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 | |
|---|---|---|---|---|---|---|
2001
CALL
iShares MSCI Canada ETF
EWC
$6.91B
| $15.2M | ﹤0.01% |
433,000
+228,100
| +111% | +$7.9M |
|
2002
CALL
Darling Ingredients
DAR
$9.86B
| $15.1M | ﹤0.01% |
237,300
+147,500
| +164% | +$8.99M |
|
2003
CALL
FirstEnergy
FE
$27B
| $15.1M | ﹤0.01% |
389,300
+69,100
| +22% | +$2.71M |
|
2004
CALL
PagSeguro Digital
PAGS
$2.49B
| $15.1M | ﹤0.01% |
1,603,100
+896,800
| +127% | +$9.09M |
|
|
SWN
2005
DELISTED
Southwestern Energy Company
SWN
| $15.1M | ﹤0.01% |
2,517,047
-752,595
| -23% | -$3.88M |
|
2006
CALL
Lattice Semiconductor
LSCC
$16.9B
| $15.1M | ﹤0.01% |
157,200
-147,600
| -48% | -$12.7M |
|
2007
PUT
Roper Technologies
ROP
$40.9B
| $15.1M | ﹤0.01% |
31,400
+12,800
| +69% | +$5.8M |
|
2008
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $15.1M | ﹤0.01% |
68,521
-886
| -1% | -$185K |
|
|
2009
PUT
Darling Ingredients
DAR
$9.86B
| $15.1M | ﹤0.01% |
236,300
+198,400
| +523% | +$12.1M |
|
2010
RenaissanceRe
RNR
$13.8B
| $15.1M | ﹤0.01% |
80,814
+44,142
| +120% | +$8.78M |
|
2011
PUT
Illinois Tool Works
ITW
$81.3B
| $15M | ﹤0.01% |
60,100
-42,500
| -41% | -$9.95M |
|
2012
CALL
PTC
PTC
$16.5B
| $15M | ﹤0.01% |
105,400
+89,600
| +567% | +$11.9M |
|
2013
PUT
AerCap
AER
$23.6B
| $15M | ﹤0.01% |
236,100
-32,100
| -12% | -$1.85M |
|
2014
PUT
Citizens Financial Group
CFG
$29.7B
| $14.9M | ﹤0.01% |
572,200
-32,300
| -5% | -$890K |
|
|
XIFR
2015
CALL
XPLR Infrastructure LP
XIFR
$1.1B
| $14.9M | ﹤0.01% |
254,300
+59,800
| +31% | +$3.6M |
|
2016
CALL
Bank of Montreal
BMO
$121B
| $14.9M | ﹤0.01% |
165,100
-67,500
| -29% | -$5.97M |
|
2017
PUT
Novavax
NVAX
$1.52B
| $14.9M | ﹤0.01% |
2,006,700
+608,400
| +44% | +$4.78M |
|
2018
PUT
CSX Corp
CSX
$95.9B
| $14.9M | ﹤0.01% |
437,000
-352,200
| -45% | -$11.1M |
|
2019
PUT
iShares TIPS Bond ETF
TIP
$15.1B
| $14.9M | ﹤0.01% |
138,300
+47,300
| +52% | +$5.15M |
|
2020
Etsy
ETSY
$7.5B
| $14.9M | ﹤0.01% |
175,768
-64,097
| -27% | -$6.04M |
|
2021
CALL
Keurig Dr Pepper
KDP
$43.8B
| $14.9M | ﹤0.01% |
475,400
+131,500
| +38% | +$4.32M |
|
2022
Franklin Templeton
BEN
$17.8B
| $14.9M | ﹤0.01% |
556,335
+26,921
| +5% | +$696K |
|
|
CTRA
2023
PUT
DELISTED
Coterra Energy
CTRA
| $14.8M | ﹤0.01% |
586,800
-286,300
| -33% | -$7.12M |
|
2024
Nutanix
NTNX
$17.7B
| $14.8M | ﹤0.01% |
529,143
-1,234,925
| -70% | -$32.8M |
|
2025
PUT
Monster Beverage
MNST
$93.7B
| $14.8M | ﹤0.01% |
516,200
-1,181,400
| -70% | -$33.6M |
|
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.