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 |
Boeing
BA
|
+$1.33B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$781M |
| 3 |
Tesla
TSLA
|
+$468M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$467M |
| 5 |
Home Depot
HD
|
+$344M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.36B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$860M |
| 3 |
Bank of America
BAC
|
+$413M |
| 4 |
Advanced Micro Devices
AMD
|
+$283M |
| 5 |
Salesforce
CRM
|
+$262M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.2% |
| 2 | Consumer Discretionary | 1.94% |
| 3 | Communication Services | 1.89% |
| 4 | Healthcare | 1.12% |
| 5 | Financials | 1.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $16.9B | 4.87% |
52,521,700
+3,145,600
| +6% | +$969M |
|
|
2
CALL
Amazon
AMZN
$2.79T
| $12.9B | 3.72% |
139,726,000
+40,592,000
| +41% | +$3.59B |
|
|
3
PUT
Amazon
AMZN
$2.79T
| $12.5B | 3.59% |
134,896,000
+8,384,000
| +7% | +$742M |
|
|
4
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $10.5B | 3.03% |
32,709,200
-5,921,800
| -15% | -$1.82B |
|
5
PUT
Apple
AAPL
$4.51T
| $8.89B | 2.56% |
121,086,800
+50,512,000
| +72% | +$3.25B |
|
|
6
PUT
Tesla
TSLA
$1.43T
| $8.13B | 2.34% |
291,492,000
+55,483,500
| +24% | +$1.2B |
|
|
7
CALL
Apple
AAPL
$4.51T
| $7.53B | 2.17% |
102,537,600
+5,315,200
| +5% | +$342M |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $4.24B | 1.22% |
19,952,800
+2,415,500
| +14% | +$484M |
|
|
9
CALL
Tesla
TSLA
$1.43T
| $4.12B | 1.19% |
147,894,000
+17,685,000
| +14% | +$384M |
|
|
10
PUT
Invesco QQQ Trust
QQQ
$486B
| $3.96B | 1.14% |
18,648,200
-6,705,200
| -26% | -$1.34B |
|
11
PUT
Booking.com
BKNG
$158B
| $3.29B | 0.95% |
40,085,000
+1,507,500
| +4% | +$118M |
|
|
12
PUT
Boeing
BA
$169B
| $3.28B | 0.94% |
10,043,100
+4,742,500
| +89% | +$1.68B |
|
|
13
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $3.13B | 0.9% |
46,764,000
+3,756,000
| +9% | +$242M |
|
|
14
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.98B | 0.86% |
9,247,382
-2,791,394
| -23% | -$860M |
|
15
CALL
Meta Platforms (Facebook)
META
$1.4T
| $2.5B | 0.72% |
12,203,600
-3,265,000
| -21% | -$632M |
|
16
PUT
Netflix
NFLX
$331B
| $2.46B | 0.71% |
76,025,000
-17,399,000
| -19% | -$516M |
|
17
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $2.46B | 0.71% |
14,840,700
-4,260,500
| -22% | -$673M |
|
18
PUT
Alibaba
BABA
$286B
| $2.41B | 0.69% |
11,326,600
-1,043,400
| -8% | -$196M |
|
|
19
CALL
Netflix
NFLX
$331B
| $2.35B | 0.68% |
72,721,000
+249,000
| +0.3% | +$7.38M |
|
|
20
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.18B | 0.63% |
32,562,000
-396,000
| -1% | -$25.5M |
|
21
PUT
Microsoft
MSFT
$3.59T
| $2.14B | 0.62% |
13,556,200
-369,400
| -3% | -$54.3M |
|
|
22
CALL
Microsoft
MSFT
$3.59T
| $2.13B | 0.61% |
13,484,500
+593,400
| +5% | +$87.2M |
|
|
23
CALL
Alibaba
BABA
$286B
| $2.06B | 0.59% |
9,663,500
+757,100
| +9% | +$142M |
|
24
PUT
NVIDIA
NVDA
$5.2T
| $2.04B | 0.59% |
346,988,000
-30,576,000
| -8% | -$159M |
|
25
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $1.95B | 0.56% |
116,495,000
-3,690,000
| -3% | -$59.2M |
|
Similar funds
Jeff Yass's Q4 2019 Portfolio in Review
As of Q4 2019, Jeff Yass held 11,328 positions worth $347B, up 16% from $298B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass deployed $12.7B of net new capital in Q4 2019, opening 1,232 new positions and adding to 3,827 existing holdings. Its largest new stake was Invesco Zacks Mid-Cap ETF: 1,353,476 shares worth $104M.
By sector, the portfolio is most concentrated in Technology at 2.2% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Amazon, an estimated $1.36B trimmed.
- Jeff Yass's largest Q4 2019 buy was Invesco Zacks Mid-Cap ETF: 1,353,476 shares worth $104M.
- Jeff Yass added most to Boeing in Q4 2019, an estimated $1.33B increase.
- Jeff Yass's biggest Q4 2019 reduction was Amazon, cutting an estimated $1.36B.
- Jeff Yass fully exited Celgene Corp in Q4 2019, selling an estimated $164M.
- Jeff Yass's ten largest holdings make up 26% of its $347B portfolio in Q4 2019.
- Jeff Yass opened 1,232 new positions and closed 1,709 in Q4 2019.
- Jeff Yass's portfolio value rose 16% quarter-over-quarter to $347B.
Based on Susquehanna International Group's 13F filing for Q4 2019, filed 14 Feb 2020.