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 | |
|---|---|---|---|---|---|---|
|
GAP
701
CALL
The Gap Inc
GAP
$7.33B
| $69M | 0.01% |
4,052,400
+334,100
| +9% | +$4.98M |
|
702
Newmont
NEM
$139B
| $69M | 0.01% |
1,087,340
-865,158
| -44% | -$56.4M |
|
703
CALL
Five Below
FIVE
$14.5B
| $68.4M | 0.01% |
538,500
+82,100
| +18% | +$9.34M |
|
704
Occidental Petroleum
OXY
$60.1B
| $68.2M | 0.01% |
6,814,958
+4,606,935
| +209% | +$65M |
|
705
Target
TGT
$77.2B
| $68.1M | 0.01% |
432,405
-30,968
| -7% | -$4.25M |
|
706
PUT
Caesars Entertainment
CZR
$6.04B
| $67.9M | 0.01% |
1,210,600
+466,900
| +63% | +$20.5M |
|
707
PUT
Vanguard Real Estate ETF
VNQ
$39.3B
| $67.8M | 0.01% |
858,200
-1,340,800
| -61% | -$108M |
|
708
PUT
Mondelez International
MDLZ
$82.6B
| $67.7M | 0.01% |
1,178,300
-297,200
| -20% | -$16.5M |
|
709
RTX Corp
RTX
$282B
| $67.7M | 0.01% |
1,176,120
-625,737
| -35% | -$38.1M |
|
|
EXAS
710
CALL
DELISTED
Exact Sciences
EXAS
| $67.6M | 0.01% |
663,100
+139,100
| +27% | +$12M |
|
711
CALL
Emerson Electric
EMR
$87.9B
| $67.6M | 0.01% |
1,030,900
-53,200
| -5% | -$3.5M |
|
712
CALL
Dick's Sporting Goods
DKS
$16.1B
| $67.4M | 0.01% |
1,164,500
+300,700
| +35% | +$14.6M |
|
713
PUT
Wheaton Precious Metals
WPM
$72.8B
| $67.4M | 0.01% |
1,373,200
+493,500
| +56% | +$25.2M |
|
714
CALL
Seagate
STX
$180B
| $67.3M | 0.01% |
1,365,400
+499,000
| +58% | +$23.4M |
|
715
CALL
PNC Financial Services
PNC
$97.2B
| $67.2M | 0.01% |
611,500
+41,100
| +7% | +$4.42M |
|
716
CALL
Corning
GLW
$125B
| $67.1M | 0.01% |
2,071,200
-275,700
| -12% | -$8.52M |
|
717
PUT
D.R. Horton
DHI
$41.7B
| $67.1M | 0.01% |
887,200
+389,700
| +78% | +$26.6M |
|
718
CALL
Centene
CNC
$32.4B
| $66.9M | 0.01% |
1,146,500
+642,500
| +127% | +$39.9M |
|
719
Plug Power
PLUG
$3.03B
| $66.9M | 0.01% |
4,986,168
+685,868
| +16% | +$7.56M |
|
|
720
Vanguard Real Estate ETF
VNQ
$39.3B
| $66.7M | 0.01% |
844,744
+697,005
| +472% | +$56M |
|
721
PUT
Waste Management
WM
$90.5B
| $66.3M | 0.01% |
586,200
-191,600
| -25% | -$21.2M |
|
|
DFS
722
CALL
DELISTED
Discover Financial Services
DFS
| $66M | 0.01% |
1,141,600
+55,600
| +5% | +$2.91M |
|
723
PUT
US Bancorp
USB
$97.3B
| $65.7M | 0.01% |
1,833,500
+743,300
| +68% | +$27.2M |
|
724
CALL
Intercontinental Exchange
ICE
$91.5B
| $65.7M | 0.01% |
656,900
+75,800
| +13% | +$7.47M |
|
725
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $65.7M | 0.01% |
759,605
+58,491
| +8% | +$5.06M |
|
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.