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 | |
|---|---|---|---|---|---|---|
126
PUT
Salesforce
CRM
$171B
| $525M | 0.13% |
2,800,800
-1,009,500
| -26% | -$170M |
|
127
CALL
Broadcom
AVGO
$1.75T
| $516M | 0.12% |
16,342,000
-1,203,000
| -7% | -$33.7M |
|
128
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $514M | 0.12% |
22,216,600
+1,063,000
| +5% | +$24.1M |
|
129
PUT
Goldman Sachs
GS
$303B
| $514M | 0.12% |
2,599,000
-312,700
| -11% | -$58.7M |
|
130
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $508M | 0.12% |
26,868,800
+4,170,400
| +18% | +$77.6M |
|
|
131
PUT
Broadcom
AVGO
$1.75T
| $505M | 0.12% |
16,010,000
-3,630,000
| -18% | -$102M |
|
132
PUT
Trade Desk
TTD
$6.19B
| $498M | 0.12% |
12,262,000
+2,218,000
| +22% | +$66.9M |
|
133
PUT
Walmart Inc
WMT
$825B
| $492M | 0.12% |
12,316,800
+1,643,400
| +15% | +$67.6M |
|
134
Advanced Micro Devices
AMD
$773B
| $491M | 0.12% |
9,339,212
+5,761,297
| +161% | +$305M |
|
135
Alphabet (Google) Class C
GOOG
$4.18T
| $487M | 0.12% |
6,890,140
-2,064,980
| -23% | -$139M |
|
136
PUT
Starbucks
SBUX
$122B
| $487M | 0.12% |
6,611,300
-924,900
| -12% | -$69.5M |
|
137
CALL
Roku
ROKU
$23.4B
| $484M | 0.12% |
4,154,100
+1,082,100
| +35% | +$124M |
|
138
CALL
Procter & Gamble
PG
$336B
| $483M | 0.12% |
4,043,400
-203,000
| -5% | -$23.7M |
|
139
iShares MSCI EAFE ETF
EFA
$80B
| $483M | 0.12% |
7,936,507
-797,577
| -9% | -$46.1M |
|
140
CALL
Beyond Meat
BYND
$254M
| $468M | 0.11% |
116,557
+57,540
| +97% | +$204M |
|
141
PUT
Twilio
TWLO
$34.6B
| $467M | 0.11% |
2,129,900
+6,100
| +0.3% | +$979K |
|
142
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $460M | 0.11% |
211,511
-140,594
| -40% | -$338M |
|
143
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $459M | 0.11% |
8,802,000
+1,053,700
| +14% | +$53.2M |
|
144
PUT
SPDR Gold Trust
GLD
$152B
| $459M | 0.11% |
2,744,100
+83,400
| +3% | +$13.5M |
|
145
CALL
McDonald's
MCD
$192B
| $458M | 0.11% |
2,480,600
-17,900
| -0.7% | -$3.28M |
|
146
CALL
AbbVie
ABBV
$468B
| $457M | 0.11% |
4,652,300
+264,400
| +6% | +$23.3M |
|
147
PUT
Qualcomm
QCOM
$169B
| $455M | 0.11% |
4,989,200
-1,017,200
| -17% | -$81.6M |
|
148
CALL
Spotify
SPOT
$110B
| $452M | 0.11% |
1,749,100
+1,299,600
| +289% | +$223M |
|
149
PUT
Nike
NKE
$60.5B
| $450M | 0.11% |
4,589,600
+33,000
| +0.7% | +$3.05M |
|
150
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $440M | 0.11% |
705,800
-20,800
| -3% | -$11.8M |
|
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.