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 | |
|---|---|---|---|---|---|---|
301
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $138M | 0.04% |
3,664,200
+629,000
| +21% | +$25.6M |
|
302
CALL
General Mills
GIS
$21.4B
| $137M | 0.04% |
2,592,100
+993,300
| +62% | +$52.5M |
|
303
ExxonMobil
XOM
$679B
| $137M | 0.04% |
3,600,303
+188,594
| +6% | +$10.4M |
|
304
GE Aerospace
GE
$361B
| $137M | 0.04% |
3,452,926
+1,555,056
| +82% | +$82.9M |
|
305
PUT
Pinduoduo
PDD
$126B
| $136M | 0.04% |
3,787,500
+572,800
| +18% | +$20.9M |
|
306
Altria Group
MO
$110B
| $135M | 0.04% |
3,486,641
-378,154
| -10% | -$16.8M |
|
307
PUT
United Rentals
URI
$68.4B
| $135M | 0.04% |
1,310,000
+221,400
| +20% | +$29.3M |
|
308
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $135M | 0.04% |
1,934,400
+215,300
| +13% | +$19.1M |
|
309
PUT
General Motors
GM
$77.2B
| $135M | 0.04% |
6,473,500
+2,509,500
| +63% | +$76.6M |
|
310
CALL
American Express
AXP
$227B
| $134M | 0.04% |
1,569,400
+613,300
| +64% | +$71.4M |
|
311
CALL
American Tower
AMT
$81.9B
| $133M | 0.04% |
609,600
+214,600
| +54% | +$49.9M |
|
312
CALL
Duke Energy
DUK
$93.4B
| $132M | 0.04% |
1,636,000
+510,300
| +45% | +$46.9M |
|
313
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $132M | 0.04% |
1,227,600
-280,400
| -19% | -$32.3M |
|
314
PUT
Northrop Grumman
NOC
$78.3B
| $130M | 0.04% |
431,000
+1,500
| +0.3% | +$522K |
|
315
CALL
United Airlines
UAL
$36.7B
| $130M | 0.04% |
4,115,400
+1,647,400
| +67% | +$109M |
|
|
WBA
316
DELISTED
Walgreens Boots Alliance
WBA
| $129M | 0.04% |
2,810,031
+1,164,860
| +71% | +$59.1M |
|
317
Kraft Heinz
KHC
$30.3B
| $128M | 0.04% |
5,157,260
+2,887,060
| +127% | +$79.2M |
|
318
PUT
Medtronic
MDT
$119B
| $127M | 0.04% |
1,410,400
-108,700
| -7% | -$11.6M |
|
319
PUT
Comcast
CMCSA
$95.3B
| $127M | 0.04% |
3,580,100
+1,209,000
| +51% | +$51M |
|
320
PUT
Honeywell
HON
$68.4B
| $127M | 0.04% |
1,005,085
+8,806
| +0.9% | +$1.36M |
|
321
CALL
BP
BP
$115B
| $126M | 0.04% |
5,162,500
+2,419,600
| +88% | +$78.2M |
|
322
PUT
Abbott
ABT
$202B
| $123M | 0.04% |
1,561,000
+304,900
| +24% | +$25.4M |
|
323
FedEx
FDX
$76.9B
| $122M | 0.04% |
1,003,833
-284,150
| -22% | -$40M |
|
|
DOCU
324
CALL
DocuSign
DOCU
$11.8B
| $121M | 0.04% |
1,310,200
-665,600
| -34% | -$53.5M |
|
325
CALL
Clorox
CLX
$12.9B
| $120M | 0.04% |
694,300
+305,800
| +79% | +$50.5M |
|
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.