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 | |
|---|---|---|---|---|---|---|
76
CALL
Mastercard
MA
$522B
| $845M | 0.16% |
2,498,800
+312,900
| +14% | +$102M |
|
77
PUT
Walmart Inc
WMT
$835B
| $839M | 0.16% |
17,982,600
+5,665,800
| +46% | +$252M |
|
|
78
Alphabet (Google) Class A
GOOGL
$4.29T
| $832M | 0.16% |
11,354,560
-6,993,520
| -38% | -$533M |
|
79
CALL
PayPal
PYPL
$53B
| $824M | 0.16% |
4,183,700
+804,200
| +24% | +$151M |
|
80
CALL
Mercado Libre
MELI
$100B
| $820M | 0.16% |
757,800
+199,000
| +36% | +$216M |
|
|
81
Citigroup
C
$221B
| $820M | 0.16% |
19,025,265
+7,744,000
| +69% | +$386M |
|
82
PUT
Home Depot
HD
$336B
| $785M | 0.15% |
2,826,800
-539,400
| -16% | -$146M |
|
83
Alibaba
BABA
$286B
| $769M | 0.15% |
2,614,627
-708,796
| -21% | -$187M |
|
84
CALL
Uber
UBER
$161B
| $765M | 0.15% |
20,972,900
+7,217,900
| +52% | +$238M |
|
|
85
PUT
Berkshire Hathaway Class B
BRK.B
$1.07T
| $764M | 0.15% |
3,586,500
-2,556,800
| -42% | -$523M |
|
86
PUT
VanEck Gold Miners ETF
GDX
$31.7B
| $751M | 0.14% |
19,069,000
+3,700,600
| +24% | +$151M |
|
87
PUT
United States Oil Fund
USO
$2.06B
| $737M | 0.14% |
26,051,900
-13,871,200
| -35% | -$406M |
|
88
PUT
ServiceNow
NOW
$133B
| $730M | 0.14% |
7,528,500
+697,500
| +10% | +$62.3M |
|
89
Meta Platforms (Facebook)
META
$1.42T
| $699M | 0.13% |
2,668,717
-109,181
| -4% | -$28.2M |
|
90
PUT
Micron Technology
MU
$1.03T
| $684M | 0.13% |
14,574,500
+2,552,600
| +21% | +$124M |
|
91
Bank of America
BAC
$436B
| $683M | 0.13% |
28,338,285
+1,127,553
| +4% | +$28.1M |
|
92
Microsoft
MSFT
$3.64T
| $679M | 0.13% |
3,227,365
+1,279,391
| +66% | +$269M |
|
93
CALL
Roku
ROKU
$23.5B
| $677M | 0.13% |
3,584,300
-569,800
| -14% | -$90.1M |
|
94
PUT
ExxonMobil
XOM
$669B
| $676M | 0.13% |
19,688,900
+6,372,700
| +48% | +$261M |
|
|
95
iShares Russell 2000 ETF
IWM
$81.5B
| $671M | 0.13% |
4,479,417
-9,670,476
| -68% | -$1.45B |
|
96
PUT
Beyond Meat
BYND
$247M
| $669M | 0.13% |
134,363
-29,880
| -18% | -$121M |
|
97
NVIDIA
NVDA
$5.09T
| $668M | 0.13% |
49,348,920
-40,711,760
| -45% | -$474M |
|
|
DOCU
98
CALL
DocuSign
DOCU
$11.9B
| $658M | 0.13% |
3,055,300
+1,088,400
| +55% | +$226M |
|
99
CALL
United Parcel Service
UPS
$87B
| $656M | 0.13% |
3,937,100
+136,300
| +4% | +$19.8M |
|
100
CALL
Trade Desk
TTD
$6.27B
| $655M | 0.13% |
12,629,000
-1,480,000
| -10% | -$67.6M |
|
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.