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 | |
|---|---|---|---|---|---|---|
451
PUT
Union Pacific
UNP
$183B
| $182M | 0.03% |
872,800
+139,600
| +19% | +$27.9M |
|
452
PUT
Lyft
LYFT
$6.61B
| $182M | 0.03% |
3,697,900
-847,800
| -19% | -$30.9M |
|
453
CALL
Simon Property Group
SPG
$70.6B
| $182M | 0.03% |
2,130,300
+171,900
| +9% | +$13.1M |
|
454
CALL
Cracker Barrel
CBRL
$1.29B
| $182M | 0.03% |
1,376,200
+542,800
| +65% | +$69.9M |
|
455
CALL
Altria Group
MO
$110B
| $181M | 0.03% |
4,420,400
-1,498,400
| -25% | -$60.2M |
|
456
PUT
Zillow
Z
$8.07B
| $180M | 0.03% |
1,389,500
+67,500
| +5% | +$7.47M |
|
457
PUT
Applied Materials
AMAT
$391B
| $179M | 0.03% |
2,075,200
-642,500
| -24% | -$47.5M |
|
458
CVS Health
CVS
$119B
| $179M | 0.03% |
2,616,917
-752,579
| -22% | -$48.9M |
|
459
CALL
Philip Morris
PM
$293B
| $177M | 0.03% |
2,139,900
+586,500
| +38% | +$45.7M |
|
|
SPLK
460
PUT
DELISTED
Splunk Inc
SPLK
| $177M | 0.03% |
1,026,900
+254,000
| +33% | +$48.6M |
|
461
PUT
Medtronic
MDT
$119B
| $175M | 0.03% |
1,496,100
-189,600
| -11% | -$20.9M |
|
462
PUT
Accenture
ACN
$113B
| $173M | 0.03% |
664,200
+7,600
| +1% | +$1.82M |
|
463
CALL
Paycom
PAYC
$10.3B
| $172M | 0.03% |
381,400
-64,100
| -14% | -$25.5M |
|
464
CALL
Datadog
DDOG
$84.6B
| $172M | 0.03% |
1,751,300
-1,954,700
| -53% | -$195M |
|
465
Trade Desk
TTD
$6.19B
| $172M | 0.03% |
2,150,520
-1,941,490
| -47% | -$147M |
|
466
Berkshire Hathaway Class B
BRK.B
$1.06T
| $172M | 0.03% |
740,230
-327,451
| -31% | -$72.1M |
|
467
CALL
Blackstone
BX
$108B
| $171M | 0.03% |
2,635,800
-775,300
| -23% | -$45.1M |
|
|
SINA
468
DELISTED
Sina Corp
SINA
| $170M | 0.03% |
4,015,084
+649,975
| +19% | +$28M |
|
469
PUT
Bilibili
BILI
$7.14B
| $168M | 0.03% |
1,958,700
+135,000
| +7% | +$7.91M |
|
470
PUT
Norwegian Cruise Line
NCLH
$7.92B
| $166M | 0.03% |
6,537,500
+2,140,400
| +49% | +$44.7M |
|
471
CALL
Novavax
NVAX
$1.47B
| $166M | 0.03% |
1,490,000
+217,500
| +17% | +$23.1M |
|
472
Biogen
BIIB
$32B
| $166M | 0.03% |
677,896
+286,040
| +73% | +$73.8M |
|
473
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $165M | 0.03% |
393,600
+112,300
| +40% | +$43.3M |
|
474
CALL
Intuit
INTU
$100B
| $165M | 0.03% |
434,900
-59,900
| -12% | -$21M |
|
475
Teladoc Health
TDOC
$1.16B
| $164M | 0.03% |
822,634
+290,329
| +55% | +$59M |
|
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.