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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $20.9B | 3.97% |
43,878,400
-29,984,700
| -41% | -$13.4B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $19B | 3.62% |
40,004,100
+4,312,300
| +12% | +$1.92B |
|
3
CALL
Tesla
TSLA
$1.43T
| $13.5B | 2.56% |
54,187,500
-4,084,000
| -7% | -$971M |
|
|
4
CALL
Invesco QQQ Trust
QQQ
$486B
| $12.8B | 2.43% |
31,221,200
+3,181,000
| +11% | +$1.21B |
|
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $11B | 2.1% |
26,943,100
-7,714,100
| -22% | -$2.93B |
|
6
CALL
NVIDIA
NVDA
$5.2T
| $10.9B | 2.08% |
220,482,000
-19,044,000
| -8% | -$883M |
|
|
7
PUT
NVIDIA
NVDA
$5.2T
| $10.8B | 2.05% |
217,203,000
-17,633,000
| -8% | -$817M |
|
|
8
PUT
Tesla
TSLA
$1.43T
| $10.1B | 1.93% |
40,821,300
-3,626,200
| -8% | -$862M |
|
|
9
CALL
Amazon
AMZN
$2.79T
| $8.28B | 1.58% |
54,528,100
+6,386,700
| +13% | +$895M |
|
10
CALL
Apple
AAPL
$4.51T
| $7.85B | 1.49% |
40,761,100
+317,600
| +0.8% | +$58.6M |
|
11
CALL
Microsoft
MSFT
$3.59T
| $7.37B | 1.4% |
19,606,800
+3,186,400
| +19% | +$1.13B |
|
|
12
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $7.27B | 1.38% |
36,237,100
-11,828,200
| -25% | -$2.12B |
|
|
13
CALL
Meta Platforms (Facebook)
META
$1.4T
| $7.05B | 1.34% |
19,910,000
-2,764,200
| -12% | -$900M |
|
|
14
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $5.67B | 1.08% |
11,922,505
-9,612,985
| -45% | -$4.28B |
|
|
15
PUT
Amazon
AMZN
$2.79T
| $5.63B | 1.07% |
37,045,100
-3,803,100
| -9% | -$533M |
|
|
16
PUT
Apple
AAPL
$4.51T
| $5.57B | 1.06% |
28,934,900
-6,066,300
| -17% | -$1.12B |
|
|
17
PUT
Meta Platforms (Facebook)
META
$1.4T
| $5.32B | 1.01% |
15,032,100
+1,148,400
| +8% | +$374M |
|
|
18
PUT
Microsoft
MSFT
$3.59T
| $5.05B | 0.96% |
13,440,900
-50,200
| -0.4% | -$17.9M |
|
|
19
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $4.07B | 0.77% |
20,265,600
+4,454,400
| +28% | +$798M |
|
20
PUT
Booking.com
BKNG
$158B
| $3.44B | 0.66% |
24,260,000
-1,195,000
| -5% | -$149M |
|
21
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $3.44B | 0.66% |
24,638,500
+1,397,800
| +6% | +$188M |
|
|
22
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $3.15B | 0.6% |
22,567,500
+512,100
| +2% | +$68.8M |
|
|
23
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $3.09B | 0.59% |
21,911,300
-1,040,300
| -5% | -$141M |
|
24
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $2.87B | 0.55% |
37,078,100
+16,630,900
| +81% | +$1.24B |
|
25
PUT
Netflix
NFLX
$331B
| $2.79B | 0.53% |
57,384,000
+6,170,000
| +12% | +$269M |
|
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.