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 | |
|---|---|---|---|---|---|---|
2051
PUT
WEC Energy
WEC
$35B
| $14.5M | ﹤0.01% |
163,800
+27,600
| +20% | +$2.55M |
|
2052
CALL
Alerian MLP ETF
AMLP
$13.4B
| $14.4M | ﹤0.01% |
368,400
+106,200
| +41% | +$4.12M |
|
2053
CALL
New Oriental
EDU
$9.19B
| $14.4M | ﹤0.01% |
365,700
-169,300
| -32% | -$6.77M |
|
2054
Insulet
PODD
$9.94B
| $14.4M | ﹤0.01% |
50,046
+15,057
| +43% | +$4.57M |
|
2055
Keysight
KEYS
$54.8B
| $14.4M | ﹤0.01% |
86,104
-26,210
| -23% | -$4.07M |
|
2056
CALL
VICI Properties
VICI
$28.6B
| $14.4M | ﹤0.01% |
457,700
-377,400
| -45% | -$12.1M |
|
2057
CALL
Tyler Technologies
TYL
$14.4B
| $14.4M | ﹤0.01% |
34,500
+22,000
| +176% | +$8.47M |
|
2058
Aptiv
APTV
$9.61B
| $14.4M | ﹤0.01% |
140,701
-68,042
| -33% | -$6.73M |
|
2059
PUT
East-West Bancorp
EWBC
$17.9B
| $14.4M | ﹤0.01% |
272,100
+120,000
| +79% | +$6.09M |
|
2060
Frontline
FRO
$9.17B
| $14.3M | ﹤0.01% |
987,255
+426,442
| +76% | +$6.37M |
|
2061
W.W. Grainger
GWW
$62.9B
| $14.3M | ﹤0.01% |
18,184
-4,037
| -18% | -$2.78M |
|
2062
PUT
Hyatt Hotels
H
$16.7B
| $14.3M | ﹤0.01% |
125,100
-70,600
| -36% | -$7.98M |
|
2063
HubSpot
HUBS
$11.8B
| $14.3M | ﹤0.01% |
26,921
+1,189
| +5% | +$557K |
|
2064
CALL
Ares Capital
ARCC
$14.3B
| $14.3M | ﹤0.01% |
762,300
-430,300
| -36% | -$7.95M |
|
2065
CALL
Ferguson
FERG
$45.6B
| $14.3M | ﹤0.01% |
91,000
+10,300
| +13% | +$1.47M |
|
2066
CALL
Direxion Daily Energy Bull 2X ETF
ERX
$255M
| $14.3M | ﹤0.01% |
261,600
-13,100
| -5% | -$729K |
|
2067
Ares Management
ARES
$32B
| $14.3M | ﹤0.01% |
148,449
+106,303
| +252% | +$9.19M |
|
2068
PPG Industries
PPG
$25.4B
| $14.3M | ﹤0.01% |
96,207
-103,860
| -52% | -$14.5M |
|
|
P
2069
Everpure Inc
P
$36.2B
| $14.3M | ﹤0.01% |
387,132
-178,278
| -32% | -$5.05M |
|
2070
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$761M
| $14.2M | ﹤0.01% |
138,450
+52,925
| +62% | +$5.41M |
|
2071
PUT
Kornit Digital
KRNT
$727M
| $14.2M | ﹤0.01% |
483,100
+263,900
| +120% | +$5.96M |
|
2072
CALL
Steris
STE
$23.1B
| $14.2M | ﹤0.01% |
63,000
+45,100
| +252% | +$9.02M |
|
2073
CALL
UBS Group
UBS
$167B
| $14.2M | ﹤0.01% |
698,600
+632,300
| +954% | +$12.7M |
|
|
APLS
2074
CALL
DELISTED
Apellis Pharmaceuticals
APLS
| $14.1M | ﹤0.01% |
155,000
-203,200
| -57% | -$17.5M |
|
2075
Western Digital
WDC
$169B
| $14.1M | ﹤0.01% |
491,455
-601,590
| -55% | -$16.7M |
|
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.