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 | |
|---|---|---|---|---|---|---|
251
CALL
Merck
MRK
$372B
| $299M | 0.06% |
3,776,258
+639,699
| +20% | +$50.1M |
|
|
PARA
252
CALL
DELISTED
Paramount Global Class B
PARA
| $298M | 0.06% |
10,640,800
+1,703,700
| +19% | +$45.6M |
|
|
ATVI
253
CALL
DELISTED
Activision Blizzard
ATVI
| $297M | 0.06% |
3,671,300
+1,604,300
| +78% | +$130M |
|
254
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $297M | 0.06% |
4,038,000
+372,800
| +10% | +$26.4M |
|
255
CALL
Regeneron Pharmaceuticals
REGN
$85.3B
| $294M | 0.06% |
525,600
-164,000
| -24% | -$99.4M |
|
256
CALL
3M
MMM
$92B
| $289M | 0.06% |
2,154,235
-221,739
| -9% | -$29.8M |
|
257
CALL
Starbucks
SBUX
$122B
| $288M | 0.06% |
3,351,300
+371,600
| +12% | +$29.6M |
|
258
Boeing
BA
$165B
| $288M | 0.06% |
1,741,884
-2,260,036
| -56% | -$385M |
|
259
CALL
Zillow
Z
$8.26B
| $284M | 0.05% |
2,799,600
+1,439,700
| +106% | +$112M |
|
|
260
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $284M | 0.05% |
+2,104,687
| New | +$287M |
|
261
PUT
Bristol-Myers Squibb
BMY
$137B
| $283M | 0.05% |
4,690,700
-933,400
| -17% | -$56.2M |
|
262
Tesla
TSLA
$1.4T
| $281M | 0.05% |
1,961,583
-969,732
| -33% | -$114M |
|
263
CALL
ExxonMobil
XOM
$672B
| $279M | 0.05% |
8,137,000
-3,681,700
| -31% | -$151M |
|
264
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.4B
| $278M | 0.05% |
2,486,900
+311,600
| +14% | +$34.9M |
|
265
CALL
DraftKings
DKNG
$12.9B
| $276M | 0.05% |
4,695,100
+960,100
| +26% | +$37.3M |
|
266
PUT
VanEck Semiconductor ETF
SMH
$64.8B
| $276M | 0.05% |
3,168,400
-915,000
| -22% | -$76.7M |
|
267
SPDR Gold Trust
GLD
$155B
| $276M | 0.05% |
1,556,765
+1,082,069
| +228% | +$194M |
|
268
CALL
Delta Air Lines
DAL
$54.1B
| $274M | 0.05% |
8,955,900
-604,000
| -6% | -$17.4M |
|
269
CALL
Accenture
ACN
$114B
| $274M | 0.05% |
1,210,300
+192,000
| +19% | +$44M |
|
270
CALL
Lockheed Martin
LMT
$130B
| $270M | 0.05% |
705,000
-78,700
| -10% | -$30M |
|
271
CALL
Expedia Group
EXPE
$40B
| $270M | 0.05% |
2,945,100
+442,500
| +18% | +$39.8M |
|
|
272
ExxonMobil
XOM
$672B
| $270M | 0.05% |
7,859,945
+3,769,854
| +92% | +$154M |
|
|
273
PUT
DraftKings
DKNG
$12.9B
| $269M | 0.05% |
4,566,000
+894,100
| +24% | +$34.8M |
|
274
CALL
Wynn Resorts
WYNN
$10.2B
| $268M | 0.05% |
3,729,500
+742,300
| +25% | +$58.9M |
|
|
275
PUT
Merck
MRK
$372B
| $267M | 0.05% |
3,370,787
+498,638
| +17% | +$39.1M |
|
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.