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 | |
|---|---|---|---|---|---|---|
351
PUT
Texas Instruments
TXN
$241B
| $112M | 0.04% |
1,120,400
+107,700
| +11% | +$12.9M |
|
|
LK
352
CALL
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $112M | 0.04% |
4,107,700
+2,051,300
| +100% | +$75.5M |
|
353
CALL
Marriott International
MAR
$92.9B
| $111M | 0.04% |
1,490,100
+1,110,200
| +292% | +$138M |
|
354
CALL
United Rentals
URI
$68.4B
| $110M | 0.04% |
1,072,400
-84,200
| -7% | -$11.2M |
|
355
PUT
American Tower
AMT
$81.9B
| $110M | 0.04% |
505,600
+20,900
| +4% | +$4.86M |
|
356
CALL
Abbott
ABT
$202B
| $110M | 0.03% |
1,391,400
-289,300
| -17% | -$24.1M |
|
357
CALL
Workday
WDAY
$49.4B
| $109M | 0.03% |
837,400
-368,600
| -31% | -$62.1M |
|
358
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $109M | 0.03% |
12,134,800
+1,438,500
| +13% | +$14.7M |
|
359
Intel
INTC
$476B
| $109M | 0.03% |
2,008,715
-1,091,332
| -35% | -$64.6M |
|
360
PUT
Accenture
ACN
$113B
| $108M | 0.03% |
659,200
-38,400
| -6% | -$7.4M |
|
361
CALL
FedEx
FDX
$76.9B
| $107M | 0.03% |
884,900
-402,400
| -31% | -$56.6M |
|
362
PUT
American Airlines Group
AAL
$9.15B
| $107M | 0.03% |
8,794,100
+4,118,300
| +88% | +$93.9M |
|
|
SINA
363
DELISTED
Sina Corp
SINA
| $106M | 0.03% |
3,328,703
+277,707
| +9% | +$10.2M |
|
364
CALL
Pinduoduo
PDD
$126B
| $106M | 0.03% |
2,940,400
+465,900
| +19% | +$17M |
|
|
WORK
365
CALL
DELISTED
Slack Technologies, Inc.
WORK
| $106M | 0.03% |
3,947,100
+2,004,900
| +103% | +$48.4M |
|
366
CALL
Danaher
DHR
$154B
| $106M | 0.03% |
860,100
+286,850
| +50% | +$38.7M |
|
367
PUT
Ulta Beauty
ULTA
$22.4B
| $105M | 0.03% |
600,300
-455,700
| -43% | -$114M |
|
368
NextEra Energy
NEE
$174B
| $105M | 0.03% |
1,748,160
+823,920
| +89% | +$51.8M |
|
|
369
PUT
Marriott International
MAR
$92.9B
| $105M | 0.03% |
1,404,800
+1,105,100
| +369% | +$137M |
|
370
PUT
Illumina
ILMN
$33.1B
| $105M | 0.03% |
394,444
-206,525
| -34% | -$57.8M |
|
|
371
PUT
Workday
WDAY
$49.4B
| $105M | 0.03% |
803,900
-833,600
| -51% | -$140M |
|
372
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $104M | 0.03% |
1,917,600
+1,278,000
| +200% | +$77.6M |
|
373
PUT
Constellation Brands
STZ
$23.2B
| $104M | 0.03% |
727,100
-186,400
| -20% | -$32.9M |
|
|
374
CALL
Ulta Beauty
ULTA
$22.4B
| $104M | 0.03% |
593,000
-114,600
| -16% | -$28.6M |
|
375
PUT
Palo Alto Networks
PANW
$292B
| $104M | 0.03% |
3,806,400
-2,220,000
| -37% | -$77.5M |
|
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.