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 | |
|---|---|---|---|---|---|---|
576
PUT
Ford
F
$57.5B
| $59.3M | 0.02% |
12,279,600
-9,982,800
| -45% | -$74.8M |
|
577
PUT
T-Mobile US
TMUS
$196B
| $59.3M | 0.02% |
706,800
-60,900
| -8% | -$5.15M |
|
578
CALL
Stryker
SYK
$126B
| $59.3M | 0.02% |
355,900
+152,500
| +75% | +$29.8M |
|
|
LK
579
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $59.2M | 0.02% |
2,178,593
+2,060,434
| +1,744% | +$75.9M |
|
580
CALL
Emerson Electric
EMR
$87.7B
| $59.2M | 0.02% |
1,241,800
-120,900
| -9% | -$7.96M |
|
581
PUT
Waste Management
WM
$89.6B
| $59.1M | 0.02% |
639,000
+231,100
| +57% | +$26.5M |
|
582
Teva Pharmaceuticals
TEVA
$43.5B
| $59.1M | 0.02% |
6,578,463
-90,425
| -1% | -$926K |
|
583
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $58.9M | 0.02% |
2,617,000
-1,630,800
| -38% | -$44.8M |
|
584
JD.com
JD
$39.7B
| $58.4M | 0.02% |
1,441,604
+680,064
| +89% | +$27.2M |
|
585
CALL
Ambarella
AMBA
$3.23B
| $58.2M | 0.02% |
1,199,200
+577,500
| +93% | +$33.1M |
|
586
CALL
Franco-Nevada
FNV
$51.3B
| $57.9M | 0.02% |
581,900
+186,500
| +47% | +$20.2M |
|
587
PUT
RingCentral
RNG
$5.6B
| $57.5M | 0.02% |
271,400
+164,000
| +153% | +$33.8M |
|
588
CALL
Equinix
EQIX
$105B
| $57.5M | 0.02% |
92,000
+39,200
| +74% | +$23.5M |
|
|
AGN
589
DELISTED
Allergan plc
AGN
| $57.4M | 0.02% |
324,281
-182,559
| -36% | -$34.4M |
|
590
CALL
VanEck Junior Gold Miners ETF
GDXJ
$9.76B
| $57.4M | 0.02% |
2,042,900
-860,500
| -30% | -$32.7M |
|
591
CALL
ASML
ASML
$677B
| $57.2M | 0.02% |
218,800
+71,800
| +49% | +$20.4M |
|
592
General Motors
GM
$77.2B
| $57.1M | 0.02% |
2,746,502
+895,361
| +48% | +$27.3M |
|
593
CALL
Nucor
NUE
$55.3B
| $57M | 0.02% |
1,582,500
+197,800
| +14% | +$8.78M |
|
594
PUT
iShares Silver Trust
SLV
$33.8B
| $56.9M | 0.02% |
4,363,700
+1,464,800
| +51% | +$23M |
|
595
PUT
iShares MSCI South Korea ETF
EWY
$27.7B
| $56.9M | 0.02% |
1,212,200
+409,900
| +51% | +$23.1M |
|
596
State Street Utilities Select Sector SPDR ETF
XLU
$22B
| $56.9M | 0.02% |
2,052,336
+1,692,428
| +470% | +$54.1M |
|
597
Uber
UBER
$161B
| $56.6M | 0.02% |
2,028,023
-2,141,017
| -51% | -$70.5M |
|
598
CALL
Simon Property Group
SPG
$70.6B
| $56.5M | 0.02% |
1,030,300
+737,200
| +252% | +$88.2M |
|
|
599
CALL
Waste Management
WM
$89.6B
| $56.1M | 0.02% |
605,700
+331,300
| +121% | +$38M |
|
600
PUT
Dollar General
DG
$27.2B
| $55.9M | 0.02% |
370,100
-131,200
| -26% | -$20.3M |
|
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.