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 | |
|---|---|---|---|---|---|---|
576
CALL
Marvell Technology
MRVL
$206B
| $96.7M | 0.02% |
2,436,900
+667,800
| +38% | +$24.6M |
|
577
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $96.6M | 0.02% |
2,190,359
-605,999
| -22% | -$26.6M |
|
578
Chipotle Mexican Grill
CMG
$48.1B
| $96.5M | 0.02% |
3,879,000
+1,422,300
| +58% | +$34.3M |
|
579
CALL
Cracker Barrel
CBRL
$1.3B
| $95.6M | 0.02% |
833,400
+481,700
| +137% | +$56.5M |
|
580
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $95.3M | 0.02% |
281,300
-53,800
| -16% | -$18.4M |
|
581
PUT
Danaher
DHR
$151B
| $95M | 0.02% |
497,674
-487,408
| -49% | -$86.7M |
|
582
PUT
NXP Semiconductors
NXPI
$56.1B
| $94.7M | 0.02% |
759,000
-76,500
| -9% | -$9.33M |
|
583
CALL
Eaton
ETN
$159B
| $94.6M | 0.02% |
927,400
-275,300
| -23% | -$26.9M |
|
584
CALL
D.R. Horton
DHI
$41.7B
| $94.5M | 0.02% |
1,249,900
+191,000
| +18% | +$13M |
|
585
CALL
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $94.4M | 0.02% |
850,900
+178,600
| +27% | +$20.1M |
|
586
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.29B
| $94.3M | 0.02% |
3,080,500
+618,700
| +25% | +$19.4M |
|
587
CALL
Zoetis
ZTS
$31.9B
| $94.2M | 0.02% |
569,700
-139,300
| -20% | -$21.4M |
|
588
CALL
DuPont de Nemours
DD
$18.5B
| $93.9M | 0.02% |
1,348,119
+344,558
| +34% | +$24.1M |
|
589
CALL
Lyft
LYFT
$6.69B
| $93.8M | 0.02% |
3,403,200
+786,600
| +30% | +$23.4M |
|
|
NXH
590
CALL
Neighborhood Intelligence Inc
NXH
$372M
| $93.5M | 0.02% |
1,416,030
+858,440
| +154% | +$58.5M |
|
591
Coca-Cola
KO
$396B
| $92.5M | 0.02% |
1,874,123
-2,429,955
| -56% | -$117M |
|
592
PUT
BP
BP
$113B
| $92.5M | 0.02% |
5,296,800
+1,274,000
| +32% | +$27.6M |
|
593
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.06B
| $92.2M | 0.02% |
2,582,800
-1,247,500
| -33% | -$47M |
|
594
CALL
Universal Display
OLED
$3.89B
| $91.9M | 0.02% |
508,600
+121,600
| +31% | +$20.8M |
|
595
PUT
iShares US Real Estate ETF
IYR
$4.67B
| $91.7M | 0.02% |
1,148,700
-4,060,000
| -78% | -$328M |
|
596
Qualcomm
QCOM
$166B
| $91.6M | 0.02% |
778,155
-180,675
| -19% | -$19.3M |
|
597
PUT
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$675M
| $91.5M | 0.02% |
709,600
+100,700
| +17% | +$14.6M |
|
598
CALL
Sarepta Therapeutics
SRPT
$1.92B
| $91.5M | 0.02% |
651,500
-43,600
| -6% | -$6.63M |
|
599
Lam Research
LRCX
$388B
| $91.5M | 0.02% |
2,756,730
-1,746,400
| -39% | -$60.2M |
|
600
PUT
Estee Lauder
EL
$37.7B
| $91.3M | 0.02% |
418,400
-41,700
| -9% | -$8.58M |
|
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.