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 | |
|---|---|---|---|---|---|---|
751
NetEase
NTES
$81.6B
| $62.2M | 0.01% |
684,100
+215,520
| +46% | +$20.3M |
|
752
PUT
Stryker
SYK
$125B
| $62.1M | 0.01% |
298,000
+88,600
| +42% | +$17.2M |
|
753
Southwest Airlines
LUV
$19.9B
| $62M | 0.01% |
1,652,911
+64,743
| +4% | +$2.3M |
|
754
PUT
Martin Marietta Materials
MLM
$37.5B
| $61.6M | 0.01% |
261,700
-19,600
| -7% | -$4.24M |
|
755
PUT
PNC Financial Services
PNC
$97B
| $61.6M | 0.01% |
560,400
-55,600
| -9% | -$5.98M |
|
756
American Express
AXP
$227B
| $61.4M | 0.01% |
612,842
-201,921
| -25% | -$19.9M |
|
757
CALL
Live Nation Entertainment
LYV
$43.1B
| $61.2M | 0.01% |
1,135,100
+18,700
| +2% | +$964K |
|
758
CALL
Equinix
EQIX
$106B
| $61M | 0.01% |
80,200
+3,600
| +5% | +$2.72M |
|
759
CALL
Kimberly-Clark
KMB
$36.7B
| $61M | 0.01% |
412,800
-370,300
| -47% | -$55.6M |
|
760
American Airlines Group
AAL
$9.11B
| $60.9M | 0.01% |
4,958,114
+3,479,600
| +235% | +$43.6M |
|
761
CALL
First Solar
FSLR
$22.3B
| $60.9M | 0.01% |
919,200
+419,700
| +84% | +$27.9M |
|
762
PUT
Centene
CNC
$32.3B
| $60.8M | 0.01% |
1,043,100
+330,900
| +46% | +$20.6M |
|
763
PUT
Bath & Body Works
BBWI
$3.75B
| $60.8M | 0.01% |
2,364,526
+85,848
| +4% | +$1.75M |
|
764
CALL
Western Digital
WDC
$159B
| $60.8M | 0.01% |
2,199,355
-280,741
| -11% | -$8.34M |
|
|
GRUB
765
CALL
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $60.5M | 0.01% |
418,200
-250,400
| -37% | -$36.1M |
|
766
CALL
Whirlpool
WHR
$2.58B
| $60.4M | 0.01% |
328,300
+22,700
| +7% | +$3.77M |
|
|
767
CALL
Stryker
SYK
$125B
| $60M | 0.01% |
288,100
-21,200
| -7% | -$4.12M |
|
768
CALL
Air Products & Chemicals
APD
$67.7B
| $60M | 0.01% |
201,500
+63,000
| +45% | +$18.1M |
|
769
CALL
Edwards Lifesciences
EW
$52B
| $60M | 0.01% |
751,500
+36,500
| +5% | +$2.85M |
|
770
Starbucks
SBUX
$121B
| $59.9M | 0.01% |
696,589
-2,821,869
| -80% | -$225M |
|
771
CALL
Valero Energy
VLO
$99B
| $59.8M | 0.01% |
1,381,200
-203,300
| -13% | -$10.6M |
|
|
ATVI
772
DELISTED
Activision Blizzard
ATVI
| $59.7M | 0.01% |
738,071
-65,879
| -8% | -$5.34M |
|
773
PUT
Halliburton
HAL
$28.6B
| $59.6M | 0.01% |
4,950,200
-363,400
| -7% | -$5.26M |
|
774
CALL
Petrobras
PBR
$115B
| $59.6M | 0.01% |
8,375,200
+3,273,000
| +64% | +$27.8M |
|
775
PUT
Hershey
HSY
$37.6B
| $59.6M | 0.01% |
415,700
+43,300
| +12% | +$6.14M |
|
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.