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 | |
|---|---|---|---|---|---|---|
51
PUT
Costco
COST
$420B
| $1.4B | 0.27% |
3,944,500
+1,229,800
| +45% | +$413M |
|
52
CALL
Walt Disney
DIS
$186B
| $1.39B | 0.27% |
11,183,600
-1,004,700
| -8% | -$126M |
|
|
XYZ
53
CALL
Block Inc
XYZ
$49.4B
| $1.37B | 0.26% |
8,438,400
+1,088,800
| +15% | +$154M |
|
54
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $1.34B | 0.26% |
53,765,000
+7,595,000
| +16% | +$183M |
|
55
PUT
Salesforce
CRM
$171B
| $1.31B | 0.25% |
5,211,200
+2,410,400
| +86% | +$528M |
|
|
56
Amazon
AMZN
$2.79T
| $1.28B | 0.25% |
8,138,520
+2,669,920
| +49% | +$421M |
|
57
CALL
Booking.com
BKNG
$158B
| $1.24B | 0.24% |
18,165,000
-5,487,500
| -23% | -$385M |
|
58
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.22B | 0.23% |
4,405,100
-883,500
| -17% | -$241M |
|
|
XYZ
59
PUT
Block Inc
XYZ
$49.4B
| $1.21B | 0.23% |
7,446,700
+2,371,300
| +47% | +$335M |
|
|
60
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.12B | 0.22% |
4,053,400
+364,100
| +10% | +$99.5M |
|
61
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.09B | 0.21% |
24,740,600
+1,868,500
| +8% | +$82M |
|
62
CALL
JPMorgan Chase
JPM
$935B
| $1.07B | 0.21% |
11,125,400
+1,690,400
| +18% | +$166M |
|
63
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.04B | 0.2% |
16,380,900
-1,922,700
| -11% | -$123M |
|
|
64
Invesco QQQ Trust
QQQ
$486B
| $1.03B | 0.2% |
3,719,807
-11,731,268
| -76% | -$3.18B |
|
65
CALL
Intel
INTC
$476B
| $995M | 0.19% |
19,208,900
+7,027,100
| +58% | +$365M |
|
66
PUT
Bank of America
BAC
$431B
| $967M | 0.19% |
40,147,200
-663,100
| -2% | -$16.5M |
|
67
PUT
Mastercard
MA
$509B
| $947M | 0.18% |
2,800,600
-687,600
| -20% | -$224M |
|
68
PUT
Mercado Libre
MELI
$97.5B
| $941M | 0.18% |
869,100
+274,300
| +46% | +$298M |
|
69
CALL
Home Depot
HD
$335B
| $937M | 0.18% |
3,375,300
-645,300
| -16% | -$175M |
|
70
PUT
PayPal
PYPL
$52.7B
| $937M | 0.18% |
4,755,700
+1,220,900
| +35% | +$230M |
|
71
PUT
SPDR Gold Trust
GLD
$152B
| $923M | 0.18% |
5,209,700
+2,465,600
| +90% | +$443M |
|
|
72
PUT
Intel
INTC
$476B
| $921M | 0.18% |
17,777,400
+8,774,400
| +97% | +$456M |
|
73
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $889M | 0.17% |
5,446,900
-484,600
| -8% | -$80.4M |
|
74
CALL
FedEx
FDX
$76.9B
| $864M | 0.17% |
3,436,500
+1,320,800
| +62% | +$264M |
|
|
75
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $847M | 0.16% |
5,190,100
-1,875,200
| -27% | -$311M |
|
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.