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 | Miscellaneous | 92.23% |
| 2 | Technology | 2.06% |
| 3 | Consumer Discretionary | 1.41% |
| 4 | Healthcare | 0.83% |
| 5 | Financials | 0.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GTLS
2001
PUT
DELISTED
Chart Industries
GTLS
| $16.4M | ﹤0.01% |
120,600
+68,400
| +131% | +$9.24M |
|
2002
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
$2.39B
| $16.4M | ﹤0.01% |
332,955
+229,546
| +222% | +$11.1M |
|
2003
Vanguard Morningstar Value ETF
VTV
$193B
| $16.4M | ﹤0.01% |
+109,542
| New | +$15.4M |
|
|
FLG
2004
PUT
Flagstar Bank National Association
FLG
$5.57B
| $16.4M | ﹤0.01% |
532,933
+98,266
| +23% | +$2.95M |
|
2005
CALL
Public Storage
PSA
$58.2B
| $16.3M | ﹤0.01% |
53,600
-41,400
| -44% | -$11M |
|
2006
CALL
Dynatrace
DT
$15.6B
| $16.3M | ﹤0.01% |
298,600
-260,500
| -47% | -$13.2M |
|
2007
Edwards Lifesciences
EW
$52B
| $16.3M | ﹤0.01% |
214,046
-71,839
| -25% | -$5M |
|
2008
PUT
Bilibili
BILI
$6.96B
| $16.3M | ﹤0.01% |
1,340,500
+51,600
| +4% | +$673K |
|
2009
CALL
Innovative Industrial Properties
IIPR
$1.56B
| $16.3M | ﹤0.01% |
161,700
+14,000
| +9% | +$1.15M |
|
|
AXON
2010
Axon Enterprise
AXON
$49.6B
| $16.3M | ﹤0.01% |
63,062
+34,342
| +120% | +$7.74M |
|
2011
PUT
Plug Power
PLUG
$3.17B
| $16.3M | ﹤0.01% |
3,615,200
-290,800
| -7% | -$1.53M |
|
2012
PUT
Vertiv
VRT
$103B
| $16.3M | ﹤0.01% |
338,600
-137,600
| -29% | -$5.86M |
|
2013
CALL
Cal-Maine
CALM
$3.75B
| $16.2M | ﹤0.01% |
283,100
+37,100
| +15% | +$1.83M |
|
2014
Vistra
VST
$47B
| $16.2M | ﹤0.01% |
+421,621
| New | +$14.7M |
|
2015
CALL
Texas Roadhouse
TXRH
$13.2B
| $16.2M | ﹤0.01% |
132,800
-54,500
| -29% | -$5.82M |
|
2016
PUT
Direxion Daily MSCI Brazil Bull 2X ETF
BRZU
$99.5M
| $16.2M | ﹤0.01% |
157,500
+23,600
| +18% | +$2.03M |
|
|
HCP
2017
CALL
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| $16.2M | ﹤0.01% |
684,100
+220,800
| +48% | +$4.78M |
|
|
MASI
2018
PUT
DELISTED
Masimo
MASI
| $16.1M | ﹤0.01% |
137,600
+35,600
| +35% | +$3.32M |
|
2019
CALL
Krystal Biotech
KRYS
$10.5B
| $16.1M | ﹤0.01% |
130,000
+58,200
| +81% | +$6.45M |
|
2020
PUT
Rockwell Automation
ROK
$48B
| $16.1M | ﹤0.01% |
51,900
-43,900
| -46% | -$12.3M |
|
|
GRMN
2021
CALL
Garmin
GRMN
$56B
| $16.1M | ﹤0.01% |
125,200
+64,300
| +106% | +$7.46M |
|
2022
Crown Castle
CCI
$32B
| $16.1M | ﹤0.01% |
139,641
-66,684
| -32% | -$6.83M |
|
2023
PUT
WD-40
WDFC
$2.94B
| $16.1M | ﹤0.01% |
67,200
+13,800
| +26% | +$3.08M |
|
2024
PUT
Blackstone Mortgage Trust
BXMT
$2.34B
| $16.1M | ﹤0.01% |
755,000
+220,000
| +41% | +$4.74M |
|
2025
Ardelyx
ARDX
$984M
| $16.1M | ﹤0.01% |
2,589,482
+258,532
| +11% | +$1.16M |
|
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 Miscellaneous at 92% of assets, up from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.