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 | |
|---|---|---|---|---|---|---|
|
26
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $2.6B | 0.5% |
17,329,200
-3,557,600
| -17% | -$535M |
|
27
CALL
Adobe
ADBE
$109B
| $2.39B | 0.46% |
4,879,000
+3,160,700
| +184% | +$1.47B |
|
28
CALL
SPDR Gold Trust
GLD
$152B
| $2.37B | 0.45% |
13,397,100
+6,744,000
| +101% | +$1.21B |
|
29
PUT
Zoom
ZM
$31.5B
| $2.32B | 0.44% |
4,939,700
+1,999,300
| +68% | +$639M |
|
30
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $2.25B | 0.43% |
90,575,000
+15,795,000
| +21% | +$381M |
|
|
31
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $2.25B | 0.43% |
30,650,000
+3,202,000
| +12% | +$244M |
|
32
PUT
Shopify
SHOP
$192B
| $2.24B | 0.43% |
21,920,000
+1,487,000
| +7% | +$148M |
|
|
33
CALL
Shopify
SHOP
$192B
| $2.23B | 0.43% |
21,778,000
+2,624,000
| +14% | +$261M |
|
34
PUT
Advanced Micro Devices
AMD
$773B
| $2.16B | 0.41% |
26,404,200
+3,019,700
| +13% | +$224M |
|
|
35
CALL
Zoom
ZM
$31.5B
| $2.07B | 0.4% |
4,406,600
+842,200
| +24% | +$269M |
|
36
CALL
Boeing
BA
$169B
| $2.05B | 0.39% |
12,425,300
-192,900
| -2% | -$32.9M |
|
37
PUT
Netflix
NFLX
$331B
| $2.04B | 0.39% |
40,848,000
+3,397,000
| +9% | +$169M |
|
|
38
PUT
Adobe
ADBE
$109B
| $1.92B | 0.37% |
3,924,100
+2,176,300
| +125% | +$1.01B |
|
39
CALL
Salesforce
CRM
$171B
| $1.89B | 0.36% |
7,536,600
+3,866,900
| +105% | +$846M |
|
|
40
PUT
Boeing
BA
$169B
| $1.89B | 0.36% |
11,432,500
-1,808,200
| -14% | -$308M |
|
41
PUT
Walt Disney
DIS
$186B
| $1.86B | 0.36% |
15,015,200
-4,710,700
| -24% | -$589M |
|
|
42
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.8B | 0.34% |
8,439,200
+3,122,700
| +59% | +$639M |
|
43
CALL
Walmart Inc
WMT
$825B
| $1.8B | 0.34% |
38,499,600
+24,225,900
| +170% | +$1.08B |
|
44
PUT
Booking.com
BKNG
$158B
| $1.73B | 0.33% |
25,235,000
-7,657,500
| -23% | -$538M |
|
|
45
CALL
Advanced Micro Devices
AMD
$773B
| $1.7B | 0.33% |
20,735,100
+4,186,400
| +25% | +$311M |
|
46
PUT
JPMorgan Chase
JPM
$935B
| $1.63B | 0.31% |
16,914,700
-937,700
| -5% | -$92.1M |
|
47
CALL
Costco
COST
$420B
| $1.6B | 0.31% |
4,495,200
+2,318,300
| +106% | +$779M |
|
48
CALL
Visa
V
$693B
| $1.47B | 0.28% |
7,347,300
+1,849,200
| +34% | +$369M |
|
|
49
PUT
Visa
V
$693B
| $1.43B | 0.27% |
7,174,400
+1,161,100
| +19% | +$232M |
|
|
50
PUT
Citigroup
C
$221B
| $1.42B | 0.27% |
32,926,600
+7,664,700
| +30% | +$382M |
|
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.