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
|
+$1.22B |
| 2 |
Invesco QQQ Trust
QQQ
|
+$504M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$335M |
| 4 |
Bank of America
BAC
|
+$324M |
| 5 |
TSMC
TSM
|
+$297M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$1.62B |
| 2 |
Meta Platforms (Facebook)
META
|
+$471M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$396M |
| 4 |
NVIDIA
NVDA
|
+$391M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.31% |
| 2 | Consumer Discretionary | 1.61% |
| 3 | Financials | 1.35% |
| 4 | Healthcare | 1.15% |
| 5 | Communication Services | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
CALL
Micron Technology
MU
$1.09T
| $365M | 0.08% |
6,041,000
-742,600
| -11% | -$43.5M |
|
202
PUT
Moderna
MRNA
$57.9B
| $362M | 0.08% |
2,359,400
-488,500
| -17% | -$80.6M |
|
203
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $362M | 0.08% |
2,794,200
+94,400
| +3% | +$12.3M |
|
204
CALL
Enphase Energy
ENPH
$5.1B
| $361M | 0.08% |
1,714,400
-446,700
| -21% | -$96.8M |
|
|
205
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $358M | 0.08% |
3,266,600
+421,200
| +15% | +$45.6M |
|
206
CALL
Uber
UBER
$161B
| $358M | 0.08% |
11,287,200
+1,174,400
| +12% | +$37.3M |
|
207
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $356M | 0.08% |
11,012,600
-846,800
| -7% | -$25.6M |
|
208
CALL
Pinduoduo
PDD
$126B
| $355M | 0.08% |
4,672,400
-1,671,800
| -26% | -$151M |
|
209
Pfizer
PFE
$160B
| $353M | 0.08% |
8,648,402
+6,382,870
| +282% | +$276M |
|
210
iShares MSCI EAFE ETF
EFA
$80B
| $351M | 0.07% |
4,908,392
-906,233
| -16% | -$63.4M |
|
211
CALL
Newmont
NEM
$139B
| $350M | 0.07% |
7,143,900
+2,776,000
| +64% | +$135M |
|
212
CALL
General Motors
GM
$77.2B
| $347M | 0.07% |
9,447,100
+636,300
| +7% | +$24.1M |
|
213
PUT
Intuit
INTU
$100B
| $346M | 0.07% |
776,900
+55,000
| +8% | +$22.6M |
|
214
PUT
Verizon
VZ
$205B
| $346M | 0.07% |
8,889,600
+2,096,500
| +31% | +$82.7M |
|
215
PUT
Caterpillar
CAT
$381B
| $344M | 0.07% |
1,502,000
-223,700
| -13% | -$54.1M |
|
|
216
CALL
Caterpillar
CAT
$381B
| $343M | 0.07% |
1,500,100
-385,000
| -20% | -$93.1M |
|
217
PUT
Morgan Stanley
MS
$336B
| $342M | 0.07% |
3,895,100
-992,400
| -20% | -$92.6M |
|
218
JPMorgan Chase
JPM
$935B
| $341M | 0.07% |
2,613,119
+1,486,424
| +132% | +$204M |
|
|
219
PUT
Uber
UBER
$161B
| $340M | 0.07% |
10,717,200
+1,092,600
| +11% | +$34.7M |
|
220
Hilton Worldwide
HLT
$73.5B
| $340M | 0.07% |
2,411,485
-434,531
| -15% | -$61.2M |
|
221
CALL
Comcast
CMCSA
$95.3B
| $339M | 0.07% |
8,954,200
-1,101,800
| -11% | -$41.7M |
|
222
CALL
United States Oil Fund
USO
$2.24B
| $339M | 0.07% |
5,107,500
+836,000
| +20% | +$55.7M |
|
223
UnitedHealth
UNH
$350B
| $339M | 0.07% |
717,208
+327,595
| +84% | +$158M |
|
224
PUT
Union Pacific
UNP
$183B
| $337M | 0.07% |
1,672,300
+840,600
| +101% | +$170M |
|
|
SCHW
225
PUT
Charles Schwab
SCHW
$194B
| $335M | 0.07% |
6,403,600
+5,664,700
| +767% | +$415M |
|
Similar funds
Jeff Yass's Q1 2023 Portfolio in Review
As of Q1 2023, Jeff Yass held 14,310 positions worth $470B, up 19% from $395B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $24.4B of net new capital in Q1 2023, opening 2,075 new positions and adding to 5,756 existing holdings. Its largest new stake was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Tesla, an estimated $1.62B trimmed.
- Jeff Yass's largest Q1 2023 buy was Schwab US Aggregate Bond ETF: 2,949,950 shares worth $69.2M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2023, an estimated $1.22B increase.
- Jeff Yass's biggest Q1 2023 reduction was Tesla, cutting an estimated $1.62B.
- Jeff Yass fully exited NextEra Energy, Inc. 5.279% Corporate Units in Q1 2023, selling an estimated $61.5M.
- Jeff Yass's ten largest holdings make up 30% of its $470B portfolio in Q1 2023.
- Jeff Yass opened 2,075 new positions and closed 1,856 in Q1 2023.
- Jeff Yass's portfolio value rose 19% quarter-over-quarter to $470B.
Based on Susquehanna International Group's 13F filing for Q1 2023, filed 16 May 2023.