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 | Miscellaneous | 92.99% |
| 2 | Technology | 1.99% |
| 3 | Consumer Discretionary | 1.08% |
| 4 | Financials | 1% |
| 5 | Communication Services | 0.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
iShares Russell 2000 Value ETF
IWN
$14.7B
| $12.1M | ﹤0.01% |
121,825
+52,047
| +75% | +$5.29M |
|
1952
PUT
FMC
FMC
$1.33B
| $12.1M | ﹤0.01% |
114,100
+58,100
| +104% | +$6.22M |
|
1953
PUT
Bread Financial
BFH
$4.15B
| $12M | ﹤0.01% |
359,611
-148,731
| -29% | -$5.29M |
|
|
VAR
1954
CALL
DELISTED
Varian Medical Systems, Inc.
VAR
| $12M | ﹤0.01% |
69,800
+39,600
| +131% | +$6.23M |
|
1955
HP
HPQ
$26.7B
| $12M | ﹤0.01% |
632,122
-282,085
| -31% | -$5.15M |
|
1956
PUT
Arrowhead Research
ARWR
$12.5B
| $12M | ﹤0.01% |
278,500
-59,000
| -17% | -$2.55M |
|
1957
CALL
US Global Jets ETF
JETS
$788M
| $12M | ﹤0.01% |
708,600
+103,400
| +17% | +$1.76M |
|
1958
CALL
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $12M | ﹤0.01% |
89,600
+13,200
| +17% | +$1.76M |
|
|
IMMU
1959
DELISTED
Immunomedics Inc
IMMU
| $12M | ﹤0.01% |
140,618
-35,568
| -20% | -$1.8M |
|
|
SAGE
1960
CALL
DELISTED
Sage Therapeutics
SAGE
| $12M | ﹤0.01% |
195,600
+92,600
| +90% | +$4.69M |
|
1961
PUT
BJs Wholesale Club
BJ
$11.4B
| $11.9M | ﹤0.01% |
287,500
+86,400
| +43% | +$3.57M |
|
1962
PUT
ProShares UltraPro Dow 30
UDOW
$873M
| $11.9M | ﹤0.01% |
613,200
+156,000
| +34% | +$2.91M |
|
1963
PUT
Nutrien
NTR
$34.9B
| $11.9M | ﹤0.01% |
303,500
-111,900
| -27% | -$4.07M |
|
1964
CALL
Cirrus Logic
CRUS
$5.56B
| $11.9M | ﹤0.01% |
176,400
+49,600
| +39% | +$3.11M |
|
1965
PUT
Aramark
ARMK
$15.5B
| $11.9M | ﹤0.01% |
622,696
-158,860
| -20% | -$2.83M |
|
1966
CALL
Canadian Imperial Bank of Commerce
CM
$104B
| $11.9M | ﹤0.01% |
318,200
-405,400
| -56% | -$14.8M |
|
1967
Cognizant
CTSH
$28.7B
| $11.9M | ﹤0.01% |
170,942
-5,209
| -3% | -$339K |
|
1968
Paycom
PAYC
$10.7B
| $11.8M | ﹤0.01% |
38,031
+19,418
| +104% | +$5.67M |
|
1969
PUT
WD-40
WDFC
$2.94B
| $11.8M | ﹤0.01% |
62,500
+1,100
| +2% | +$216K |
|
|
IGMS
1970
CALL
DELISTED
IGM Biosciences
IGMS
| $11.8M | ﹤0.01% |
+160,100
| New | +$9.48M |
|
1971
PUT
Yum China
YUMC
$15.3B
| $11.8M | ﹤0.01% |
223,100
-45,000
| -17% | -$2.38M |
|
|
BLUE
1972
PUT
DELISTED
bluebird bio
BLUE
| $11.8M | ﹤0.01% |
16,868
+4,516
| +37% | +$3.52M |
|
1973
PUT
Nasdaq
NDAQ
$55.5B
| $11.8M | ﹤0.01% |
288,000
+137,100
| +91% | +$5.85M |
|
|
CTLT
1974
CALL
DELISTED
CATALENT, INC.
CTLT
| $11.8M | ﹤0.01% |
137,500
+61,800
| +82% | +$5.23M |
|
1975
CALL
Roper Technologies
ROP
$41.8B
| $11.8M | ﹤0.01% |
29,800
-800
| -3% | -$333K |
|
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's Q3 2020 filing shows 1,567 new, 4,405 increased, 4,403 reduced and 1,138 closed positions. Its largest new stake was iShares iBoxx $ Investment Grade Corporate Bond ETF: 2,104,687 shares worth $284M. The largest sale was Invesco QQQ Trust, an estimated $3.18B.
By sector, the portfolio is most concentrated in Miscellaneous at 93% of assets, up from 92% a quarter earlier, followed by Technology and Consumer Discretionary.
- 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.