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 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
PUT
Uber
UBER
$161B
| $472M | 0.09% |
7,663,100
-629,900
| -8% | -$33M |
|
177
PUT
United Rentals
URI
$68.4B
| $472M | 0.09% |
822,700
+328,200
| +66% | +$155M |
|
178
PUT
iShares Semiconductor ETF
SOXX
$41.3B
| $469M | 0.09% |
2,441,400
+157,200
| +7% | +$26.4M |
|
179
CALL
Intuit
INTU
$100B
| $467M | 0.09% |
747,600
+6,100
| +0.8% | +$3.36M |
|
180
PUT
Ulta Beauty
ULTA
$22.4B
| $459M | 0.09% |
936,000
+301,000
| +47% | +$127M |
|
181
CALL
MongoDB
MDB
$34.7B
| $454M | 0.09% |
1,109,700
+114,900
| +12% | +$43.6M |
|
182
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $448M | 0.09% |
2,560,400
-963,300
| -27% | -$151M |
|
183
PUT
AbbVie
ABBV
$468B
| $447M | 0.09% |
2,883,800
+176,200
| +7% | +$25.7M |
|
184
PUT
Target
TGT
$75.1B
| $446M | 0.09% |
3,134,700
+324,900
| +12% | +$39.7M |
|
185
PUT
Johnson & Johnson
JNJ
$651B
| $446M | 0.08% |
2,845,900
-427,400
| -13% | -$65.5M |
|
186
PUT
Caterpillar
CAT
$381B
| $446M | 0.08% |
1,507,800
+325,700
| +28% | +$84.5M |
|
187
CALL
Occidental Petroleum
OXY
$61.3B
| $445M | 0.08% |
7,457,500
-1,260,600
| -14% | -$76.9M |
|
188
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $445M | 0.08% |
10,613,000
-9,652,400
| -48% | -$413M |
|
189
PUT
Lockheed Martin
LMT
$130B
| $438M | 0.08% |
966,900
+113,600
| +13% | +$50.3M |
|
190
PUT
AutoZone
AZO
$48.3B
| $437M | 0.08% |
169,000
-7,300
| -4% | -$18.9M |
|
191
CALL
United Parcel Service
UPS
$86.8B
| $436M | 0.08% |
2,774,000
+505,400
| +22% | +$76.4M |
|
192
CALL
Union Pacific
UNP
$183B
| $436M | 0.08% |
1,774,200
-249,900
| -12% | -$54.9M |
|
193
CALL
Datadog
DDOG
$84.6B
| $434M | 0.08% |
3,579,000
+1,607,400
| +82% | +$166M |
|
|
194
PUT
Occidental Petroleum
OXY
$61.3B
| $433M | 0.08% |
7,249,000
-1,368,500
| -16% | -$83.5M |
|
195
CALL
KraneShares CSI China Internet ETF
KWEB
$5.28B
| $432M | 0.08% |
16,003,100
+8,323,900
| +108% | +$226M |
|
196
CALL
Starbucks
SBUX
$122B
| $431M | 0.08% |
4,485,700
+347,200
| +8% | +$33.8M |
|
197
CALL
Procter & Gamble
PG
$336B
| $429M | 0.08% |
2,928,800
-874,300
| -23% | -$129M |
|
198
PUT
Thermo Fisher Scientific
TMO
$233B
| $427M | 0.08% |
805,200
+114,400
| +17% | +$55.4M |
|
199
PUT
Qualcomm
QCOM
$169B
| $427M | 0.08% |
2,954,700
-850,800
| -22% | -$105M |
|
200
PUT
Morgan Stanley
MS
$336B
| $415M | 0.08% |
4,455,500
+511,700
| +13% | +$40.9M |
|
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 Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- 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.