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 |
Apple
AAPL
|
+$2.66B |
| 2 |
Amazon
AMZN
|
+$421M |
| 3 |
Citigroup
C
|
+$386M |
| 4 |
Wells Fargo
WFC
|
+$288M |
| 5 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$287M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$3.18B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.45B |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$1.45B |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$533M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$503M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.99% |
| 2 | Consumer Discretionary | 1.08% |
| 3 | Financials | 1% |
| 4 | Communication Services | 0.82% |
| 5 | Healthcare | 0.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
PUT
3M
MMM
$92B
| $340M | 0.07% |
2,540,065
+155,959
| +7% | +$21M |
|
227
CALL
State Street Technology Select Sector SPDR ETF
XLK
$118B
| $340M | 0.07% |
5,829,600
-342,400
| -6% | -$19.3M |
|
228
CALL
Cisco
CSCO
$436B
| $334M | 0.06% |
8,491,900
-3,124,800
| -27% | -$136M |
|
229
PUT
Gaotu Techedu
GOTU
$401M
| $332M | 0.06% |
3,682,300
+1,556,600
| +73% | +$139M |
|
230
PUT
Lockheed Martin
LMT
$130B
| $331M | 0.06% |
863,800
+55,600
| +7% | +$21.2M |
|
231
PUT
Simon Property Group
SPG
$70.9B
| $329M | 0.06% |
5,085,700
+1,818,700
| +56% | +$119M |
|
232
CALL
VanEck Semiconductor ETF
SMH
$64.8B
| $328M | 0.06% |
3,769,400
+1,193,000
| +46% | +$100M |
|
233
PUT
T-Mobile US
TMUS
$197B
| $328M | 0.06% |
2,867,700
+355,200
| +14% | +$39.4M |
|
234
PUT
Chevron
CVX
$399B
| $328M | 0.06% |
4,549,100
+1,062,800
| +30% | +$89.4M |
|
235
CALL
Lowe's Companies
LOW
$121B
| $327M | 0.06% |
1,968,700
-53,100
| -3% | -$8.18M |
|
236
PUT
Pinduoduo
PDD
$124B
| $323M | 0.06% |
4,353,900
+433,600
| +11% | +$37.2M |
|
237
PUT
Caterpillar
CAT
$371B
| $322M | 0.06% |
2,158,100
+160,600
| +8% | +$22.6M |
|
238
CALL
Bristol-Myers Squibb
BMY
$137B
| $321M | 0.06% |
5,328,400
-1,499,900
| -22% | -$90.3M |
|
239
CALL
Union Pacific
UNP
$183B
| $319M | 0.06% |
1,619,200
-878,200
| -35% | -$163M |
|
240
CALL
Morgan Stanley
MS
$335B
| $319M | 0.06% |
6,591,500
-594,800
| -8% | -$30M |
|
|
TWTR
241
CALL
DELISTED
Twitter, Inc.
TWTR
| $317M | 0.06% |
7,133,200
+2,505,800
| +54% | +$96.2M |
|
242
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.3B
| $317M | 0.06% |
3,006,000
+1,220,700
| +68% | +$128M |
|
243
CALL
Pfizer
PFE
$160B
| $316M | 0.06% |
9,070,935
+4,713,804
| +108% | +$165M |
|
244
PUT
Charter Communications
CHTR
$18B
| $316M | 0.06% |
505,800
-16,300
| -3% | -$9.62M |
|
245
PUT
Clorox
CLX
$13.1B
| $315M | 0.06% |
1,499,200
+34,000
| +2% | +$7.57M |
|
246
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.6B
| $314M | 0.06% |
13,053,100
-9,730,200
| -43% | -$237M |
|
247
Netflix
NFLX
$336B
| $308M | 0.06% |
6,165,890
-6,807,250
| -52% | -$339M |
|
248
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $308M | 0.06% |
193,016
-2,475
| -1% | -$4.4M |
|
249
PUT
Wynn Resorts
WYNN
$10.2B
| $300M | 0.06% |
4,178,400
+267,400
| +7% | +$21.2M |
|
250
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.1B
| $300M | 0.06% |
4,816,500
-881,500
| -15% | -$52.9M |
|
Similar funds
Jeff Yass's Q3 2020 Portfolio in Review
As of Q3 2020, Jeff Yass held 11,604 positions worth $522B, up 26% from $415B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Jeff Yass deployed $36.2B of net new capital in Q3 2020, opening 1,567 new positions and adding to 4,405 existing holdings. Its largest new stake was iShares iBoxx $ Investment Grade Corporate Bond ETF: 2,104,687 shares worth $284M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, up from 1.6% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $3.18B trimmed.
- Jeff Yass's largest Q3 2020 buy was iShares iBoxx $ Investment Grade Corporate Bond ETF: 2,104,687 shares worth $284M.
- Jeff Yass added most to Apple in Q3 2020, an estimated $2.66B increase.
- Jeff Yass's biggest Q3 2020 reduction was Invesco QQQ Trust, cutting an estimated $3.18B.
- Jeff Yass fully exited Vanguard Short-Term Corporate Bond ETF in Q3 2020, selling an estimated $34.1M.
- Jeff Yass's ten largest holdings make up 34% of its $522B portfolio in Q3 2020.
- Jeff Yass opened 1,567 new positions and closed 1,138 in Q3 2020.
- Jeff Yass's portfolio value rose 26% quarter-over-quarter to $522B.
Based on Susquehanna International Group's 13F filing for Q3 2020, filed 16 Nov 2020.