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 | |
|---|---|---|---|---|---|---|
626
PUT
Best Buy
BBY
$18.4B
| $84.5M | 0.02% |
759,700
-90,100
| -11% | -$9.21M |
|
627
CALL
Boston Beer
SAM
$1.95B
| $84.4M | 0.02% |
95,500
+23,900
| +33% | +$18.9M |
|
628
Delta Air Lines
DAL
$54.2B
| $84.3M | 0.02% |
2,756,065
-618,987
| -18% | -$17.8M |
|
629
CALL
Lennar Class A
LEN
$21.2B
| $83.9M | 0.02% |
1,060,891
+269,406
| +34% | +$19.1M |
|
630
CALL
Ford
F
$55.5B
| $83.6M | 0.02% |
12,553,400
+1,886,900
| +18% | +$12.8M |
|
631
CALL
Colgate-Palmolive
CL
$73.8B
| $83.1M | 0.02% |
1,077,400
-604,800
| -36% | -$46.1M |
|
632
Altria Group
MO
$114B
| $82.8M | 0.02% |
2,143,393
-231,327
| -10% | -$9.63M |
|
633
PUT
Direxion Daily Technology Bull 3x ETF
TECL
$5.38B
| $82.8M | 0.02% |
2,708,000
+595,000
| +28% | +$17.2M |
|
634
CALL
Norfolk Southern
NSC
$79.3B
| $82.4M | 0.02% |
385,100
-121,100
| -24% | -$24.3M |
|
635
Pinduoduo
PDD
$124B
| $82M | 0.02% |
1,105,995
+854,272
| +339% | +$73.2M |
|
636
CALL
Prudential Financial
PRU
$42.3B
| $81.1M | 0.02% |
1,277,300
-51,600
| -4% | -$3.39M |
|
637
PUT
Vanguard Dividend Appreciation ETF
VIG
$114B
| $81.1M | 0.02% |
630,100
+372,100
| +144% | +$46.8M |
|
|
638
PUT
Prudential Financial
PRU
$42.3B
| $81M | 0.02% |
1,274,400
-164,300
| -11% | -$10.8M |
|
|
IRBT
639
CALL
DELISTED
iRobot
IRBT
| $80.8M | 0.02% |
1,063,900
+252,900
| +31% | +$19.5M |
|
|
PCGU
640
DELISTED
PG&E Corporation
PCGU
| $80.4M | 0.02% |
+820,000
| New | +$80.3M |
|
641
Roku
ROKU
$23.5B
| $80.4M | 0.02% |
425,779
-321,015
| -43% | -$50.8M |
|
642
Cigna
CI
$74.1B
| $80.1M | 0.02% |
472,669
+149,124
| +46% | +$26.2M |
|
643
Broadcom
AVGO
$1.71T
| $80M | 0.02% |
2,197,120
+741,890
| +51% | +$24.8M |
|
644
CALL
iShares Semiconductor ETF
SOXX
$41.3B
| $79.8M | 0.02% |
786,300
+322,800
| +70% | +$31.5M |
|
645
CALL
Analog Devices
ADI
$181B
| $79.8M | 0.02% |
683,600
-509,300
| -43% | -$59.6M |
|
646
PUT
MetLife
MET
$61.1B
| $79.5M | 0.02% |
2,140,100
-138,800
| -6% | -$5.27M |
|
|
ALXN
647
PUT
DELISTED
Alexion Pharmaceuticals
ALXN
| $79.4M | 0.02% |
694,300
-250,200
| -26% | -$27M |
|
648
PUT
Marathon Petroleum
MPC
$102B
| $79.3M | 0.02% |
2,703,900
+446,300
| +20% | +$15.7M |
|
649
CALL
TransDigm Group
TDG
$66.3B
| $78.6M | 0.02% |
165,500
+57,100
| +53% | +$26.8M |
|
650
PUT
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $78.5M | 0.02% |
587,500
+118,100
| +25% | +$15.8M |
|
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.