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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $27.2B | 6.73% |
72,158,900
+11,572,500
| +19% | +$4.74B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $21B | 5.19% |
55,599,700
+7,344,300
| +15% | +$3.01B |
|
|
3
CALL
Tesla
TSLA
$1.43T
| $18.9B | 4.67% |
84,108,300
-10,172,700
| -11% | -$2.78B |
|
|
4
PUT
Tesla
TSLA
$1.43T
| $15.3B | 3.79% |
68,323,500
-19,925,100
| -23% | -$5.44B |
|
|
5
CALL
Amazon
AMZN
$2.79T
| $10.5B | 2.59% |
98,610,500
-47,619,500
| -33% | -$5.96B |
|
|
6
PUT
Amazon
AMZN
$2.79T
| $9.91B | 2.45% |
93,287,100
-56,372,900
| -38% | -$7.05B |
|
|
7
PUT
Invesco QQQ Trust
QQQ
$486B
| $8.37B | 2.07% |
29,869,800
-817,100
| -3% | -$254M |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $6.48B | 1.6% |
23,136,600
+768,800
| +3% | +$239M |
|
9
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $5.64B | 1.4% |
33,309,400
+10,530,200
| +46% | +$1.94B |
|
|
10
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $5.53B | 1.37% |
50,752,000
-1,434,000
| -3% | -$169M |
|
|
11
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $5.09B | 1.26% |
13,481,425
-4,578,240
| -25% | -$1.88B |
|
|
12
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $4.49B | 1.11% |
41,206,000
-1,874,000
| -4% | -$221M |
|
|
13
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $4.43B | 1.09% |
40,466,000
-5,966,000
| -13% | -$705M |
|
|
14
CALL
Apple
AAPL
$4.51T
| $3.7B | 0.91% |
27,041,600
-8,436,700
| -24% | -$1.28B |
|
|
15
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $3.45B | 0.85% |
31,548,000
-2,424,000
| -7% | -$286M |
|
|
16
PUT
Apple
AAPL
$4.51T
| $3.44B | 0.85% |
25,177,200
-6,766,700
| -21% | -$1.02B |
|
17
CALL
Microsoft
MSFT
$3.59T
| $3.03B | 0.75% |
11,798,800
-2,143,200
| -15% | -$582M |
|
|
18
CALL
Meta Platforms (Facebook)
META
$1.4T
| $2.56B | 0.63% |
15,860,600
-4,090,900
| -21% | -$789M |
|
|
19
PUT
Microsoft
MSFT
$3.59T
| $2.39B | 0.59% |
9,299,100
-2,629,600
| -22% | -$714M |
|
20
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $2.38B | 0.59% |
66,629,200
+33,068,400
| +99% | +$1.33B |
|
|
21
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $2.14B | 0.53% |
12,664,200
+2,788,300
| +28% | +$514M |
|
22
PUT
NVIDIA
NVDA
$5.2T
| $1.87B | 0.46% |
123,329,000
-38,716,000
| -24% | -$731M |
|
|
23
iShares Russell 2000 ETF
IWM
$81.9B
| $1.85B | 0.46% |
10,935,890
+887,036
| +9% | +$164M |
|
24
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.76B | 0.43% |
15,293,200
+7,034,500
| +85% | +$828M |
|
25
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.76B | 0.43% |
23,849,500
-517,800
| -2% | -$40.3M |
|
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.