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 | |
|---|---|---|---|---|---|---|
|
PPLI
151
CALL
People Inc
PPLI
$2.86B
| $438M | 0.11% |
7,577,860
+4,869,683
| +180% | +$216M |
|
152
CALL
Gilead Sciences
GILD
$181B
| $438M | 0.11% |
5,688,000
-3,705,400
| -39% | -$284M |
|
153
PUT
Lam Research
LRCX
$393B
| $436M | 0.11% |
13,465,000
+1,150,000
| +9% | +$31.4M |
|
154
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $430M | 0.1% |
689,600
-239,900
| -26% | -$136M |
|
155
CALL
Uber
UBER
$161B
| $428M | 0.1% |
13,755,000
-3,695,800
| -21% | -$115M |
|
156
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $425M | 0.1% |
195,491
-85,634
| -30% | -$206M |
|
157
CALL
United Parcel Service
UPS
$86.8B
| $423M | 0.1% |
3,800,800
+269,600
| +8% | +$26.9M |
|
158
CALL
Union Pacific
UNP
$183B
| $422M | 0.1% |
2,497,400
+271,200
| +12% | +$43.5M |
|
159
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $419M | 0.1% |
22,148,400
+6,104,200
| +38% | +$114M |
|
160
PUT
Roku
ROKU
$23.4B
| $416M | 0.1% |
3,566,200
-4,800
| -0.1% | -$549K |
|
161
CALL
AT&T
T
$173B
| $415M | 0.1% |
18,179,182
+2,689,838
| +17% | +$61.3M |
|
162
CALL
Wells Fargo
WFC
$254B
| $413M | 0.1% |
16,139,900
+8,711,500
| +117% | +$238M |
|
163
PUT
Pfizer
PFE
$160B
| $412M | 0.1% |
13,279,241
+2,764,221
| +26% | +$93.9M |
|
164
PUT
IBM
IBM
$222B
| $411M | 0.1% |
3,563,722
-2,032,483
| -36% | -$236M |
|
165
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $410M | 0.1% |
5,208,700
+3,274,300
| +169% | +$248M |
|
166
PUT
Biogen
BIIB
$32B
| $407M | 0.1% |
1,520,400
+352,000
| +30% | +$106M |
|
167
CALL
Bristol-Myers Squibb
BMY
$137B
| $402M | 0.1% |
6,828,300
+259,100
| +4% | +$15.5M |
|
|
NKLA
168
CALL
DELISTED
Nikola Corporation Common Stock
NKLA
| $401M | 0.1% |
+198,117
| New | +$191M |
|
|
169
CALL
IBM
IBM
$222B
| $401M | 0.1% |
3,470,314
-736,384
| -18% | -$85.5M |
|
170
PUT
JD.com
JD
$39.7B
| $400M | 0.1% |
6,641,900
+1,663,600
| +33% | +$84.2M |
|
171
PUT
McDonald's
MCD
$192B
| $398M | 0.1% |
2,158,100
-1,104,600
| -34% | -$203M |
|
|
172
Microsoft
MSFT
$3.59T
| $396M | 0.1% |
1,947,974
-3,771,506
| -66% | -$685M |
|
173
PUT
lululemon athletica
LULU
$13.7B
| $387M | 0.09% |
1,239,400
+296,800
| +31% | +$75.9M |
|
174
PUT
Coca-Cola
KO
$392B
| $386M | 0.09% |
8,638,300
+1,622,100
| +23% | +$74.7M |
|
175
Mastercard
MA
$509B
| $384M | 0.09% |
1,300,010
-920,732
| -41% | -$260M |
|
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.