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 |
Invesco QQQ Trust
QQQ
|
+$1.41B |
| 2 |
Apple
AAPL
|
+$949M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$788M |
| 4 |
Microsoft
MSFT
|
+$654M |
| 5 |
Broadcom
AVGO
|
+$568M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$1.26B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$702M |
| 3 |
Tesla
TSLA
|
+$694M |
| 4 |
Micron Technology
MU
|
+$601M |
| 5 |
Strategy Inc
MSTR
|
+$512M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.97% |
| 2 | Financials | 0.89% |
| 3 | Consumer Discretionary | 0.83% |
| 4 | Healthcare | 0.75% |
| 5 | Communication Services | 0.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
NVIDIA
NVDA
$5.2T
| $1.84B | 0.28% |
13,719,003
-152,702
| -1% | -$21M |
|
52
CALL
Eli Lilly
LLY
$1.12T
| $1.83B | 0.28% |
2,366,200
+203,000
| +9% | +$168M |
|
53
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $1.82B | 0.27% |
37,660,800
+343,400
| +0.9% | +$16.6M |
|
54
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.8B | 0.27% |
9,453,400
+831,500
| +10% | +$147M |
|
55
CALL
Alibaba
BABA
$286B
| $1.76B | 0.27% |
20,758,600
+479,500
| +2% | +$45.3M |
|
|
56
iShares Russell 2000 ETF
IWM
$81.9B
| $1.67B | 0.25% |
7,572,862
+3,456,306
| +84% | +$788M |
|
57
PUT
CrowdStrike
CRWD
$195B
| $1.62B | 0.24% |
18,958,800
-4,795,200
| -20% | -$399M |
|
|
58
Apple
AAPL
$4.51T
| $1.62B | 0.24% |
6,464,306
+4,025,107
| +165% | +$949M |
|
59
PUT
Adobe
ADBE
$109B
| $1.57B | 0.24% |
3,520,100
+304,400
| +9% | +$151M |
|
|
60
Microsoft
MSFT
$3.59T
| $1.55B | 0.23% |
3,666,645
+1,535,695
| +72% | +$654M |
|
61
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.54B | 0.23% |
3,392,000
+609,900
| +22% | +$282M |
|
62
CALL
JPMorgan Chase
JPM
$935B
| $1.53B | 0.23% |
6,381,700
-388,400
| -6% | -$90.5M |
|
63
PUT
Goldman Sachs
GS
$303B
| $1.52B | 0.23% |
2,653,700
+274,700
| +12% | +$153M |
|
64
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.45B | 0.22% |
3,400,700
+439,300
| +15% | +$190M |
|
65
CALL
UnitedHealth
UNH
$350B
| $1.43B | 0.22% |
2,834,600
+1,034,400
| +57% | +$588M |
|
|
66
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.41B | 0.21% |
3,318,500
-375,000
| -10% | -$162M |
|
67
CALL
Applovin
APP
$102B
| $1.39B | 0.21% |
4,294,200
+1,590,300
| +59% | +$402M |
|
|
68
CALL
CrowdStrike
CRWD
$195B
| $1.36B | 0.21% |
15,903,200
-2,146,800
| -12% | -$178M |
|
69
CALL
Walmart Inc
WMT
$825B
| $1.32B | 0.2% |
14,595,100
+1,140,900
| +8% | +$99M |
|
70
PUT
Palo Alto Networks
PANW
$292B
| $1.31B | 0.2% |
7,210,500
-398,100
| -5% | -$75.2M |
|
71
PUT
ASML
ASML
$677B
| $1.3B | 0.2% |
1,869,300
+580,100
| +45% | +$417M |
|
72
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.27B | 0.19% |
30,406,400
-8,449,300
| -22% | -$374M |
|
73
PUT
Salesforce
CRM
$171B
| $1.27B | 0.19% |
3,796,900
+160,200
| +4% | +$51.1M |
|
74
CALL
Citigroup
C
$221B
| $1.26B | 0.19% |
17,925,000
-374,200
| -2% | -$25.2M |
|
75
CALL
Pinduoduo
PDD
$126B
| $1.25B | 0.19% |
12,843,400
-6,480,800
| -34% | -$754M |
|
Similar funds
Jeff Yass's Q4 2024 Portfolio in Review
As of Q4 2024, Jeff Yass held 13,659 positions worth $663B, up 16% from $572B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Jeff Yass deployed $61.2B of net new capital in Q4 2024, opening 1,863 new positions and adding to 5,386 existing holdings. Its largest new stake was State Street SPDR S&P 400 Mid Cap Value ETF: 1,000,000 shares worth $80.2M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, up from 1.8% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was iShares 20+ Year Treasury Bond ETF, an estimated $1.26B trimmed.
- Jeff Yass's largest Q4 2024 buy was State Street SPDR S&P 400 Mid Cap Value ETF: 1,000,000 shares worth $80.2M.
- Jeff Yass added most to Invesco QQQ Trust in Q4 2024, an estimated $1.41B increase.
- Jeff Yass's biggest Q4 2024 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $1.26B.
- Jeff Yass fully exited NextEra Energy 7.299% Corporate Units in Q4 2024, selling an estimated $112M.
- Jeff Yass's ten largest holdings make up 28% of its $663B portfolio in Q4 2024.
- Jeff Yass opened 1,863 new positions and closed 1,590 in Q4 2024.
- Jeff Yass's portfolio value rose 16% quarter-over-quarter to $663B.
Based on Susquehanna International Group's 13F filing for Q4 2024, filed 14 Feb 2025.