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 | |
|---|---|---|---|---|---|---|
|
JWN
1876
CALL
DELISTED
Nordstrom
JWN
| $17M | ﹤0.01% |
832,300
-315,300
| -27% | -$5.3M |
|
1877
Agilent Technologies
A
$43.8B
| $17M | ﹤0.01% |
141,667
-53,769
| -28% | -$6.85M |
|
1878
PUT
Mondelez International
MDLZ
$80.4B
| $17M | ﹤0.01% |
233,500
-602,200
| -72% | -$44.5M |
|
1879
Alnylam Pharmaceuticals
ALNY
$32B
| $17M | ﹤0.01% |
89,530
-24,871
| -22% | -$4.93M |
|
1880
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
$19.8B
| $17M | ﹤0.01% |
358,392
+277,489
| +343% | +$13.2M |
|
|
BRSL
1881
PUT
Brightstar Lottery PLC
BRSL
$2.1B
| $17M | ﹤0.01% |
532,900
+271,500
| +104% | +$7.55M |
|
|
AXON
1882
Axon Enterprise
AXON
$49.4B
| $17M | ﹤0.01% |
87,064
+50,898
| +141% | +$10.5M |
|
1883
CALL
ProShares UltraPro Russell2000
URTY
$337M
| $17M | ﹤0.01% |
407,900
+237,200
| +139% | +$8.75M |
|
|
FLG
1884
PUT
Flagstar Bank National Association
FLG
$5.65B
| $17M | ﹤0.01% |
503,433
+173,566
| +53% | +$5.27M |
|
1885
Genuine Parts
GPC
$19.2B
| $16.9M | ﹤0.01% |
100,143
-64,741
| -39% | -$10.6M |
|
1886
PureCycle Technologies
PCT
$1.34B
| $16.9M | ﹤0.01% |
1,582,736
+160,516
| +11% | +$1.16M |
|
1887
Intercontinental Exchange
ICE
$90.9B
| $16.9M | ﹤0.01% |
149,434
-139,300
| -48% | -$15.1M |
|
1888
Sigma Lithium
SGML
$1.37B
| $16.9M | ﹤0.01% |
419,149
-21,595
| -5% | -$823K |
|
1889
Generac Holdings
GNRC
$12.2B
| $16.9M | ﹤0.01% |
113,243
-142,104
| -56% | -$16.2M |
|
|
PACW
1890
CALL
DELISTED
PacWest Bancorp
PACW
| $16.8M | ﹤0.01% |
2,066,100
+1,143,400
| +124% | +$9.22M |
|
|
IRBT
1891
PUT
DELISTED
iRobot
IRBT
| $16.8M | ﹤0.01% |
371,600
+100,400
| +37% | +$4.01M |
|
1892
PUT
iShares Expanded Tech Sector ETF
IGM
$10.5B
| $16.8M | ﹤0.01% |
256,800
+154,800
| +152% | +$9.2M |
|
1893
Texas Roadhouse
TXRH
$13.4B
| $16.8M | ﹤0.01% |
149,701
+105,305
| +237% | +$11.6M |
|
1894
PUT
Bio-Rad Laboratories Class A
BIO
$10.4B
| $16.8M | ﹤0.01% |
44,300
-7,900
| -15% | -$3.21M |
|
|
PACW
1895
PUT
DELISTED
PacWest Bancorp
PACW
| $16.8M | ﹤0.01% |
2,060,700
+1,095,100
| +113% | +$8.83M |
|
1896
Molina Healthcare
MOH
$10.6B
| $16.8M | ﹤0.01% |
55,714
-37,388
| -40% | -$10.7M |
|
1897
PUT
Willis Towers Watson
WTW
$31.9B
| $16.8M | ﹤0.01% |
71,200
+34,700
| +95% | +$8M |
|
1898
PUT
OneMain Financial
OMF
$7.26B
| $16.8M | ﹤0.01% |
383,700
-193,500
| -34% | -$7.55M |
|
1899
PUT
Kinross Gold
KGC
$38.3B
| $16.8M | ﹤0.01% |
3,513,500
-598,700
| -15% | -$2.99M |
|
1900
Check Point Software Technologies
CHKP
$13.2B
| $16.7M | ﹤0.01% |
133,163
+21,292
| +19% | +$2.68M |
|
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.