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 | |
|---|---|---|---|---|---|---|
|
1
PUT
Tesla
TSLA
$1.43T
| $40.5B | 6.62% |
172,247,700
-21,518,700
| -11% | -$3.67B |
|
|
2
CALL
Tesla
TSLA
$1.43T
| $33.3B | 5.44% |
141,536,400
-21,369,000
| -13% | -$3.65B |
|
|
3
CALL
Amazon
AMZN
$2.79T
| $29.9B | 4.89% |
182,086,000
-502,000
| -0.3% | -$80.1M |
|
|
4
PUT
Amazon
AMZN
$2.79T
| $20.6B | 3.37% |
125,434,000
-4,934,000
| -4% | -$787M |
|
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $17.6B | 2.88% |
47,157,900
-18,150,500
| -28% | -$6.44B |
|
|
6
PUT
Invesco QQQ Trust
QQQ
$486B
| $12.1B | 1.97% |
38,499,300
+3,948,800
| +11% | +$1.16B |
|
|
7
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $11.4B | 1.87% |
30,601,700
-15,536,200
| -34% | -$5.51B |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $11B | 1.8% |
35,061,300
-381,000
| -1% | -$112M |
|
|
9
CALL
Apple
AAPL
$4.51T
| $10.7B | 1.75% |
80,270,600
-13,511,900
| -14% | -$1.63B |
|
|
10
PUT
Apple
AAPL
$4.51T
| $9.26B | 1.51% |
69,215,100
-8,164,400
| -11% | -$982M |
|
|
11
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $6.89B | 1.12% |
18,421,231
+4,112,875
| +29% | +$1.46B |
|
12
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $6.48B | 1.06% |
33,052,600
+799,200
| +2% | +$140M |
|
13
CALL
Alibaba
BABA
$286B
| $5.92B | 0.97% |
24,849,600
+7,906,200
| +47% | +$2.2B |
|
14
CALL
Microsoft
MSFT
$3.59T
| $5.69B | 0.93% |
25,564,000
-305,400
| -1% | -$65.7M |
|
|
15
Apple
AAPL
$4.51T
| $4.8B | 0.78% |
36,201,033
+7,741,834
| +27% | +$931M |
|
|
16
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $4.78B | 0.78% |
54,590,000
+1,252,000
| +2% | +$105M |
|
|
17
CALL
Meta Platforms (Facebook)
META
$1.4T
| $4.54B | 0.74% |
16,605,000
-3,135,900
| -16% | -$860M |
|
|
18
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $4.2B | 0.69% |
47,890,000
-9,392,000
| -16% | -$790M |
|
|
19
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $4.03B | 0.66% |
20,579,400
+3,250,200
| +19% | +$569M |
|
20
CALL
NVIDIA
NVDA
$5.2T
| $3.98B | 0.65% |
303,132,000
-66,140,000
| -18% | -$885M |
|
|
21
PUT
Microsoft
MSFT
$3.59T
| $3.84B | 0.63% |
17,248,800
-2,869,600
| -14% | -$617M |
|
|
22
PUT
Alibaba
BABA
$286B
| $3.73B | 0.61% |
15,642,200
+6,689,300
| +75% | +$1.86B |
|
|
23
PUT
NVIDIA
NVDA
$5.2T
| $3.63B | 0.59% |
276,060,000
-17,736,000
| -6% | -$237M |
|
|
24
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $3.59B | 0.59% |
40,978,000
-19,936,000
| -33% | -$1.68B |
|
|
25
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $2.99B | 0.49% |
34,124,000
+3,474,000
| +11% | +$293M |
|
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.