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 | |
|---|---|---|---|---|---|---|
376
CALL
Kimberly-Clark
KMB
$36.4B
| $104M | 0.03% |
810,000
+117,100
| +17% | +$16.2M |
|
377
Booking.com
BKNG
$158B
| $103M | 0.03% |
1,919,275
+867,175
| +82% | +$60.9M |
|
378
PUT
Autodesk
ADSK
$53.6B
| $103M | 0.03% |
661,200
+94,100
| +17% | +$17.3M |
|
379
CALL
NextEra Energy
NEE
$174B
| $103M | 0.03% |
1,715,200
+80,000
| +5% | +$5.03M |
|
380
CALL
Palo Alto Networks
PANW
$292B
| $103M | 0.03% |
3,774,000
-268,800
| -7% | -$9.38M |
|
381
CALL
Marathon Petroleum
MPC
$101B
| $103M | 0.03% |
4,362,900
-635,400
| -13% | -$29.3M |
|
382
PUT
BP
BP
$115B
| $102M | 0.03% |
4,180,200
+1,753,000
| +72% | +$56.7M |
|
383
CALL
Altria Group
MO
$110B
| $102M | 0.03% |
2,635,100
-910,700
| -26% | -$40.4M |
|
384
PUT
ProShares UltraPro QQQ
TQQQ
$35.8B
| $102M | 0.03% |
17,104,800
+11,396,800
| +200% | +$119M |
|
385
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $100M | 0.03% |
2,499,800
-1,682,800
| -40% | -$76.8M |
|
386
CALL
Virgin Galactic
SPCE
$467M
| $100M | 0.03% |
338,580
+262,440
| +345% | +$99.7M |
|
387
Baidu
BIDU
$31.6B
| $99.5M | 0.03% |
987,278
-195,459
| -17% | -$23.8M |
|
388
PUT
Lyft
LYFT
$6.61B
| $99.4M | 0.03% |
3,700,600
+1,766,000
| +91% | +$70.2M |
|
389
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $99.3M | 0.03% |
1,682,500
+125,000
| +8% | +$9.42M |
|
|
CGC
390
PUT
Canopy Growth
CGC
$472M
| $99.3M | 0.03% |
688,410
-254,700
| -27% | -$47.8M |
|
391
CALL
Deere & Co
DE
$175B
| $99.3M | 0.03% |
718,500
+186,300
| +35% | +$29.5M |
|
392
RTX Corp
RTX
$283B
| $98.4M | 0.03% |
1,658,266
-345,636
| -17% | -$29.3M |
|
393
PUT
iShares MSCI ACWI ETF
ACWI
$33.3B
| $97.6M | 0.03% |
1,559,200
+1,195,800
| +329% | +$88.6M |
|
394
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$290M
| $97.2M | 0.03% |
664
+421
| +173% | +$30.8M |
|
|
ATVI
395
CALL
DELISTED
Activision Blizzard
ATVI
| $96.7M | 0.03% |
1,626,300
-51,300
| -3% | -$3.04M |
|
396
PUT
American Express
AXP
$227B
| $96.1M | 0.03% |
1,122,600
+408,500
| +57% | +$47.5M |
|
397
CALL
Veeva Systems
VEEV
$40.3B
| $95.8M | 0.03% |
612,900
+185,400
| +43% | +$27.2M |
|
|
MLNX
398
CALL
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $95.6M | 0.03% |
787,800
+462,300
| +142% | +$54.4M |
|
399
CALL
Dominion Energy
D
$58.6B
| $95.5M | 0.03% |
1,322,900
+566,800
| +75% | +$46.3M |
|
|
PXD
400
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $95.4M | 0.03% |
1,360,000
+609,500
| +81% | +$72.5M |
|
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.