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 | |
|---|---|---|---|---|---|---|
626
CALL
Edwards Lifesciences
EW
$52.5B
| $52.8M | 0.02% |
839,100
+69,000
| +9% | +$4.98M |
|
|
IRBT
627
CALL
DELISTED
iRobot
IRBT
| $52.7M | 0.02% |
1,287,800
-15,400
| -1% | -$739K |
|
628
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
$17.4B
| $52.6M | 0.02% |
+531,757
| New | +$53.8M |
|
629
Vale
VALE
$63.7B
| $52.6M | 0.02% |
6,339,549
+2,702,119
| +74% | +$29.4M |
|
630
PUT
Norfolk Southern
NSC
$79B
| $52.5M | 0.02% |
359,600
+1,200
| +0.3% | +$222K |
|
631
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $52.5M | 0.02% |
199,600
+8,300
| +4% | +$2.81M |
|
|
632
CALL
United States Oil Fund
USO
$2.07B
| $52.4M | 0.02% |
1,554,838
-53,462
| -3% | -$4.12M |
|
633
CALL
Royal Caribbean
RCL
$78.4B
| $52.3M | 0.02% |
1,625,200
+1,336,400
| +463% | +$122M |
|
634
iShares MSCI ACWI ETF
ACWI
$33.1B
| $52.3M | 0.02% |
835,404
+543,576
| +186% | +$40.3M |
|
635
PUT
Mondelez International
MDLZ
$82.5B
| $52.2M | 0.02% |
1,042,900
+435,500
| +72% | +$23.6M |
|
636
PUT
MetLife
MET
$61B
| $52.2M | 0.02% |
1,706,300
+92,000
| +6% | +$4.08M |
|
637
PUT
DexCom
DXCM
$34.6B
| $52.1M | 0.02% |
773,600
-1,426,400
| -65% | -$88.8M |
|
|
NEE.PRP
638
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
| $52M | 0.02% |
+1,205,000
| New | +$50.5M |
|
639
PUT
Best Buy
BBY
$18.5B
| $51.9M | 0.02% |
910,900
+157,800
| +21% | +$12.5M |
|
|
PPL
640
CALL
PPL Corp
PPL
$26.4B
| $51.7M | 0.02% |
2,096,600
+331,000
| +19% | +$10.7M |
|
|
COUP
641
PUT
DELISTED
Coupa Software Incorporated
COUP
| $51.7M | 0.02% |
370,000
-309,400
| -46% | -$47.9M |
|
|
XLNX
642
CALL
DELISTED
Xilinx Inc
XLNX
| $51.6M | 0.02% |
662,600
-456,400
| -41% | -$39.8M |
|
643
PUT
Spotify
SPOT
$110B
| $51.6M | 0.02% |
425,000
-91,500
| -18% | -$13M |
|
644
PUT
Viatris
VTRS
$18.9B
| $51.4M | 0.02% |
3,450,600
+1,027,500
| +42% | +$19.7M |
|
645
CALL
eBay
EBAY
$47.5B
| $51M | 0.02% |
1,695,400
+186,900
| +12% | +$6.51M |
|
646
PUT
Virgin Galactic
SPCE
$459M
| $50.4M | 0.02% |
170,605
+151,945
| +814% | +$57.7M |
|
647
PUT
Duke Energy
DUK
$95.3B
| $50.4M | 0.02% |
623,000
+410,800
| +194% | +$37.7M |
|
648
PUT
Martin Marietta Materials
MLM
$32B
| $50.4M | 0.02% |
266,200
+64,400
| +32% | +$15.4M |
|
649
Amgen
AMGN
$240B
| $50.3M | 0.02% |
247,946
-186,746
| -43% | -$40.8M |
|
650
Teladoc Health
TDOC
$1.14B
| $50.1M | 0.02% |
323,202
+184,769
| +133% | +$21.5M |
|
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.