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 |
Zoom
ZM
|
+$834M |
| 2 |
FedEx
FDX
|
+$666M |
| 3 |
Microsoft
MSFT
|
+$594M |
| 4 |
Advanced Micro Devices
AMD
|
+$585M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$403M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$2.17B |
| 2 |
Amazon
AMZN
|
+$1.98B |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.79B |
| 4 |
NVIDIA
NVDA
|
+$1.18B |
| 5 |
Wells Fargo
WFC
|
+$827M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.89% |
| 2 | Consumer Discretionary | 1.29% |
| 3 | Communication Services | 0.93% |
| 4 | Healthcare | 0.89% |
| 5 | Financials | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
CALL
American Airlines Group
AAL
$9.15B
| $362M | 0.05% |
17,654,500
+4,046,700
| +30% | +$82M |
|
327
PUT
United Airlines
UAL
$36.7B
| $362M | 0.05% |
7,613,400
+1,284,000
| +20% | +$60.5M |
|
328
CALL
KraneShares CSI China Internet ETF
KWEB
$5.28B
| $361M | 0.05% |
7,639,300
+5,255,500
| +220% | +$276M |
|
329
Hilton Worldwide
HLT
$73.5B
| $361M | 0.05% |
2,731,114
+1,498,838
| +122% | +$189M |
|
330
PUT
Align Technology
ALGN
$11.5B
| $361M | 0.05% |
542,000
+153,300
| +39% | +$104M |
|
331
CALL
Beyond Meat
BYND
$254M
| $356M | 0.05% |
112,847
+4,774
| +4% | +$17.5M |
|
332
PUT
American Express
AXP
$227B
| $356M | 0.05% |
2,126,100
+439,800
| +26% | +$73.5M |
|
|
333
Wells Fargo
WFC
$254B
| $356M | 0.05% |
7,661,737
-17,864,920
| -70% | -$827M |
|
334
CALL
Expedia Group
EXPE
$38.6B
| $354M | 0.05% |
2,161,200
+661,900
| +44% | +$102M |
|
|
ATVI
335
PUT
DELISTED
Activision Blizzard
ATVI
| $352M | 0.05% |
4,544,600
+2,201,500
| +94% | +$184M |
|
336
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $349M | 0.05% |
3,571,600
+1,664,000
| +87% | +$171M |
|
337
CALL
Royal Caribbean
RCL
$78.1B
| $347M | 0.05% |
3,897,900
+1,780,100
| +84% | +$144M |
|
338
PUT
PepsiCo
PEP
$196B
| $345M | 0.05% |
2,293,200
+985,400
| +75% | +$153M |
|
339
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.3B
| $344M | 0.05% |
4,308,500
+1,391,500
| +48% | +$114M |
|
340
CALL
Generac Holdings
GNRC
$12.2B
| $343M | 0.05% |
839,300
+258,100
| +44% | +$111M |
|
341
CALL
T-Mobile US
TMUS
$196B
| $342M | 0.05% |
2,680,800
-342,100
| -11% | -$47.6M |
|
342
PUT
Pinterest
PINS
$13.3B
| $337M | 0.05% |
6,607,600
+714,300
| +12% | +$43.9M |
|
343
CALL
Las Vegas Sands
LVS
$30.5B
| $336M | 0.05% |
9,191,600
+860,900
| +10% | +$36.9M |
|
344
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $336M | 0.05% |
754,481
+235,968
| +46% | +$106M |
|
345
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $336M | 0.05% |
4,494,600
+963,200
| +27% | +$74.3M |
|
346
Merck
MRK
$376B
| $334M | 0.04% |
4,452,702
+610,949
| +16% | +$46.5M |
|
347
CALL
Analog Devices
ADI
$182B
| $333M | 0.04% |
1,991,000
+952,700
| +92% | +$160M |
|
348
PUT
Pinduoduo
PDD
$126B
| $333M | 0.04% |
3,668,600
-398,000
| -10% | -$38.7M |
|
349
CALL
Amgen
AMGN
$238B
| $333M | 0.04% |
1,564,000
-492,900
| -24% | -$113M |
|
350
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $331M | 0.04% |
4,890,700
+2,389,400
| +96% | +$154M |
|
Similar funds
Jeff Yass's Q3 2021 Portfolio in Review
As of Q3 2021, Jeff Yass held 14,193 positions worth $745B, up 4.8% from $712B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Jeff Yass deployed $45.4B of net new capital in Q3 2021, opening 1,741 new positions and adding to 5,205 existing holdings. Its largest new stake was InMode: 613,660 shares worth $48.9M.
By sector, the portfolio is most concentrated in Technology at 1.9% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $2.17B trimmed.
- Jeff Yass's largest Q3 2021 buy was InMode: 613,660 shares worth $48.9M.
- Jeff Yass added most to Zoom in Q3 2021, an estimated $834M increase.
- Jeff Yass's biggest Q3 2021 reduction was Walt Disney, cutting an estimated $2.17B.
- Jeff Yass fully exited PRA Health Sciences, Inc. in Q3 2021, selling an estimated $103M.
- Jeff Yass's ten largest holdings make up 32% of its $745B portfolio in Q3 2021.
- Jeff Yass opened 1,741 new positions and closed 1,560 in Q3 2021.
- Jeff Yass's portfolio value rose 4.8% quarter-over-quarter to $745B.
Based on Susquehanna International Group's 13F filing for Q3 2021, filed 15 Nov 2021.