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 | |
|---|---|---|---|---|---|---|
2051
CALL
Mobileye
MBLY
$7.26B
| $15.2M | ﹤0.01% |
365,000
+174,400
| +92% | +$6.71M |
|
2052
CALL
Ameriprise Financial
AMP
$49.5B
| $15.2M | ﹤0.01% |
46,000
+5,400
| +13% | +$1.84M |
|
2053
PUT
Icahn Enterprises
IEP
$4.84B
| $15.2M | ﹤0.01% |
766,200
-494,900
| -39% | -$12.5M |
|
2054
Neurocrine Biosciences
NBIX
$15.9B
| $15.1M | ﹤0.01% |
134,546
+38,648
| +40% | +$4.07M |
|
|
LAC
2055
PUT
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $15.1M | ﹤0.01% |
888,500
-21,200
| -2% | -$400K |
|
2056
PUT
Hertz
HTZ
$745M
| $15.1M | ﹤0.01% |
1,233,000
+162,100
| +15% | +$2.71M |
|
2057
PUT
Tower Semiconductor
TSEM
$25B
| $15.1M | ﹤0.01% |
614,000
+412,800
| +205% | +$13.2M |
|
2058
BJs Wholesale Club
BJ
$11.9B
| $15.1M | ﹤0.01% |
211,246
+145,918
| +223% | +$9.82M |
|
|
APLS
2059
PUT
DELISTED
Apellis Pharmaceuticals
APLS
| $15.1M | ﹤0.01% |
395,700
+166,900
| +73% | +$7.33M |
|
2060
CALL
Avantor
AVTR
$9.81B
| $15M | ﹤0.01% |
712,300
+359,400
| +102% | +$7.64M |
|
2061
PUT
ProShares Ultra Bloomberg Crude Oil
UCO
$380M
| $15M | ﹤0.01% |
425,600
-777,000
| -65% | -$24M |
|
|
FSR
2062
PUT
DELISTED
Fisker Inc.
FSR
| $15M | ﹤0.01% |
2,337,700
+102,800
| +5% | +$625K |
|
2063
The Mosaic Company
MOS
$7.68B
| $15M | ﹤0.01% |
420,450
-607,188
| -59% | -$23.3M |
|
2064
CALL
Ingersoll Rand
IR
$31B
| $15M | ﹤0.01% |
234,700
+166,300
| +243% | +$11.1M |
|
2065
CALL
Owens Corning
OC
$11.5B
| $15M | ﹤0.01% |
109,600
+76,500
| +231% | +$10.5M |
|
2066
CALL
Polaris
PII
$3.63B
| $14.9M | ﹤0.01% |
143,500
-74,600
| -34% | -$8.86M |
|
2067
CALL
Arbor Realty Trust
ABR
$944M
| $14.9M | ﹤0.01% |
983,800
+109,900
| +13% | +$1.74M |
|
2068
Erie Indemnity
ERIE
$13.5B
| $14.9M | ﹤0.01% |
50,656
-32,276
| -39% | -$8.35M |
|
2069
CALL
Tidewater
TDW
$4.42B
| $14.9M | ﹤0.01% |
209,400
-224,800
| -52% | -$14.2M |
|
2070
Chewy
CHWY
$9.4B
| $14.8M | ﹤0.01% |
811,990
+762,448
| +1,539% | +$21.8M |
|
2071
PUT
Groupon
GRPN
$775M
| $14.8M | ﹤0.01% |
965,600
+701,500
| +266% | +$6.83M |
|
|
FLG
2072
PUT
Flagstar Bank National Association
FLG
$5.65B
| $14.8M | ﹤0.01% |
434,667
-68,766
| -14% | -$2.49M |
|
2073
PUT
Global E Online
GLBE
$6.57B
| $14.8M | ﹤0.01% |
371,900
+182,900
| +97% | +$7.36M |
|
2074
RenaissanceRe
RNR
$13.8B
| $14.8M | ﹤0.01% |
74,670
-6,144
| -8% | -$1.18M |
|
2075
CALL
Reliance Steel & Aluminium
RS
$20B
| $14.8M | ﹤0.01% |
56,300
-22,500
| -29% | -$6.24M |
|
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.