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 | |
|---|---|---|---|---|---|---|
176
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.3B
| $425M | 0.08% |
28,380,600
+6,232,200
| +28% | +$111M |
|
177
CALL
Lam Research
LRCX
$383B
| $424M | 0.08% |
12,779,000
+5,237,000
| +69% | +$180M |
|
178
CALL
Teladoc Health
TDOC
$1.14B
| $422M | 0.08% |
1,922,900
+1,046,000
| +119% | +$222M |
|
179
CALL
T-Mobile US
TMUS
$197B
| $420M | 0.08% |
3,671,200
+1,000,700
| +37% | +$111M |
|
|
180
CALL
Citigroup
C
$221B
| $419M | 0.08% |
9,709,700
-1,480,800
| -13% | -$73.8M |
|
181
PUT
Biogen
BIIB
$31.7B
| $415M | 0.08% |
1,463,500
-56,900
| -4% | -$15.9M |
|
182
CALL
Target
TGT
$77.4B
| $412M | 0.08% |
2,619,200
+579,600
| +28% | +$79.5M |
|
183
PUT
Regeneron Pharmaceuticals
REGN
$84.9B
| $407M | 0.08% |
727,200
+21,400
| +3% | +$13M |
|
184
CALL
Verizon
VZ
$208B
| $399M | 0.08% |
6,706,100
+759,600
| +13% | +$44.1M |
|
185
CALL
IBM
IBM
$219B
| $392M | 0.08% |
3,366,237
-104,077
| -3% | -$12.3M |
|
186
CALL
NIO
NIO
$11B
| $391M | 0.07% |
18,438,100
+8,091,400
| +78% | +$125M |
|
187
CALL
Coca-Cola
KO
$395B
| $391M | 0.07% |
7,919,300
+1,094,500
| +16% | +$52.6M |
|
188
PUT
McDonald's
MCD
$193B
| $390M | 0.07% |
1,777,700
-380,400
| -18% | -$78.1M |
|
189
PUT
Twilio
TWLO
$34.3B
| $389M | 0.07% |
1,572,800
-557,100
| -26% | -$137M |
|
190
Gilead Sciences
GILD
$181B
| $387M | 0.07% |
6,130,094
+2,480,735
| +68% | +$172M |
|
191
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.3B
| $382M | 0.07% |
3,625,400
+380,800
| +12% | +$40.1M |
|
192
PUT
United Parcel Service
UPS
$86.9B
| $381M | 0.07% |
2,289,300
+1,052,700
| +85% | +$153M |
|
193
PUT
Uber
UBER
$160B
| $380M | 0.07% |
10,417,500
-1,554,000
| -13% | -$51.3M |
|
194
CALL
Datadog
DDOG
$82.1B
| $379M | 0.07% |
3,706,000
+1,681,700
| +83% | +$146M |
|
195
PUT
iShares Silver Trust
SLV
$33.5B
| $377M | 0.07% |
17,433,100
+14,429,900
| +480% | +$328M |
|
196
PUT
CVS Health
CVS
$119B
| $374M | 0.07% |
6,411,100
+2,337,300
| +57% | +$145M |
|
197
PUT
RH
RH
$2.71B
| $370M | 0.07% |
967,300
+49,200
| +5% | +$15.5M |
|
|
B
198
PUT
Barrick Mining
B
$78.7B
| $370M | 0.07% |
13,147,500
+4,617,700
| +54% | +$132M |
|
199
PUT
Carvana
CVNA
$78.5B
| $367M | 0.07% |
8,223,000
+5,202,500
| +172% | +$184M |
|
200
CALL
Chevron
CVX
$398B
| $366M | 0.07% |
5,090,200
-1,527,600
| -23% | -$128M |
|
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.