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 | |
|---|---|---|---|---|---|---|
276
CALL
Trade Desk
TTD
$6.19B
| $153M | 0.05% |
7,904,000
-13,414,000
| -63% | -$347M |
|
277
PUT
Clorox
CLX
$12.9B
| $152M | 0.05% |
875,700
+758,200
| +645% | +$125M |
|
|
WBA
278
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $150M | 0.05% |
3,280,000
+1,220,500
| +59% | +$61.9M |
|
|
279
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $150M | 0.05% |
909,146
-2,825,858
| -76% | -$421M |
|
280
PUT
CME Group
CME
$98.9B
| $150M | 0.05% |
865,500
+141,000
| +19% | +$28.1M |
|
281
PUT
Elevance Health
ELV
$86.9B
| $150M | 0.05% |
659,100
+83,100
| +14% | +$22.6M |
|
282
Beyond Meat
BYND
$254M
| $150M | 0.05% |
74,872
+37,113
| +98% | +$108M |
|
283
PUT
CrowdStrike
CRWD
$195B
| $149M | 0.05% |
10,731,200
+6,571,600
| +158% | +$92.8M |
|
|
TWTR
284
PUT
DELISTED
Twitter, Inc.
TWTR
| $149M | 0.05% |
6,080,000
-637,800
| -9% | -$20.6M |
|
|
285
CALL
CME Group
CME
$98.9B
| $149M | 0.05% |
863,000
+473,900
| +122% | +$94.3M |
|
286
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $149M | 0.05% |
1,680,800
-152,600
| -8% | -$14.8M |
|
287
AbbVie
ABBV
$468B
| $148M | 0.05% |
1,944,534
-38,566
| -2% | -$3.28M |
|
|
XLNX
288
PUT
DELISTED
Xilinx Inc
XLNX
| $148M | 0.05% |
1,893,600
-828,500
| -30% | -$72.2M |
|
289
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $147M | 0.05% |
3,002,600
-1,030,400
| -26% | -$60.8M |
|
290
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $146M | 0.05% |
49,432
+7,373
| +18% | +$12M |
|
291
PUT
RTX Corp
RTX
$283B
| $145M | 0.05% |
2,443,246
+378,499
| +18% | +$32M |
|
292
PUT
Altria Group
MO
$110B
| $144M | 0.05% |
3,734,100
-326,100
| -8% | -$14.5M |
|
293
Visa
V
$693B
| $143M | 0.05% |
885,618
+388,321
| +78% | +$73.2M |
|
294
CALL
Snap
SNAP
$8.86B
| $143M | 0.05% |
11,988,600
-8,456,300
| -41% | -$130M |
|
295
CALL
Humana
HUM
$45.5B
| $142M | 0.05% |
452,800
-2,700
| -0.6% | -$911K |
|
296
CALL
Twilio
TWLO
$34.6B
| $142M | 0.05% |
1,587,800
-291,700
| -16% | -$32M |
|
297
CALL
Philip Morris
PM
$293B
| $142M | 0.05% |
1,941,800
-128,900
| -6% | -$10.6M |
|
298
PUT
Vale
VALE
$62.1B
| $140M | 0.04% |
16,851,800
+6,594,900
| +64% | +$71.8M |
|
299
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $140M | 0.04% |
2,564,100
-1,590,700
| -38% | -$96.5M |
|
300
CALL
Expedia Group
EXPE
$38.6B
| $140M | 0.04% |
2,480,300
+714,800
| +40% | +$68.6M |
|
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.