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 | |
|---|---|---|---|---|---|---|
|
1
CALL
Amazon
AMZN
$2.79T
| $28.7B | 5.51% |
182,588,000
+33,108,000
| +22% | +$5.22B |
|
2
PUT
Tesla
TSLA
$1.43T
| $27.7B | 5.31% |
193,766,400
-41,177,100
| -18% | -$4.86B |
|
|
3
CALL
Tesla
TSLA
$1.43T
| $23.3B | 4.46% |
162,905,400
-10,023,600
| -6% | -$1.18B |
|
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $21.9B | 4.19% |
65,308,400
+3,235,800
| +5% | +$1.07B |
|
|
5
PUT
Amazon
AMZN
$2.79T
| $20.5B | 3.93% |
130,368,000
+22,392,000
| +21% | +$3.53B |
|
|
6
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $15.5B | 2.96% |
46,137,900
-394,900
| -0.8% | -$131M |
|
|
7
CALL
Apple
AAPL
$4.51T
| $10.9B | 2.08% |
93,782,500
-584,300
| -0.6% | -$63.8M |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $9.85B | 1.89% |
35,442,300
+11,272,500
| +47% | +$3.06B |
|
|
9
PUT
Invesco QQQ Trust
QQQ
$486B
| $9.6B | 1.84% |
34,550,500
+9,983,900
| +41% | +$2.71B |
|
|
10
PUT
Apple
AAPL
$4.51T
| $8.96B | 1.72% |
77,379,500
+25,069,100
| +48% | +$2.74B |
|
11
CALL
Microsoft
MSFT
$3.59T
| $5.44B | 1.04% |
25,869,400
+5,543,400
| +27% | +$1.16B |
|
12
CALL
Meta Platforms (Facebook)
META
$1.4T
| $5.17B | 0.99% |
19,740,900
+6,750,100
| +52% | +$1.74B |
|
13
CALL
NVIDIA
NVDA
$5.2T
| $5B | 0.96% |
369,272,000
+183,140,000
| +98% | +$2.13B |
|
14
CALL
Alibaba
BABA
$286B
| $4.98B | 0.95% |
16,943,400
+2,848,100
| +20% | +$750M |
|
|
15
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $4.83B | 0.93% |
32,253,400
-8,900,700
| -22% | -$1.34B |
|
|
16
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $4.79B | 0.92% |
14,308,356
-7,399,523
| -34% | -$2.45B |
|
|
17
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $4.48B | 0.86% |
60,914,000
+36,732,000
| +152% | +$2.8B |
|
|
18
PUT
Microsoft
MSFT
$3.59T
| $4.23B | 0.81% |
20,118,400
+7,123,400
| +55% | +$1.5B |
|
|
19
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $4.2B | 0.8% |
57,282,000
+13,464,000
| +31% | +$1.03B |
|
|
20
PUT
NVIDIA
NVDA
$5.2T
| $3.98B | 0.76% |
293,796,000
+48,784,000
| +20% | +$568M |
|
|
21
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $3.91B | 0.75% |
53,338,000
+18,842,000
| +55% | +$1.44B |
|
|
22
Apple
AAPL
$4.51T
| $3.3B | 0.63% |
28,459,199
+24,412,839
| +603% | +$2.66B |
|
23
CALL
Netflix
NFLX
$331B
| $3.29B | 0.63% |
65,817,000
+20,428,000
| +45% | +$1.02B |
|
|
24
PUT
Meta Platforms (Facebook)
META
$1.4T
| $2.92B | 0.56% |
11,154,500
+215,100
| +2% | +$55.5M |
|
|
25
PUT
Alibaba
BABA
$286B
| $2.63B | 0.5% |
8,952,900
-315,600
| -3% | -$83.2M |
|
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.