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 | |
|---|---|---|---|---|---|---|
176
PUT
Intel
INTC
$476B
| $408M | 0.08% |
12,191,800
+845,800
| +7% | +$26.6M |
|
177
CALL
MongoDB
MDB
$34.7B
| $407M | 0.08% |
989,200
+149,100
| +18% | +$43.5M |
|
178
PUT
Oracle
ORCL
$422B
| $406M | 0.08% |
3,409,100
+405,000
| +13% | +$41.9M |
|
179
CALL
United Parcel Service
UPS
$86.8B
| $405M | 0.08% |
2,259,200
+1,300
| +0.1% | +$231K |
|
180
PUT
Humana
HUM
$45.5B
| $405M | 0.08% |
904,800
-221,700
| -20% | -$112M |
|
181
CALL
Wells Fargo
WFC
$254B
| $400M | 0.08% |
9,381,300
-1,942,600
| -17% | -$78.2M |
|
182
CALL
Shopify
SHOP
$192B
| $400M | 0.08% |
6,195,300
-563,300
| -8% | -$31.8M |
|
183
CALL
United States Oil Fund
USO
$2.24B
| $397M | 0.08% |
6,245,100
+1,137,600
| +22% | +$74.2M |
|
184
CALL
Coinbase
COIN
$49.2B
| $397M | 0.08% |
5,543,500
+883,700
| +19% | +$52.7M |
|
185
PUT
AbbVie
ABBV
$468B
| $394M | 0.08% |
2,923,400
+1,499,100
| +105% | +$220M |
|
186
CALL
FedEx
FDX
$76.9B
| $394M | 0.08% |
1,588,200
+171,500
| +12% | +$39.2M |
|
187
PUT
Verizon
VZ
$205B
| $393M | 0.08% |
10,560,700
+1,671,100
| +19% | +$61.9M |
|
188
Boeing
BA
$169B
| $392M | 0.08% |
1,854,465
+1,136,742
| +158% | +$236M |
|
189
Broadcom
AVGO
$1.75T
| $383M | 0.08% |
4,415,500
-289,500
| -6% | -$20.6M |
|
190
PUT
Pfizer
PFE
$160B
| $380M | 0.08% |
10,371,500
-432,700
| -4% | -$16.8M |
|
191
CALL
ServiceNow
NOW
$133B
| $373M | 0.08% |
3,320,500
-679,000
| -17% | -$67.9M |
|
192
CALL
Lockheed Martin
LMT
$130B
| $370M | 0.08% |
803,200
+22,400
| +3% | +$10.4M |
|
193
CALL
General Motors
GM
$77.2B
| $368M | 0.07% |
9,551,700
+104,600
| +1% | +$3.62M |
|
194
CALL
Accenture
ACN
$113B
| $367M | 0.07% |
1,190,200
+253,000
| +27% | +$73.5M |
|
195
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $367M | 0.07% |
2,765,100
-29,100
| -1% | -$3.84M |
|
196
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $364M | 0.07% |
4,370,500
+891,600
| +26% | +$74.6M |
|
197
PUT
Starbucks
SBUX
$122B
| $363M | 0.07% |
3,665,500
+746,300
| +26% | +$77.5M |
|
198
PUT
CrowdStrike
CRWD
$195B
| $362M | 0.07% |
9,860,400
+1,267,600
| +15% | +$44.2M |
|
199
PUT
T-Mobile US
TMUS
$196B
| $362M | 0.07% |
2,604,800
+335,900
| +15% | +$47.1M |
|
200
PUT
Airbnb
ABNB
$110B
| $362M | 0.07% |
2,820,800
+281,600
| +11% | +$32.9M |
|
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 1,867 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 1,370 new positions and closed 1,867 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.