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 | |
|---|---|---|---|---|---|---|
551
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.57B
| $63.3M | 0.02% |
2,446,800
+998,400
| +69% | +$28.3M |
|
|
DOCU
552
PUT
DocuSign
DOCU
$11.8B
| $63.3M | 0.02% |
685,500
-390,800
| -36% | -$31.4M |
|
553
CALL
BHP
BHP
$246B
| $63.3M | 0.02% |
1,932,940
+1,051,610
| +119% | +$43.9M |
|
554
PUT
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.66B
| $63.1M | 0.02% |
665,700
+5,000
| +0.8% | +$525K |
|
555
PUT
Ferrari
RACE
$76.7B
| $63M | 0.02% |
412,600
-111,800
| -21% | -$18M |
|
556
Costco
COST
$420B
| $62.8M | 0.02% |
220,275
-585,518
| -73% | -$178M |
|
557
CALL
American Electric Power
AEP
$65.8B
| $62.6M | 0.02% |
783,000
-111,800
| -12% | -$10.6M |
|
558
CALL
Intuit
INTU
$100B
| $62.3M | 0.02% |
270,900
-16,400
| -6% | -$4.44M |
|
559
Cigna
CI
$73.3B
| $62.3M | 0.02% |
351,524
-344,964
| -50% | -$66.9M |
|
560
PUT
Snap
SNAP
$8.86B
| $62.3M | 0.02% |
5,237,400
-5,468,700
| -51% | -$83.9M |
|
561
CALL
Rio Tinto
RIO
$171B
| $61.9M | 0.02% |
1,358,600
+403,400
| +42% | +$20.7M |
|
|
X
562
PUT
DELISTED
US Steel
X
| $61.9M | 0.02% |
9,802,200
+2,943,100
| +43% | +$24.7M |
|
563
PayPal
PYPL
$52.7B
| $61.8M | 0.02% |
645,618
-940,739
| -59% | -$104M |
|
564
CALL
Southwest Airlines
LUV
$19.8B
| $61.4M | 0.02% |
1,723,400
+1,093,800
| +174% | +$54.2M |
|
565
CALL
NetEase
NTES
$82.1B
| $61M | 0.02% |
950,000
-1,060,000
| -53% | -$69.7M |
|
|
566
PUT
Southwest Airlines
LUV
$19.8B
| $60.8M | 0.02% |
1,708,200
+1,115,400
| +188% | +$55.3M |
|
|
PPLI
567
PUT
People Inc
PPLI
$2.86B
| $60.6M | 0.02% |
1,891,248
-3,357
| -0.2% | -$133K |
|
568
CALL
Chubb
CB
$132B
| $60.4M | 0.02% |
541,100
+286,600
| +113% | +$41.1M |
|
569
CALL
Automatic Data Processing
ADP
$112B
| $60.4M | 0.02% |
441,900
+119,000
| +37% | +$19.2M |
|
570
CALL
Hilton Worldwide
HLT
$73.5B
| $60.3M | 0.02% |
884,000
+652,200
| +281% | +$63.5M |
|
|
B
571
Barrick Mining
B
$78.3B
| $60.3M | 0.02% |
3,288,826
+345,796
| +12% | +$6.48M |
|
|
VMW
572
CALL
DELISTED
VMware, Inc
VMW
| $59.8M | 0.02% |
493,900
-82,300
| -14% | -$11.3M |
|
573
CALL
MetLife
MET
$60B
| $59.7M | 0.02% |
1,954,100
-283,600
| -13% | -$12.6M |
|
574
CALL
iShares Silver Trust
SLV
$33.8B
| $59.7M | 0.02% |
4,574,800
-6,487,900
| -59% | -$102M |
|
575
CALL
US Bancorp
USB
$96.7B
| $59.4M | 0.02% |
1,722,800
-350,700
| -17% | -$16.9M |
|
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.