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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.23% |
| 2 | Technology | 2.06% |
| 3 | Consumer Discretionary | 1.41% |
| 4 | Healthcare | 0.83% |
| 5 | Financials | 0.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
PUT
FMC
FMC
$1.37B
| $17.3M | ﹤0.01% |
275,100
+60,800
| +28% | +$3.53M |
|
|
SMAR
1952
CALL
DELISTED
Smartsheet Inc.
SMAR
| $17.3M | ﹤0.01% |
362,700
-1,800
| -0.5% | -$76.7K |
|
1953
CALL
Procore
PCOR
$9.64B
| $17.3M | ﹤0.01% |
250,500
+115,500
| +86% | +$7.12M |
|
1954
CALL
Axos Financial
AX
$5.57B
| $17.3M | ﹤0.01% |
316,600
+162,300
| +105% | +$6.77M |
|
1955
PUT
Fastenal
FAST
$58.8B
| $17.3M | ﹤0.01% |
533,400
+44,800
| +9% | +$1.35M |
|
1956
British American Tobacco
BTI
$122B
| $17.2M | ﹤0.01% |
587,556
+204,691
| +53% | +$6.23M |
|
1957
CALL
JetBlue
JBLU
$1.86B
| $17.2M | ﹤0.01% |
3,098,800
+2,329,500
| +303% | +$10.9M |
|
1958
PUT
XPO
XPO
$22.4B
| $17.2M | ﹤0.01% |
195,800
+106,100
| +118% | +$8.65M |
|
1959
Nu Holdings
NU
$71.3B
| $17.1M | ﹤0.01% |
2,056,113
+1,209,212
| +143% | +$9.77M |
|
1960
CALL
iShares MBS ETF
MBB
$39.2B
| $17.1M | ﹤0.01% |
181,800
-28,700
| -14% | -$2.57M |
|
1961
PUT
Coherent
COHR
$57.8B
| $17.1M | ﹤0.01% |
392,400
-167,800
| -30% | -$6.05M |
|
1962
PUT
Axcelis
ACLS
$3.82B
| $17M | ﹤0.01% |
131,400
+41,200
| +46% | +$5.68M |
|
1963
Ulta Beauty
ULTA
$23B
| $17M | ﹤0.01% |
34,734
-34,281
| -50% | -$14.5M |
|
1964
Texas Pacific Land
TPL
$25.3B
| $17M | ﹤0.01% |
97,380
+77,427
| +388% | +$14.7M |
|
1965
PUT
Kinder Morgan
KMI
$69.8B
| $17M | ﹤0.01% |
962,900
-297,800
| -24% | -$5.08M |
|
1966
CALL
Opendoor
OPEN
$3.33B
| $17M | ﹤0.01% |
3,914,990
+1,415,563
| +57% | +$3.95M |
|
1967
CALL
Sempra
SRE
$55.1B
| $17M | ﹤0.01% |
227,000
-92,900
| -29% | -$6.64M |
|
1968
PUT
Canadian Pacific Kansas City
CP
$82.8B
| $16.9M | ﹤0.01% |
214,000
-17,900
| -8% | -$1.31M |
|
1969
CALL
Shift4
FOUR
$3.49B
| $16.9M | ﹤0.01% |
227,200
-153,600
| -40% | -$9.16M |
|
1970
CALL
Kinsale Capital Group
KNSL
$8.71B
| $16.9M | ﹤0.01% |
50,400
+8,400
| +20% | +$3.12M |
|
|
SPR
1971
PUT
DELISTED
Spirit AeroSystems
SPR
| $16.9M | ﹤0.01% |
530,800
-21,700
| -4% | -$532K |
|
1972
Fortive
FTV
$18.2B
| $16.9M | ﹤0.01% |
303,904
-125,964
| -29% | -$6.64M |
|
1973
PUT
Dynatrace
DT
$15.4B
| $16.9M | ﹤0.01% |
308,200
-29,400
| -9% | -$1.49M |
|
1974
Expeditors International
EXPD
$24.8B
| $16.9M | ﹤0.01% |
132,474
-12,271
| -8% | -$1.45M |
|
1975
PUT
Boston Properties
BXP
$11.2B
| $16.8M | ﹤0.01% |
240,100
-132,300
| -36% | -$7.81M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, up from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.