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 |
Invesco QQQ Trust
QQQ
|
+$1.41B |
| 2 |
Apple
AAPL
|
+$949M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$788M |
| 4 |
Microsoft
MSFT
|
+$654M |
| 5 |
Broadcom
AVGO
|
+$568M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$1.26B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$702M |
| 3 |
Tesla
TSLA
|
+$694M |
| 4 |
Micron Technology
MU
|
+$601M |
| 5 |
Strategy Inc
MSTR
|
+$512M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.97% |
| 2 | Financials | 0.89% |
| 3 | Consumer Discretionary | 0.83% |
| 4 | Healthcare | 0.75% |
| 5 | Communication Services | 0.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
PUT
Ulta Beauty
ULTA
$22.4B
| $410M | 0.06% |
942,800
-227,700
| -19% | -$88.2M |
|
227
CALL
Applied Materials
AMAT
$391B
| $409M | 0.06% |
2,517,900
-567,300
| -18% | -$103M |
|
228
PUT
Royal Caribbean
RCL
$78.1B
| $409M | 0.06% |
1,774,100
-379,000
| -18% | -$83.9M |
|
229
CALL
Baidu
BIDU
$31.6B
| $409M | 0.06% |
4,852,000
+367,000
| +8% | +$33.5M |
|
230
PUT
TKO Group
TKO
$14.1B
| $405M | 0.06% |
2,849,500
+2,370,200
| +495% | +$310M |
|
|
231
PUT
Applied Materials
AMAT
$391B
| $400M | 0.06% |
2,457,800
-117,100
| -5% | -$21.2M |
|
232
UnitedHealth
UNH
$350B
| $399M | 0.06% |
788,105
+472,869
| +150% | +$269M |
|
233
CALL
Vertiv
VRT
$101B
| $398M | 0.06% |
3,501,800
-1,262,300
| -26% | -$150M |
|
234
Alphabet (Google) Class C
GOOG
$4.18T
| $396M | 0.06% |
2,079,419
+257,942
| +14% | +$45.5M |
|
235
iShares China Large-Cap ETF
FXI
$4.28B
| $395M | 0.06% |
12,982,656
+9,535,517
| +277% | +$301M |
|
236
Palantir
PLTR
$432B
| $393M | 0.06% |
5,199,899
+4,478,981
| +621% | +$261M |
|
237
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $393M | 0.06% |
2,970,300
+1,012,500
| +52% | +$138M |
|
238
CALL
Lockheed Martin
LMT
$130B
| $389M | 0.06% |
800,900
-38,600
| -5% | -$21M |
|
239
CALL
GE Aerospace
GE
$361B
| $386M | 0.06% |
2,316,800
-1,259,500
| -35% | -$225M |
|
240
CALL
Texas Instruments
TXN
$241B
| $386M | 0.06% |
2,058,800
-244,800
| -11% | -$48.9M |
|
241
CALL
Merck
MRK
$376B
| $381M | 0.06% |
3,830,700
+252,200
| +7% | +$26M |
|
|
242
CALL
Ulta Beauty
ULTA
$22.4B
| $378M | 0.06% |
868,300
-32,100
| -4% | -$12.4M |
|
243
CALL
Cisco
CSCO
$438B
| $377M | 0.06% |
6,373,100
-345,900
| -5% | -$19.8M |
|
244
CALL
Caterpillar
CAT
$381B
| $377M | 0.06% |
1,038,000
-552,100
| -35% | -$214M |
|
245
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $375M | 0.06% |
2,729,400
-645,400
| -19% | -$94.4M |
|
246
CALL
Verizon
VZ
$205B
| $374M | 0.06% |
9,355,700
+695,900
| +8% | +$29.4M |
|
247
PUT
Deere & Co
DE
$175B
| $374M | 0.06% |
882,600
+1,800
| +0.2% | +$758K |
|
248
PUT
Procter & Gamble
PG
$336B
| $374M | 0.06% |
2,229,200
-357,900
| -14% | -$61M |
|
249
Eli Lilly
LLY
$1.12T
| $372M | 0.06% |
482,252
+49,973
| +12% | +$41.4M |
|
250
CALL
CVS Health
CVS
$119B
| $372M | 0.06% |
8,282,700
+2,199,000
| +36% | +$123M |
|
Similar funds
Jeff Yass's Q4 2024 Portfolio in Review
As of Q4 2024, Jeff Yass held 13,659 positions worth $663B, up 16% from $572B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass deployed $61.2B of net new capital in Q4 2024, opening 1,863 new positions and adding to 5,386 existing holdings. Its largest new stake was State Street SPDR S&P 400 Mid Cap Value ETF: 1,000,000 shares worth $80.2M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, up from 1.8% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares 20+ Year Treasury Bond ETF, an estimated $1.26B trimmed.
- Jeff Yass's largest Q4 2024 buy was State Street SPDR S&P 400 Mid Cap Value ETF: 1,000,000 shares worth $80.2M.
- Jeff Yass added most to Invesco QQQ Trust in Q4 2024, an estimated $1.41B increase.
- Jeff Yass's biggest Q4 2024 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $1.26B.
- Jeff Yass fully exited NextEra Energy 7.299% Corporate Units in Q4 2024, selling an estimated $112M.
- Jeff Yass's ten largest holdings make up 28% of its $663B portfolio in Q4 2024.
- Jeff Yass opened 1,863 new positions and closed 1,590 in Q4 2024.
- Jeff Yass's portfolio value rose 16% quarter-over-quarter to $663B.
Based on Susquehanna International Group's 13F filing for Q4 2024, filed 14 Feb 2025.