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 |
Zoom
ZM
|
+$834M |
| 2 |
FedEx
FDX
|
+$666M |
| 3 |
Microsoft
MSFT
|
+$594M |
| 4 |
Advanced Micro Devices
AMD
|
+$585M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$403M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$2.17B |
| 2 |
Amazon
AMZN
|
+$1.98B |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.79B |
| 4 |
NVIDIA
NVDA
|
+$1.18B |
| 5 |
Wells Fargo
WFC
|
+$827M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.89% |
| 2 | Consumer Discretionary | 1.29% |
| 3 | Communication Services | 0.93% |
| 4 | Healthcare | 0.89% |
| 5 | Financials | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Tesla
TSLA
$1.43T
| $37.4B | 5.01% |
144,561,900
-17,535,300
| -11% | -$4.13B |
|
|
2
PUT
Amazon
AMZN
$2.79T
| $36.6B | 4.9% |
221,506,000
+32,280,000
| +17% | +$5.57B |
|
|
3
CALL
Amazon
AMZN
$2.79T
| $36.3B | 4.87% |
219,896,000
+19,206,000
| +10% | +$3.31B |
|
|
4
CALL
Tesla
TSLA
$1.43T
| $36.3B | 4.87% |
140,331,300
-1,265,400
| -0.9% | -$298M |
|
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $27.7B | 3.71% |
63,644,500
+12,180,200
| +24% | +$5.37B |
|
|
6
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $19.2B | 2.57% |
44,079,200
+7,926,900
| +22% | +$3.5B |
|
7
PUT
Invesco QQQ Trust
QQQ
$486B
| $14.6B | 1.96% |
40,810,800
+6,009,500
| +17% | +$2.21B |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $10.5B | 1.41% |
29,313,400
+7,570,700
| +35% | +$2.79B |
|
9
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $9.15B | 1.23% |
68,460,000
+23,714,000
| +53% | +$3.23B |
|
|
10
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $8.71B | 1.17% |
65,392,000
+19,754,000
| +43% | +$2.72B |
|
|
11
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $8.65B | 1.16% |
64,674,000
+12,386,000
| +24% | +$1.69B |
|
|
12
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $8.08B | 1.08% |
18,839,841
-4,062,875
| -18% | -$1.79B |
|
13
CALL
Apple
AAPL
$4.51T
| $7.92B | 1.06% |
55,422,900
-5,024,700
| -8% | -$740M |
|
14
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $7.54B | 1.01% |
34,483,900
+9,110,000
| +36% | +$2.02B |
|
|
15
PUT
Apple
AAPL
$4.51T
| $6.22B | 0.83% |
43,554,900
-1,466,300
| -3% | -$216M |
|
16
CALL
Meta Platforms (Facebook)
META
$1.4T
| $5.94B | 0.8% |
17,488,600
-2,328,300
| -12% | -$839M |
|
|
17
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $4.44B | 0.6% |
33,306,000
-908,000
| -3% | -$125M |
|
|
18
PUT
Microsoft
MSFT
$3.59T
| $4.37B | 0.59% |
15,381,100
+849,600
| +6% | +$247M |
|
|
19
CALL
Microsoft
MSFT
$3.59T
| $4.04B | 0.54% |
14,227,900
-7,373,600
| -34% | -$2.15B |
|
|
20
PUT
NVIDIA
NVDA
$5.2T
| $3.73B | 0.5% |
180,072,000
-112,608,000
| -38% | -$2.34B |
|
21
PUT
Shopify
SHOP
$192B
| $3.73B | 0.5% |
27,483,000
+3,342,000
| +14% | +$501M |
|
22
CALL
Alibaba
BABA
$286B
| $3.51B | 0.47% |
23,718,100
+3,465,700
| +17% | +$631M |
|
23
CALL
Netflix
NFLX
$331B
| $3.41B | 0.46% |
55,830,000
+9,040,000
| +19% | +$497M |
|
|
24
PUT
Meta Platforms (Facebook)
META
$1.4T
| $3.35B | 0.45% |
9,867,600
+2,967,000
| +43% | +$1.07B |
|
25
PUT
Mercado Libre
MELI
$97.5B
| $3.34B | 0.45% |
1,988,500
+806,900
| +68% | +$1.4B |
|
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Jeff Yass's Q3 2021 Portfolio in Review
As of Q3 2021, Jeff Yass held 14,193 positions worth $745B, up 4.8% from $712B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Jeff Yass deployed $45.4B of net new capital in Q3 2021, opening 1,741 new positions and adding to 5,205 existing holdings. Its largest new stake was InMode: 613,660 shares worth $48.9M.
By sector, the portfolio is most concentrated in Technology at 1.9% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $2.17B trimmed.
- Jeff Yass's largest Q3 2021 buy was InMode: 613,660 shares worth $48.9M.
- Jeff Yass added most to Zoom in Q3 2021, an estimated $834M increase.
- Jeff Yass's biggest Q3 2021 reduction was Walt Disney, cutting an estimated $2.17B.
- Jeff Yass fully exited PRA Health Sciences, Inc. in Q3 2021, selling an estimated $103M.
- Jeff Yass's ten largest holdings make up 32% of its $745B portfolio in Q3 2021.
- Jeff Yass opened 1,741 new positions and closed 1,560 in Q3 2021.
- Jeff Yass's portfolio value rose 4.8% quarter-over-quarter to $745B.
Based on Susquehanna International Group's 13F filing for Q3 2021, filed 15 Nov 2021.