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 | |
|---|---|---|---|---|---|---|
351
CALL
Domino's
DPZ
$11.5B
| $192M | 0.04% |
451,900
+94,900
| +27% | +$37.8M |
|
352
Walmart Inc
WMT
$847B
| $191M | 0.04% |
4,102,365
-2,229,171
| -35% | -$99.1M |
|
353
AT&T
T
$176B
| $190M | 0.04% |
8,839,472
+6,416,859
| +265% | +$143M |
|
354
CALL
Illumina
ILMN
$33.7B
| $189M | 0.04% |
630,164
+111,127
| +21% | +$38.3M |
|
355
PUT
Moderna
MRNA
$55.4B
| $188M | 0.04% |
2,656,600
+813,800
| +44% | +$56.7M |
|
356
CALL
Medtronic
MDT
$119B
| $188M | 0.04% |
1,807,900
-4,200
| -0.2% | -$422K |
|
357
PUT
Royal Caribbean
RCL
$78.4B
| $188M | 0.04% |
2,901,200
-430,000
| -13% | -$25.3M |
|
358
PUT
Constellation Brands
STZ
$23.5B
| $187M | 0.04% |
986,200
-108,000
| -10% | -$19.7M |
|
359
CALL
Honeywell
HON
$68.1B
| $186M | 0.04% |
1,197,126
-6,897
| -0.6% | -$1.02M |
|
|
TWTR
360
PUT
DELISTED
Twitter, Inc.
TWTR
| $185M | 0.04% |
4,165,400
-896,800
| -18% | -$34.4M |
|
361
CALL
Cigna
CI
$74.1B
| $185M | 0.04% |
1,094,000
-122,800
| -10% | -$21.6M |
|
362
Mastercard
MA
$525B
| $185M | 0.04% |
547,024
-752,986
| -58% | -$245M |
|
|
SPLK
363
CALL
DELISTED
Splunk Inc
SPLK
| $184M | 0.04% |
980,300
+2,200
| +0.2% | +$438K |
|
364
CALL
ProShares UltraPro Short QQQ
SQQQ
$1.9B
| $183M | 0.04% |
61,457
+54,122
| +738% | +$188M |
|
365
CALL
Palo Alto Networks
PANW
$286B
| $182M | 0.03% |
4,467,600
+404,400
| +10% | +$16.8M |
|
366
PUT
United Airlines
UAL
$36.9B
| $182M | 0.03% |
5,229,100
-3,214,800
| -38% | -$111M |
|
367
CALL
AstraZeneca
AZN
$259B
| $181M | 0.03% |
1,650,550
+857,350
| +108% | +$95.4M |
|
368
PUT
Blackrock
BLK
$182B
| $180M | 0.03% |
320,200
-65,400
| -17% | -$37.3M |
|
369
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $180M | 0.03% |
6,060,200
+500,000
| +9% | +$14.8M |
|
|
370
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $180M | 0.03% |
1,333,500
+247,600
| +23% | +$33.8M |
|
371
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $178M | 0.03% |
2,428,600
-147,400
| -6% | -$10.4M |
|
372
CALL
Blackstone
BX
$108B
| $178M | 0.03% |
3,411,100
-789,700
| -19% | -$42.3M |
|
373
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $178M | 0.03% |
1,314,300
+134,000
| +11% | +$18.2M |
|
374
PUT
Oracle
ORCL
$410B
| $177M | 0.03% |
2,971,600
+494,200
| +20% | +$28.1M |
|
375
PUT
Pinterest
PINS
$13.3B
| $177M | 0.03% |
4,254,600
+1,579,700
| +59% | +$51.5M |
|
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.