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 | |
|---|---|---|---|---|---|---|
1976
PUT
Innovative Industrial Properties
IIPR
$1.57B
| $15.5M | ﹤0.01% |
212,500
+62,000
| +41% | +$4.37M |
|
1977
PUT
UBS Group
UBS
$167B
| $15.5M | ﹤0.01% |
765,200
-1,056,600
| -58% | -$21.2M |
|
1978
iShares MSCI Japan ETF
EWJ
$22.6B
| $15.5M | ﹤0.01% |
249,907
-328,681
| -57% | -$19.8M |
|
1979
Eos Energy Enterprises
EOSE
$1.22B
| $15.5M | ﹤0.01% |
3,560,298
+2,211,884
| +164% | +$5.8M |
|
1980
CALL
First Trust Cloud Computing ETF
SKYY
$3.26B
| $15.4M | ﹤0.01% |
203,200
-19,400
| -9% | -$1.33M |
|
1981
CALL
Bilibili
BILI
$6.76B
| $15.4M | ﹤0.01% |
1,021,600
-394,600
| -28% | -$7.24M |
|
1982
CALL
Samsara
IOT
$23.2B
| $15.4M | ﹤0.01% |
555,100
-64,000
| -10% | -$1.42M |
|
1983
PUT
UiPath
PATH
$8.68B
| $15.4M | ﹤0.01% |
926,700
+334,100
| +56% | +$5.36M |
|
1984
PUT
Fastenal
FAST
$58.7B
| $15.3M | ﹤0.01% |
520,200
-62,000
| -11% | -$1.7M |
|
1985
Teladoc Health
TDOC
$1.15B
| $15.3M | ﹤0.01% |
604,779
+189,727
| +46% | +$4.78M |
|
1986
Interactive Brokers
IBKR
$44B
| $15.3M | ﹤0.01% |
736,648
-166,660
| -18% | -$3.29M |
|
1987
CALL
Novavax
NVAX
$1.52B
| $15.3M | ﹤0.01% |
2,058,600
-908,700
| -31% | -$7.15M |
|
1988
PUT
Symbotic
SYM
$5.27B
| $15.3M | ﹤0.01% |
356,700
+310,800
| +677% | +$10.2M |
|
1989
Amphenol
APH
$199B
| $15.3M | ﹤0.01% |
359,424
-258,462
| -42% | -$10M |
|
|
NIMC
1990
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
| $15.3M | ﹤0.01% |
150,000
| – | – |
|
|
1991
UiPath
PATH
$8.68B
| $15.2M | ﹤0.01% |
919,342
+467,639
| +104% | +$7.5M |
|
1992
Norfolk Southern
NSC
$79.2B
| $15.2M | ﹤0.01% |
67,163
-85,300
| -56% | -$18.1M |
|
1993
Roblox
RBLX
$26.8B
| $15.2M | ﹤0.01% |
377,767
+322,015
| +578% | +$12.9M |
|
1994
Sysco
SYY
$39.9B
| $15.2M | ﹤0.01% |
204,985
-70,093
| -25% | -$5.18M |
|
|
SPYM
1995
CALL
State Street SPDR Portfolio S&P 500 ETF
SPYM
$170B
| $15.2M | ﹤0.01% |
291,800
-150,400
| -34% | -$7.42M |
|
1996
Celanese
CE
$4.91B
| $15.2M | ﹤0.01% |
131,192
+33,374
| +34% | +$3.62M |
|
|
NXH
1997
Neighborhood Intelligence Inc
NXH
$383M
| $15.2M | ﹤0.01% |
513,003
+300,627
| +142% | +$5.55M |
|
1998
Exelixis
EXEL
$13.9B
| $15.2M | ﹤0.01% |
793,985
+44,963
| +6% | +$867K |
|
|
NVMI
1999
CALL
Nova
NVMI
$11.7B
| $15.2M | ﹤0.01% |
129,300
+92,800
| +254% | +$9.49M |
|
2000
PUT
iShares US Transportation ETF
IYT
$2.28B
| $15.2M | ﹤0.01% |
242,800
-166,800
| -41% | -$9.56M |
|
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 1,866 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 1,371 new positions and closed 1,866 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.