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 | |
|---|---|---|---|---|---|---|
401
CALL
iShares US Real Estate ETF
IYR
$4.67B
| $161M | 0.03% |
2,012,400
-670,400
| -25% | -$54.1M |
|
402
PUT
MongoDB
MDB
$32.4B
| $161M | 0.03% |
693,600
-5,400
| -0.8% | -$1.17M |
|
403
PUT
Novavax
NVAX
$1.46B
| $161M | 0.03% |
1,481,800
+398,800
| +37% | +$48.6M |
|
404
CALL
iShares TIPS Bond ETF
TIP
$15B
| $160M | 0.03% |
1,266,400
+983,200
| +347% | +$124M |
|
405
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $160M | 0.03% |
2,072,500
+37,800
| +2% | +$2.83M |
|
406
CALL
Carvana
CVNA
$79.5B
| $159M | 0.03% |
3,567,500
+294,000
| +9% | +$10.4M |
|
407
CALL
CME Group
CME
$100B
| $158M | 0.03% |
945,100
+41,300
| +5% | +$6.96M |
|
408
CALL
United Rentals
URI
$67.4B
| $158M | 0.03% |
904,100
+67,500
| +8% | +$11.3M |
|
409
PUT
Datadog
DDOG
$81.1B
| $157M | 0.03% |
1,532,500
+892,900
| +140% | +$77.7M |
|
410
CALL
Deere & Co
DE
$175B
| $156M | 0.03% |
704,500
-76,600
| -10% | -$14.8M |
|
|
DOCU
411
DocuSign
DOCU
$11.9B
| $155M | 0.03% |
720,718
+285,412
| +66% | +$59.2M |
|
412
PUT
Abbott
ABT
$202B
| $155M | 0.03% |
1,421,700
+16,600
| +1% | +$1.68M |
|
413
PUT
Freeport-McMoran
FCX
$112B
| $154M | 0.03% |
9,868,200
+311,800
| +3% | +$4.5M |
|
414
CALL
iShares Expanded Tech-Software Sector ETF
IGV
$14.1B
| $154M | 0.03% |
2,473,500
+606,500
| +32% | +$36.4M |
|
415
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $152M | 0.03% |
1,367,900
-485,000
| -26% | -$54.5M |
|
416
CALL
NXP Semiconductors
NXPI
$56.1B
| $151M | 0.03% |
1,211,300
-521,300
| -30% | -$63.6M |
|
417
PUT
American Tower
AMT
$83.1B
| $151M | 0.03% |
623,600
+33,800
| +6% | +$8.57M |
|
|
418
PUT
CME Group
CME
$100B
| $151M | 0.03% |
900,700
+101,500
| +13% | +$17.1M |
|
419
Pinterest
PINS
$13.3B
| $151M | 0.03% |
3,626,251
+2,763,162
| +320% | +$90.1M |
|
420
PUT
ProShares UltraPro Short QQQ
SQQQ
$1.9B
| $151M | 0.03% |
50,489
+44,319
| +718% | +$154M |
|
421
CALL
ASML
ASML
$668B
| $150M | 0.03% |
407,100
+168,100
| +70% | +$62.8M |
|
422
CALL
Eli Lilly
LLY
$1.11T
| $150M | 0.03% |
1,013,800
-119,900
| -11% | -$18.6M |
|
423
CALL
PENN Entertainment
PENN
$2.45B
| $150M | 0.03% |
2,063,400
+555,700
| +37% | +$27.3M |
|
424
CALL
Applied Materials
AMAT
$384B
| $149M | 0.03% |
2,512,500
+264,200
| +12% | +$16.3M |
|
425
PUT
DexCom
DXCM
$34.4B
| $149M | 0.03% |
1,447,600
-47,200
| -3% | -$4.93M |
|
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.