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 | Miscellaneous | 92.11% |
| 2 | Technology | 2.38% |
| 3 | Consumer Discretionary | 1.48% |
| 4 | Healthcare | 0.92% |
| 5 | Communication Services | 0.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
PUT
Trex
TREX
$4.7B
| $15.1M | ﹤0.01% |
180,300
+117,500
| +187% | +$8.99M |
|
|
FISV
2002
Fiserv Inc
FISV
$27.9B
| $15.1M | ﹤0.01% |
132,547
-4,887
| -4% | -$527K |
|
2003
PUT
BlackBerry
BB
$5.07B
| $15.1M | ﹤0.01% |
2,272,000
+906,800
| +66% | +$5.36M |
|
2004
CALL
Harley-Davidson
HOG
$2.9B
| $15.1M | ﹤0.01% |
410,100
+75,900
| +23% | +$2.6M |
|
2005
PUT
Mettler-Toledo International
MTD
$28.2B
| $15M | ﹤0.01% |
13,200
-2,400
| -15% | -$2.63M |
|
2006
CALL
Antero Resources
AR
$11.9B
| $15M | ﹤0.01% |
2,759,900
+1,712,000
| +163% | +$7.02M |
|
2007
CALL
Pultegroup
PHM
$24.2B
| $15M | ﹤0.01% |
348,500
-134,800
| -28% | -$5.97M |
|
2008
PUT
Alaska Air
ALK
$4.71B
| $15M | ﹤0.01% |
288,400
-543,700
| -65% | -$24.5M |
|
2009
CALL
Gen Digital
GEN
$18.2B
| $15M | ﹤0.01% |
721,000
-108,200
| -13% | -$2.18M |
|
2010
CALL
Hartford Financial Services
HIG
$37.3B
| $15M | ﹤0.01% |
305,700
+15,900
| +5% | +$686K |
|
|
RMO
2011
CALL
DELISTED
Romeo Power, Inc.
RMO
| $15M | ﹤0.01% |
+665,800
| New | +$9.71M |
|
2012
CALL
AerCap
AER
$23.2B
| $15M | ﹤0.01% |
328,500
+68,400
| +26% | +$2.39M |
|
2013
HP
HPQ
$27.2B
| $15M | ﹤0.01% |
608,785
-23,337
| -4% | -$490K |
|
2014
Peabody Energy
BTU
$3.58B
| $14.9M | ﹤0.01% |
6,196,572
+50,710
| +0.8% | +$82.3K |
|
|
AVB
2015
CALL
DELISTED
AvalonBay Communities
AVB
| $14.9M | ﹤0.01% |
92,900
+50,000
| +117% | +$7.95M |
|
2016
CALL
Yelp
YELP
$1.22B
| $14.9M | ﹤0.01% |
456,200
+114,500
| +34% | +$3.01M |
|
|
APHA
2017
DELISTED
Aphria Inc. Common Shares
APHA
| $14.9M | ﹤0.01% |
2,149,235
-146,011
| -6% | -$911K |
|
|
VRNT
2018
CALL
DELISTED
Verint Systems
VRNT
| $14.9M | ﹤0.01% |
434,412
-354,910
| -45% | -$10.1M |
|
|
NUAN
2019
CALL
DELISTED
Nuance Communications, Inc.
NUAN
| $14.9M | ﹤0.01% |
337,200
+38,100
| +13% | +$1.44M |
|
2020
CALL
B&G Foods
BGS
$283M
| $14.9M | ﹤0.01% |
536,100
-60,700
| -10% | -$1.71M |
|
2021
PUT
Incyte
INCY
$25.9B
| $14.8M | ﹤0.01% |
170,400
+54,600
| +47% | +$4.72M |
|
2022
Truist Financial
TFC
$61.4B
| $14.8M | ﹤0.01% |
309,182
+140,661
| +83% | +$6.37M |
|
2023
PUT
Unilever
UL
$139B
| $14.8M | ﹤0.01% |
217,867
+35,023
| +19% | +$2.38M |
|
2024
CALL
SAP
SAP
$255B
| $14.8M | ﹤0.01% |
113,400
+26,200
| +30% | +$3.38M |
|
|
CMA
2025
CALL
DELISTED
Comerica
CMA
| $14.8M | ﹤0.01% |
264,600
-309,900
| -54% | -$15.1M |
|
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 1,722 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 Miscellaneous at 92% of assets, down from 93% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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 1,722 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.