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 |
Tesla
TSLA
|
+$2.17B |
| 2 |
Microsoft
MSFT
|
+$619M |
| 3 |
Apple
AAPL
|
+$377M |
| 4 |
Booking.com
BKNG
|
+$319M |
| 5 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$270M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.48B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$896M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$599M |
| 4 |
Citigroup
C
|
+$467M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$430M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.55% |
| 3 | Financials | 1.15% |
| 4 | Healthcare | 0.97% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $384M | 0.1% |
5,220,800
-400,800
| -7% | -$29.5M |
|
177
PUT
Biogen
BIIB
$32B
| $383M | 0.1% |
1,383,700
-188,700
| -12% | -$53.3M |
|
178
PUT
Lam Research
LRCX
$393B
| $382M | 0.1% |
9,081,000
+3,122,000
| +52% | +$131M |
|
179
iShares MSCI EAFE ETF
EFA
$80B
| $382M | 0.1% |
5,814,625
+783,439
| +16% | +$49.1M |
|
180
CALL
Nike
NKE
$60.5B
| $381M | 0.1% |
3,260,300
+848,600
| +35% | +$85.4M |
|
181
CALL
MongoDB
MDB
$34.7B
| $377M | 0.1% |
1,917,700
+1,263,700
| +193% | +$225M |
|
182
PUT
PayPal
PYPL
$52.7B
| $377M | 0.1% |
5,291,600
-1,822,000
| -26% | -$146M |
|
|
183
PUT
Nike
NKE
$60.5B
| $375M | 0.09% |
3,206,500
+240,100
| +8% | +$24.2M |
|
184
PUT
Honeywell
HON
$68.4B
| $373M | 0.09% |
1,845,397
+1,192,139
| +182% | +$228M |
|
185
CALL
Oracle
ORCL
$422B
| $369M | 0.09% |
4,515,700
+1,118,700
| +33% | +$85M |
|
186
CALL
Lowe's Companies
LOW
$121B
| $368M | 0.09% |
1,847,300
+169,500
| +10% | +$33.9M |
|
187
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $367M | 0.09% |
2,699,800
-1,158,700
| -30% | -$154M |
|
188
CALL
Amgen
AMGN
$238B
| $366M | 0.09% |
1,395,100
+135,000
| +11% | +$36.2M |
|
189
PUT
Micron Technology
MU
$1.09T
| $365M | 0.09% |
7,306,200
+868,000
| +13% | +$47.5M |
|
190
PUT
United States Oil Fund
USO
$2.24B
| $361M | 0.09% |
5,148,000
-3,882,500
| -43% | -$272M |
|
191
PUT
AutoZone
AZO
$48.3B
| $360M | 0.09% |
145,900
-31,600
| -18% | -$76.4M |
|
192
Hilton Worldwide
HLT
$73.5B
| $360M | 0.09% |
2,846,016
+660,735
| +30% | +$87.1M |
|
193
PUT
Blackstone
BX
$108B
| $358M | 0.09% |
4,830,000
+2,049,300
| +74% | +$177M |
|
|
194
Alphabet (Google) Class C
GOOG
$4.18T
| $357M | 0.09% |
4,019,897
-776,502
| -16% | -$74.1M |
|
195
CALL
Texas Instruments
TXN
$241B
| $355M | 0.09% |
2,151,600
+932,600
| +77% | +$156M |
|
196
CALL
Airbnb
ABNB
$110B
| $354M | 0.09% |
4,144,300
+731,000
| +21% | +$73.8M |
|
197
CALL
Shopify
SHOP
$192B
| $354M | 0.09% |
10,195,200
-336,600
| -3% | -$11.5M |
|
198
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $352M | 0.09% |
5,987,700
-1,090,600
| -15% | -$67.1M |
|
199
CALL
Comcast
CMCSA
$95.3B
| $352M | 0.09% |
10,056,000
+914,100
| +10% | +$30.2M |
|
200
PUT
SPDR Gold Trust
GLD
$152B
| $350M | 0.09% |
2,063,700
-59,600
| -3% | -$9.6M |
|
Similar funds
Jeff Yass's Q4 2022 Portfolio in Review
As of Q4 2022, Jeff Yass held 14,748 positions worth $395B, up 2.2% from $387B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jeff Yass's Q4 2022 filing shows 1,670 new, 4,598 increased, 5,766 reduced and 2,485 closed positions. Its largest new stake was Vanguard FTSE All-World ex-US ETF: 2,560,357 shares worth $128M. The largest sale was Amazon, an estimated $1.48B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, up from 1.9% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q4 2022 buy was Vanguard FTSE All-World ex-US ETF: 2,560,357 shares worth $128M.
- Jeff Yass added most to Tesla in Q4 2022, an estimated $2.17B increase.
- Jeff Yass's biggest Q4 2022 reduction was Amazon, cutting an estimated $1.48B.
- Jeff Yass fully exited Twitter, Inc. in Q4 2022, selling an estimated $76M.
- Jeff Yass's ten largest holdings make up 27% of its $395B portfolio in Q4 2022.
- Jeff Yass opened 1,670 new positions and closed 2,485 in Q4 2022.
- Jeff Yass's portfolio value rose 2.2% quarter-over-quarter to $395B.
Based on Susquehanna International Group's 13F filing for Q4 2022, filed 14 Feb 2023.