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
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
PUT
Occidental Petroleum
OXY
$61.3B
| $417M | 0.09% |
6,685,600
-2,823,000
| -30% | -$175M |
|
177
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $413M | 0.09% |
3,235,000
+905,300
| +39% | +$120M |
|
178
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $411M | 0.09% |
12,788,400
-414,300
| -3% | -$14.4M |
|
179
CALL
ProShares UltraPro QQQ
TQQQ
$35.7B
| $408M | 0.09% |
28,831,000
+7,122,200
| +33% | +$81.2M |
|
180
PUT
United States Oil Fund
USO
$2.24B
| $402M | 0.09% |
6,055,500
+907,500
| +18% | +$60.5M |
|
181
CALL
PepsiCo
PEP
$196B
| $402M | 0.09% |
2,204,700
-307,300
| -12% | -$53.7M |
|
182
PUT
Shopify
SHOP
$192B
| $400M | 0.09% |
8,349,400
-4,420,000
| -35% | -$194M |
|
183
CALL
American Express
AXP
$227B
| $398M | 0.08% |
2,413,100
+597,700
| +33% | +$99.2M |
|
184
PUT
ServiceNow
NOW
$133B
| $396M | 0.08% |
4,256,500
+1,021,500
| +32% | +$89M |
|
185
CALL
Airbnb
ABNB
$110B
| $393M | 0.08% |
3,156,400
-987,900
| -24% | -$113M |
|
186
CALL
Amgen
AMGN
$238B
| $384M | 0.08% |
1,586,900
+191,800
| +14% | +$47.1M |
|
187
CALL
Moderna
MRNA
$57.9B
| $381M | 0.08% |
2,484,000
-1,539,800
| -38% | -$254M |
|
188
PUT
Snowflake
SNOW
$115B
| $381M | 0.08% |
2,470,600
+217,800
| +10% | +$31.9M |
|
189
CALL
Nucor
NUE
$55.3B
| $380M | 0.08% |
2,457,900
+1,333,800
| +119% | +$212M |
|
190
CALL
Nike
NKE
$60.5B
| $379M | 0.08% |
3,091,500
-168,800
| -5% | -$20.8M |
|
|
191
CALL
TSMC
TSM
$2.17T
| $377M | 0.08% |
4,050,600
-2,720,800
| -40% | -$244M |
|
|
192
PUT
American Express
AXP
$227B
| $374M | 0.08% |
2,267,000
+819,400
| +57% | +$136M |
|
|
193
CALL
ServiceNow
NOW
$133B
| $372M | 0.08% |
3,999,500
+428,000
| +12% | +$37.3M |
|
194
PUT
Intel
INTC
$476B
| $371M | 0.08% |
11,346,000
+1,954,600
| +21% | +$55.4M |
|
195
CALL
Devon Energy
DVN
$54B
| $370M | 0.08% |
7,304,900
-3,140,000
| -30% | -$179M |
|
196
Alphabet (Google) Class C
GOOG
$4.18T
| $369M | 0.08% |
3,551,724
-468,173
| -12% | -$45.2M |
|
197
CALL
Lockheed Martin
LMT
$130B
| $369M | 0.08% |
780,800
-551,800
| -41% | -$259M |
|
198
CALL
Merck
MRK
$376B
| $369M | 0.08% |
3,465,400
-1,838,300
| -35% | -$198M |
|
199
PUT
FedEx
FDX
$76.9B
| $368M | 0.08% |
1,609,000
-101,100
| -6% | -$20.5M |
|
200
PUT
Procter & Gamble
PG
$336B
| $368M | 0.08% |
2,472,300
+345,600
| +16% | +$49.4M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.