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 | |
|---|---|---|---|---|---|---|
51
PUT
Mastercard
MA
$509B
| $1.03B | 0.25% |
3,488,200
-2,595,000
| -43% | -$732M |
|
52
CALL
Home Depot
HD
$335B
| $1.01B | 0.24% |
4,020,600
-2,200
| -0.1% | -$504K |
|
53
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $972M | 0.23% |
5,931,500
-5,380,100
| -48% | -$886M |
|
54
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $972M | 0.23% |
46,170,000
-1,010,000
| -2% | -$18.7M |
|
|
55
PUT
Bank of America
BAC
$431B
| $969M | 0.23% |
40,810,300
+3,771,000
| +10% | +$89.1M |
|
56
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $951M | 0.23% |
3,689,300
-939,500
| -20% | -$231M |
|
57
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $949M | 0.23% |
5,316,500
-1,113,000
| -17% | -$203M |
|
58
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $915M | 0.22% |
22,872,100
-15,430,600
| -40% | -$578M |
|
59
CALL
Zoom
ZM
$31.5B
| $904M | 0.22% |
3,564,400
+1,097,600
| +44% | +$197M |
|
|
60
CALL
JPMorgan Chase
JPM
$935B
| $887M | 0.21% |
9,435,000
+699,900
| +8% | +$66.4M |
|
61
CALL
Advanced Micro Devices
AMD
$773B
| $871M | 0.21% |
16,548,700
-4,736,400
| -22% | -$251M |
|
62
NVIDIA
NVDA
$5.2T
| $855M | 0.21% |
90,060,680
+5,616,840
| +7% | +$45.4M |
|
|
63
PUT
Home Depot
HD
$335B
| $843M | 0.2% |
3,366,200
+418,500
| +14% | +$95.8M |
|
64
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $824M | 0.2% |
15,786,600
-1,836,100
| -10% | -$92.7M |
|
65
PUT
Costco
COST
$420B
| $823M | 0.2% |
2,714,700
+614,500
| +29% | +$187M |
|
|
66
JPMorgan Chase
JPM
$935B
| $786M | 0.19% |
8,353,654
+8,019,814
| +2,402% | +$761M |
|
|
XYZ
67
CALL
Block Inc
XYZ
$49.4B
| $771M | 0.19% |
7,349,600
+2,016,200
| +38% | +$154M |
|
68
PUT
Adobe
ADBE
$109B
| $761M | 0.18% |
1,747,800
-253,700
| -13% | -$94M |
|
69
Amazon
AMZN
$2.79T
| $754M | 0.18% |
5,468,600
-1,904,640
| -26% | -$230M |
|
|
70
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $748M | 0.18% |
18,708,200
-410,200
| -2% | -$15.4M |
|
|
71
CALL
Adobe
ADBE
$109B
| $748M | 0.18% |
1,718,300
+287,700
| +20% | +$107M |
|
|
72
PUT
Zoom
ZM
$31.5B
| $746M | 0.18% |
2,940,400
+1,126,100
| +62% | +$203M |
|
73
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $735M | 0.18% |
6,561,500
+1,108,500
| +20% | +$109M |
|
74
Boeing
BA
$169B
| $734M | 0.18% |
4,001,920
-1,188,384
| -23% | -$183M |
|
75
CALL
Intel
INTC
$476B
| $729M | 0.18% |
12,181,800
-501,400
| -4% | -$30M |
|
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.