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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $35.3B | 7.51% |
86,283,200
+20,523,600
| +31% | +$8.19B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $29.7B | 6.31% |
72,439,200
+3,288,500
| +5% | +$1.31B |
|
|
3
CALL
Tesla
TSLA
$1.43T
| $15B | 3.19% |
72,296,100
-4,959,300
| -6% | -$865M |
|
|
4
PUT
Tesla
TSLA
$1.43T
| $11.2B | 2.38% |
54,031,900
-4,073,600
| -7% | -$711M |
|
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $11B | 2.35% |
34,370,200
+4,753,100
| +16% | +$1.4B |
|
|
6
CALL
Invesco QQQ Trust
QQQ
$486B
| $9.57B | 2.03% |
29,814,800
-2,711,400
| -8% | -$800M |
|
7
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $9.48B | 2.02% |
53,159,000
+22,720,600
| +75% | +$4.18B |
|
8
CALL
Apple
AAPL
$4.51T
| $7.7B | 1.64% |
46,665,900
+2,420,400
| +5% | +$357M |
|
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $7.51B | 1.6% |
18,344,688
+3,048,667
| +20% | +$1.22B |
|
10
CALL
Amazon
AMZN
$2.79T
| $6.23B | 1.33% |
60,342,300
-19,929,000
| -25% | -$1.93B |
|
11
CALL
Microsoft
MSFT
$3.59T
| $6.02B | 1.28% |
20,879,300
+1,428,800
| +7% | +$364M |
|
|
12
PUT
Apple
AAPL
$4.51T
| $5.41B | 1.15% |
32,826,400
-168,300
| -0.5% | -$24.8M |
|
|
13
CALL
NVIDIA
NVDA
$5.2T
| $4.6B | 0.98% |
165,780,000
+7,859,000
| +5% | +$170M |
|
|
14
PUT
Amazon
AMZN
$2.79T
| $4.16B | 0.88% |
40,259,100
-2,518,500
| -6% | -$243M |
|
|
15
CALL
Meta Platforms (Facebook)
META
$1.4T
| $4.15B | 0.88% |
19,571,800
-3,455,800
| -15% | -$589M |
|
|
16
PUT
NVIDIA
NVDA
$5.2T
| $4.04B | 0.86% |
145,608,000
+23,867,000
| +20% | +$517M |
|
|
17
PUT
Microsoft
MSFT
$3.59T
| $3.92B | 0.83% |
13,590,600
+1,604,300
| +13% | +$409M |
|
|
18
Invesco QQQ Trust
QQQ
$486B
| $3.03B | 0.64% |
9,438,942
+1,709,618
| +22% | +$504M |
|
19
PUT
Booking.com
BKNG
$158B
| $2.72B | 0.58% |
25,602,500
-5,140,000
| -17% | -$500M |
|
|
20
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $2.61B | 0.56% |
14,646,400
-2,203,000
| -13% | -$406M |
|
21
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.35B | 0.5% |
22,702,300
-910,200
| -4% | -$87.3M |
|
|
22
PUT
Meta Platforms (Facebook)
META
$1.4T
| $2.29B | 0.49% |
10,822,200
+969,000
| +10% | +$165M |
|
|
23
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $2.1B | 0.45% |
20,229,700
+1,246,500
| +7% | +$120M |
|
24
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $2B | 0.43% |
26,494,600
+9,640,600
| +57% | +$722M |
|
25
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $2B | 0.43% |
6,017,500
+213,600
| +4% | +$71M |
|
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.