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 | |
|---|---|---|---|---|---|---|
526
CALL
Zoetis
ZTS
$32.1B
| $68.6M | 0.02% |
583,000
+108,600
| +23% | +$14.3M |
|
|
FISV
527
CALL
Fiserv Inc
FISV
$28B
| $68.6M | 0.02% |
721,900
+303,000
| +72% | +$33.7M |
|
528
CALL
Progressive
PGR
$127B
| $68.5M | 0.02% |
927,600
+793,200
| +590% | +$61.1M |
|
|
COUP
529
CALL
DELISTED
Coupa Software Incorporated
COUP
| $68.2M | 0.02% |
488,000
-306,100
| -39% | -$47.4M |
|
530
PUT
Hershey
HSY
$37.5B
| $68.2M | 0.02% |
514,600
+414,600
| +415% | +$61.2M |
|
531
CALL
EOG Resources
EOG
$80.3B
| $67.7M | 0.02% |
1,886,100
+200,700
| +12% | +$13M |
|
532
PUT
NetEase
NTES
$82.1B
| $67.4M | 0.02% |
1,050,000
-1,255,000
| -54% | -$82.5M |
|
|
WORK
533
PUT
DELISTED
Slack Technologies, Inc.
WORK
| $67.3M | 0.02% |
2,507,300
-854,500
| -25% | -$20.6M |
|
|
B
534
CALL
Barrick Mining
B
$78.3B
| $67M | 0.02% |
3,655,100
-3,262,000
| -47% | -$61.1M |
|
535
PUT
Cummins
CMI
$80.9B
| $66.8M | 0.02% |
494,000
-81,500
| -14% | -$12.7M |
|
536
iShares MSCI Brazil ETF
EWZ
$8.04B
| $66.8M | 0.02% |
2,835,230
+2,538,724
| +856% | +$98.1M |
|
537
CALL
RingCentral
RNG
$5.6B
| $66.6M | 0.02% |
314,400
+182,500
| +138% | +$37.6M |
|
538
CALL
Truist Financial
TFC
$61.6B
| $66.3M | 0.02% |
2,150,800
+411,300
| +24% | +$19.4M |
|
539
PUT
McKesson
MCK
$100B
| $66.1M | 0.02% |
488,500
+92,400
| +23% | +$13.5M |
|
540
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $65.8M | 0.02% |
680,700
+407,900
| +150% | +$45M |
|
541
CALL
American International
AIG
$39.8B
| $65.7M | 0.02% |
2,708,800
+681,400
| +34% | +$29.2M |
|
542
PUT
Vertex Pharmaceuticals
VRTX
$139B
| $65.7M | 0.02% |
275,900
+104,800
| +61% | +$24M |
|
543
CALL
Universal Display
OLED
$3.95B
| $65.6M | 0.02% |
497,600
-356,100
| -42% | -$61.3M |
|
544
PUT
Sea Limited
SE
$72B
| $65.2M | 0.02% |
1,471,400
-1,218,600
| -45% | -$54.7M |
|
545
State Street Energy Select Sector SPDR ETF
XLE
$41.8B
| $65.1M | 0.02% |
4,477,572
+2,389,580
| +114% | +$56.7M |
|
|
ATVI
546
DELISTED
Activision Blizzard
ATVI
| $64.8M | 0.02% |
1,090,228
-454,171
| -29% | -$27M |
|
547
Lam Research
LRCX
$393B
| $64.7M | 0.02% |
2,696,080
+1,853,020
| +220% | +$53.4M |
|
548
CALL
LyondellBasell Industries
LYB
$21.8B
| $64.6M | 0.02% |
1,301,900
+261,700
| +25% | +$19.2M |
|
|
549
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
| $64.3M | 0.02% |
664,681
+29,745
| +5% | +$3.28M |
|
550
PUT
Occidental Petroleum
OXY
$61.3B
| $64M | 0.02% |
5,529,300
+200,500
| +4% | +$6.59M |
|
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.