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
|
+$1.46B |
| 2 |
Apple
AAPL
|
+$931M |
| 3 |
Tesla
TSLA
|
+$793M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$769M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$644M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$703M |
| 2 |
Bank of America
BAC
|
+$690M |
| 3 |
Amazon
AMZN
|
+$678M |
| 4 |
JPMorgan Chase
JPM
|
+$601M |
| 5 |
Meta Platforms (Facebook)
META
|
+$431M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.38% |
| 2 | Consumer Discretionary | 1.48% |
| 3 | Healthcare | 0.92% |
| 4 | Communication Services | 0.78% |
| 5 | Financials | 0.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
CALL
Oracle
ORCL
$422B
| $321M | 0.05% |
4,954,500
-762,300
| -13% | -$45.4M |
|
|
277
Citigroup
C
$221B
| $320M | 0.05% |
5,193,352
-13,831,913
| -73% | -$703M |
|
278
PUT
American Airlines Group
AAL
$9.15B
| $319M | 0.05% |
20,223,400
+2,752,000
| +16% | +$38.1M |
|
279
PUT
DraftKings
DKNG
$13B
| $318M | 0.05% |
6,834,400
+2,268,400
| +50% | +$108M |
|
280
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $318M | 0.05% |
3,952,400
-85,600
| -2% | -$6.6M |
|
281
AT&T
T
$173B
| $317M | 0.05% |
14,575,002
+5,735,530
| +65% | +$124M |
|
282
FedEx
FDX
$76.9B
| $316M | 0.05% |
1,218,778
+1,062,943
| +682% | +$294M |
|
|
PARA
283
PUT
DELISTED
Paramount Global Class B
PARA
| $316M | 0.05% |
8,483,900
+16,200
| +0.2% | +$520K |
|
284
CALL
Beyond Meat
BYND
$254M
| $315M | 0.05% |
84,000
-26,877
| -24% | -$122M |
|
285
CALL
Wayfair
W
$13.9B
| $315M | 0.05% |
1,394,200
-194,800
| -12% | -$51.7M |
|
286
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $314M | 0.05% |
8,470,300
-3,994,600
| -32% | -$129M |
|
287
PUT
Bristol-Myers Squibb
BMY
$137B
| $309M | 0.05% |
4,986,900
+296,200
| +6% | +$18.2M |
|
288
CALL
AutoZone
AZO
$48.3B
| $308M | 0.05% |
259,900
-34,300
| -12% | -$39.7M |
|
289
NIO
NIO
$11.6B
| $307M | 0.05% |
6,308,094
-3,381,298
| -35% | -$131M |
|
|
290
CALL
Bristol-Myers Squibb
BMY
$137B
| $307M | 0.05% |
4,944,200
-384,200
| -7% | -$23.6M |
|
|
WORK
291
PUT
DELISTED
Slack Technologies, Inc.
WORK
| $306M | 0.05% |
7,246,600
-892,900
| -11% | -$30.2M |
|
|
292
CALL
DraftKings
DKNG
$13B
| $305M | 0.05% |
6,544,600
+1,849,500
| +39% | +$88.1M |
|
293
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $303M | 0.05% |
2,197,100
+863,600
| +65% | +$118M |
|
294
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $302M | 0.05% |
2,660,800
-964,600
| -27% | -$105M |
|
295
CALL
Atlassian
TEAM
$43.5B
| $301M | 0.05% |
1,285,800
-151,400
| -11% | -$32M |
|
296
PUT
Freeport-McMoran
FCX
$110B
| $300M | 0.05% |
11,539,900
+1,671,700
| +17% | +$34.7M |
|
297
CALL
Verizon
VZ
$205B
| $300M | 0.05% |
5,110,700
-1,595,400
| -24% | -$94.8M |
|
|
298
Meta Platforms (Facebook)
META
$1.4T
| $299M | 0.05% |
1,096,100
-1,572,617
| -59% | -$431M |
|
299
PUT
Humana
HUM
$45.5B
| $299M | 0.05% |
728,700
+221,700
| +44% | +$92.2M |
|
300
CALL
Biogen
BIIB
$32B
| $298M | 0.05% |
1,215,400
-65,400
| -5% | -$16.9M |
|
Similar funds
Jeff Yass's Q4 2020 Portfolio in Review
As of Q4 2020, Jeff Yass held 12,204 positions worth $612B, up 17% from $522B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Jeff Yass's Q4 2020 filing shows 1,723 new, 4,580 increased, 4,534 reduced and 1,264 closed positions. Its largest new stake was International Flavors & Fragrances: 726,729 shares worth $79.1M. The largest sale was Citigroup, an estimated $703M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 2% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Jeff Yass's largest Q4 2020 buy was International Flavors & Fragrances: 726,729 shares worth $79.1M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q4 2020, an estimated $1.46B increase.
- Jeff Yass's biggest Q4 2020 reduction was Citigroup, cutting an estimated $703M.
- Jeff Yass fully exited Vanguard Total International Bond ETF in Q4 2020, selling an estimated $146M.
- Jeff Yass's ten largest holdings make up 32% of its $612B portfolio in Q4 2020.
- Jeff Yass opened 1,723 new positions and closed 1,264 in Q4 2020.
- Jeff Yass's portfolio value rose 17% quarter-over-quarter to $612B.
Based on Susquehanna International Group's 13F filing for Q4 2020, filed 16 Feb 2021.