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 | |
|---|---|---|---|---|---|---|
301
PUT
Okta
OKTA
$22.7B
| $233M | 0.04% |
1,089,600
-126,200
| -10% | -$26.3M |
|
302
PUT
Amgen
AMGN
$240B
| $233M | 0.04% |
915,600
-47,800
| -5% | -$11.8M |
|
303
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$289M
| $232M | 0.04% |
4,662
+3,239
| +228% | +$194M |
|
304
CALL
Workday
WDAY
$49.4B
| $230M | 0.04% |
1,070,300
+208,600
| +24% | +$41.3M |
|
305
PUT
AstraZeneca
AZN
$258B
| $230M | 0.04% |
2,100,600
+1,571,800
| +297% | +$175M |
|
306
CALL
TSMC
TSM
$2.13T
| $230M | 0.04% |
2,838,700
+1,921,600
| +210% | +$146M |
|
307
CALL
Altria Group
MO
$114B
| $229M | 0.04% |
5,918,800
+1,199,500
| +25% | +$49.9M |
|
|
WORK
308
CALL
DELISTED
Slack Technologies, Inc.
WORK
| $229M | 0.04% |
8,513,300
+4,583,600
| +117% | +$135M |
|
309
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
| $228M | 0.04% |
2,717,500
-1,892,400
| -41% | -$159M |
|
|
310
Berkshire Hathaway Class B
BRK.B
$1.08T
| $227M | 0.04% |
1,067,681
-2,458,250
| -70% | -$503M |
|
311
CALL
Etsy
ETSY
$7.83B
| $227M | 0.04% |
1,863,400
+577,700
| +45% | +$67.6M |
|
312
PUT
Delta Air Lines
DAL
$54.2B
| $225M | 0.04% |
7,348,800
-2,424,300
| -25% | -$69.9M |
|
313
CALL
Texas Instruments
TXN
$237B
| $224M | 0.04% |
1,566,500
-452,400
| -22% | -$61.5M |
|
314
CALL
Marriott International
MAR
$93.6B
| $223M | 0.04% |
2,405,100
+1,126,700
| +88% | +$106M |
|
|
315
CALL
Wells Fargo
WFC
$257B
| $223M | 0.04% |
9,464,500
-6,675,400
| -41% | -$165M |
|
316
CALL
American Express
AXP
$228B
| $222M | 0.04% |
2,210,700
+459,600
| +26% | +$45.2M |
|
317
CALL
iShares China Large-Cap ETF
FXI
$4.23B
| $219M | 0.04% |
5,222,900
+958,900
| +22% | +$41.2M |
|
|
WORK
318
PUT
DELISTED
Slack Technologies, Inc.
WORK
| $219M | 0.04% |
8,139,500
+3,973,600
| +95% | +$117M |
|
|
COUP
319
CALL
DELISTED
Coupa Software Incorporated
COUP
| $217M | 0.04% |
790,900
-28,600
| -3% | -$8.34M |
|
320
CALL
Ulta Beauty
ULTA
$23.1B
| $216M | 0.04% |
963,200
+276,300
| +40% | +$59.4M |
|
321
PUT
Baidu
BIDU
$31.2B
| $215M | 0.04% |
1,700,400
-562,600
| -25% | -$69.7M |
|
322
PUT
Fastly Inc
FSLY
$3.72B
| $215M | 0.04% |
2,294,900
+931,600
| +68% | +$80.9M |
|
323
PUT
American Airlines Group
AAL
$9.08B
| $215M | 0.04% |
17,471,400
+4,164,200
| +31% | +$52.2M |
|
324
PUT
Verizon
VZ
$208B
| $214M | 0.04% |
3,593,500
-943,300
| -21% | -$54.8M |
|
325
Trade Desk
TTD
$6.21B
| $212M | 0.04% |
4,092,010
-2,531,900
| -38% | -$116M |
|
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.