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
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 90.25% |
| 2 | Technology | 2.31% |
| 3 | Consumer Discretionary | 1.61% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LAC
1926
PUT
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $15.7M | ﹤0.01% |
720,500
+29,100
| +4% | +$643K |
|
|
NIMC
1927
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
| $15.7M | ﹤0.01% |
150,000
| – | – |
|
1928
PUT
McCormick & Company Non-Voting
MKC
$14.7B
| $15.6M | ﹤0.01% |
188,000
+101,100
| +116% | +$7.71M |
|
1929
Kinross Gold
KGC
$38.6B
| $15.6M | ﹤0.01% |
3,312,129
-629,080
| -16% | -$2.67M |
|
1930
PG&E
PCG
$39.5B
| $15.6M | ﹤0.01% |
964,375
+361,537
| +60% | +$5.71M |
|
|
GAP
1931
The Gap Inc
GAP
$7.48B
| $15.6M | ﹤0.01% |
1,551,798
+1,469,520
| +1,786% | +$17.9M |
|
1932
CALL
Rockwell Automation
ROK
$48.1B
| $15.6M | ﹤0.01% |
53,000
-13,700
| -21% | -$3.9M |
|
1933
iShares MSCI ACWI ETF
ACWI
$33.4B
| $15.6M | ﹤0.01% |
+170,601
| New | +$15.2M |
|
1934
CALL
Carvana
CVNA
$53.3B
| $15.5M | ﹤0.01% |
7,939,500
-12,386,000
| -61% | -$21.5M |
|
1935
OneMain Financial
OMF
$7.35B
| $15.5M | ﹤0.01% |
419,185
+86,162
| +26% | +$3.46M |
|
|
FLNA
1936
CALL
Filana Therapeutics
FLNA
$44.6M
| $15.5M | ﹤0.01% |
643,800
-280,500
| -30% | -$7.77M |
|
1937
CALL
Melco Resorts & Entertainment
MLCO
$1.97B
| $15.5M | ﹤0.01% |
1,219,300
-468,000
| -28% | -$6.02M |
|
1938
Scorpio Tankers
STNG
$3.88B
| $15.5M | ﹤0.01% |
275,573
-33,157
| -11% | -$1.81M |
|
1939
PUT
Vistra
VST
$46.9B
| $15.5M | ﹤0.01% |
645,900
+394,800
| +157% | +$9.15M |
|
1940
PUT
Ares Capital
ARCC
$14.3B
| $15.5M | ﹤0.01% |
847,800
+159,500
| +23% | +$3.02M |
|
1941
CALL
Olin
OLN
$1.97B
| $15.5M | ﹤0.01% |
279,100
+23,700
| +9% | +$1.36M |
|
1942
PUT
Axos Financial
AX
$5.52B
| $15.5M | ﹤0.01% |
419,500
+129,600
| +45% | +$5.59M |
|
1943
NVR
NVR
$17B
| $15.5M | ﹤0.01% |
2,779
+1,596
| +135% | +$8.24M |
|
1944
CALL
Canadian Solar
CSIQ
$949M
| $15.4M | ﹤0.01% |
387,800
-456,700
| -54% | -$18.1M |
|
1945
PUT
Interactive Brokers
IBKR
$43.7B
| $15.4M | ﹤0.01% |
747,600
+228,400
| +44% | +$4.65M |
|
1946
Invitation Homes
INVH
$17.4B
| $15.4M | ﹤0.01% |
494,061
+272,704
| +123% | +$8.55M |
|
1947
PUT
State Street
STT
$53.1B
| $15.4M | ﹤0.01% |
203,500
-10,500
| -5% | -$884K |
|
1948
Equifax
EFX
$22.4B
| $15.4M | ﹤0.01% |
75,924
+9,729
| +15% | +$2.03M |
|
1949
PUT
Coupang
CPNG
$29.2B
| $15.4M | ﹤0.01% |
961,500
-1,223,700
| -56% | -$19M |
|
1950
iShares MSCI United Kingdom ETF
EWU
$3.82B
| $15.4M | ﹤0.01% |
476,483
-950,598
| -67% | -$30.5M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass's Q1 2023 filing shows 2,075 new, 5,756 increased, 4,471 reduced and 1,856 closed positions. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M. The largest sale was Tesla, an estimated $1.62B.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, down from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.