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 | |
|---|---|---|---|---|---|---|
376
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $177M | 0.03% |
2,293,800
-1,134,800
| -33% | -$84.9M |
|
377
PUT
Medtronic
MDT
$119B
| $175M | 0.03% |
1,685,700
-342,000
| -17% | -$34.3M |
|
378
CALL
United Airlines
UAL
$36.9B
| $175M | 0.03% |
5,030,200
-3,253,200
| -39% | -$113M |
|
379
CALL
Newmont
NEM
$139B
| $174M | 0.03% |
2,744,400
+39,300
| +1% | +$2.56M |
|
380
PUT
Elevance Health
ELV
$87.3B
| $173M | 0.03% |
643,800
-50,100
| -7% | -$13.5M |
|
381
PUT
Comcast
CMCSA
$95.9B
| $173M | 0.03% |
3,731,500
+591,700
| +19% | +$25.7M |
|
382
PUT
Eli Lilly
LLY
$1.11T
| $172M | 0.03% |
1,162,800
-143,300
| -11% | -$22.2M |
|
383
CALL
American Airlines Group
AAL
$9.02B
| $172M | 0.03% |
13,998,400
+2,854,500
| +26% | +$35.8M |
|
384
NextEra Energy
NEE
$175B
| $172M | 0.03% |
2,474,584
+239,684
| +11% | +$16.5M |
|
385
PUT
Autodesk
ADSK
$53.7B
| $169M | 0.03% |
733,300
+99,300
| +16% | +$23.6M |
|
386
Goldman Sachs
GS
$302B
| $169M | 0.03% |
840,537
+136,908
| +19% | +$27.9M |
|
387
PUT
Blackstone
BX
$108B
| $167M | 0.03% |
3,206,200
-487,700
| -13% | -$26.1M |
|
|
AYX
388
CALL
DELISTED
Alteryx Inc
AYX
| $167M | 0.03% |
1,470,300
+119,600
| +9% | +$16.3M |
|
389
CALL
Fastly Inc
FSLY
$3.65B
| $167M | 0.03% |
1,780,900
-183,900
| -9% | -$16M |
|
390
CALL
iShares Biotechnology ETF
IBB
$10.7B
| $165M | 0.03% |
1,215,600
+306,900
| +34% | +$41.6M |
|
391
PUT
Marriott International
MAR
$93.9B
| $164M | 0.03% |
1,774,800
-238,300
| -12% | -$22.5M |
|
392
PUT
Cigna
CI
$74.1B
| $164M | 0.03% |
969,000
+201,700
| +26% | +$35.5M |
|
|
B
393
CALL
Barrick Mining
B
$79.3B
| $164M | 0.03% |
5,827,200
+1,540,700
| +36% | +$43.9M |
|
394
PUT
Illumina
ILMN
$33.7B
| $164M | 0.03% |
544,532
+141,864
| +35% | +$48.9M |
|
|
EA
395
PUT
DELISTED
Electronic Arts
EA
| $163M | 0.03% |
1,253,000
+317,300
| +34% | +$43.2M |
|
396
Hilton Worldwide
HLT
$74.3B
| $163M | 0.03% |
1,910,084
+1,866,222
| +4,255% | +$156M |
|
397
CALL
Royal Caribbean
RCL
$78.4B
| $162M | 0.03% |
2,499,900
+82,300
| +3% | +$4.85M |
|
398
PUT
Applied Materials
AMAT
$384B
| $162M | 0.03% |
2,717,700
+36,600
| +1% | +$2.26M |
|
399
CALL
Intuit
INTU
$101B
| $161M | 0.03% |
494,800
+204,900
| +71% | +$64.1M |
|
400
PUT
Skyworks Solutions
SWKS
$10.1B
| $161M | 0.03% |
1,105,400
-112,100
| -9% | -$15.6M |
|
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.