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 | |
|---|---|---|---|---|---|---|
201
PUT
Zscaler
ZS
$28.6B
| $365M | 0.07% |
2,596,400
+770,600
| +42% | +$100M |
|
202
PUT
Sea Limited
SE
$71.3B
| $365M | 0.07% |
2,367,800
+585,400
| +33% | +$79M |
|
203
CALL
Biogen
BIIB
$31.7B
| $363M | 0.07% |
1,280,800
+201,100
| +19% | +$56.1M |
|
204
CALL
Broadcom
AVGO
$1.72T
| $363M | 0.07% |
9,953,000
-6,389,000
| -39% | -$214M |
|
205
Adobe
ADBE
$109B
| $361M | 0.07% |
735,848
+102,308
| +16% | +$47.6M |
|
206
CALL
Amgen
AMGN
$238B
| $360M | 0.07% |
1,416,000
-81,100
| -5% | -$20.1M |
|
207
Shopify
SHOP
$192B
| $360M | 0.07% |
3,516,880
+1,263,540
| +56% | +$126M |
|
208
PUT
IBM
IBM
$219B
| $360M | 0.07% |
3,091,767
-471,955
| -13% | -$55.6M |
|
209
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.77B
| $358M | 0.07% |
8,507,500
-294,500
| -3% | -$14.8M |
|
210
Pfizer
PFE
$160B
| $357M | 0.07% |
10,239,897
-545,838
| -5% | -$19.1M |
|
211
PUT
Procter & Gamble
PG
$339B
| $354M | 0.07% |
2,549,700
-77,500
| -3% | -$10.3M |
|
212
CALL
AT&T
T
$176B
| $353M | 0.07% |
16,410,715
-1,768,467
| -10% | -$39.5M |
|
213
PUT
Target
TGT
$77.4B
| $347M | 0.07% |
2,206,300
-166,100
| -7% | -$22.8M |
|
214
State Street Financial Select Sector SPDR ETF
XLF
$56.6B
| $347M | 0.07% |
14,427,327
-5,545
| -0% | -$135K |
|
215
CALL
AutoZone
AZO
$48.7B
| $346M | 0.07% |
294,200
+50,500
| +21% | +$59.7M |
|
216
PUT
PepsiCo
PEP
$198B
| $346M | 0.07% |
2,496,800
+651,500
| +35% | +$88.6M |
|
217
PUT
iShares MSCI Brazil ETF
EWZ
$8.1B
| $345M | 0.07% |
12,464,900
+5,147,500
| +70% | +$158M |
|
218
CALL
RH
RH
$2.71B
| $344M | 0.07% |
899,800
-7,900
| -0.9% | -$2.49M |
|
219
CALL
Comcast
CMCSA
$96.2B
| $344M | 0.07% |
7,438,600
+2,609,500
| +54% | +$113M |
|
220
CALL
Gilead Sciences
GILD
$181B
| $344M | 0.07% |
5,437,200
-250,800
| -4% | -$17.4M |
|
221
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$136M
| $343M | 0.07% |
214,998
+3,487
| +2% | +$6.2M |
|
222
CALL
Baidu
BIDU
$31.4B
| $342M | 0.07% |
2,703,600
+65,600
| +2% | +$8.13M |
|
|
223
Procter & Gamble
PG
$339B
| $342M | 0.07% |
2,461,003
+988,787
| +67% | +$131M |
|
224
CALL
Oracle
ORCL
$413B
| $341M | 0.07% |
5,716,800
+671,600
| +13% | +$38.2M |
|
225
Zoom
ZM
$30.4B
| $341M | 0.07% |
724,826
+602,335
| +492% | +$193M |
|
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.