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
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1926
CALL
Cracker Barrel
CBRL
$1.3B
| $16.8M | ﹤0.01% |
250,400
+188,100
| +302% | +$15.8M |
|
1927
CALL
Waters Corp
WAT
$40.7B
| $16.8M | ﹤0.01% |
61,300
+54,100
| +751% | +$15M |
|
1928
PUT
Shift4
FOUR
$3.79B
| $16.8M | ﹤0.01% |
303,400
+197,800
| +187% | +$12.1M |
|
1929
CALL
Aehr Test Systems
AEHR
$3.12B
| $16.8M | ﹤0.01% |
367,500
-109,700
| -23% | -$5.09M |
|
1930
PUT
ArcelorMittal
MT
$55.5B
| $16.8M | ﹤0.01% |
670,700
+459,800
| +218% | +$12.2M |
|
1931
CALL
Vanguard Morningstar Small-Cap ETF
VB
$81.9B
| $16.8M | ﹤0.01% |
88,600
+23,200
| +35% | +$4.62M |
|
1932
PPG Industries
PPG
$25.3B
| $16.7M | ﹤0.01% |
129,038
+32,831
| +34% | +$4.61M |
|
1933
Dollar Tree
DLTR
$26.3B
| $16.7M | ﹤0.01% |
157,279
-198,100
| -56% | -$26.5M |
|
1934
CALL
Aramark
ARMK
$15.6B
| $16.7M | ﹤0.01% |
667,986
+31,163
| +5% | +$873K |
|
1935
CALL
Bausch Health
BHC
$2.52B
| $16.7M | ﹤0.01% |
2,032,200
+1,559,600
| +330% | +$13.4M |
|
1936
PUT
Enovix
ENVX
$742M
| $16.7M | ﹤0.01% |
1,518,286
-2,285,257
| -60% | -$32.7M |
|
1937
CALL
Boston Properties
BXP
$11.5B
| $16.7M | ﹤0.01% |
280,300
-76,700
| -21% | -$4.91M |
|
1938
Carrier Global
CARR
$48.2B
| $16.7M | ﹤0.01% |
301,896
+71,403
| +31% | +$3.93M |
|
|
GRMN
1939
Garmin
GRMN
$55.6B
| $16.6M | ﹤0.01% |
158,210
+1,581
| +1% | +$166K |
|
1940
CALL
iShares MSCI Canada ETF
EWC
$6.95B
| $16.6M | ﹤0.01% |
497,300
+64,300
| +15% | +$2.23M |
|
1941
Vanguard Real Estate ETF
VNQ
$39.4B
| $16.6M | ﹤0.01% |
219,588
-220,960
| -50% | -$18.2M |
|
1942
PUT
Scotiabank
BNS
$113B
| $16.6M | ﹤0.01% |
364,200
+217,800
| +149% | +$10.4M |
|
1943
PUT
AerCap
AER
$23.2B
| $16.6M | ﹤0.01% |
264,800
+28,700
| +12% | +$1.81M |
|
1944
Expeditors International
EXPD
$24.6B
| $16.6M | ﹤0.01% |
144,745
+66,466
| +85% | +$7.9M |
|
1945
CALL
Vodafone
VOD
$37.3B
| $16.6M | ﹤0.01% |
1,747,000
-234,500
| -12% | -$2.22M |
|
1946
PUT
DaVita
DVA
$11.3B
| $16.5M | ﹤0.01% |
175,000
+12,900
| +8% | +$1.32M |
|
1947
CALL
BCE
BCE
$22B
| $16.5M | ﹤0.01% |
432,900
+226,900
| +110% | +$9.53M |
|
1948
CALL
RingCentral
RNG
$5.48B
| $16.5M | ﹤0.01% |
557,500
+323,000
| +138% | +$10.7M |
|
1949
Prudential Financial
PRU
$41.5B
| $16.5M | ﹤0.01% |
174,028
-30,341
| -15% | -$2.87M |
|
1950
RB Global
RBA
$15.7B
| $16.5M | ﹤0.01% |
263,733
+48,533
| +23% | +$2.99M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.