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 | Technology | 2.06% |
| 2 | Consumer Discretionary | 1.41% |
| 3 | Healthcare | 0.83% |
| 4 | Financials | 0.79% |
| 5 | Industrials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
CALL
Blackrock
BLK
$179B
| $415M | 0.08% |
510,900
+160,100
| +46% | +$112M |
|
|
XYZ
202
PUT
Block Inc
XYZ
$49.4B
| $413M | 0.08% |
5,341,800
+714,700
| +15% | +$40.4M |
|
203
Broadcom
AVGO
$1.75T
| $410M | 0.08% |
3,676,300
-358,540
| -9% | -$33.9M |
|
204
CALL
Cisco
CSCO
$438B
| $408M | 0.08% |
8,072,100
-608,900
| -7% | -$31.1M |
|
205
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $406M | 0.08% |
462,500
+19,000
| +4% | +$15.6M |
|
206
PUT
Deere & Co
DE
$175B
| $405M | 0.08% |
1,012,000
+74,000
| +8% | +$27.9M |
|
207
CALL
ConocoPhillips
COP
$162B
| $402M | 0.08% |
3,465,400
-1,498,400
| -30% | -$175M |
|
208
PUT
Starbucks
SBUX
$122B
| $401M | 0.08% |
4,181,300
+184,900
| +5% | +$18M |
|
|
209
iShares China Large-Cap ETF
FXI
$4.28B
| $401M | 0.08% |
16,669,701
+13,849,654
| +491% | +$351M |
|
210
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $398M | 0.08% |
2,915,200
-172,800
| -6% | -$22.5M |
|
211
CALL
Super Micro Computer
SMCI
$24.1B
| $396M | 0.08% |
13,928,000
+362,000
| +3% | +$10M |
|
212
CALL
CVS Health
CVS
$119B
| $395M | 0.08% |
5,008,500
-574,300
| -10% | -$40.9M |
|
213
PUT
T-Mobile US
TMUS
$196B
| $390M | 0.07% |
2,434,600
+432,300
| +22% | +$64M |
|
214
PUT
KLA
KLAC
$240B
| $388M | 0.07% |
6,683,000
+1,716,000
| +35% | +$89.3M |
|
215
Booking.com
BKNG
$158B
| $388M | 0.07% |
2,736,300
-2,293,825
| -46% | -$286M |
|
216
CALL
Rivian
RIVN
$24.6B
| $384M | 0.07% |
16,383,600
+3,602,100
| +28% | +$67.7M |
|
217
CALL
Applied Materials
AMAT
$391B
| $381M | 0.07% |
2,353,500
+193,000
| +9% | +$28.4M |
|
218
PUT
iShares MSCI Japan ETF
EWJ
$22.4B
| $381M | 0.07% |
5,935,800
+5,119,000
| +627% | +$313M |
|
219
CALL
Verizon
VZ
$205B
| $380M | 0.07% |
10,071,800
-3,065,100
| -23% | -$108M |
|
220
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $379M | 0.07% |
11,961,000
+4,741,400
| +66% | +$145M |
|
221
CALL
Airbnb
ABNB
$110B
| $374M | 0.07% |
2,745,700
-808,100
| -23% | -$104M |
|
222
CALL
Lowe's Companies
LOW
$121B
| $373M | 0.07% |
1,677,300
-302,000
| -15% | -$61.2M |
|
223
CALL
AutoZone
AZO
$48.3B
| $369M | 0.07% |
142,700
-49,500
| -26% | -$128M |
|
|
224
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $367M | 0.07% |
3,714,412
-8,658,178
| -70% | -$782M |
|
225
PUT
Intuit
INTU
$100B
| $367M | 0.07% |
587,000
+97,800
| +20% | +$53.9M |
|
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 Technology at 2.1% of assets, down from 2.4% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- 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.