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 | |
|---|---|---|---|---|---|---|
126
CALL
iShares Silver Trust
SLV
$33.3B
| $577M | 0.11% |
26,643,500
+19,454,700
| +271% | +$442M |
|
127
CALL
Goldman Sachs
GS
$301B
| $575M | 0.11% |
2,860,100
+136,300
| +5% | +$27.7M |
|
128
PUT
Qualcomm
QCOM
$165B
| $571M | 0.11% |
4,854,400
-134,800
| -3% | -$14.4M |
|
129
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.76B
| $568M | 0.11% |
13,496,500
-2,290,100
| -15% | -$115M |
|
|
130
PUT
Wells Fargo
WFC
$256B
| $567M | 0.11% |
24,127,600
+2,322,500
| +11% | +$57.2M |
|
|
131
PUT
Goldman Sachs
GS
$301B
| $554M | 0.11% |
2,758,900
+159,900
| +6% | +$32.5M |
|
132
CALL
Beyond Meat
BYND
$247M
| $552M | 0.11% |
110,877
-5,680
| -5% | -$23.1M |
|
133
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.4B
| $548M | 0.11% |
4,907,500
-1,654,000
| -25% | -$185M |
|
134
CALL
Peloton Interactive
PTON
$2.38B
| $545M | 0.1% |
5,487,100
+2,194,300
| +67% | +$161M |
|
135
PUT
iShares China Large-Cap ETF
FXI
$4.24B
| $541M | 0.1% |
12,887,000
-745,500
| -5% | -$32M |
|
136
CALL
Intuitive Surgical
ISRG
$133B
| $533M | 0.1% |
2,254,500
+528,300
| +31% | +$119M |
|
137
PUT
Lam Research
LRCX
$383B
| $531M | 0.1% |
16,017,000
+2,552,000
| +19% | +$87.9M |
|
138
CALL
lululemon athletica
LULU
$13.8B
| $530M | 0.1% |
1,610,300
-213,500
| -12% | -$71.2M |
|
139
PUT
State Street Technology Select Sector SPDR ETF
XLK
$118B
| $523M | 0.1% |
8,965,200
-1,373,800
| -13% | -$77.6M |
|
140
CALL
Nike
NKE
$60.7B
| $520M | 0.1% |
4,139,300
+996,600
| +32% | +$107M |
|
|
141
PUT
Intuitive Surgical
ISRG
$133B
| $519M | 0.1% |
2,194,200
+321,900
| +17% | +$72.3M |
|
142
CALL
ServiceNow
NOW
$133B
| $517M | 0.1% |
5,328,500
-1,206,000
| -18% | -$108M |
|
143
CALL
Twilio
TWLO
$34B
| $513M | 0.1% |
2,076,400
+472,900
| +29% | +$117M |
|
144
PUT
NIO
NIO
$11.1B
| $512M | 0.1% |
24,127,100
+15,938,400
| +195% | +$245M |
|
145
Walt Disney
DIS
$190B
| $510M | 0.1% |
4,106,692
-2,127,783
| -34% | -$266M |
|
146
CALL
Micron Technology
MU
$1.03T
| $509M | 0.1% |
10,829,100
+3,922,500
| +57% | +$190M |
|
|
147
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $505M | 0.1% |
3,750,000
+2,106,400
| +128% | +$287M |
|
148
PUT
AbbVie
ABBV
$467B
| $505M | 0.1% |
5,765,700
+255,600
| +5% | +$24.1M |
|
149
PUT
Pfizer
PFE
$159B
| $502M | 0.1% |
14,416,717
+1,137,476
| +9% | +$39.9M |
|
150
PUT
Starbucks
SBUX
$123B
| $501M | 0.1% |
5,832,200
-779,100
| -12% | -$62.1M |
|
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.