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 | |
|---|---|---|---|---|---|---|
276
PUT
Atlassian
TEAM
$43.7B
| $266M | 0.05% |
1,462,900
+199,800
| +16% | +$35.6M |
|
277
Intel
INTC
$464B
| $262M | 0.05% |
5,051,644
+1,325,502
| +36% | +$68.9M |
|
|
278
CALL
Atlassian
TEAM
$43.7B
| $261M | 0.05% |
1,437,200
+777,200
| +118% | +$139M |
|
279
CALL
United States Oil Fund
USO
$2.07B
| $258M | 0.05% |
9,127,700
-14,312,500
| -61% | -$419M |
|
280
PUT
Domino's
DPZ
$11.4B
| $255M | 0.05% |
600,200
-42,000
| -7% | -$16.7M |
|
281
Salesforce
CRM
$172B
| $255M | 0.05% |
1,015,450
+151,626
| +18% | +$33.2M |
|
|
ATVI
282
PUT
DELISTED
Activision Blizzard
ATVI
| $255M | 0.05% |
3,145,900
+1,308,300
| +71% | +$106M |
|
|
B
283
Barrick Mining
B
$78.9B
| $252M | 0.05% |
8,964,889
+3,545,597
| +65% | +$101M |
|
284
CALL
AbbVie
ABBV
$468B
| $252M | 0.05% |
2,876,900
-1,775,400
| -38% | -$167M |
|
285
CALL
iShares MSCI Brazil ETF
EWZ
$8.07B
| $252M | 0.05% |
9,109,500
-1,823,100
| -17% | -$55.9M |
|
286
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$42.9B
| $250M | 0.05% |
2,052,800
-91,200
| -4% | -$11.1M |
|
287
CALL
Abbott
ABT
$202B
| $249M | 0.05% |
2,286,400
+338,100
| +17% | +$34.3M |
|
288
PUT
Etsy
ETSY
$7.83B
| $248M | 0.05% |
2,041,200
+956,500
| +88% | +$112M |
|
289
PUT
Spotify
SPOT
$110B
| $247M | 0.05% |
1,019,100
+44,300
| +5% | +$11.4M |
|
290
PUT
American Express
AXP
$228B
| $247M | 0.05% |
2,461,300
-228,800
| -9% | -$22.5M |
|
291
CALL
Veeva Systems
VEEV
$40.4B
| $244M | 0.05% |
869,400
+105,200
| +14% | +$27.7M |
|
292
CALL
Gaotu Techedu
GOTU
$401M
| $244M | 0.05% |
2,712,300
+1,773,200
| +189% | +$158M |
|
293
TSMC
TSM
$2.13T
| $242M | 0.05% |
2,988,718
+1,328,013
| +80% | +$101M |
|
294
CALL
Pinterest
PINS
$13.3B
| $241M | 0.05% |
5,802,600
+3,106,800
| +115% | +$101M |
|
295
PUT
VanEck Oil Services ETF
OIH
$1.94B
| $240M | 0.05% |
2,455,000
-342,300
| -12% | -$42M |
|
|
PARA
296
PUT
DELISTED
Paramount Global Class B
PARA
| $237M | 0.05% |
8,467,700
-492,200
| -5% | -$13.2M |
|
297
PUT
Lowe's Companies
LOW
$121B
| $236M | 0.05% |
1,423,900
+216,600
| +18% | +$33.4M |
|
298
CALL
Moderna
MRNA
$55.8B
| $235M | 0.05% |
3,325,000
+735,100
| +28% | +$51.3M |
|
299
CALL
Enphase Energy
ENPH
$4.92B
| $234M | 0.04% |
2,836,200
+877,000
| +45% | +$58.7M |
|
300
Cisco
CSCO
$436B
| $234M | 0.04% |
5,939,198
+1,395,462
| +31% | +$60.8M |
|
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.