M |
|
1849
PUT
International Flavors & Fragrances
IFF
$22.2B
| $17.5M | ﹤0.01% |
220,400
+40,300
| +22% | +$3.47M |
|
1850
PUT
Everest Group
EG
$14.6B
| $17.5M | ﹤0.01% |
51,300
+42,400
| +476% | +$15.3M |
|
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.