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 | |
|---|---|---|---|---|---|---|
851
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $50.4M | 0.01% |
538,912
+460,754
| +590% | +$43.2M |
|
852
CALL
Illinois Tool Works
ITW
$80.2B
| $50.3M | 0.01% |
260,500
-83,100
| -24% | -$15.8M |
|
853
Western Digital
WDC
$163B
| $50.1M | 0.01% |
1,812,757
+620,017
| +52% | +$18.4M |
|
854
CALL
Vertex Pharmaceuticals
VRTX
$140B
| $49.9M | 0.01% |
183,400
-35,800
| -16% | -$9.88M |
|
855
PepsiCo
PEP
$194B
| $49.7M | 0.01% |
358,423
-29,133
| -8% | -$3.96M |
|
|
DFS
856
PUT
DELISTED
Discover Financial Services
DFS
| $49.6M | 0.01% |
859,100
-81,100
| -9% | -$4.25M |
|
857
CALL
Becton Dickinson
BDX
$51.7B
| $49.5M | 0.01% |
218,018
-89,892
| -29% | -$22.1M |
|
858
CALL
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $49.2M | 0.01% |
288,800
-200,700
| -41% | -$33.8M |
|
859
PUT
Vanguard Morningstar Growth ETF
VUG
$225B
| $49.1M | 0.01% |
1,294,200
+1,159,200
| +859% | +$42.8M |
|
860
CALL
Papa John's
PZZA
$794M
| $48.8M | 0.01% |
593,400
+365,500
| +160% | +$33.6M |
|
861
CALL
Fortinet
FTNT
$113B
| $48.7M | 0.01% |
2,068,000
+473,500
| +30% | +$12.2M |
|
862
PUT
Progressive
PGR
$129B
| $48.5M | 0.01% |
512,100
+214,600
| +72% | +$19.3M |
|
863
PUT
Pan American Silver
PAAS
$22.5B
| $48.4M | 0.01% |
1,506,300
+388,800
| +35% | +$13.4M |
|
864
PUT
PG&E
PCG
$40.4B
| $48.2M | 0.01% |
5,128,900
-2,934,300
| -36% | -$27.2M |
|
865
CALL
Truist Financial
TFC
$61.4B
| $48.1M | 0.01% |
1,265,300
-587,400
| -32% | -$22.1M |
|
|
PXD
866
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $48.1M | 0.01% |
559,400
-97,400
| -15% | -$9.59M |
|
|
ALXN
867
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $48M | 0.01% |
419,200
-45,300
| -10% | -$4.89M |
|
868
CALL
State Street SPDR S&P Retail ETF
XRT
$325M
| $48M | 0.01% |
965,700
-127,500
| -12% | -$6.25M |
|
869
Vanguard Total Bond Market
BND
$162B
| $47.9M | 0.01% |
+542,817
| New | +$48.1M |
|
|
KSU
870
CALL
DELISTED
Kansas City Southern
KSU
| $47.7M | 0.01% |
264,000
-179,100
| -40% | -$31M |
|
871
PUT
Bausch Health
BHC
$2.52B
| $47.7M | 0.01% |
3,070,200
+610,500
| +25% | +$10.5M |
|
872
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.1B
| $47.7M | 0.01% |
743,800
-304,500
| -29% | -$19.2M |
|
873
PUT
Avis
CAR
$5.13B
| $47.7M | 0.01% |
1,811,300
-1,326,300
| -42% | -$39.9M |
|
874
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $47.6M | 0.01% |
429,605
+281,702
| +190% | +$31.6M |
|
|
PPLI
875
PUT
People Inc
PPLI
$2.94B
| $47.5M | 0.01% |
726,267
-2,040,662
| -74% | -$140M |
|
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.