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 |
Tesla
TSLA
|
+$2.17B |
| 2 |
Microsoft
MSFT
|
+$619M |
| 3 |
Apple
AAPL
|
+$377M |
| 4 |
Booking.com
BKNG
|
+$319M |
| 5 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$270M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.48B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$896M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$599M |
| 4 |
Citigroup
C
|
+$467M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$430M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.55% |
| 3 | Financials | 1.15% |
| 4 | Healthcare | 0.97% |
| 5 | Communication Services | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
CALL
Workday
WDAY
$49.4B
| $349M | 0.09% |
2,088,100
+442,900
| +27% | +$69.1M |
|
202
PUT
Merck
MRK
$376B
| $348M | 0.09% |
3,140,700
+93,500
| +3% | +$9.56M |
|
203
CALL
Thermo Fisher Scientific
TMO
$233B
| $343M | 0.09% |
623,000
+2,600
| +0.4% | +$1.38M |
|
204
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $342M | 0.09% |
11,859,400
-2,697,200
| -19% | -$72.1M |
|
205
CALL
Micron Technology
MU
$1.09T
| $339M | 0.09% |
6,783,600
+2,492,700
| +58% | +$136M |
|
206
Walt Disney
DIS
$186B
| $337M | 0.09% |
3,884,643
-1,138,930
| -23% | -$109M |
|
207
CALL
Intuitive Surgical
ISRG
$134B
| $333M | 0.08% |
1,255,900
+227,000
| +22% | +$55.3M |
|
208
PUT
TSMC
TSM
$2.17T
| $333M | 0.08% |
4,466,500
+641,700
| +17% | +$46.4M |
|
209
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $330M | 0.08% |
3,978,900
-1,116,900
| -22% | -$90.4M |
|
210
PUT
Pinduoduo
PDD
$126B
| $327M | 0.08% |
4,007,100
+614,600
| +18% | +$42.8M |
|
211
PUT
Snowflake
SNOW
$115B
| $323M | 0.08% |
2,252,800
-298,200
| -12% | -$45.5M |
|
212
PUT
Texas Instruments
TXN
$241B
| $323M | 0.08% |
1,954,500
+485,000
| +33% | +$80.9M |
|
213
PUT
Airbnb
ABNB
$110B
| $323M | 0.08% |
3,774,100
-887,100
| -19% | -$89.6M |
|
214
PUT
Procter & Gamble
PG
$336B
| $322M | 0.08% |
2,126,700
-537,500
| -20% | -$75.3M |
|
215
CALL
United Parcel Service
UPS
$86.8B
| $322M | 0.08% |
1,852,200
-2,281,100
| -55% | -$395M |
|
216
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $317M | 0.08% |
2,329,700
-797,600
| -26% | -$116M |
|
217
Bank of America
BAC
$431B
| $311M | 0.08% |
9,399,917
+2,275,463
| +32% | +$78.4M |
|
218
PUT
PepsiCo
PEP
$196B
| $311M | 0.08% |
1,720,800
+613,100
| +55% | +$109M |
|
219
PUT
Deere & Co
DE
$175B
| $310M | 0.08% |
723,900
-115,900
| -14% | -$47.1M |
|
220
Cigna
CI
$73.3B
| $309M | 0.08% |
932,447
+850,626
| +1,040% | +$269M |
|
221
CALL
BP
BP
$115B
| $304M | 0.08% |
8,702,900
+10,400
| +0.1% | +$346K |
|
222
CALL
lululemon athletica
LULU
$13.7B
| $303M | 0.08% |
947,200
+334,400
| +55% | +$110M |
|
223
PUT
Northrop Grumman
NOC
$78.3B
| $303M | 0.08% |
555,700
+167,200
| +43% | +$87.2M |
|
224
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $300M | 0.08% |
2,845,400
-8,123,600
| -74% | -$850M |
|
225
CALL
Biogen
BIIB
$32B
| $300M | 0.08% |
1,081,800
-366,600
| -25% | -$104M |
|
Similar funds
Jeff Yass's Q4 2022 Portfolio in Review
As of Q4 2022, Jeff Yass held 14,748 positions worth $395B, up 2.2% from $387B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jeff Yass's Q4 2022 filing shows 1,670 new, 4,598 increased, 5,766 reduced and 2,485 closed positions. Its largest new stake was Vanguard FTSE All-World ex-US ETF: 2,560,357 shares worth $128M. The largest sale was Amazon, an estimated $1.48B.
By sector, the portfolio is most concentrated in Technology at 2.1% of assets, up from 1.9% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q4 2022 buy was Vanguard FTSE All-World ex-US ETF: 2,560,357 shares worth $128M.
- Jeff Yass added most to Tesla in Q4 2022, an estimated $2.17B increase.
- Jeff Yass's biggest Q4 2022 reduction was Amazon, cutting an estimated $1.48B.
- Jeff Yass fully exited Twitter, Inc. in Q4 2022, selling an estimated $76M.
- Jeff Yass's ten largest holdings make up 27% of its $395B portfolio in Q4 2022.
- Jeff Yass opened 1,670 new positions and closed 2,485 in Q4 2022.
- Jeff Yass's portfolio value rose 2.2% quarter-over-quarter to $395B.
Based on Susquehanna International Group's 13F filing for Q4 2022, filed 14 Feb 2023.