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 | |
|---|---|---|---|---|---|---|
251
CALL
Texas Instruments
TXN
$241B
| $178M | 0.06% |
1,784,500
+286,300
| +19% | +$34.4M |
|
252
Salesforce
CRM
$171B
| $178M | 0.06% |
1,238,209
-779,057
| -39% | -$134M |
|
|
RTN
253
CALL
DELISTED
Raytheon Company
RTN
| $177M | 0.06% |
1,346,200
-170,700
| -11% | -$33.8M |
|
254
PUT
Domino's
DPZ
$11.3B
| $175M | 0.06% |
539,800
+192,000
| +55% | +$59.2M |
|
255
3M
MMM
$92.3B
| $173M | 0.06% |
1,517,069
+1,140,138
| +302% | +$150M |
|
256
CALL
Accenture
ACN
$113B
| $172M | 0.05% |
1,052,000
+50,500
| +5% | +$9.73M |
|
257
PUT
Expedia Group
EXPE
$38.6B
| $171M | 0.05% |
3,038,600
+2,167,300
| +249% | +$208M |
|
|
258
United States Oil Fund
USO
$2.24B
| $171M | 0.05% |
5,072,905
+5,015,793
| +8,782% | +$386M |
|
|
259
PUT
United States Oil Fund
USO
$2.24B
| $169M | 0.05% |
5,023,413
+2,647,338
| +111% | +$204M |
|
260
CALL
Medtronic
MDT
$119B
| $169M | 0.05% |
1,874,400
+270,300
| +17% | +$28.8M |
|
261
CALL
Starbucks
SBUX
$122B
| $169M | 0.05% |
2,567,600
+1,274,300
| +99% | +$103M |
|
262
CALL
Target
TGT
$75.1B
| $167M | 0.05% |
1,795,000
-2,319,200
| -56% | -$258M |
|
263
PUT
Cigna
CI
$73.3B
| $165M | 0.05% |
931,300
-250,600
| -21% | -$48.6M |
|
264
PUT
Blackrock
BLK
$179B
| $164M | 0.05% |
372,000
-136,400
| -27% | -$67.2M |
|
265
CALL
Pfizer
PFE
$160B
| $163M | 0.05% |
5,261,041
-823,069
| -14% | -$28M |
|
266
Advanced Micro Devices
AMD
$773B
| $163M | 0.05% |
3,577,915
-678,043
| -16% | -$32.7M |
|
267
Morgan Stanley
MS
$336B
| $162M | 0.05% |
4,758,644
+3,399,001
| +250% | +$160M |
|
|
268
Starbucks
SBUX
$122B
| $162M | 0.05% |
2,459,329
-517,832
| -17% | -$41.9M |
|
|
269
CALL
Morgan Stanley
MS
$336B
| $162M | 0.05% |
4,753,000
-22,500
| -0.5% | -$1.06M |
|
270
CALL
Colgate-Palmolive
CL
$72.6B
| $161M | 0.05% |
2,433,500
+608,900
| +33% | +$42.9M |
|
271
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $159M | 0.05% |
1,309,300
+475,100
| +57% | +$54.7M |
|
272
PUT
Wynn Resorts
WYNN
$10.3B
| $156M | 0.05% |
2,593,800
+1,218,500
| +89% | +$137M |
|
273
PUT
TSMC
TSM
$2.17T
| $155M | 0.05% |
3,247,400
+476,900
| +17% | +$26.1M |
|
274
PUT
Danaher
DHR
$154B
| $154M | 0.05% |
1,255,690
+382,618
| +44% | +$51.6M |
|
275
CALL
Eli Lilly
LLY
$1.12T
| $154M | 0.05% |
1,106,800
+135,500
| +14% | +$18.6M |
|
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.