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 | |
|---|---|---|---|---|---|---|
201
PUT
FedEx
FDX
$76.9B
| $365M | 0.08% |
1,377,400
-448,300
| -25% | -$117M |
|
202
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $365M | 0.08% |
13,559,500
-6,552,800
| -33% | -$193M |
|
203
PUT
Starbucks
SBUX
$122B
| $365M | 0.08% |
3,996,400
+330,900
| +9% | +$32.5M |
|
204
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $362M | 0.08% |
11,802,000
-6,787,400
| -37% | -$216M |
|
205
PUT
iShares Semiconductor ETF
SOXX
$41.3B
| $361M | 0.08% |
2,284,200
+318,300
| +16% | +$53M |
|
206
PUT
Pfizer
PFE
$160B
| $360M | 0.07% |
10,850,900
+479,400
| +5% | +$17M |
|
207
JPMorgan Chase
JPM
$935B
| $356M | 0.07% |
2,456,064
-2,510,671
| -51% | -$376M |
|
208
PUT
Deere & Co
DE
$175B
| $354M | 0.07% |
938,000
-70,200
| -7% | -$28.9M |
|
209
CALL
United Parcel Service
UPS
$86.8B
| $354M | 0.07% |
2,268,600
+9,400
| +0.4% | +$1.62M |
|
210
CALL
Thermo Fisher Scientific
TMO
$233B
| $352M | 0.07% |
695,200
+198,200
| +40% | +$106M |
|
|
211
PUT
Thermo Fisher Scientific
TMO
$233B
| $350M | 0.07% |
690,800
-124,800
| -15% | -$66.5M |
|
212
PUT
Lockheed Martin
LMT
$130B
| $349M | 0.07% |
853,300
+180,400
| +27% | +$80M |
|
213
PUT
Super Micro Computer
SMCI
$24.1B
| $345M | 0.07% |
12,578,000
+1,000,000
| +9% | +$27.9M |
|
214
CALL
MongoDB
MDB
$34.7B
| $344M | 0.07% |
994,800
+5,600
| +0.6% | +$2.13M |
|
215
CALL
Coinbase
COIN
$49.2B
| $343M | 0.07% |
4,567,100
-976,400
| -18% | -$82.3M |
|
|
216
CALL
Pfizer
PFE
$160B
| $339M | 0.07% |
10,234,500
+3,757,600
| +58% | +$133M |
|
217
DoorDash
DASH
$96.8B
| $339M | 0.07% |
4,261,398
+982,581
| +30% | +$80M |
|
218
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $337M | 0.07% |
4,191,200
+920,000
| +28% | +$77.8M |
|
219
PUT
Shopify
SHOP
$192B
| $337M | 0.07% |
6,180,200
-2,490,400
| -29% | -$151M |
|
220
Broadcom
AVGO
$1.75T
| $335M | 0.07% |
4,034,840
-380,660
| -9% | -$33M |
|
221
CALL
Moderna
MRNA
$57.9B
| $333M | 0.07% |
3,219,800
+1,077,400
| +50% | +$120M |
|
222
CALL
AT&T
T
$173B
| $330M | 0.07% |
21,983,100
+2,603,200
| +13% | +$38.2M |
|
223
PUT
Amgen
AMGN
$238B
| $329M | 0.07% |
1,224,600
+241,500
| +25% | +$60.3M |
|
224
CALL
Bristol-Myers Squibb
BMY
$137B
| $329M | 0.07% |
5,670,300
+2,267,200
| +67% | +$139M |
|
225
CALL
ServiceNow
NOW
$133B
| $328M | 0.07% |
2,931,000
-389,500
| -12% | -$44.4M |
|
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.