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 |
Alibaba
BABA
|
+$422M |
| 2 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$411M |
| 3 |
iShares China Large-Cap ETF
FXI
|
+$351M |
| 4 |
Pfizer
PFE
|
+$331M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$319M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.28B |
| 2 |
Meta Platforms (Facebook)
META
|
+$989M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$953M |
| 4 |
Amazon
AMZN
|
+$816M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$782M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.23% |
| 2 | Technology | 2.06% |
| 3 | Consumer Discretionary | 1.41% |
| 4 | Healthcare | 0.83% |
| 5 | Financials | 0.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2151
Darden Restaurants
DRI
$24B
| $14.4M | ﹤0.01% |
87,934
+20,904
| +31% | +$3.17M |
|
2152
CALL
PennyMac Financial
PFSI
$3.82B
| $14.4M | ﹤0.01% |
163,400
-6,400
| -4% | -$481K |
|
2153
CALL
Motorola Solutions
MSI
$80.5B
| $14.4M | ﹤0.01% |
46,100
-52,700
| -53% | -$16M |
|
2154
PUT
Planet Fitness
PLNT
$3.91B
| $14.4M | ﹤0.01% |
197,700
+12,400
| +7% | +$762K |
|
|
AKRO
2155
CALL
DELISTED
Akero Therapeutics
AKRO
| $14.4M | ﹤0.01% |
617,700
+316,000
| +105% | +$6.23M |
|
2156
PUT
McCormick & Company Non-Voting
MKC
$14.7B
| $14.4M | ﹤0.01% |
210,800
+185,600
| +737% | +$12.1M |
|
|
IMGN
2157
PUT
DELISTED
Immunogen Inc
IMGN
| $14.4M | ﹤0.01% |
486,000
-33,500
| -6% | -$667K |
|
2158
PUT
Williams Companies
WMB
$90.7B
| $14.4M | ﹤0.01% |
413,500
+52,300
| +14% | +$1.84M |
|
2159
PUT
Lincoln National
LNC
$8.33B
| $14.4M | ﹤0.01% |
532,700
+136,700
| +35% | +$3.29M |
|
2160
PUT
Bloom Energy
BE
$64.2B
| $14.4M | ﹤0.01% |
969,800
+28,300
| +3% | +$354K |
|
2161
PUT
Mid-America Apartment Communities
MAA
$14.9B
| $14.3M | ﹤0.01% |
106,600
-26,200
| -20% | -$3.33M |
|
2162
Principal Financial Group
PFG
$24B
| $14.3M | ﹤0.01% |
181,908
-6,777
| -4% | -$491K |
|
2163
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$296M
| $14.3M | ﹤0.01% |
473,557
-218,728
| -32% | -$8.2M |
|
|
VSXY
2164
CALL
Victoria's Secret
VSXY
$7.13B
| $14.3M | ﹤0.01% |
538,400
+319,800
| +146% | +$6.78M |
|
2165
Aramark
ARMK
$15.5B
| $14.3M | ﹤0.01% |
507,466
-37,296
| -7% | -$1.01M |
|
2166
CALL
SouthState Bank Corp
SSB
$10.3B
| $14.2M | ﹤0.01% |
168,700
+139,000
| +468% | +$10.3M |
|
2167
PUT
TKO Group
TKO
$13.5B
| $14.2M | ﹤0.01% |
174,600
-90,200
| -34% | -$7.16M |
|
2168
Gartner
IT
$12.4B
| $14.2M | ﹤0.01% |
31,524
-1,836
| -6% | -$733K |
|
2169
Norwegian Cruise Line
NCLH
$7.65B
| $14.2M | ﹤0.01% |
708,319
+231,270
| +48% | +$3.71M |
|
|
SGI
2170
PUT
Somnigroup International
SGI
$13.1B
| $14.2M | ﹤0.01% |
278,200
+24,900
| +10% | +$1.06M |
|
2171
CALL
Grab
GRAB
$14.7B
| $14.2M | ﹤0.01% |
4,202,800
+659,400
| +19% | +$2.13M |
|
2172
CALL
Glaukos
GKOS
$10.7B
| $14.2M | ﹤0.01% |
178,100
+139,400
| +360% | +$9.51M |
|
2173
Travelers Companies
TRV
$77B
| $14.2M | ﹤0.01% |
74,297
-133,258
| -64% | -$23.1M |
|
2174
PUT
Mobileye
MBLY
$7.32B
| $14.2M | ﹤0.01% |
326,700
-1,400
| -0.4% | -$55.1K |
|
|
WW
2175
CALL
DELISTED
WW International
WW
| $14.1M | ﹤0.01% |
1,615,600
-129,900
| -7% | -$1.1M |
|
Similar funds
Jeff Yass's Q4 2023 Portfolio in Review
As of Q4 2023, Jeff Yass held 13,823 positions worth $525B, up 9.3% from $481B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q4 2023 filing shows 1,903 new, 5,066 increased, 5,122 reduced and 1,577 closed positions. Its largest new stake was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $4.28B.
By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, up from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
- Jeff Yass's largest Q4 2023 buy was Vanguard Emerging Markets Government Bond ETF: 471,007 shares worth $30M.
- Jeff Yass added most to Alibaba in Q4 2023, an estimated $422M increase.
- Jeff Yass's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $4.28B.
- Jeff Yass fully exited VMware, Inc in Q4 2023, selling an estimated $313M.
- Jeff Yass's ten largest holdings make up 24% of its $525B portfolio in Q4 2023.
- Jeff Yass opened 1,903 new positions and closed 1,577 in Q4 2023.
- Jeff Yass's portfolio value rose 9.3% quarter-over-quarter to $525B.
Based on Susquehanna International Group's 13F filing for Q4 2023, filed 14 Feb 2024.