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 | |
|---|---|---|---|---|---|---|
251
PUT
American Express
AXP
$227B
| $256M | 0.06% |
2,690,100
+1,567,500
| +140% | +$144M |
|
252
Walmart Inc
WMT
$825B
| $253M | 0.06% |
6,331,536
+5,994,225
| +1,777% | +$247M |
|
253
PUT
Caterpillar
CAT
$381B
| $253M | 0.06% |
1,997,500
+36,300
| +2% | +$4.3M |
|
254
PUT
Spotify
SPOT
$110B
| $252M | 0.06% |
974,800
+549,800
| +129% | +$94.3M |
|
255
PUT
Verizon
VZ
$205B
| $250M | 0.06% |
4,536,800
-627,900
| -12% | -$35.3M |
|
256
CALL
Target
TGT
$75.1B
| $245M | 0.06% |
2,039,600
+244,600
| +14% | +$27.9M |
|
257
PUT
PepsiCo
PEP
$196B
| $244M | 0.06% |
1,845,300
+5,000
| +0.3% | +$659K |
|
258
CALL
Lam Research
LRCX
$393B
| $244M | 0.06% |
7,542,000
-1,196,000
| -14% | -$32.6M |
|
259
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $244M | 0.06% |
2,175,300
+1,045,300
| +93% | +$103M |
|
260
PUT
Okta
OKTA
$23.5B
| $243M | 0.06% |
1,215,800
-288,300
| -19% | -$48.9M |
|
261
Costco
COST
$420B
| $238M | 0.06% |
785,208
+564,933
| +256% | +$172M |
|
262
CALL
Blackstone
BX
$108B
| $238M | 0.06% |
4,200,800
-394,800
| -9% | -$20.8M |
|
263
PUT
Domino's
DPZ
$11.3B
| $237M | 0.06% |
642,200
+102,400
| +19% | +$37.7M |
|
264
CALL
Sea Limited
SE
$72B
| $236M | 0.06% |
2,202,200
+179,000
| +9% | +$13M |
|
265
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $236M | 0.06% |
3,428,600
+1,816,200
| +113% | +$118M |
|
266
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $234M | 0.06% |
3,665,200
+662,600
| +22% | +$39.1M |
|
267
CALL
Merck
MRK
$376B
| $231M | 0.06% |
3,136,559
-712,745
| -19% | -$53.7M |
|
|
B
268
PUT
Barrick Mining
B
$78.3B
| $230M | 0.06% |
8,529,800
+2,381,000
| +39% | +$59.5M |
|
269
PUT
RH
RH
$2.9B
| $229M | 0.06% |
918,100
-229,300
| -20% | -$41.5M |
|
270
CALL
Cigna
CI
$73.3B
| $228M | 0.06% |
1,216,800
-95,500
| -7% | -$18.1M |
|
271
PUT
Atlassian
TEAM
$43.5B
| $228M | 0.05% |
1,263,100
+591,200
| +88% | +$98.2M |
|
272
PUT
Amgen
AMGN
$238B
| $227M | 0.05% |
963,400
-644,000
| -40% | -$147M |
|
|
COUP
273
CALL
DELISTED
Coupa Software Incorporated
COUP
| $227M | 0.05% |
819,500
+331,500
| +68% | +$66.8M |
|
|
274
CALL
RH
RH
$2.9B
| $226M | 0.05% |
907,700
-30,100
| -3% | -$5.45M |
|
275
PUT
Simon Property Group
SPG
$70.6B
| $223M | 0.05% |
3,267,000
+2,597,800
| +388% | +$163M |
|
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.