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 | |
|---|---|---|---|---|---|---|
1401
CALL
Royal Gold
RGLD
$22.5B
| $21.7M | ﹤0.01% |
180,300
-211,100
| -54% | -$27.7M |
|
1402
Cleveland-Cliffs
CLF
$6.58B
| $21.7M | ﹤0.01% |
3,373,744
+494,146
| +17% | +$2.97M |
|
1403
PUT
Illinois Tool Works
ITW
$81.3B
| $21.7M | ﹤0.01% |
112,100
-52,200
| -32% | -$9.92M |
|
1404
CALL
Oneok
OKE
$59.8B
| $21.6M | ﹤0.01% |
833,000
-11,800
| -1% | -$329K |
|
|
GOOS
1405
PUT
Canada Goose Holdings
GOOS
$793M
| $21.6M | ﹤0.01% |
672,500
+46,700
| +7% | +$1.15M |
|
1406
PUT
United States Natural Gas Fund
UNG
$524M
| $21.6M | ﹤0.01% |
473,800
-201,525
| -30% | -$9.64M |
|
1407
PUT
Williams-Sonoma
WSM
$28B
| $21.5M | ﹤0.01% |
475,800
+267,600
| +129% | +$11.9M |
|
1408
Okta
OKTA
$23.4B
| $21.5M | ﹤0.01% |
100,545
+10,265
| +11% | +$2.14M |
|
1409
CALL
KraneShares CSI China Internet ETF
KWEB
$5.19B
| $21.5M | ﹤0.01% |
315,100
-52,600
| -14% | -$3.57M |
|
1410
CALL
Apollo Global Management
APO
$78.9B
| $21.5M | ﹤0.01% |
479,700
-577,700
| -55% | -$27.8M |
|
1411
CALL
Ecolab
ECL
$81.5B
| $21.5M | ﹤0.01% |
107,400
+3,000
| +3% | +$599K |
|
1412
CALL
Charles River Laboratories
CRL
$14.1B
| $21.4M | ﹤0.01% |
94,500
-129,600
| -58% | -$26.9M |
|
1413
PUT
AngloGold Ashanti
AU
$59.7B
| $21.4M | ﹤0.01% |
810,800
+261,700
| +48% | +$7.83M |
|
1414
United Parcel Service
UPS
$89.9B
| $21.4M | ﹤0.01% |
128,349
+93,270
| +266% | +$13.6M |
|
1415
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$295M
| $21.3M | ﹤0.01% |
1,359,700
-470,500
| -26% | -$7.23M |
|
1416
PUT
XPO
XPO
$22.5B
| $21.3M | ﹤0.01% |
728,920
+291,163
| +67% | +$8.38M |
|
|
ZEN
1417
PUT
DELISTED
ZENDESK INC
ZEN
| $21.3M | ﹤0.01% |
207,100
+1,600
| +0.8% | +$150K |
|
|
X
1418
CALL
DELISTED
US Steel
X
| $21.3M | ﹤0.01% |
2,897,300
-362,200
| -11% | -$2.74M |
|
|
JKS
1419
JinkoSolar
JKS
$715M
| $21.3M | ﹤0.01% |
534,841
+338,907
| +173% | +$7.77M |
|
|
HBI
1420
CALL
DELISTED
Hanesbrands
HBI
| $21.1M | ﹤0.01% |
1,342,500
-724,100
| -35% | -$10.6M |
|
1421
CALL
Exelon
EXC
$45.8B
| $21.1M | ﹤0.01% |
826,479
-699,177
| -46% | -$18.5M |
|
|
BIG
1422
CALL
DELISTED
Big Lots, Inc.
BIG
| $21.1M | ﹤0.01% |
472,600
+28,200
| +6% | +$1.27M |
|
1423
Texas Instruments
TXN
$239B
| $21M | ﹤0.01% |
147,229
-407,711
| -73% | -$55.4M |
|
1424
PUT
Warner Bros
WBD
$72.1B
| $21M | ﹤0.01% |
962,900
+158,700
| +20% | +$3.47M |
|
1425
CALL
Boston Scientific
BSX
$69.8B
| $20.9M | ﹤0.01% |
547,800
-262,400
| -32% | -$10.1M |
|
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.