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 | |
|---|---|---|---|---|---|---|
501
PUT
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.52B
| $121M | 0.02% |
1,422,700
+174,200
| +14% | +$16.4M |
|
502
PUT
United Rentals
URI
$67.4B
| $121M | 0.02% |
691,200
-193,300
| -22% | -$32.5M |
|
503
CALL
Dell
DELL
$280B
| $120M | 0.02% |
3,507,402
+992,813
| +39% | +$31M |
|
|
EA
504
CALL
DELISTED
Electronic Arts
EA
| $119M | 0.02% |
910,100
+71,800
| +9% | +$9.79M |
|
505
CALL
Virgin Galactic
SPCE
$455M
| $119M | 0.02% |
308,215
+79,340
| +35% | +$30.1M |
|
|
VMW
506
PUT
DELISTED
VMware, Inc
VMW
| $118M | 0.02% |
824,000
+203,700
| +33% | +$28.9M |
|
507
CALL
Southwest Airlines
LUV
$19.9B
| $118M | 0.02% |
3,149,200
+338,000
| +12% | +$12M |
|
508
PUT
Texas Instruments
TXN
$236B
| $118M | 0.02% |
824,100
+174,700
| +27% | +$23.7M |
|
509
Merck
MRK
$372B
| $118M | 0.02% |
1,484,655
+179,324
| +14% | +$14M |
|
510
Teladoc Health
TDOC
$1.13B
| $117M | 0.02% |
532,305
+91,928
| +21% | +$19.5M |
|
511
PUT
Western Digital
WDC
$157B
| $117M | 0.02% |
4,220,105
+830,314
| +24% | +$24.7M |
|
512
CALL
Philip Morris
PM
$298B
| $116M | 0.02% |
1,553,400
+85,700
| +6% | +$6.61M |
|
|
513
PUT
Southwest Airlines
LUV
$19.9B
| $116M | 0.02% |
3,103,900
-654,800
| -17% | -$23.3M |
|
514
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $116M | 0.02% |
3,902,000
-1,355,200
| -26% | -$40.2M |
|
515
CALL
Hilton Worldwide
HLT
$74.3B
| $116M | 0.02% |
1,357,100
+371,000
| +38% | +$31M |
|
516
DraftKings
DKNG
$12.9B
| $116M | 0.02% |
1,967,130
-546,010
| -22% | -$21.2M |
|
517
CALL
Caesars Entertainment
CZR
$6.04B
| $115M | 0.02% |
2,055,100
+521,700
| +34% | +$22.9M |
|
|
NKLA
518
CALL
DELISTED
Nikola Corporation Common Stock
NKLA
| $115M | 0.02% |
187,453
-10,664
| -5% | -$12.4M |
|
519
PUT
eBay
EBAY
$47.7B
| $114M | 0.02% |
2,194,700
+1,171,400
| +114% | +$64.5M |
|
520
CALL
DexCom
DXCM
$34.4B
| $113M | 0.02% |
1,097,200
-70,400
| -6% | -$7.36M |
|
521
Spotify
SPOT
$111B
| $113M | 0.02% |
465,802
+347,659
| +294% | +$89.8M |
|
522
PUT
iShares Russell 1000 Value ETF
IWD
$84.3B
| $112M | 0.02% |
950,800
+904,300
| +1,945% | +$107M |
|
523
PUT
Universal Display
OLED
$3.89B
| $111M | 0.02% |
615,700
-43,600
| -7% | -$7.45M |
|
524
Biogen
BIIB
$32.2B
| $111M | 0.02% |
391,856
-6,544
| -2% | -$1.83M |
|
525
CALL
Workhorse Group
WKHS
$34.1M
| $111M | 0.02% |
1,461
+1,000
| +217% | +$57.2M |
|
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.