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
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
PUT
Airbnb
ABNB
$110B
| $401M | 0.08% |
2,921,700
+100,900
| +4% | +$13.9M |
|
177
Bank of America
BAC
$431B
| $398M | 0.08% |
14,534,662
-6,618,886
| -31% | -$196M |
|
178
PUT
Humana
HUM
$45.5B
| $398M | 0.08% |
817,200
-87,600
| -10% | -$41.2M |
|
179
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $398M | 0.08% |
3,088,000
+322,900
| +12% | +$42.9M |
|
180
CALL
General Motors
GM
$77.2B
| $392M | 0.08% |
11,899,400
+2,347,700
| +25% | +$83.4M |
|
181
Alibaba
BABA
$286B
| $391M | 0.08% |
4,503,533
-450,292
| -9% | -$41.2M |
|
182
CALL
CVS Health
CVS
$119B
| $390M | 0.08% |
5,582,800
+1,669,800
| +43% | +$118M |
|
183
CALL
United States Oil Fund
USO
$2.24B
| $389M | 0.08% |
4,808,500
-1,436,600
| -23% | -$106M |
|
184
TSMC
TSM
$2.17T
| $386M | 0.08% |
4,442,657
+1,782,972
| +67% | +$169M |
|
185
CALL
T-Mobile US
TMUS
$196B
| $386M | 0.08% |
2,752,800
+299,600
| +12% | +$41.5M |
|
186
CALL
NextEra Energy
NEE
$174B
| $385M | 0.08% |
6,728,700
+3,900,700
| +138% | +$270M |
|
187
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $384M | 0.08% |
4,683,600
-1,330,200
| -22% | -$114M |
|
188
CALL
Nike
NKE
$60.5B
| $383M | 0.08% |
4,008,800
+977,400
| +32% | +$101M |
|
189
PUT
Uber
UBER
$161B
| $381M | 0.08% |
8,293,000
-2,654,800
| -24% | -$121M |
|
190
CALL
Intuit
INTU
$100B
| $379M | 0.08% |
741,500
+92,300
| +14% | +$46.7M |
|
191
CALL
Starbucks
SBUX
$122B
| $378M | 0.08% |
4,138,500
+790,800
| +24% | +$77.6M |
|
192
CALL
Merck
MRK
$376B
| $377M | 0.08% |
3,664,600
+630,600
| +21% | +$68M |
|
193
CALL
FedEx
FDX
$76.9B
| $377M | 0.08% |
1,422,000
-166,200
| -10% | -$43.2M |
|
194
PUT
IBM
IBM
$222B
| $377M | 0.08% |
2,684,600
+431,500
| +19% | +$61.4M |
|
195
CALL
Micron Technology
MU
$1.09T
| $375M | 0.08% |
5,505,600
-119,100
| -2% | -$7.98M |
|
|
196
CALL
TSMC
TSM
$2.17T
| $373M | 0.08% |
4,287,700
-1,904,500
| -31% | -$180M |
|
197
CALL
Super Micro Computer
SMCI
$24.1B
| $372M | 0.08% |
13,566,000
-860,000
| -6% | -$24M |
|
198
PUT
Snowflake
SNOW
$115B
| $371M | 0.08% |
2,428,200
-1,292,800
| -35% | -$210M |
|
199
PUT
Coinbase
COIN
$49.2B
| $369M | 0.08% |
4,915,500
-942,000
| -16% | -$79.4M |
|
200
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $365M | 0.08% |
443,500
-154,800
| -26% | -$122M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.