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 | |
|---|---|---|---|---|---|---|
201
CALL
Super Micro Computer
SMCI
$24.1B
| $360M | 0.07% |
14,426,000
+7,685,000
| +114% | +$129M |
|
202
CALL
Cisco
CSCO
$438B
| $357M | 0.07% |
6,898,500
-2,822,300
| -29% | -$139M |
|
203
CALL
Micron Technology
MU
$1.09T
| $355M | 0.07% |
5,624,700
-416,300
| -7% | -$26.8M |
|
|
ATVI
204
CALL
DELISTED
Activision Blizzard
ATVI
| $353M | 0.07% |
4,188,500
+3,749,300
| +854% | +$303M |
|
205
PUT
Morgan Stanley
MS
$336B
| $351M | 0.07% |
4,106,500
+211,400
| +5% | +$18.1M |
|
206
CALL
Merck
MRK
$376B
| $350M | 0.07% |
3,034,000
-431,400
| -12% | -$49M |
|
207
CALL
Lowe's Companies
LOW
$121B
| $350M | 0.07% |
1,550,800
-653,100
| -30% | -$136M |
|
208
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $347M | 0.07% |
8,488,900
-5,098,500
| -38% | -$209M |
|
209
PUT
State Street SPDR S&P Homebuilders ETF
XHB
$1.46B
| $345M | 0.07% |
4,301,700
+2,813,400
| +189% | +$202M |
|
210
PUT
Strategy Inc
MSTR
$47.4B
| $342M | 0.07% |
9,985,000
+829,000
| +9% | +$25.1M |
|
211
PUT
Albemarle
ALB
$16.9B
| $342M | 0.07% |
1,531,400
+142,500
| +10% | +$29.1M |
|
212
CALL
T-Mobile US
TMUS
$196B
| $341M | 0.07% |
2,453,200
-610,000
| -20% | -$85.6M |
|
|
213
Berkshire Hathaway Class B
BRK.B
$1.06T
| $339M | 0.07% |
993,740
-1,612,642
| -62% | -$526M |
|
214
CALL
Citigroup
C
$221B
| $339M | 0.07% |
7,356,700
-4,135,300
| -36% | -$194M |
|
215
PUT
Coca-Cola
KO
$392B
| $338M | 0.07% |
5,619,700
-1,278,400
| -19% | -$79.5M |
|
|
XYZ
216
CALL
Block Inc
XYZ
$49.4B
| $338M | 0.07% |
5,079,500
-2,739,600
| -35% | -$171M |
|
217
CALL
ProShares Ultra Bloomberg Natural Gas
BOIL
$396M
| $335M | 0.07% |
486,050
+455,136
| +1,472% | +$284M |
|
218
PUT
AutoZone
AZO
$48.3B
| $335M | 0.07% |
134,300
+7,300
| +6% | +$18.6M |
|
219
CALL
Nike
NKE
$60.5B
| $335M | 0.07% |
3,031,400
-60,100
| -2% | -$7.03M |
|
220
CALL
iShares Semiconductor ETF
SOXX
$42.4B
| $334M | 0.07% |
1,973,400
+174,900
| +10% | +$26.2M |
|
221
CALL
Carnival Corporation Ltd
CCL
$35.2B
| $333M | 0.07% |
17,693,700
+6,258,500
| +55% | +$73.2M |
|
|
222
PUT
iShares Semiconductor ETF
SOXX
$42.4B
| $332M | 0.07% |
1,965,900
+18,900
| +1% | +$2.83M |
|
223
PayPal
PYPL
$52.7B
| $332M | 0.07% |
4,978,691
+2,933,359
| +143% | +$200M |
|
224
CALL
Starbucks
SBUX
$122B
| $332M | 0.07% |
3,347,700
-784,100
| -19% | -$81.4M |
|
225
ExxonMobil
XOM
$679B
| $328M | 0.07% |
3,059,785
+445,320
| +17% | +$48.6M |
|
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 1,867 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 1,370 new positions and closed 1,867 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.