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 | |
|---|---|---|---|---|---|---|
151
CALL
VanEck Gold Miners ETF
GDX
$31.6B
| $501M | 0.1% |
12,717,600
-2,639,600
| -17% | -$108M |
|
152
CALL
Sea Limited
SE
$71.2B
| $496M | 0.1% |
3,219,600
+1,017,400
| +46% | +$137M |
|
153
PUT
lululemon athletica
LULU
$13.8B
| $492M | 0.09% |
1,494,100
+254,700
| +21% | +$85M |
|
154
CALL
Caterpillar
CAT
$372B
| $492M | 0.09% |
3,296,400
+1,179,500
| +56% | +$166M |
|
155
CALL
Snap
SNAP
$9.22B
| $485M | 0.09% |
18,568,900
+2,960,700
| +19% | +$68.9M |
|
156
PUT
Teladoc Health
TDOC
$1.15B
| $484M | 0.09% |
2,208,900
+1,175,000
| +114% | +$249M |
|
157
CALL
PepsiCo
PEP
$198B
| $484M | 0.09% |
3,493,300
+874,900
| +33% | +$119M |
|
158
PUT
AutoZone
AZO
$49B
| $482M | 0.09% |
409,400
+100,400
| +32% | +$119M |
|
159
CALL
Qualcomm
QCOM
$165B
| $481M | 0.09% |
4,087,600
-36,000
| -0.9% | -$3.85M |
|
160
CALL
CrowdStrike
CRWD
$195B
| $480M | 0.09% |
13,986,000
+2,873,600
| +26% | +$83.7M |
|
161
CALL
McDonald's
MCD
$193B
| $475M | 0.09% |
2,164,900
-315,700
| -13% | -$64.8M |
|
162
Advanced Micro Devices
AMD
$751B
| $469M | 0.09% |
5,717,843
-3,621,369
| -39% | -$269M |
|
163
CALL
ProShares UltraPro QQQ
TQQQ
$34.9B
| $468M | 0.09% |
28,619,200
+6,731,200
| +31% | +$106M |
|
164
PUT
Trade Desk
TTD
$6.27B
| $465M | 0.09% |
8,961,000
-3,301,000
| -27% | -$151M |
|
165
CALL
Wayfair
W
$14.1B
| $462M | 0.09% |
1,589,000
+524,900
| +49% | +$144M |
|
166
PUT
TSMC
TSM
$2.12T
| $454M | 0.09% |
5,602,000
+2,447,600
| +78% | +$186M |
|
167
PUT
Morgan Stanley
MS
$338B
| $450M | 0.09% |
9,313,500
-1,988,100
| -18% | -$100M |
|
168
iShares MSCI EAFE ETF
EFA
$79.8B
| $446M | 0.09% |
7,013,334
-923,173
| -12% | -$59.1M |
|
169
CALL
UnitedHealth
UNH
$355B
| $442M | 0.08% |
1,419,200
-524,600
| -27% | -$161M |
|
170
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $442M | 0.08% |
18,343,100
-3,873,500
| -17% | -$94.2M |
|
171
Visa
V
$711B
| $441M | 0.08% |
2,206,988
+614,664
| +39% | +$123M |
|
|
172
PUT
Wayfair
W
$14.1B
| $439M | 0.08% |
1,507,100
-383,500
| -20% | -$105M |
|
173
PUT
Coca-Cola
KO
$395B
| $437M | 0.08% |
8,856,100
+217,800
| +3% | +$10.5M |
|
174
CALL
JD.com
JD
$39.4B
| $430M | 0.08% |
5,546,800
+591,900
| +12% | +$41.1M |
|
175
CALL
Spotify
SPOT
$110B
| $429M | 0.08% |
1,769,200
+20,100
| +1% | +$5.19M |
|
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.