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 | |
|---|---|---|---|---|---|---|
26
CALL
Meta Platforms (Facebook)
META
$1.4T
| $1.67B | 0.53% |
10,026,200
-2,177,400
| -18% | -$426M |
|
|
27
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.63B | 0.52% |
14,271,400
+4,722,800
| +49% | +$704M |
|
|
28
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.58B | 0.5% |
27,150,000
+2,358,000
| +10% | +$160M |
|
29
CALL
Netflix
NFLX
$331B
| $1.55B | 0.49% |
41,146,000
-31,575,000
| -43% | -$1.12B |
|
30
PUT
Mastercard
MA
$509B
| $1.47B | 0.47% |
6,083,200
+2,789,400
| +85% | +$829M |
|
31
CALL
NVIDIA
NVDA
$5.2T
| $1.39B | 0.44% |
210,796,000
-30,864,000
| -13% | -$195M |
|
32
PUT
Visa
V
$693B
| $1.33B | 0.42% |
8,270,500
+3,880,400
| +88% | +$731M |
|
33
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.31B | 0.42% |
38,302,700
+21,110,800
| +123% | +$866M |
|
34
Apple
AAPL
$4.51T
| $1.29B | 0.41% |
20,241,976
-2,163,504
| -10% | -$159M |
|
|
35
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $1.19B | 0.38% |
20,476,000
-3,100,000
| -13% | -$210M |
|
36
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.18B | 0.37% |
6,429,500
+764,400
| +13% | +$162M |
|
37
PUT
Advanced Micro Devices
AMD
$773B
| $1.16B | 0.37% |
25,600,200
+3,957,600
| +18% | +$191M |
|
38
CALL
Boeing
BA
$169B
| $1.15B | 0.36% |
7,520,700
+4,007,400
| +114% | +$1.1B |
|
39
CALL
Booking.com
BKNG
$158B
| $1.14B | 0.36% |
21,152,500
+1,025,000
| +5% | +$71.9M |
|
40
CALL
Walt Disney
DIS
$186B
| $1.12B | 0.36% |
11,631,700
+1,310,200
| +13% | +$166M |
|
41
PUT
JPMorgan Chase
JPM
$935B
| $1.12B | 0.36% |
12,452,800
+6,745,100
| +118% | +$819M |
|
|
42
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.09B | 0.35% |
6,583,400
-6,036,400
| -48% | -$900M |
|
43
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $1.08B | 0.34% |
82,500,000
-33,995,000
| -29% | -$537M |
|
|
44
CALL
Visa
V
$693B
| $1.05B | 0.33% |
6,525,800
+1,058,600
| +19% | +$199M |
|
45
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $1.04B | 0.33% |
352,105
+140,703
| +67% | +$229M |
|
46
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.01B | 0.32% |
4,628,800
+1,701,800
| +58% | +$452M |
|
|
47
CALL
Advanced Micro Devices
AMD
$773B
| $968M | 0.31% |
21,285,100
-352,400
| -2% | -$17M |
|
48
Invesco QQQ Trust
QQQ
$486B
| $963M | 0.31% |
5,055,568
+273,974
| +6% | +$58M |
|
|
49
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $950M | 0.3% |
5,194,800
+2,606,700
| +101% | +$554M |
|
50
Microsoft
MSFT
$3.59T
| $902M | 0.29% |
5,719,480
+2,229,741
| +64% | +$367M |
|
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.