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 | |
|---|---|---|---|---|---|---|
101
PUT
CrowdStrike
CRWD
$195B
| $653M | 0.13% |
19,007,600
+6,183,600
| +48% | +$180M |
|
|
DOCU
102
PUT
DocuSign
DOCU
$11.8B
| $642M | 0.12% |
2,980,800
+1,106,700
| +59% | +$230M |
|
103
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $640M | 0.12% |
7,630,500
-1,232,100
| -14% | -$104M |
|
104
JPMorgan Chase
JPM
$935B
| $640M | 0.12% |
6,649,025
-1,704,629
| -20% | -$167M |
|
105
CALL
Johnson & Johnson
JNJ
$651B
| $628M | 0.12% |
4,217,900
+463,900
| +12% | +$68.6M |
|
106
CALL
Bank of America
BAC
$431B
| $622M | 0.12% |
25,800,100
+806,900
| +3% | +$20.1M |
|
107
PUT
AT&T
T
$173B
| $618M | 0.12% |
28,688,829
+5,189,550
| +22% | +$116M |
|
|
108
Wells Fargo
WFC
$254B
| $618M | 0.12% |
26,274,170
+11,695,766
| +80% | +$288M |
|
109
VanEck Gold Miners ETF
GDX
$31.8B
| $617M | 0.12% |
15,767,926
+5,383,965
| +52% | +$219M |
|
|
110
PUT
Johnson & Johnson
JNJ
$651B
| $617M | 0.12% |
4,143,800
+287,900
| +7% | +$42.6M |
|
111
PUT
JD.com
JD
$39.7B
| $616M | 0.12% |
7,934,900
+1,293,000
| +19% | +$89.8M |
|
112
CALL
Charter Communications
CHTR
$17.9B
| $613M | 0.12% |
982,300
+248,500
| +34% | +$147M |
|
113
CALL
Procter & Gamble
PG
$336B
| $610M | 0.12% |
4,386,900
+343,500
| +8% | +$45.6M |
|
114
PUT
UnitedHealth
UNH
$350B
| $609M | 0.12% |
1,954,800
-387,100
| -17% | -$119M |
|
115
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $603M | 0.12% |
13,669,400
-5,038,800
| -27% | -$221M |
|
116
PUT
Peloton Interactive
PTON
$2.37B
| $597M | 0.11% |
6,017,500
+1,337,700
| +29% | +$98.4M |
|
117
PUT
Broadcom
AVGO
$1.75T
| $592M | 0.11% |
16,263,000
+253,000
| +2% | +$8.47M |
|
118
PUT
Cisco
CSCO
$438B
| $591M | 0.11% |
15,002,400
+3,291,400
| +28% | +$143M |
|
119
United States Oil Fund
USO
$2.24B
| $585M | 0.11% |
20,674,759
+9,571,543
| +86% | +$280M |
|
120
CALL
CVS Health
CVS
$119B
| $585M | 0.11% |
10,015,000
+298,100
| +3% | +$18.5M |
|
121
PUT
Roku
ROKU
$23.4B
| $584M | 0.11% |
3,091,600
-474,600
| -13% | -$75M |
|
122
PUT
FedEx
FDX
$76.9B
| $583M | 0.11% |
2,318,300
+168,000
| +8% | +$33.6M |
|
123
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $580M | 0.11% |
9,107,200
-1,656,600
| -15% | -$106M |
|
124
PUT
Gilead Sciences
GILD
$181B
| $579M | 0.11% |
9,159,900
+1,995,400
| +28% | +$138M |
|
125
PUT
Nike
NKE
$60.5B
| $578M | 0.11% |
4,606,100
+16,500
| +0.4% | +$1.77M |
|
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.