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 | |
|---|---|---|---|---|---|---|
1926
CALL
iShares MSCI South Korea ETF
EWY
$27.9B
| $16.2M | ﹤0.01% |
255,000
-294,400
| -54% | -$18.4M |
|
1927
CALL
Abercrombie & Fitch
ANF
$6.56B
| $16.1M | ﹤0.01% |
428,000
+174,800
| +69% | +$4.98M |
|
1928
Dimensional World ex US Core Equity 2 ETF
DFAX
$12.6B
| $16.1M | ﹤0.01% |
+691,701
| New | +$16.1M |
|
1929
CALL
Nokia
NOK
$58.1B
| $16.1M | ﹤0.01% |
3,875,400
-1,598,700
| -29% | -$6.76M |
|
1930
Avis
CAR
$5.09B
| $16.1M | ﹤0.01% |
70,372
+39,417
| +127% | +$7.22M |
|
1931
CALL
Republic Services
RSG
$68B
| $16.1M | ﹤0.01% |
104,800
+30,600
| +41% | +$4.38M |
|
1932
PUT
DigitalOcean
DOCN
$13.5B
| $16M | ﹤0.01% |
399,500
-137,400
| -26% | -$5.06M |
|
1933
Wolfspeed
WOLF
$1.4B
| $16M | ﹤0.01% |
288,009
+130,569
| +83% | +$6.65M |
|
1934
PUT
Dell
DELL
$300B
| $16M | ﹤0.01% |
295,600
+72,000
| +32% | +$3.31M |
|
1935
CALL
Levi Strauss
LEVI
$8.25B
| $16M | ﹤0.01% |
1,107,200
+64,400
| +6% | +$930K |
|
1936
PUT
State Street SPDR S&P Bank ETF
KBE
$1.7B
| $15.9M | ﹤0.01% |
442,900
-1,414,500
| -76% | -$50.4M |
|
1937
CALL
Cullen/Frost Bankers
CFR
$10.1B
| $15.9M | ﹤0.01% |
148,200
+92,600
| +167% | +$9.67M |
|
1938
CALL
Innovative Industrial Properties
IIPR
$1.57B
| $15.9M | ﹤0.01% |
218,200
+104,300
| +92% | +$7.35M |
|
1939
PUT
Regions Financial
RF
$26.2B
| $15.9M | ﹤0.01% |
893,200
+137,500
| +18% | +$2.43M |
|
1940
Akamai
AKAM
$15.5B
| $15.9M | ﹤0.01% |
176,875
-59,329
| -25% | -$5.08M |
|
1941
HEICO Corp Class A
HEI.A
$35.8B
| $15.9M | ﹤0.01% |
112,943
+40,097
| +55% | +$5.37M |
|
1942
CALL
Scotiabank
BNS
$114B
| $15.9M | ﹤0.01% |
317,100
-7,000
| -2% | -$347K |
|
1943
CALL
Alliance Resource Partners
ARLP
$3.37B
| $15.9M | ﹤0.01% |
857,400
-120,400
| -12% | -$2.31M |
|
1944
UDR
UDR
$12.2B
| $15.8M | ﹤0.01% |
368,806
-176,077
| -32% | -$7.24M |
|
1945
ProShares UltraPro QQQ
TQQQ
$35.5B
| $15.8M | ﹤0.01% |
772,580
+755,518
| +4,428% | +$12.1M |
|
1946
CALL
Array Technologies
ARRY
$725M
| $15.8M | ﹤0.01% |
700,700
+444,500
| +173% | +$9.52M |
|
|
1947
CALL
Regions Financial
RF
$26.2B
| $15.8M | ﹤0.01% |
885,500
-175,800
| -17% | -$3.1M |
|
1948
PUT
Keysight
KEYS
$54.8B
| $15.8M | ﹤0.01% |
94,200
-21,800
| -19% | -$3.38M |
|
1949
Pinnacle West Capital
PNW
$12B
| $15.8M | ﹤0.01% |
193,521
-35,139
| -15% | -$2.8M |
|
1950
Lincoln National
LNC
$8.29B
| $15.7M | ﹤0.01% |
611,163
+72,475
| +13% | +$1.59M |
|
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.