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 | |
|---|---|---|---|---|---|---|
451
PUT
Veeva Systems
VEEV
$39.8B
| $139M | 0.03% |
495,900
+46,500
| +10% | +$12.3M |
|
452
CALL
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.55B
| $139M | 0.03% |
1,643,800
-100,200
| -6% | -$9.46M |
|
453
CALL
Blackrock
BLK
$182B
| $139M | 0.03% |
246,900
-66,500
| -21% | -$37.9M |
|
454
CALL
Paycom
PAYC
$10.5B
| $139M | 0.03% |
445,500
+13,200
| +3% | +$3.86M |
|
455
CALL
Constellation Brands
STZ
$23B
| $138M | 0.03% |
729,100
-219,700
| -23% | -$40.1M |
|
456
CALL
Novavax
NVAX
$1.56B
| $138M | 0.03% |
1,272,500
+60,800
| +5% | +$7.41M |
|
457
CALL
NetEase
NTES
$82.3B
| $138M | 0.03% |
1,516,000
+117,000
| +8% | +$11M |
|
458
Zscaler
ZS
$27.8B
| $137M | 0.03% |
975,382
+296,179
| +44% | +$38.4M |
|
459
CALL
Linde
LIN
$224B
| $136M | 0.03% |
572,500
+7,200
| +1% | +$1.75M |
|
460
VanEck Junior Gold Miners ETF
GDXJ
$9.94B
| $135M | 0.03% |
2,444,601
+611,672
| +33% | +$35.3M |
|
461
PUT
Palo Alto Networks
PANW
$281B
| $135M | 0.03% |
3,310,800
+168,600
| +5% | +$7.01M |
|
|
IMMU
462
CALL
DELISTED
Immunomedics Inc
IMMU
| $135M | 0.03% |
1,587,300
-56,500
| -3% | -$2.86M |
|
463
PUT
DuPont de Nemours
DD
$18.4B
| $135M | 0.03% |
1,937,015
+358,818
| +23% | +$25.1M |
|
464
CALL
Chewy
CHWY
$10B
| $134M | 0.03% |
2,451,700
+330,700
| +16% | +$17.8M |
|
465
PUT
Zillow
Z
$8.22B
| $134M | 0.03% |
1,322,000
+183,500
| +16% | +$14.3M |
|
466
CALL
Align Technology
ALGN
$11.4B
| $134M | 0.03% |
410,000
+31,600
| +8% | +$9.65M |
|
467
PUT
Kraft Heinz
KHC
$30B
| $134M | 0.03% |
4,478,100
-1,023,000
| -19% | -$34M |
|
468
Simon Property Group
SPG
$71.2B
| $133M | 0.03% |
2,055,947
+879,893
| +75% | +$57.7M |
|
469
iShares China Large-Cap ETF
FXI
$4.24B
| $132M | 0.03% |
3,140,263
+1,200,809
| +62% | +$51.6M |
|
470
CALL
Dow Inc
DOW
$22.2B
| $132M | 0.03% |
2,796,100
+376,700
| +16% | +$16.9M |
|
471
CALL
S&P Global
SPGI
$128B
| $131M | 0.03% |
362,200
+154,300
| +74% | +$54.4M |
|
472
CALL
CSX Corp
CSX
$95.6B
| $130M | 0.02% |
5,013,900
+336,000
| +7% | +$8.29M |
|
473
CALL
Best Buy
BBY
$18B
| $129M | 0.02% |
1,157,500
+457,100
| +65% | +$46.7M |
|
474
PUT
Altria Group
MO
$113B
| $128M | 0.02% |
3,325,100
+63,100
| +2% | +$2.63M |
|
475
CALL
Danaher
DHR
$151B
| $128M | 0.02% |
668,340
+102,197
| +18% | +$18.2M |
|
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.