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 |
Invesco QQQ Trust
QQQ
|
+$2.33B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$1.22B |
| 3 |
JPMorgan Chase
JPM
|
+$761M |
| 4 |
Bank of America
BAC
|
+$427M |
| 5 |
Alibaba
BABA
|
+$327M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.49B |
| 2 |
Apple
AAPL
|
+$1.26B |
| 3 |
Microsoft
MSFT
|
+$685M |
| 4 |
Tesla
TSLA
|
+$478M |
| 5 |
Netflix
NFLX
|
+$297M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.62% |
| 2 | Communication Services | 1.38% |
| 3 | Financials | 1.25% |
| 4 | Consumer Discretionary | 1.12% |
| 5 | Healthcare | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
CALL
Lockheed Martin
LMT
$130B
| $286M | 0.07% |
783,700
+4,700
| +0.6% | +$1.78M |
|
227
PUT
Target
TGT
$75.1B
| $285M | 0.07% |
2,372,400
-918,900
| -28% | -$105M |
|
228
Gilead Sciences
GILD
$181B
| $281M | 0.07% |
3,649,359
-951,933
| -21% | -$73M |
|
229
CALL
Oracle
ORCL
$422B
| $279M | 0.07% |
5,045,200
+1,127,000
| +29% | +$59.7M |
|
230
CALL
CrowdStrike
CRWD
$195B
| $279M | 0.07% |
11,112,400
+2,920,000
| +36% | +$58.5M |
|
231
CALL
T-Mobile US
TMUS
$196B
| $278M | 0.07% |
2,670,500
+1,287,300
| +93% | +$123M |
|
232
Adobe
ADBE
$109B
| $276M | 0.07% |
633,540
+269,757
| +74% | +$100M |
|
233
PUT
Match Group
MTCH
$9.38B
| $276M | 0.07% |
2,573,900
+1,490,800
| +138% | +$125M |
|
234
CALL
AutoZone
AZO
$48.3B
| $275M | 0.07% |
243,700
+25,600
| +12% | +$27M |
|
235
PUT
Delta Air Lines
DAL
$54.2B
| $274M | 0.07% |
9,773,100
+2,111,900
| +28% | +$53.7M |
|
236
CALL
Lowe's Companies
LOW
$121B
| $273M | 0.07% |
2,021,800
-148,800
| -7% | -$17M |
|
237
PUT
Baidu
BIDU
$31.6B
| $271M | 0.07% |
2,263,000
+227,800
| +11% | +$24.4M |
|
238
PUT
Peloton Interactive
PTON
$2.37B
| $270M | 0.07% |
4,679,800
+3,289,100
| +237% | +$136M |
|
239
Trade Desk
TTD
$6.19B
| $269M | 0.06% |
6,623,910
+688,940
| +12% | +$20.8M |
|
|
240
CALL
Delta Air Lines
DAL
$54.2B
| $268M | 0.06% |
9,559,900
+3,072,800
| +47% | +$78.2M |
|
241
CALL
Okta
OKTA
$23.5B
| $268M | 0.06% |
1,339,000
+578,000
| +76% | +$98.1M |
|
242
PUT
Humana
HUM
$45.5B
| $268M | 0.06% |
690,700
+121,500
| +21% | +$45.5M |
|
243
CALL
Caterpillar
CAT
$381B
| $268M | 0.06% |
2,116,900
+440,700
| +26% | +$52.2M |
|
244
CALL
ProShares UltraPro QQQ
TQQQ
$35.7B
| $267M | 0.06% |
21,888,000
+12,520,000
| +134% | +$118M |
|
245
PUT
Charter Communications
CHTR
$17.9B
| $266M | 0.06% |
522,100
-51,500
| -9% | -$26.1M |
|
246
PUT
CVS Health
CVS
$119B
| $265M | 0.06% |
4,073,800
+221,000
| +6% | +$13.9M |
|
|
247
PUT
T-Mobile US
TMUS
$196B
| $262M | 0.06% |
2,512,500
+1,805,700
| +255% | +$173M |
|
248
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $261M | 0.06% |
2,144,000
+834,700
| +64% | +$101M |
|
249
Starbucks
SBUX
$122B
| $259M | 0.06% |
3,518,458
+1,059,129
| +43% | +$79.6M |
|
250
CALL
Texas Instruments
TXN
$241B
| $256M | 0.06% |
2,018,900
+234,400
| +13% | +$27.3M |
|
Similar funds
Jeff Yass's Q2 2020 Portfolio in Review
As of Q2 2020, Jeff Yass held 11,586 positions worth $415B, up 32% from $314B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass's Q2 2020 filing shows 1,443 new, 4,471 increased, 4,026 reduced and 1,558 closed positions. Its largest new stake was VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2: 1,220,649 shares worth $12.4M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $2.49B.
By sector, the portfolio is most concentrated in Technology at 1.6% of assets, down from 2% a quarter earlier, followed by Communication Services and Financials.
- Jeff Yass's largest Q2 2020 buy was VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index ER due February 9, 2: 1,220,649 shares worth $12.4M.
- Jeff Yass added most to Invesco QQQ Trust in Q2 2020, an estimated $2.33B increase.
- Jeff Yass's biggest Q2 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.49B.
- Jeff Yass fully exited iPath Series B S&P 500 VIX Short-Term Futures ETN in Q2 2020, selling an estimated $119M.
- Jeff Yass's ten largest holdings make up 30% of its $415B portfolio in Q2 2020.
- Jeff Yass opened 1,443 new positions and closed 1,558 in Q2 2020.
- Jeff Yass's portfolio value rose 32% quarter-over-quarter to $415B.
Based on Susquehanna International Group's 13F filing for Q2 2020, filed 14 Aug 2020.