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 |
Amazon
AMZN
|
+$824M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$459M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$301M |
| 4 |
Warner Bros
WBD
|
+$287M |
| 5 |
Tesla
TSLA
|
+$230M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.88B |
| 2 |
AT&T
T
|
+$530M |
| 3 |
Meta Platforms (Facebook)
META
|
+$481M |
| 4 |
Workday
WDAY
|
+$462M |
| 5 |
Apple
AAPL
|
+$354M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.79% |
| 2 | Consumer Discretionary | 1.52% |
| 3 | Communication Services | 1.04% |
| 4 | Financials | 1.03% |
| 5 | Healthcare | 0.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Costco
COST
$420B
| $842M | 0.21% |
1,757,700
-39,900
| -2% | -$20.2M |
|
52
Citigroup
C
$221B
| $832M | 0.21% |
18,080,192
-2,487,052
| -12% | -$124M |
|
53
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $830M | 0.21% |
7,547,400
-1,705,000
| -18% | -$193M |
|
54
CALL
Goldman Sachs
GS
$303B
| $827M | 0.2% |
2,785,500
+489,700
| +21% | +$152M |
|
|
55
PUT
Goldman Sachs
GS
$303B
| $819M | 0.2% |
2,757,000
-547,700
| -17% | -$171M |
|
56
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $793M | 0.2% |
22,181,600
+6,622,000
| +43% | +$266M |
|
57
PUT
Bank of America
BAC
$431B
| $776M | 0.19% |
24,933,700
+4,742,200
| +23% | +$171M |
|
58
CALL
Qualcomm
QCOM
$169B
| $773M | 0.19% |
6,047,700
-1,003,500
| -14% | -$136M |
|
59
CALL
Johnson & Johnson
JNJ
$651B
| $767M | 0.19% |
4,323,300
-421,800
| -9% | -$75.2M |
|
60
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $764M | 0.19% |
2,797,700
-179,500
| -6% | -$56.3M |
|
61
CALL
UnitedHealth
UNH
$350B
| $762M | 0.19% |
1,483,400
+223,400
| +18% | +$112M |
|
62
CALL
Netflix
NFLX
$331B
| $761M | 0.19% |
43,529,000
+8,803,000
| +25% | +$195M |
|
63
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $748M | 0.19% |
2,431,000
-546,100
| -18% | -$179M |
|
64
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $744M | 0.18% |
18,551,300
-4,790,000
| -21% | -$201M |
|
65
CALL
Shopify
SHOP
$192B
| $739M | 0.18% |
23,671,100
+234,100
| +1% | +$10M |
|
66
CALL
AbbVie
ABBV
$468B
| $732M | 0.18% |
4,778,300
+151,500
| +3% | +$23.1M |
|
67
CALL
Occidental Petroleum
OXY
$61.3B
| $721M | 0.18% |
12,246,400
-2,741,200
| -18% | -$168M |
|
68
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $709M | 0.18% |
5,935,600
+1,011,400
| +21% | +$142M |
|
|
69
Apple
AAPL
$4.51T
| $703M | 0.17% |
5,138,950
-2,336,593
| -31% | -$354M |
|
|
70
PUT
Netflix
NFLX
$331B
| $702M | 0.17% |
40,123,000
+7,250,000
| +22% | +$161M |
|
71
PUT
iShares TIPS Bond ETF
TIP
$14.9B
| $697M | 0.17% |
6,120,700
+5,613,700
| +1,107% | +$666M |
|
72
CALL
Booking.com
BKNG
$158B
| $695M | 0.17% |
9,927,500
-4,835,000
| -33% | -$413M |
|
|
73
CALL
Bank of America
BAC
$431B
| $691M | 0.17% |
22,209,200
-5,078,100
| -19% | -$183M |
|
74
CALL
Chevron
CVX
$403B
| $685M | 0.17% |
4,729,000
-1,992,000
| -30% | -$329M |
|
75
CALL
Verizon
VZ
$205B
| $682M | 0.17% |
13,409,200
-239,600
| -2% | -$12.1M |
|
Similar funds
Jeff Yass's Q2 2022 Portfolio in Review
As of Q2 2022, Jeff Yass held 14,668 positions worth $404B, down 30% from $578B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Jeff Yass withdrew a net $42.7B in Q2 2022, closing 1,896 positions and reducing 5,772 holdings. Its most notable exit was Discovery, Inc. Series C Common Stock, an estimated $176M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, down from 2.1% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Jeff Yass opened a new position in iShares US Treasury Bond ETF worth $36.9M.
- Jeff Yass's largest Q2 2022 buy was iShares US Treasury Bond ETF: 1,544,259 shares worth $36.9M.
- Jeff Yass added most to Amazon in Q2 2022, an estimated $824M increase.
- Jeff Yass's biggest Q2 2022 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.88B.
- Jeff Yass fully exited Discovery, Inc. Series C Common Stock in Q2 2022, selling an estimated $176M.
- Jeff Yass's ten largest holdings make up 32% of its $404B portfolio in Q2 2022.
- Jeff Yass opened 1,801 new positions and closed 1,896 in Q2 2022.
- Jeff Yass's portfolio value fell 30% quarter-over-quarter to $404B.
Based on Susquehanna International Group's 13F filing for Q2 2022, filed 15 Aug 2022.