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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $31.6B | 6.57% |
73,863,100
-1,757,800
| -2% | -$782M |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $15.3B | 3.18% |
35,691,800
-15,599,400
| -30% | -$6.94B |
|
3
CALL
Tesla
TSLA
$1.43T
| $14.6B | 3.03% |
58,271,500
-7,576,900
| -12% | -$1.95B |
|
|
4
PUT
Invesco QQQ Trust
QQQ
$486B
| $12.4B | 2.58% |
34,657,200
-4,260,900
| -11% | -$1.58B |
|
|
5
PUT
Tesla
TSLA
$1.43T
| $11.1B | 2.31% |
44,447,500
-10,661,000
| -19% | -$2.74B |
|
|
6
CALL
NVIDIA
NVDA
$5.2T
| $10.4B | 2.17% |
239,526,000
+41,834,000
| +21% | +$1.87B |
|
|
7
PUT
NVIDIA
NVDA
$5.2T
| $10.2B | 2.13% |
234,836,000
-23,444,000
| -9% | -$1.05B |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $10B | 2.09% |
28,040,200
+1,531,100
| +6% | +$568M |
|
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $9.21B | 1.92% |
21,535,490
+7,319,342
| +51% | +$3.26B |
|
10
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $8.5B | 1.77% |
48,065,300
+11,515,900
| +32% | +$2.16B |
|
|
11
CALL
Apple
AAPL
$4.51T
| $6.92B | 1.44% |
40,443,500
-8,700,600
| -18% | -$1.6B |
|
|
12
CALL
Meta Platforms (Facebook)
META
$1.4T
| $6.81B | 1.42% |
22,674,200
+4,916,800
| +28% | +$1.48B |
|
|
13
CALL
Amazon
AMZN
$2.79T
| $6.12B | 1.27% |
48,141,400
-738,400
| -2% | -$98.9M |
|
|
14
PUT
Apple
AAPL
$4.51T
| $5.99B | 1.25% |
35,001,200
+1,511,000
| +5% | +$277M |
|
|
15
PUT
Amazon
AMZN
$2.79T
| $5.19B | 1.08% |
40,848,200
-2,041,600
| -5% | -$274M |
|
|
16
CALL
Microsoft
MSFT
$3.59T
| $5.18B | 1.08% |
16,420,400
-1,139,400
| -6% | -$377M |
|
|
17
PUT
Microsoft
MSFT
$3.59T
| $4.26B | 0.89% |
13,491,100
-2,071,800
| -13% | -$685M |
|
|
18
PUT
Meta Platforms (Facebook)
META
$1.4T
| $4.17B | 0.87% |
13,883,700
+2,141,500
| +18% | +$645M |
|
19
PUT
Booking.com
BKNG
$158B
| $3.14B | 0.65% |
25,455,000
+5,925,000
| +30% | +$718M |
|
|
20
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $3.04B | 0.63% |
23,240,700
+3,145,200
| +16% | +$407M |
|
|
21
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $3.03B | 0.63% |
22,951,600
+1,343,400
| +6% | +$175M |
|
|
22
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.89B | 0.6% |
22,055,400
-3,025,400
| -12% | -$391M |
|
|
23
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $2.79B | 0.58% |
15,811,200
-114,600
| -0.7% | -$21.5M |
|
|
24
Invesco QQQ Trust
QQQ
$486B
| $2.79B | 0.58% |
7,784,791
+5,704,401
| +274% | +$2.12B |
|
25
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $2.14B | 0.44% |
24,078,000
+3,522,900
| +17% | +$339M |
|
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.