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 | |
|---|---|---|---|---|---|---|
101
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $816M | 0.13% |
5,170,600
-19,500
| -0.4% | -$3.1M |
|
102
CALL
Pinduoduo
PDD
$126B
| $803M | 0.13% |
4,517,600
+1,718,400
| +61% | +$205M |
|
103
PUT
ServiceNow
NOW
$133B
| $798M | 0.13% |
7,249,000
-279,500
| -4% | -$29.1M |
|
104
Wells Fargo
WFC
$254B
| $793M | 0.13% |
26,281,732
+7,562
| +0% | +$196K |
|
105
CALL
Trade Desk
TTD
$6.19B
| $790M | 0.13% |
9,868,000
-2,761,000
| -22% | -$208M |
|
106
VanEck Gold Miners ETF
GDX
$31.8B
| $785M | 0.13% |
21,788,824
+6,020,898
| +38% | +$225M |
|
|
107
PUT
Trade Desk
TTD
$6.19B
| $780M | 0.13% |
9,741,000
+780,000
| +9% | +$58.9M |
|
108
CALL
FedEx
FDX
$76.9B
| $779M | 0.13% |
3,001,600
-434,900
| -13% | -$120M |
|
|
109
PUT
FedEx
FDX
$76.9B
| $778M | 0.13% |
2,995,600
+677,300
| +29% | +$188M |
|
|
DOCU
110
PUT
DocuSign
DOCU
$11.8B
| $775M | 0.13% |
3,485,800
+505,000
| +17% | +$113M |
|
111
PUT
Pfizer
PFE
$160B
| $773M | 0.13% |
21,011,100
+6,594,383
| +46% | +$242M |
|
112
iShares MSCI EAFE ETF
EFA
$80B
| $763M | 0.12% |
10,460,123
+3,446,789
| +49% | +$236M |
|
113
CALL
Qualcomm
QCOM
$169B
| $734M | 0.12% |
4,815,000
+727,400
| +18% | +$101M |
|
114
CALL
United Parcel Service
UPS
$86.8B
| $732M | 0.12% |
4,347,600
+410,500
| +10% | +$69.3M |
|
115
PUT
Broadcom
AVGO
$1.75T
| $727M | 0.12% |
16,604,000
+341,000
| +2% | +$13.3M |
|
116
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $722M | 0.12% |
38,083,400
+24,555,200
| +182% | +$423M |
|
117
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $716M | 0.12% |
4,967,200
+59,700
| +1% | +$7.65M |
|
118
Shopify
SHOP
$192B
| $714M | 0.12% |
6,307,180
+2,790,300
| +79% | +$293M |
|
|
DOCU
119
CALL
DocuSign
DOCU
$11.8B
| $705M | 0.12% |
3,170,800
+115,500
| +4% | +$25.9M |
|
120
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $699M | 0.11% |
3,013,000
-573,500
| -16% | -$126M |
|
|
121
PUT
Pinduoduo
PDD
$126B
| $698M | 0.11% |
3,928,200
-425,700
| -10% | -$50.9M |
|
122
CALL
Moderna
MRNA
$57.9B
| $696M | 0.11% |
6,661,100
+3,336,100
| +100% | +$338M |
|
123
CALL
Intel
INTC
$476B
| $695M | 0.11% |
13,950,800
-5,258,100
| -27% | -$257M |
|
124
PUT
JD.com
JD
$39.7B
| $690M | 0.11% |
7,708,500
-226,400
| -3% | -$18.9M |
|
125
CALL
iShares Silver Trust
SLV
$33.8B
| $686M | 0.11% |
27,925,000
+1,281,500
| +5% | +$29.1M |
|
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.