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 | |
|---|---|---|---|---|---|---|
101
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $951M | 0.14% |
15,772,800
-2,266,100
| -13% | -$137M |
|
102
CALL
ServiceNow
NOW
$133B
| $942M | 0.14% |
4,443,000
-1,465,000
| -25% | -$297M |
|
103
PUT
ProShares UltraPro QQQ
TQQQ
$35.7B
| $938M | 0.14% |
23,719,200
+9,535,000
| +67% | +$376M |
|
104
CALL
DoorDash
DASH
$96.8B
| $926M | 0.14% |
5,517,900
+2,335,800
| +73% | +$384M |
|
105
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $925M | 0.14% |
15,335,500
+1,079,800
| +8% | +$67M |
|
106
CALL
iShares Bitcoin Trust
IBIT
$57.7B
| $900M | 0.14% |
+16,956,800
| New | +$801M |
|
107
CALL
AbbVie
ABBV
$468B
| $895M | 0.14% |
5,034,400
+1,040,400
| +26% | +$191M |
|
108
PUT
Citigroup
C
$221B
| $894M | 0.14% |
12,705,700
-4,206,800
| -25% | -$284M |
|
109
CALL
McDonald's
MCD
$192B
| $885M | 0.13% |
3,052,000
+515,200
| +20% | +$154M |
|
110
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $873M | 0.13% |
20,882,100
-12,225,900
| -37% | -$542M |
|
111
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $871M | 0.13% |
7,761,600
-915,600
| -11% | -$97.9M |
|
112
Amazon
AMZN
$2.79T
| $869M | 0.13% |
3,960,646
+187,953
| +5% | +$38.5M |
|
|
113
PUT
Micron Technology
MU
$1.09T
| $858M | 0.13% |
10,196,300
-4,095,100
| -29% | -$417M |
|
114
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $854M | 0.13% |
3,526,200
-2,885,900
| -45% | -$716M |
|
115
CALL
Visa
V
$693B
| $851M | 0.13% |
2,692,300
+268,900
| +11% | +$80.9M |
|
116
CALL
Oracle
ORCL
$422B
| $844M | 0.13% |
5,067,100
+25,600
| +0.5% | +$4.55M |
|
117
PUT
Nike
NKE
$60.5B
| $834M | 0.13% |
11,027,000
+2,002,100
| +22% | +$157M |
|
|
118
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $822M | 0.12% |
3,395,200
-173,900
| -5% | -$43.1M |
|
119
CALL
Pfizer
PFE
$160B
| $821M | 0.12% |
30,936,300
+13,210,900
| +75% | +$358M |
|
120
CALL
Qualcomm
QCOM
$169B
| $811M | 0.12% |
5,278,500
+273,800
| +5% | +$44.8M |
|
121
CALL
Snowflake
SNOW
$115B
| $809M | 0.12% |
5,237,200
+684,700
| +15% | +$96.4M |
|
122
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $803M | 0.12% |
23,678,300
+2,454,600
| +12% | +$94.2M |
|
123
PUT
Blackstone
BX
$108B
| $776M | 0.12% |
4,498,200
+114,000
| +3% | +$19.9M |
|
|
124
PUT
Pfizer
PFE
$160B
| $769M | 0.12% |
28,978,900
+802,400
| +3% | +$21.8M |
|
125
PUT
Mercado Libre
MELI
$97.5B
| $760M | 0.11% |
446,800
+112,900
| +34% | +$220M |
|
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.