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 | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $26.4B | 6.69% |
69,150,700
+14,729,400
| +27% | +$5.66B |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $25.1B | 6.36% |
65,759,600
-12,883,500
| -16% | -$4.95B |
|
|
3
CALL
Tesla
TSLA
$1.43T
| $9.52B | 2.41% |
77,255,400
+13,243,700
| +21% | +$2.51B |
|
|
4
CALL
Invesco QQQ Trust
QQQ
$486B
| $8.66B | 2.19% |
32,526,200
+4,289,900
| +15% | +$1.19B |
|
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $7.89B | 1.99% |
29,617,100
-3,189,300
| -10% | -$882M |
|
|
6
PUT
Tesla
TSLA
$1.43T
| $7.16B | 1.81% |
58,105,500
+5,805,200
| +11% | +$1.1B |
|
|
7
CALL
Amazon
AMZN
$2.79T
| $6.74B | 1.71% |
80,271,300
+5,228,000
| +7% | +$516M |
|
|
8
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $5.85B | 1.48% |
15,296,021
-52,726
| -0.3% | -$20.3M |
|
|
9
CALL
Apple
AAPL
$4.51T
| $5.75B | 1.45% |
44,245,500
+4,222,800
| +11% | +$603M |
|
|
10
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $5.31B | 1.34% |
30,438,400
-9,290,300
| -23% | -$1.65B |
|
|
11
CALL
Microsoft
MSFT
$3.59T
| $4.66B | 1.18% |
19,450,500
+8,302,200
| +74% | +$1.99B |
|
|
12
PUT
Apple
AAPL
$4.51T
| $4.29B | 1.08% |
32,994,700
-2,197,700
| -6% | -$314M |
|
|
13
PUT
Amazon
AMZN
$2.79T
| $3.59B | 0.91% |
42,777,600
-28,512,900
| -40% | -$2.82B |
|
|
14
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $2.94B | 0.74% |
16,849,400
+4,738,600
| +39% | +$843M |
|
|
15
PUT
Microsoft
MSFT
$3.59T
| $2.87B | 0.73% |
11,986,300
+2,616,100
| +28% | +$628M |
|
16
CALL
Meta Platforms (Facebook)
META
$1.4T
| $2.77B | 0.7% |
23,027,600
+6,202,900
| +37% | +$728M |
|
|
17
PUT
Booking.com
BKNG
$158B
| $2.48B | 0.63% |
30,742,500
+9,512,500
| +45% | +$722M |
|
18
CALL
NVIDIA
NVDA
$5.2T
| $2.31B | 0.58% |
157,921,000
+51,042,000
| +48% | +$749M |
|
19
CALL
Netflix
NFLX
$331B
| $2.27B | 0.57% |
76,842,000
+17,628,000
| +30% | +$494M |
|
|
20
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.09B | 0.53% |
23,612,500
-158,100
| -0.7% | -$15M |
|
|
21
PUT
Netflix
NFLX
$331B
| $2.08B | 0.53% |
70,533,000
+5,952,000
| +9% | +$167M |
|
|
22
Invesco QQQ Trust
QQQ
$486B
| $2.06B | 0.52% |
7,729,324
-2,166,550
| -22% | -$599M |
|
23
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $2.04B | 0.52% |
20,523,700
+6,396,600
| +45% | +$645M |
|
24
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.92B | 0.49% |
5,803,900
+246,500
| +4% | +$80.1M |
|
25
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.9B | 0.48% |
6,161,600
+1,444,500
| +31% | +$429M |
|
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.