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 | |
|---|---|---|---|---|---|---|
401
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $95.1M | 0.03% |
1,612,400
-320,700
| -17% | -$24.2M |
|
402
PUT
Intuit
INTU
$100B
| $95.1M | 0.03% |
413,500
+37,700
| +10% | +$10.2M |
|
403
PUT
Freeport-McMoran
FCX
$110B
| $94.6M | 0.03% |
14,009,300
+243,500
| +2% | +$2.55M |
|
404
CALL
RH
RH
$2.9B
| $94.2M | 0.03% |
937,800
+105,700
| +13% | +$19.7M |
|
405
PUT
Applied Materials
AMAT
$391B
| $93.9M | 0.03% |
2,049,600
-1,047,400
| -34% | -$60.2M |
|
406
PUT
Arista Networks
ANET
$238B
| $93.7M | 0.03% |
7,403,200
-1,892,800
| -20% | -$24.6M |
|
407
PUT
Becton Dickinson
BDX
$52.3B
| $93.3M | 0.03% |
416,253
+278,493
| +202% | +$68.8M |
|
408
CALL
Okta
OKTA
$23.5B
| $93M | 0.03% |
761,000
-39,700
| -5% | -$4.98M |
|
|
TIF
409
PUT
DELISTED
Tiffany & Co.
TIF
| $92.8M | 0.03% |
716,600
-1,787,900
| -71% | -$235M |
|
410
PUT
HSBC
HSBC
$357B
| $92.5M | 0.03% |
3,300,800
+1,299,400
| +65% | +$45.1M |
|
411
PUT
United Airlines
UAL
$36.7B
| $92.3M | 0.03% |
2,925,600
+562,900
| +24% | +$37.2M |
|
412
PUT
Atlassian
TEAM
$43.5B
| $92.2M | 0.03% |
671,900
-141,300
| -17% | -$19.8M |
|
413
Vanguard Real Estate ETF
VNQ
$39.1B
| $92.1M | 0.03% |
1,318,228
+1,223,351
| +1,289% | +$107M |
|
414
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $91.8M | 0.03% |
1,872,200
+367,200
| +24% | +$21.7M |
|
415
CALL
Las Vegas Sands
LVS
$30.5B
| $91.2M | 0.03% |
2,147,800
+192,700
| +10% | +$11.7M |
|
416
CALL
Paycom
PAYC
$10.3B
| $91.2M | 0.03% |
451,300
-23,800
| -5% | -$6.52M |
|
417
PUT
Western Digital
WDC
$166B
| $90.9M | 0.03% |
2,889,961
-497,713
| -15% | -$22M |
|
418
PUT
Royal Caribbean
RCL
$78.1B
| $90.7M | 0.03% |
2,819,300
+2,311,200
| +455% | +$211M |
|
419
PUT
Teladoc Health
TDOC
$1.16B
| $90.6M | 0.03% |
584,400
+176,500
| +43% | +$20.5M |
|
420
CALL
General Motors
GM
$77.2B
| $90.5M | 0.03% |
4,355,900
-1,701,400
| -28% | -$52M |
|
421
CALL
American Airlines Group
AAL
$9.15B
| $90.1M | 0.03% |
7,394,600
+3,359,100
| +83% | +$76.6M |
|
422
CALL
Match Group
MTCH
$9.38B
| $89.7M | 0.03% |
1,358,900
+240,200
| +21% | +$17.7M |
|
423
CALL
Sea Limited
SE
$72B
| $89.6M | 0.03% |
2,023,200
+8,900
| +0.4% | +$399K |
|
|
EA
424
PUT
DELISTED
Electronic Arts
EA
| $89.6M | 0.03% |
894,200
-575,100
| -39% | -$60.5M |
|
|
AYX
425
CALL
DELISTED
Alteryx Inc
AYX
| $89.4M | 0.03% |
939,700
-74,300
| -7% | -$9.23M |
|
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.