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 | |
|---|---|---|---|---|---|---|
901
PUT
Teck Resources
TECK
$35.1B
| $45.9M | 0.01% |
3,300,200
+2,268,000
| +220% | +$26.9M |
|
902
American Tower
AMT
$83.2B
| $45.8M | 0.01% |
189,281
-95,054
| -33% | -$24.1M |
|
903
American International
AIG
$39.9B
| $45.7M | 0.01% |
1,660,866
+245,558
| +17% | +$7.32M |
|
904
PUT
Microchip Technology
MCHP
$39.9B
| $45.7M | 0.01% |
888,800
-263,400
| -23% | -$13.7M |
|
905
PUT
Tractor Supply
TSCO
$18.4B
| $45.5M | 0.01% |
1,585,500
+162,000
| +11% | +$4.66M |
|
906
Uber
UBER
$164B
| $45.4M | 0.01% |
1,245,160
-2,908,227
| -70% | -$96M |
|
|
NVTA
907
CALL
DELISTED
Invitae Corporation
NVTA
| $45.4M | 0.01% |
1,047,500
+547,500
| +110% | +$18.7M |
|
|
GAP
908
PUT
The Gap Inc
GAP
$7.25B
| $45.4M | 0.01% |
2,666,200
+37,800
| +1% | +$563K |
|
909
PUT
iShares MSCI Japan ETF
EWJ
$22.6B
| $45.4M | 0.01% |
768,600
-358,700
| -32% | -$20.5M |
|
|
HES
910
PUT
DELISTED
Hess
HES
| $45.4M | 0.01% |
1,108,500
+481,600
| +77% | +$22.9M |
|
911
GameStop
GME
$8.12B
| $45.3M | 0.01% |
17,776,512
+11,705,248
| +193% | +$16.9M |
|
912
iShares TIPS Bond ETF
TIP
$15.1B
| $45.3M | 0.01% |
357,856
+309,842
| +645% | +$38.9M |
|
913
CALL
Toll Brothers
TOL
$13.9B
| $45.3M | 0.01% |
930,300
+305,100
| +49% | +$12.3M |
|
914
CALL
Nucor
NUE
$56.2B
| $45.2M | 0.01% |
1,006,700
-198,200
| -16% | -$8.78M |
|
915
Freeport-McMoran
FCX
$115B
| $45.1M | 0.01% |
2,881,848
-961,799
| -25% | -$13.9M |
|
|
SCHW
916
CALL
Charles Schwab
SCHW
$194B
| $45M | 0.01% |
1,242,300
+24,900
| +2% | +$866K |
|
|
XYZ
917
Block Inc
XYZ
$49.7B
| $45M | 0.01% |
276,840
-16,215
| -6% | -$2.29M |
|
918
PUT
Cencora
COR
$62.6B
| $44.9M | 0.01% |
463,500
+155,100
| +50% | +$15.4M |
|
919
CALL
Royal Bank of Canada
RY
$288B
| $44.8M | 0.01% |
639,300
-192,700
| -23% | -$13.9M |
|
920
Skyworks Solutions
SWKS
$9.89B
| $44.8M | 0.01% |
307,628
-186,561
| -38% | -$25.9M |
|
921
CALL
US Bancorp
USB
$97.2B
| $44.7M | 0.01% |
1,247,700
+210,800
| +20% | +$7.71M |
|
922
PUT
W.W. Grainger
GWW
$61.3B
| $44.7M | 0.01% |
125,200
+2,200
| +2% | +$758K |
|
923
CALL
HP
HPQ
$27B
| $44.7M | 0.01% |
2,351,300
+108,200
| +5% | +$1.97M |
|
924
CALL
Archer Daniels Midland
ADM
$38.2B
| $44.6M | 0.01% |
960,200
-52,600
| -5% | -$2.3M |
|
|
KL
925
PUT
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $44.6M | 0.01% |
914,500
+146,400
| +19% | +$7.33M |
|
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.