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 | |
|---|---|---|---|---|---|---|
601
PUT
Paycom
PAYC
$10.3B
| $55.9M | 0.02% |
276,600
-61,700
| -18% | -$16.9M |
|
602
PUT
Estee Lauder
EL
$36.9B
| $55.8M | 0.02% |
350,200
-50,000
| -12% | -$9.65M |
|
603
CALL
ProShares UltraPro QQQ
TQQQ
$35.8B
| $55.8M | 0.02% |
9,368,000
-4,867,200
| -34% | -$51M |
|
604
CALL
Dollar General
DG
$27.2B
| $55.6M | 0.02% |
368,000
-82,400
| -18% | -$12.7M |
|
|
ALXN
605
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $55.6M | 0.02% |
618,900
+177,300
| +40% | +$17.4M |
|
606
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$244M
| $55.3M | 0.02% |
3,569,000
-5,662,600
| -61% | -$154M |
|
607
CALL
Allstate
ALL
$64.2B
| $55.2M | 0.02% |
602,200
+183,000
| +44% | +$19.9M |
|
608
PUT
Cboe Global Markets
CBOE
$31.4B
| $55.2M | 0.02% |
618,400
+321,900
| +109% | +$36M |
|
609
PUT
Marathon Petroleum
MPC
$101B
| $54.9M | 0.02% |
2,323,800
-118,200
| -5% | -$5.45M |
|
610
SLB Ltd
SLB
$79.9B
| $54.7M | 0.02% |
4,053,420
+1,294,142
| +47% | +$37.4M |
|
611
CALL
Direxion Daily S&P 500 Bear 3x ETF
SPXS
$351M
| $54.6M | 0.02% |
34,250
+15,419
| +82% | +$22.9M |
|
612
CALL
Spotify
SPOT
$110B
| $54.6M | 0.02% |
449,500
-544,800
| -55% | -$77.1M |
|
613
PUT
Franco-Nevada
FNV
$51.3B
| $54.5M | 0.02% |
547,900
-1,489,400
| -73% | -$162M |
|
614
iShares US Real Estate ETF
IYR
$4.62B
| $54.5M | 0.02% |
783,517
+656,896
| +519% | +$58.1M |
|
|
NLSN
615
CALL
DELISTED
Nielsen Holdings plc
NLSN
| $54.4M | 0.02% |
4,339,200
+4,174,600
| +2,536% | +$78.2M |
|
616
PUT
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $54.3M | 0.02% |
1,619,500
+72,600
| +5% | +$2.96M |
|
617
CALL
Exelon
EXC
$45.1B
| $54.2M | 0.02% |
2,065,006
+1,524,956
| +282% | +$48M |
|
618
PUT
ProShares UltraPro Short QQQ
SQQQ
$1.85B
| $54.2M | 0.02% |
4,455
+1,359
| +44% | +$17.8M |
|
619
PUT
Veeva Systems
VEEV
$40.3B
| $53.9M | 0.02% |
344,600
-48,800
| -12% | -$7.15M |
|
620
PUT
KraneShares CSI China Internet ETF
KWEB
$5.27B
| $53.9M | 0.02% |
1,190,200
+292,300
| +33% | +$14.4M |
|
621
PUT
Sherwin-Williams
SHW
$84.1B
| $53.7M | 0.02% |
350,700
+107,400
| +44% | +$19.4M |
|
622
CVS Health
CVS
$119B
| $53.6M | 0.02% |
903,210
+462,616
| +105% | +$30.9M |
|
623
CALL
Intercontinental Exchange
ICE
$90.5B
| $53M | 0.02% |
656,900
+362,200
| +123% | +$32.8M |
|
624
Lockheed Martin
LMT
$130B
| $52.9M | 0.02% |
156,016
+25,946
| +20% | +$10.2M |
|
625
CALL
Live Nation Entertainment
LYV
$42.4B
| $52.8M | 0.02% |
1,160,600
+949,000
| +448% | +$58.6M |
|
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.