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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.39B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$565M |
| 3 |
Citigroup
C
|
+$429M |
| 4 |
United States Oil Fund
USO
|
+$386M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$378M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$946M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$771M |
| 3 |
Alibaba
BABA
|
+$626M |
| 4 |
Tesla
TSLA
|
+$505M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$421M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.01% |
| 2 | Communication Services | 1.39% |
| 3 | Financials | 0.98% |
| 4 | Consumer Discretionary | 0.94% |
| 5 | Healthcare | 0.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Pfizer
PFE
$160B
| $203M | 0.06% |
6,551,572
+3,983,458
| +155% | +$136M |
|
227
PUT
United Parcel Service
UPS
$86.8B
| $202M | 0.06% |
2,162,000
+1,230,300
| +132% | +$127M |
|
228
PUT
JD.com
JD
$39.7B
| $202M | 0.06% |
4,978,300
-1,745,700
| -26% | -$69.8M |
|
229
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $200M | 0.06% |
2,587,544
+2,552,202
| +7,221% | +$226M |
|
230
iShares China Large-Cap ETF
FXI
$4.28B
| $198M | 0.06% |
5,268,513
-4,801,986
| -48% | -$195M |
|
231
PUT
GE Aerospace
GE
$361B
| $196M | 0.06% |
4,941,419
-1,135,664
| -19% | -$60.6M |
|
232
CALL
Caterpillar
CAT
$381B
| $195M | 0.06% |
1,676,200
+361,800
| +28% | +$46.2M |
|
233
Bank of America
BAC
$431B
| $194M | 0.06% |
9,152,550
+3,215,032
| +54% | +$96.4M |
|
234
IBM
IBM
$222B
| $194M | 0.06% |
1,829,721
+772,362
| +73% | +$97.7M |
|
235
PUT
Trade Desk
TTD
$6.19B
| $194M | 0.06% |
10,044,000
-3,340,000
| -25% | -$86.4M |
|
236
PUT
Equinix
EQIX
$105B
| $192M | 0.06% |
306,900
+187,500
| +157% | +$112M |
|
237
Micron Technology
MU
$1.09T
| $191M | 0.06% |
4,535,999
+2,520,502
| +125% | +$131M |
|
238
PUT
Twilio
TWLO
$34.6B
| $190M | 0.06% |
2,123,800
-42,300
| -2% | -$4.64M |
|
239
CALL
Oracle
ORCL
$422B
| $189M | 0.06% |
3,918,200
+1,222,900
| +45% | +$63.1M |
|
240
CALL
3M
MMM
$92.3B
| $187M | 0.06% |
1,642,706
+423,623
| +35% | +$55.7M |
|
241
CALL
Lowe's Companies
LOW
$121B
| $187M | 0.06% |
2,170,600
-53,400
| -2% | -$5.83M |
|
242
CALL
Delta Air Lines
DAL
$54.2B
| $185M | 0.06% |
6,487,100
+3,394,000
| +110% | +$168M |
|
243
CALL
AutoZone
AZO
$48.3B
| $185M | 0.06% |
218,100
+10,100
| +5% | +$10.5M |
|
244
PUT
Okta
OKTA
$23.5B
| $184M | 0.06% |
1,504,100
+547,900
| +57% | +$68.8M |
|
245
CALL
Blackrock
BLK
$179B
| $183M | 0.06% |
415,600
+84,900
| +26% | +$41.8M |
|
246
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $180M | 0.06% |
6,490,800
+3,481,000
| +116% | +$111M |
|
247
CALL
lululemon athletica
LULU
$13.7B
| $179M | 0.06% |
943,800
-641,400
| -40% | -$144M |
|
248
PUT
Humana
HUM
$45.5B
| $179M | 0.06% |
569,200
-207,300
| -27% | -$69.9M |
|
249
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $179M | 0.06% |
6,360,032
+6,062,524
| +2,038% | +$230M |
|
|
250
PUT
lululemon athletica
LULU
$13.7B
| $179M | 0.06% |
942,600
-937,900
| -50% | -$210M |
|
Similar funds
Jeff Yass's Q1 2020 Portfolio in Review
As of Q1 2020, Jeff Yass held 11,456 positions worth $314B, down 9.5% from $347B the previous quarter. Its ten largest holdings account for 30% of the portfolio.
Jeff Yass deployed $31.5B of net new capital in Q1 2020, opening 1,843 new positions and adding to 4,539 existing holdings. Its largest new stake was Invesco DB US Dollar Index Bullish Fund: 8,692,802 shares worth $233M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, down from 2.2% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Amazon, an estimated $946M trimmed.
- Jeff Yass's largest Q1 2020 buy was Invesco DB US Dollar Index Bullish Fund: 8,692,802 shares worth $233M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2020, an estimated $6.39B increase.
- Jeff Yass's biggest Q1 2020 reduction was Amazon, cutting an estimated $946M.
- Jeff Yass fully exited Medicines Co in Q1 2020, selling an estimated $92M.
- Jeff Yass's ten largest holdings make up 30% of its $314B portfolio in Q1 2020.
- Jeff Yass opened 1,843 new positions and closed 1,300 in Q1 2020.
- Jeff Yass's portfolio value fell 9.5% quarter-over-quarter to $314B.
Based on Susquehanna International Group's 13F filing for Q1 2020, filed 15 May 2020.