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 | |
|---|---|---|---|---|---|---|
176
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $530M | 0.09% |
7,271,100
-1,836,100
| -20% | -$126M |
|
177
CALL
Cisco
CSCO
$438B
| $527M | 0.09% |
11,770,800
+3,278,900
| +39% | +$135M |
|
178
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $519M | 0.08% |
7,982,400
+2,152,800
| +37% | +$131M |
|
179
CALL
Comcast
CMCSA
$95.3B
| $515M | 0.08% |
9,829,300
+2,390,700
| +32% | +$115M |
|
180
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $515M | 0.08% |
27,151,600
-1,229,000
| -4% | -$21.2M |
|
181
CALL
ProShares UltraPro QQQ
TQQQ
$35.7B
| $512M | 0.08% |
22,548,800
-6,070,400
| -21% | -$115M |
|
182
PUT
Snowflake
SNOW
$115B
| $512M | 0.08% |
1,817,900
+1,534,700
| +542% | +$437M |
|
183
CALL
Teladoc Health
TDOC
$1.16B
| $511M | 0.08% |
2,555,800
+632,900
| +33% | +$129M |
|
184
Gilead Sciences
GILD
$181B
| $507M | 0.08% |
8,707,111
+2,577,017
| +42% | +$155M |
|
185
PUT
McDonald's
MCD
$192B
| $498M | 0.08% |
2,322,100
+544,400
| +31% | +$118M |
|
186
CALL
ExxonMobil
XOM
$679B
| $496M | 0.08% |
12,028,300
+3,891,300
| +48% | +$146M |
|
187
PUT
QuantumScape Corp
QS
$3.68B
| $486M | 0.08% |
5,751,400
+5,618,900
| +4,241% | +$206M |
|
188
PUT
Snap
SNAP
$8.86B
| $485M | 0.08% |
9,681,500
+6,320,200
| +188% | +$263M |
|
189
United States Oil Fund
USO
$2.24B
| $483M | 0.08% |
14,631,958
-6,042,801
| -29% | -$179M |
|
190
PUT
Intuitive Surgical
ISRG
$134B
| $482M | 0.08% |
1,766,700
-427,500
| -19% | -$106M |
|
191
Intel
INTC
$476B
| $480M | 0.08% |
9,633,960
+4,582,316
| +91% | +$224M |
|
192
CALL
Nike
NKE
$60.5B
| $472M | 0.08% |
3,337,000
-802,300
| -19% | -$106M |
|
|
ATVI
193
CALL
DELISTED
Activision Blizzard
ATVI
| $469M | 0.08% |
5,047,300
+1,376,000
| +37% | +$112M |
|
194
CALL
TSMC
TSM
$2.17T
| $464M | 0.08% |
4,256,500
+1,417,800
| +50% | +$134M |
|
195
PUT
Uber
UBER
$161B
| $464M | 0.08% |
9,089,300
-1,328,200
| -13% | -$59.5M |
|
|
196
CALL
Snowflake
SNOW
$115B
| $463M | 0.08% |
1,645,100
+1,089,200
| +196% | +$310M |
|
197
Booking.com
BKNG
$158B
| $457M | 0.07% |
5,135,075
+3,717,100
| +262% | +$287M |
|
198
PUT
Starbucks
SBUX
$122B
| $456M | 0.07% |
4,266,200
-1,566,000
| -27% | -$150M |
|
199
CALL
Target
TGT
$75.1B
| $456M | 0.07% |
2,585,000
-34,200
| -1% | -$5.7M |
|
200
PUT
Biogen
BIIB
$32B
| $453M | 0.07% |
1,849,800
+386,300
| +26% | +$99.7M |
|
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.