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 | |
|---|---|---|---|---|---|---|
426
CALL
Constellation Brands
STZ
$23.2B
| $89.4M | 0.03% |
623,500
-370,200
| -37% | -$65.3M |
|
427
CALL
Dow Inc
DOW
$23.4B
| $88.7M | 0.03% |
3,034,700
+718,800
| +31% | +$30.6M |
|
428
CALL
DuPont de Nemours
DD
$18.7B
| $88.6M | 0.03% |
2,070,537
-127,944
| -6% | -$7.83M |
|
429
PUT
Philip Morris
PM
$293B
| $88.4M | 0.03% |
1,211,800
-290,300
| -19% | -$23.9M |
|
430
TSMC
TSM
$2.17T
| $88.3M | 0.03% |
1,847,850
+520,473
| +39% | +$28.5M |
|
|
AYX
431
PUT
DELISTED
Alteryx Inc
AYX
| $88.2M | 0.03% |
926,800
+182,000
| +24% | +$22.6M |
|
432
CALL
Teva Pharmaceuticals
TEVA
$43.5B
| $88.2M | 0.03% |
9,821,300
+2,165,300
| +28% | +$22.2M |
|
433
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.6B
| $88.2M | 0.03% |
1,130,000
-1,417,800
| -56% | -$126M |
|
434
CALL
Fidelity National Information Services
FIS
$21.3B
| $88M | 0.03% |
723,300
+682,400
| +1,668% | +$94.8M |
|
435
CALL
Align Technology
ALGN
$11.5B
| $87.8M | 0.03% |
504,600
+14,100
| +3% | +$3.38M |
|
|
436
PUT
DuPont de Nemours
DD
$18.7B
| $87.5M | 0.03% |
2,044,486
+374,593
| +22% | +$22.9M |
|
|
PARA
437
DELISTED
Paramount Global Class B
PARA
| $87.5M | 0.03% |
6,242,108
+3,525,424
| +130% | +$101M |
|
438
CALL
Lyft
LYFT
$6.61B
| $87.3M | 0.03% |
3,250,100
+874,300
| +37% | +$34.7M |
|
439
iShares 1-3 Year Treasury Bond ETF
SHY
$25.5B
| $87M | 0.03% |
1,003,716
+775,501
| +340% | +$66.2M |
|
440
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $87M | 0.03% |
704,200
-2,372,900
| -77% | -$302M |
|
|
MLNX
441
PUT
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $86.9M | 0.03% |
716,400
+341,000
| +91% | +$40.1M |
|
|
PPLI
442
CALL
People Inc
PPLI
$2.86B
| $86.7M | 0.03% |
2,708,177
-707,819
| -21% | -$28M |
|
443
PUT
Lowe's Companies
LOW
$121B
| $86.5M | 0.03% |
1,005,800
-272,600
| -21% | -$29.8M |
|
|
VMW
444
PUT
DELISTED
VMware, Inc
VMW
| $86.4M | 0.03% |
713,100
-772,700
| -52% | -$106M |
|
445
PUT
General Dynamics
GD
$104B
| $86M | 0.03% |
650,200
+123,800
| +24% | +$20.6M |
|
446
PUT
NXP Semiconductors
NXPI
$56.9B
| $85.7M | 0.03% |
1,033,200
-388,800
| -27% | -$45.6M |
|
447
CALL
Skyworks Solutions
SWKS
$10.1B
| $85.3M | 0.03% |
954,800
-345,500
| -27% | -$36.9M |
|
|
448
PUT
Align Technology
ALGN
$11.5B
| $85.2M | 0.03% |
489,600
-64,100
| -12% | -$15.3M |
|
449
CALL
Mondelez International
MDLZ
$82.3B
| $85.1M | 0.03% |
1,700,000
+841,600
| +98% | +$45.6M |
|
450
PUT
Thermo Fisher Scientific
TMO
$233B
| $85.1M | 0.03% |
300,100
+190,700
| +174% | +$60.1M |
|
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.