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 | |
|---|---|---|---|---|---|---|
51
PUT
Boeing
BA
$169B
| $1.81B | 0.24% |
8,211,100
+1,000
| +0% | +$223K |
|
52
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.79B | 0.24% |
5,283,700
+1,258,900
| +31% | +$440M |
|
53
CALL
Booking.com
BKNG
$158B
| $1.78B | 0.24% |
18,695,000
-2,042,500
| -10% | -$183M |
|
54
PUT
Mastercard
MA
$509B
| $1.73B | 0.23% |
4,972,400
+2,477,900
| +99% | +$901M |
|
55
PUT
JPMorgan Chase
JPM
$935B
| $1.69B | 0.23% |
10,191,400
+737,500
| +8% | +$116M |
|
56
CALL
Citigroup
C
$221B
| $1.68B | 0.23% |
23,929,300
+8,395,100
| +54% | +$587M |
|
57
PUT
Visa
V
$693B
| $1.58B | 0.21% |
7,111,800
+2,085,600
| +41% | +$489M |
|
|
58
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.54B | 0.21% |
4,557,500
+1,357,100
| +42% | +$474M |
|
59
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.53B | 0.21% |
10,628,300
+4,109,800
| +63% | +$610M |
|
60
iShares Russell 2000 ETF
IWM
$81.9B
| $1.53B | 0.2% |
6,981,814
-1,762,252
| -20% | -$391M |
|
61
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $1.52B | 0.2% |
41,805,000
-4,005,000
| -9% | -$146M |
|
|
62
Amazon
AMZN
$2.79T
| $1.52B | 0.2% |
9,226,320
-11,465,060
| -55% | -$1.98B |
|
63
CALL
PayPal
PYPL
$52.7B
| $1.51B | 0.2% |
5,814,400
+1,201,200
| +26% | +$341M |
|
|
64
CALL
Wells Fargo
WFC
$254B
| $1.51B | 0.2% |
32,566,400
+7,025,400
| +28% | +$325M |
|
65
PUT
Adobe
ADBE
$109B
| $1.51B | 0.2% |
2,621,800
+409,000
| +18% | +$257M |
|
66
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.5B | 0.2% |
29,860,100
+2,442,000
| +9% | +$127M |
|
|
67
CALL
Visa
V
$693B
| $1.48B | 0.2% |
6,629,000
+419,600
| +7% | +$98.4M |
|
68
PUT
GE Aerospace
GE
$361B
| $1.46B | 0.2% |
22,763,750
+19,373,292
| +571% | +$1.25B |
|
69
CALL
SPDR Gold Trust
GLD
$152B
| $1.41B | 0.19% |
8,562,600
-114,900
| -1% | -$19.2M |
|
70
PUT
Costco
COST
$420B
| $1.4B | 0.19% |
3,108,400
+784,200
| +34% | +$345M |
|
|
71
CALL
Costco
COST
$420B
| $1.39B | 0.19% |
3,071,400
-117,400
| -4% | -$51.6M |
|
72
CALL
Walmart Inc
WMT
$825B
| $1.38B | 0.19% |
29,788,200
-4,775,400
| -14% | -$230M |
|
73
iShares MSCI EAFE ETF
EFA
$80B
| $1.34B | 0.18% |
17,116,709
-352,384
| -2% | -$28.2M |
|
74
PUT
Qualcomm
QCOM
$169B
| $1.33B | 0.18% |
10,297,800
+443,500
| +5% | +$62.9M |
|
75
CALL
Mercado Libre
MELI
$97.5B
| $1.31B | 0.18% |
781,500
+67,500
| +9% | +$117M |
|
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.