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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.26B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$2.12B |
| 3 |
Apple
AAPL
|
+$986M |
| 4 |
Amazon
AMZN
|
+$676M |
| 5 |
Kenvue
KVUE
|
+$501M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.26B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$638M |
| 3 |
Microsoft
MSFT
|
+$630M |
| 4 |
Meta Platforms (Facebook)
META
|
+$578M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$453M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.36% |
| 2 | Consumer Discretionary | 1.65% |
| 3 | Financials | 1.08% |
| 4 | Healthcare | 0.89% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
CALL
Sociedad Química y Minera de Chile
SQM
$22.6B
| $15.6M | ﹤0.01% |
260,700
-315,100
| -55% | -$21.3M |
|
2027
PUT
Host Hotels & Resorts
HST
$15.8B
| $15.5M | ﹤0.01% |
966,100
+37,400
| +4% | +$623K |
|
2028
PUT
Cardinal Health
CAH
$55.3B
| $15.5M | ﹤0.01% |
178,700
-192,200
| -52% | -$17.4M |
|
2029
PUT
Celanese
CE
$4.89B
| $15.5M | ﹤0.01% |
123,500
+10,700
| +9% | +$1.32M |
|
|
IMGN
2030
DELISTED
Immunogen Inc
IMGN
| $15.5M | ﹤0.01% |
974,887
-340,771
| -26% | -$5.67M |
|
2031
CALL
Matador Resources
MTDR
$6.87B
| $15.4M | ﹤0.01% |
259,300
-197,800
| -43% | -$11.5M |
|
2032
Exelixis
EXEL
$14.1B
| $15.4M | ﹤0.01% |
705,198
-88,787
| -11% | -$1.86M |
|
2033
CALL
Bath & Body Works
BBWI
$3.54B
| $15.4M | ﹤0.01% |
455,700
-429,600
| -49% | -$15.6M |
|
|
DISH
2034
CALL
DELISTED
DISH Network Corp.
DISH
| $15.4M | ﹤0.01% |
2,628,400
-391,200
| -13% | -$2.67M |
|
2035
Idexx Laboratories
IDXX
$43.3B
| $15.4M | ﹤0.01% |
35,188
+8,092
| +30% | +$4.04M |
|
2036
Markel Group
MKL
$22.4B
| $15.4M | ﹤0.01% |
10,447
+2,464
| +31% | +$3.61M |
|
2037
PUT
Lumentum
LITE
$79.4B
| $15.3M | ﹤0.01% |
339,600
-31,100
| -8% | -$1.58M |
|
2038
CALL
Canadian Solar
CSIQ
$970M
| $15.3M | ﹤0.01% |
623,300
-131,300
| -17% | -$4.15M |
|
|
WIRE
2039
PUT
DELISTED
Encore Wire Corp
WIRE
| $15.3M | ﹤0.01% |
84,000
-22,300
| -21% | -$3.78M |
|
2040
PUT
Aflac
AFL
$58.2B
| $15.3M | ﹤0.01% |
199,600
+43,700
| +28% | +$3.24M |
|
|
SAVE
2041
PUT
DELISTED
Spirit Airlines, Inc.
SAVE
| $15.3M | ﹤0.01% |
927,400
+217,900
| +31% | +$3.71M |
|
2042
Kimberly-Clark
KMB
$36.9B
| $15.3M | ﹤0.01% |
126,554
+1,096
| +0.9% | +$142K |
|
2043
PUT
F5
FFIV
$21.7B
| $15.3M | ﹤0.01% |
94,900
-6,400
| -6% | -$1M |
|
2044
CALL
Jacobs Solutions
J
$17.7B
| $15.3M | ﹤0.01% |
135,163
+92,003
| +213% | +$9.91M |
|
|
AKRO
2045
CALL
DELISTED
Akero Therapeutics
AKRO
| $15.3M | ﹤0.01% |
301,700
+151,900
| +101% | +$7.07M |
|
2046
CALL
iShares S&P 500 Value ETF
IVE
$50.3B
| $15.2M | ﹤0.01% |
99,100
+7,600
| +8% | +$1.23M |
|
2047
PUT
Madrigal Pharmaceuticals
MDGL
$11.8B
| $15.2M | ﹤0.01% |
104,300
-62,400
| -37% | -$11.7M |
|
2048
PUT
OneMain Financial
OMF
$7.27B
| $15.2M | ﹤0.01% |
379,900
-3,800
| -1% | -$162K |
|
2049
Arch Capital
ACGL
$34.3B
| $15.2M | ﹤0.01% |
190,932
+4,837
| +3% | +$376K |
|
2050
PUT
Immunovant
IMVT
$8.99B
| $15.2M | ﹤0.01% |
396,100
+314,800
| +387% | +$7.12M |
|
Similar funds
Jeff Yass's Q3 2023 Portfolio in Review
As of Q3 2023, Jeff Yass held 13,532 positions worth $481B, down 2.3% from $492B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass's Q3 2023 filing shows 1,585 new, 5,250 increased, 4,926 reduced and 1,614 closed positions. Its largest new stake was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M. The largest sale was NVIDIA, an estimated $1.26B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 2.7% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q3 2023 buy was iShares JPMorgan USD Emerging Markets Bond ETF: 632,356 shares worth $52.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $3.26B increase.
- Jeff Yass's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $1.26B.
- Jeff Yass fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $45.6M.
- Jeff Yass's ten largest holdings make up 28% of its $481B portfolio in Q3 2023.
- Jeff Yass opened 1,585 new positions and closed 1,614 in Q3 2023.
- Jeff Yass's portfolio value fell 2.3% quarter-over-quarter to $481B.
Based on Susquehanna International Group's 13F filing for Q3 2023, filed 14 Nov 2023.