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 |
Boeing
BA
|
+$1.33B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$781M |
| 3 |
Tesla
TSLA
|
+$468M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$467M |
| 5 |
Home Depot
HD
|
+$344M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.36B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$860M |
| 3 |
Bank of America
BAC
|
+$413M |
| 4 |
Advanced Micro Devices
AMD
|
+$283M |
| 5 |
Salesforce
CRM
|
+$262M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.2% |
| 2 | Consumer Discretionary | 1.94% |
| 3 | Communication Services | 1.89% |
| 4 | Healthcare | 1.12% |
| 5 | Financials | 1.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
Citigroup
C
$221B
| $977M | 0.28% |
12,231,700
+840,500
| +7% | +$62.1M |
|
52
CALL
JPMorgan Chase
JPM
$935B
| $966M | 0.28% |
6,929,500
+2,065,000
| +42% | +$265M |
|
53
PUT
Shopify
SHOP
$192B
| $958M | 0.28% |
24,104,000
+614,000
| +3% | +$20.8M |
|
|
54
PUT
Bank of America
BAC
$431B
| $930M | 0.27% |
26,417,600
-686,900
| -3% | -$22.2M |
|
55
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $907M | 0.26% |
6,693,300
-2,825,300
| -30% | -$393M |
|
|
56
PUT
Salesforce
CRM
$171B
| $899M | 0.26% |
5,530,400
-670,400
| -11% | -$105M |
|
57
Netflix
NFLX
$331B
| $888M | 0.26% |
27,457,890
+4,414,300
| +19% | +$131M |
|
58
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $882M | 0.25% |
52,695,000
-5,825,000
| -10% | -$93.5M |
|
59
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $878M | 0.25% |
19,556,500
+5,281,600
| +37% | +$227M |
|
|
60
PUT
Home Depot
HD
$335B
| $868M | 0.25% |
3,973,100
+1,630,000
| +70% | +$369M |
|
61
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $861M | 0.25% |
19,729,700
-832,000
| -4% | -$34.7M |
|
62
CALL
SPDR Gold Trust
GLD
$152B
| $858M | 0.25% |
6,003,100
-1,027,100
| -15% | -$144M |
|
63
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $834M | 0.24% |
2,927,000
+133,800
| +5% | +$36.9M |
|
64
PUT
Micron Technology
MU
$1.09T
| $833M | 0.24% |
15,483,900
+2,882,900
| +23% | +$138M |
|
65
PUT
Visa
V
$693B
| $825M | 0.24% |
4,390,100
-548,300
| -11% | -$98.8M |
|
|
66
PUT
JPMorgan Chase
JPM
$935B
| $796M | 0.23% |
5,707,700
+650,500
| +13% | +$83.4M |
|
|
67
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $771M | 0.22% |
17,191,900
-4,281,500
| -20% | -$184M |
|
68
PUT
Roku
ROKU
$23.4B
| $749M | 0.22% |
5,594,000
+207,200
| +4% | +$28.5M |
|
69
PUT
Adobe
ADBE
$109B
| $727M | 0.21% |
2,205,500
-592,100
| -21% | -$174M |
|
70
CALL
UnitedHealth
UNH
$350B
| $714M | 0.21% |
2,428,000
+498,300
| +26% | +$130M |
|
71
Berkshire Hathaway Class B
BRK.B
$1.06T
| $709M | 0.2% |
3,130,810
+6,659
| +0.2% | +$1.45M |
|
|
72
CALL
Salesforce
CRM
$171B
| $684M | 0.2% |
4,205,400
+47,700
| +1% | +$7.48M |
|
73
PUT
Target
TGT
$75.1B
| $678M | 0.2% |
5,284,700
+1,592,200
| +43% | +$187M |
|
|
74
CALL
Shopify
SHOP
$192B
| $670M | 0.19% |
16,852,000
+1,988,000
| +13% | +$67.2M |
|
|
75
Tesla
TSLA
$1.43T
| $668M | 0.19% |
23,961,525
+21,579,450
| +906% | +$468M |
|
Similar funds
Jeff Yass's Q4 2019 Portfolio in Review
As of Q4 2019, Jeff Yass held 11,328 positions worth $347B, up 16% from $298B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass deployed $12.7B of net new capital in Q4 2019, opening 1,232 new positions and adding to 3,827 existing holdings. Its largest new stake was Invesco Zacks Mid-Cap ETF: 1,353,476 shares worth $104M.
By sector, the portfolio is most concentrated in Technology at 2.2% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Amazon, an estimated $1.36B trimmed.
- Jeff Yass's largest Q4 2019 buy was Invesco Zacks Mid-Cap ETF: 1,353,476 shares worth $104M.
- Jeff Yass added most to Boeing in Q4 2019, an estimated $1.33B increase.
- Jeff Yass's biggest Q4 2019 reduction was Amazon, cutting an estimated $1.36B.
- Jeff Yass fully exited Celgene Corp in Q4 2019, selling an estimated $164M.
- Jeff Yass's ten largest holdings make up 26% of its $347B portfolio in Q4 2019.
- Jeff Yass opened 1,232 new positions and closed 1,709 in Q4 2019.
- Jeff Yass's portfolio value rose 16% quarter-over-quarter to $347B.
Based on Susquehanna International Group's 13F filing for Q4 2019, filed 14 Feb 2020.