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 | |
|---|---|---|---|---|---|---|
1951
PUT
GoDaddy
GDDY
$12.1B
| $15.7M | ﹤0.01% |
209,200
+175,100
| +513% | +$12.9M |
|
1952
CALL
Direxion Daily S&P 500 Bear 3x ETF
SPXS
$351M
| $15.7M | ﹤0.01% |
112,400
+64,240
| +133% | +$10.7M |
|
1953
Scotiabank
BNS
$114B
| $15.7M | ﹤0.01% |
313,800
-373,377
| -54% | -$18.5M |
|
1954
CALL
State Street SPDR S&P Dividend ETF
SDY
$22.1B
| $15.7M | ﹤0.01% |
128,100
+8,100
| +7% | +$989K |
|
1955
PUT
Genuine Parts
GPC
$19.2B
| $15.7M | ﹤0.01% |
92,700
+30,600
| +49% | +$5.01M |
|
1956
PUT
QuantumScape Corp
QS
$3.53B
| $15.7M | ﹤0.01% |
1,962,600
+768,200
| +64% | +$5.34M |
|
1957
PUT
MP Materials
MP
$10.6B
| $15.7M | ﹤0.01% |
685,200
-64,100
| -9% | -$1.47M |
|
1958
CALL
Dave & Buster's
PLAY
$343M
| $15.7M | ﹤0.01% |
351,400
+145,600
| +71% | +$5.32M |
|
1959
PUT
Bath & Body Works
BBWI
$3.81B
| $15.7M | ﹤0.01% |
417,400
+83,100
| +25% | +$3.04M |
|
1960
CALL
Lantheus
LNTH
$6.58B
| $15.7M | ﹤0.01% |
186,500
+97,300
| +109% | +$8.73M |
|
1961
PUT
Host Hotels & Resorts
HST
$15.4B
| $15.6M | ﹤0.01% |
928,700
+241,000
| +35% | +$4.04M |
|
1962
Aflac
AFL
$58.9B
| $15.6M | ﹤0.01% |
223,925
-70,563
| -24% | -$4.72M |
|
1963
KeyCorp
KEY
$23.6B
| $15.6M | ﹤0.01% |
1,691,024
+255,947
| +18% | +$2.67M |
|
1964
Rexford Industrial Realty
REXR
$8.31B
| $15.6M | ﹤0.01% |
298,888
+213,528
| +250% | +$11.6M |
|
1965
iShares MSCI Taiwan ETF
EWT
$11.5B
| $15.6M | ﹤0.01% |
331,837
+10,045
| +3% | +$458K |
|
1966
CALL
Carrier Global
CARR
$48.4B
| $15.6M | ﹤0.01% |
313,800
+87,400
| +39% | +$3.85M |
|
1967
CALL
Global E Online
GLBE
$6.57B
| $15.6M | ﹤0.01% |
380,900
-47,100
| -11% | -$1.55M |
|
1968
CALL
Papa John's
PZZA
$777M
| $15.6M | ﹤0.01% |
211,200
+133,100
| +170% | +$9.87M |
|
1969
CALL
ProShares UltraPro Short S&P 500
SPXU
$392M
| $15.6M | ﹤0.01% |
73,040
-4,775
| -6% | -$1.21M |
|
1970
CALL
Signet Jewelers
SIG
$3.25B
| $15.6M | ﹤0.01% |
238,300
+27,900
| +13% | +$1.93M |
|
1971
CALL
XPO
XPO
$22.5B
| $15.5M | ﹤0.01% |
263,500
+171,900
| +188% | +$7.78M |
|
1972
Loews
L
$22.7B
| $15.5M | ﹤0.01% |
261,448
+13,435
| +5% | +$778K |
|
|
BPMC
1973
PUT
DELISTED
Blueprint Medicines
BPMC
| $15.5M | ﹤0.01% |
245,600
+24,800
| +11% | +$1.35M |
|
1974
CALL
iShares Expanded Tech Sector ETF
IGM
$10.5B
| $15.5M | ﹤0.01% |
237,000
+61,200
| +35% | +$3.64M |
|
1975
CALL
KE Holdings
BEKE
$19.7B
| $15.5M | ﹤0.01% |
1,044,900
+47,200
| +5% | +$771K |
|
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.