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 | |
|---|---|---|---|---|---|---|
76
CALL
Salesforce
CRM
$171B
| $1.19B | 0.18% |
3,563,500
+567,900
| +19% | +$181M |
|
77
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $1.19B | 0.18% |
27,762,400
+6,305,800
| +29% | +$287M |
|
78
PUT
UnitedHealth
UNH
$350B
| $1.18B | 0.18% |
2,329,600
+625,800
| +37% | +$356M |
|
79
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $1.16B | 0.17% |
23,944,300
+10,086,900
| +73% | +$488M |
|
80
PUT
ServiceNow
NOW
$133B
| $1.15B | 0.17% |
5,438,000
+180,000
| +3% | +$36.5M |
|
81
Meta Platforms (Facebook)
META
$1.4T
| $1.14B | 0.17% |
1,954,991
+619,393
| +46% | +$364M |
|
82
CALL
Adobe
ADBE
$109B
| $1.14B | 0.17% |
2,562,100
+564,200
| +28% | +$279M |
|
83
PUT
JPMorgan Chase
JPM
$935B
| $1.13B | 0.17% |
4,707,500
-1,397,900
| -23% | -$326M |
|
84
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $1.12B | 0.17% |
18,596,200
-2,952,000
| -14% | -$178M |
|
85
CALL
PayPal
PYPL
$52.7B
| $1.09B | 0.16% |
12,791,700
+984,900
| +8% | +$82.8M |
|
|
86
CALL
Micron Technology
MU
$1.09T
| $1.09B | 0.16% |
12,972,000
+4,108,400
| +46% | +$418M |
|
87
CALL
ASML
ASML
$677B
| $1.09B | 0.16% |
1,568,600
+745,100
| +90% | +$535M |
|
88
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.08B | 0.16% |
13,719,500
+9,355,400
| +214% | +$743M |
|
89
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.07B | 0.16% |
14,159,300
-1,784,800
| -11% | -$141M |
|
90
PUT
SPDR Gold Trust
GLD
$152B
| $1.04B | 0.16% |
4,296,800
-1,406,300
| -25% | -$346M |
|
91
CALL
Goldman Sachs
GS
$303B
| $1.02B | 0.15% |
1,787,600
-241,000
| -12% | -$134M |
|
92
CALL
ExxonMobil
XOM
$679B
| $1.02B | 0.15% |
9,503,000
+700
| +0% | +$81.9K |
|
|
93
Broadcom
AVGO
$1.75T
| $1.01B | 0.15% |
4,340,508
+3,070,232
| +242% | +$568M |
|
94
PUT
Qualcomm
QCOM
$169B
| $998M | 0.15% |
6,499,600
+306,500
| +5% | +$50.2M |
|
95
CALL
Home Depot
HD
$335B
| $980M | 0.15% |
2,520,500
+508,800
| +25% | +$208M |
|
|
96
PUT
Home Depot
HD
$335B
| $979M | 0.15% |
2,517,600
+456,300
| +22% | +$186M |
|
97
CALL
Palo Alto Networks
PANW
$292B
| $975M | 0.15% |
5,359,300
-692,300
| -11% | -$131M |
|
|
98
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $966M | 0.15% |
22,546,800
+2,665,800
| +13% | +$121M |
|
99
PUT
Super Micro Computer
SMCI
$24.1B
| $962M | 0.15% |
31,552,000
-19,736,000
| -38% | -$717M |
|
100
CALL
IBM
IBM
$222B
| $959M | 0.14% |
4,363,400
+636,900
| +17% | +$142M |
|
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.