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 | |
|---|---|---|---|---|---|---|
2101
CALL
Yum China
YUMC
$16.1B
| $14.4M | ﹤0.01% |
258,900
+51,600
| +25% | +$2.89M |
|
|
FLNA
2102
CALL
Filana Therapeutics
FLNA
$44.7M
| $14.4M | ﹤0.01% |
863,200
+413,300
| +92% | +$8.19M |
|
2103
Skyworks Solutions
SWKS
$10B
| $14.4M | ﹤0.01% |
145,644
-71,701
| -33% | -$7.63M |
|
2104
Occidental Petroleum Corp Warrants
OXY.WS
$34.6B
| $14.4M | ﹤0.01% |
331,981
-8,001
| -2% | -$328K |
|
2105
Advance Auto Parts
AAP
$2.66B
| $14.4M | ﹤0.01% |
256,677
-419,110
| -62% | -$28.1M |
|
2106
PUT
Innovative Industrial Properties
IIPR
$1.57B
| $14.4M | ﹤0.01% |
189,700
-22,800
| -11% | -$1.82M |
|
2107
PUT
FMC
FMC
$1.39B
| $14.4M | ﹤0.01% |
214,300
+152,000
| +244% | +$13.2M |
|
2108
United Therapeutics
UTHR
$22.2B
| $14.4M | ﹤0.01% |
63,539
+5,686
| +10% | +$1.31M |
|
2109
First Trust Smith Opportunistic Fixed Income ETF
FIXD
$3.23B
| $14.3M | ﹤0.01% |
+340,909
| New | +$14.8M |
|
2110
PUT
Invesco NASDAQ 100 ETF
QQQM
$103B
| $14.3M | ﹤0.01% |
97,200
+56,100
| +136% | +$8.56M |
|
|
PR
2111
PUT
Permian Resources
PR
$19.1B
| $14.3M | ﹤0.01% |
1,025,100
+105,100
| +11% | +$1.32M |
|
2112
CALL
FLEX LNG
FLNG
$1.65B
| $14.3M | ﹤0.01% |
474,200
+61,200
| +15% | +$1.89M |
|
2113
CALL
Sunoco
SUN
$14.1B
| $14.3M | ﹤0.01% |
292,100
+193,200
| +195% | +$8.78M |
|
2114
iShares MSCI Intl Quality Factor ETF
IQLT
$14.3B
| $14.3M | ﹤0.01% |
+425,067
| New | +$14.9M |
|
2115
CALL
Targa Resources
TRGP
$63B
| $14.3M | ﹤0.01% |
166,600
-115,900
| -41% | -$9.6M |
|
2116
Cooper Companies
COO
$14.2B
| $14.3M | ﹤0.01% |
179,264
+89,644
| +100% | +$8.26M |
|
2117
CALL
Sunrun
RUN
$2.2B
| $14.2M | ﹤0.01% |
1,134,400
+198,800
| +21% | +$3.27M |
|
2118
CALL
Ares Capital
ARCC
$14.3B
| $14.2M | ﹤0.01% |
731,500
-30,800
| -4% | -$597K |
|
2119
ProShares UltraPro Short S&P 500
SPXU
$392M
| $14.2M | ﹤0.01% |
59,587
+53,287
| +846% | +$11.4M |
|
|
MRO
2120
DELISTED
Marathon Oil Corporation
MRO
| $14.2M | ﹤0.01% |
532,207
-9,093
| -2% | -$235K |
|
2121
Ball Corp
BALL
$17B
| $14.2M | ﹤0.01% |
285,057
+164,079
| +136% | +$8.95M |
|
|
APLS
2122
DELISTED
Apellis Pharmaceuticals
APLS
| $14.2M | ﹤0.01% |
372,785
+56,875
| +18% | +$2.5M |
|
2123
CALL
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $14.2M | ﹤0.01% |
470,100
+215,200
| +84% | +$6.58M |
|
2124
PUT
YPF Sociedad Anonima ADS
YPF
$19.7B
| $14.2M | ﹤0.01% |
1,156,700
-79,600
| -6% | -$1.12M |
|
2125
PUT
Watsco Inc
WSO
$13B
| $14.2M | ﹤0.01% |
37,500
+13,400
| +56% | +$4.84M |
|
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.