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 | |
|---|---|---|---|---|---|---|
51
PUT
Boeing
BA
$169B
| $1.62B | 0.27% |
7,589,800
-3,842,700
| -34% | -$739M |
|
52
CALL
Mercado Libre
MELI
$97.5B
| $1.56B | 0.26% |
932,100
+174,300
| +23% | +$246M |
|
53
CALL
PayPal
PYPL
$52.7B
| $1.56B | 0.25% |
6,644,700
+2,461,000
| +59% | +$510M |
|
|
54
Tesla
TSLA
$1.43T
| $1.56B | 0.25% |
6,611,103
+4,649,520
| +237% | +$793M |
|
55
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.51B | 0.25% |
29,290,100
+4,549,500
| +18% | +$219M |
|
56
CALL
NIO
NIO
$11.6B
| $1.5B | 0.25% |
30,803,100
+12,365,000
| +67% | +$478M |
|
57
PUT
Roku
ROKU
$23.4B
| $1.49B | 0.24% |
4,498,800
+1,407,200
| +46% | +$369M |
|
58
PUT
Visa
V
$693B
| $1.46B | 0.24% |
6,684,300
-490,100
| -7% | -$100M |
|
|
59
CALL
Visa
V
$693B
| $1.46B | 0.24% |
6,662,100
-685,200
| -9% | -$140M |
|
60
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $1.45B | 0.24% |
52,220,000
-1,545,000
| -3% | -$40.5M |
|
|
61
PUT
NIO
NIO
$11.6B
| $1.44B | 0.24% |
29,526,600
+5,399,500
| +22% | +$209M |
|
62
PUT
Adobe
ADBE
$109B
| $1.43B | 0.23% |
2,869,100
-1,055,000
| -27% | -$510M |
|
63
CALL
Zoom
ZM
$31.5B
| $1.43B | 0.23% |
4,249,800
-156,800
| -4% | -$69.9M |
|
64
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.39B | 0.23% |
4,530,200
+476,800
| +12% | +$139M |
|
65
CALL
Costco
COST
$420B
| $1.37B | 0.22% |
3,634,100
-861,100
| -19% | -$322M |
|
|
66
CALL
JPMorgan Chase
JPM
$935B
| $1.3B | 0.21% |
10,226,100
-899,300
| -8% | -$101M |
|
67
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.29B | 0.21% |
17,654,100
+1,273,200
| +8% | +$87.1M |
|
|
68
PUT
JPMorgan Chase
JPM
$935B
| $1.28B | 0.21% |
10,088,300
-6,826,400
| -40% | -$763M |
|
|
69
CALL
Roku
ROKU
$23.4B
| $1.24B | 0.2% |
3,731,100
+146,800
| +4% | +$38.5M |
|
70
CALL
CrowdStrike
CRWD
$195B
| $1.23B | 0.2% |
23,178,000
+9,192,000
| +66% | +$358M |
|
|
71
CALL
Bank of America
BAC
$431B
| $1.2B | 0.2% |
39,689,500
+13,889,400
| +54% | +$372M |
|
|
72
PUT
Costco
COST
$420B
| $1.16B | 0.19% |
3,077,400
-867,100
| -22% | -$324M |
|
73
iShares Russell 2000 ETF
IWM
$81.9B
| $1.12B | 0.18% |
5,722,568
+1,243,151
| +28% | +$218M |
|
|
74
CALL
Citigroup
C
$221B
| $1.09B | 0.18% |
17,606,700
+7,897,000
| +81% | +$401M |
|
|
75
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.07B | 0.18% |
3,512,300
-892,800
| -20% | -$260M |
|
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.