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 | |
|---|---|---|---|---|---|---|
2076
Petrobras Class A
PBR.A
$103B
| $14.1M | ﹤0.01% |
1,138,527
-206,692
| -15% | -$2.25M |
|
2077
PUT
Kenvue
KVUE
$36.9B
| $14.1M | ﹤0.01% |
+532,800
| New | +$13.9M |
|
2078
PUT
Cboe Global Markets
CBOE
$32.6B
| $14.1M | ﹤0.01% |
101,900
+12,000
| +13% | +$1.64M |
|
|
SWN
2079
PUT
DELISTED
Southwestern Energy Company
SWN
| $14M | ﹤0.01% |
2,337,700
-486,400
| -17% | -$2.51M |
|
2080
CALL
Raymond James Financial
RJF
$34B
| $14M | ﹤0.01% |
135,300
+27,400
| +25% | +$2.54M |
|
2081
Exelon
EXC
$45.8B
| $14M | ﹤0.01% |
343,805
-230,767
| -40% | -$9.54M |
|
|
LTHM
2082
CALL
DELISTED
Livent Corporation
LTHM
| $14M | ﹤0.01% |
510,400
+167,700
| +49% | +$4.02M |
|
2083
PUT
JPMorgan Equity Premium Income ETF
JEPI
$46.5B
| $14M | ﹤0.01% |
253,000
+80,200
| +46% | +$4.38M |
|
2084
International Flavors & Fragrances
IFF
$22.2B
| $14M | ﹤0.01% |
175,728
-108,654
| -38% | -$9.35M |
|
2085
PUT
Equifax
EFX
$22.4B
| $14M | ﹤0.01% |
59,400
-43,300
| -42% | -$9.11M |
|
2086
Wayfair
W
$14.2B
| $13.9M | ﹤0.01% |
214,370
+205,218
| +2,242% | +$8.64M |
|
2087
Arch Capital
ACGL
$34.4B
| $13.9M | ﹤0.01% |
186,095
-34,902
| -16% | -$2.52M |
|
2088
PUT
Sysco
SYY
$39.9B
| $13.9M | ﹤0.01% |
187,600
-290,300
| -61% | -$21.5M |
|
2089
CALL
Factset
FDS
$10.5B
| $13.9M | ﹤0.01% |
34,700
+5,900
| +20% | +$2.38M |
|
2090
Baker Hughes
BKR
$61.5B
| $13.9M | ﹤0.01% |
439,568
-435,116
| -50% | -$12.7M |
|
|
VMRK
2091
Vivmark Residential
VMRK
$26.7B
| $13.9M | ﹤0.01% |
210,544
-33,795
| -14% | -$2.11M |
|
2092
iShares MSCI ACWI ex US ETF
ACWX
$12.5B
| $13.9M | ﹤0.01% |
281,534
+129,257
| +85% | +$6.37M |
|
2093
CALL
Synchrony
SYF
$26B
| $13.8M | ﹤0.01% |
408,200
-321,000
| -44% | -$9.8M |
|
2094
PUT
Delek US
DK
$4.34B
| $13.8M | ﹤0.01% |
577,100
+301,200
| +109% | +$6.84M |
|
2095
CALL
Otis Worldwide
OTIS
$27.5B
| $13.8M | ﹤0.01% |
155,100
-182,100
| -54% | -$15.3M |
|
2096
PUT
Toronto Dominion Bank
TD
$197B
| $13.8M | ﹤0.01% |
222,600
-5,200
| -2% | -$313K |
|
2097
CALL
Campbell Soup
CPB
$6.93B
| $13.8M | ﹤0.01% |
301,900
-9,000
| -3% | -$464K |
|
2098
Hasbro
HAS
$13.6B
| $13.8M | ﹤0.01% |
212,916
+122,735
| +136% | +$7.17M |
|
2099
DuPont de Nemours
DD
$18.6B
| $13.8M | ﹤0.01% |
153,781
-407,520
| -73% | -$35.1M |
|
2100
PUT
Kohl's
KSS
$2.03B
| $13.8M | ﹤0.01% |
597,200
+64,800
| +12% | +$1.4M |
|
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.