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 | |
|---|---|---|---|---|---|---|
2026
PUT
F5
FFIV
$22.6B
| $14.8M | ﹤0.01% |
101,300
+28,300
| +39% | +$4.02M |
|
2027
Parker-Hannifin
PH
$131B
| $14.8M | ﹤0.01% |
37,949
-27,199
| -42% | -$9.2M |
|
2028
PUT
ProShares UltraShort S&P500
SDS
$396M
| $14.8M | ﹤0.01% |
86,280
-49,240
| -36% | -$9.46M |
|
2029
Watsco Inc
WSO
$13B
| $14.8M | ﹤0.01% |
38,716
-2,119
| -5% | -$719K |
|
2030
PUT
Lincoln National
LNC
$8.29B
| $14.8M | ﹤0.01% |
572,900
+162,800
| +40% | +$3.57M |
|
2031
CALL
iShares S&P 500 Value ETF
IVE
$50.3B
| $14.7M | ﹤0.01% |
91,500
-19,100
| -17% | -$2.94M |
|
2032
PUT
CRISPR Therapeutics
CRSP
$5.73B
| $14.7M | ﹤0.01% |
262,400
+34,600
| +15% | +$1.96M |
|
2033
PUT
Royal Gold
RGLD
$22.5B
| $14.7M | ﹤0.01% |
128,300
-5,100
| -4% | -$656K |
|
|
SPR
2034
PUT
DELISTED
Spirit AeroSystems
SPR
| $14.7M | ﹤0.01% |
504,100
+212,600
| +73% | +$6.13M |
|
2035
Owens Corning
OC
$11.5B
| $14.7M | ﹤0.01% |
112,723
+99,228
| +735% | +$10.9M |
|
2036
PUT
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$721M
| $14.7M | ﹤0.01% |
124,175
+50,445
| +68% | +$6.29M |
|
2037
PUT
Oneok
OKE
$59.8B
| $14.7M | ﹤0.01% |
238,200
+138,200
| +138% | +$8.55M |
|
|
GES
2038
CALL
DELISTED
Guess Inc
GES
| $14.7M | ﹤0.01% |
755,700
+295,500
| +64% | +$5.69M |
|
2039
CALL
Saia
SAIA
$9.33B
| $14.7M | ﹤0.01% |
42,900
-5,000
| -10% | -$1.45M |
|
2040
Alliant Energy
LNT
$17.9B
| $14.7M | ﹤0.01% |
279,445
+131,044
| +88% | +$7.02M |
|
2041
FIGS
FIGS
$2.53B
| $14.7M | ﹤0.01% |
1,773,251
+678,107
| +62% | +$5.16M |
|
|
2042
CALL
Lincoln National
LNC
$8.29B
| $14.7M | ﹤0.01% |
569,000
+12,800
| +2% | +$281K |
|
2043
PUT
Stratasys
SSYS
$694M
| $14.6M | ﹤0.01% |
823,400
+713,200
| +647% | +$11.2M |
|
2044
Wabtec
WAB
$50.8B
| $14.6M | ﹤0.01% |
133,046
-25,001
| -16% | -$2.48M |
|
2045
CALL
Vanguard Energy ETF
VDE
$10.7B
| $14.6M | ﹤0.01% |
129,200
+27,300
| +27% | +$3.07M |
|
2046
Peabody Energy
BTU
$3.33B
| $14.6M | ﹤0.01% |
672,663
-1,666,243
| -71% | -$36.9M |
|
2047
CALL
BridgeBio Pharma
BBIO
$15.5B
| $14.5M | ﹤0.01% |
844,300
+603,100
| +250% | +$9.07M |
|
2048
CALL
Huntington Bancshares
HBAN
$34.4B
| $14.5M | ﹤0.01% |
1,344,200
+335,000
| +33% | +$3.58M |
|
|
LAC
2049
CALL
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $14.5M | ﹤0.01% |
716,600
-590,500
| -45% | -$12.2M |
|
|
MRSH
2050
CALL
Marsh
MRSH
$92.2B
| $14.5M | ﹤0.01% |
76,900
+35,400
| +85% | +$6.28M |
|
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.