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 | |
|---|---|---|---|---|---|---|
651
CALL
Novartis
NVS
$302B
| $50.1M | 0.02% |
607,500
+43,800
| +8% | +$3.91M |
|
652
Biogen
BIIB
$32B
| $50.1M | 0.02% |
158,265
-62,521
| -28% | -$19M |
|
653
CALL
S&P Global
SPGI
$127B
| $49.9M | 0.02% |
203,700
+104,000
| +104% | +$28.5M |
|
654
PUT
Valero Energy
VLO
$100B
| $49.9M | 0.02% |
1,100,000
-29,300
| -3% | -$2.13M |
|
655
T-Mobile US
TMUS
$196B
| $49.9M | 0.02% |
594,653
+468,698
| +372% | +$39.7M |
|
656
PUT
Yum! Brands
YUM
$41.8B
| $49.7M | 0.02% |
724,800
+244,900
| +51% | +$22.8M |
|
657
PUT
Marvell Technology
MRVL
$213B
| $49.3M | 0.02% |
2,177,500
+135,200
| +7% | +$3.24M |
|
|
BMY.RT
658
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
| $49.3M | 0.02% |
12,967,497
-3,894,942
| -23% | -$12.8M |
|
659
PUT
Carnival Corporation Ltd
CCL
$35.2B
| $49.2M | 0.02% |
3,737,100
+2,780,000
| +290% | +$98.9M |
|
660
Roku
ROKU
$23.4B
| $49.1M | 0.02% |
561,754
-1,382,406
| -71% | -$159M |
|
661
PUT
Kroger
KR
$35.5B
| $48.7M | 0.02% |
1,615,600
+192,900
| +14% | +$5.66M |
|
662
CALL
Pinterest
PINS
$13.3B
| $48.5M | 0.02% |
3,138,100
+557,300
| +22% | +$10.9M |
|
663
Nike
NKE
$60.5B
| $48.4M | 0.02% |
584,507
+172,722
| +42% | +$16.1M |
|
|
664
PUT
Pinterest
PINS
$13.3B
| $47.7M | 0.02% |
3,086,600
+1,447,800
| +88% | +$28.2M |
|
665
CALL
O'Reilly Automotive
ORLY
$72.1B
| $47.4M | 0.02% |
2,364,000
+807,000
| +52% | +$20.6M |
|
666
CALL
Travelers Companies
TRV
$75.8B
| $47.4M | 0.02% |
477,400
+110,300
| +30% | +$13.7M |
|
667
PUT
Vanguard S&P 500 ETF
VOO
$1.02T
| $47.3M | 0.02% |
199,700
-1,700
| -0.8% | -$476K |
|
668
PUT
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
| $47.3M | 0.02% |
515,700
+422,500
| +453% | +$38.7M |
|
669
PUT
VanEck Junior Gold Miners ETF
GDXJ
$9.76B
| $47.3M | 0.02% |
1,681,500
-1,581,100
| -48% | -$60.1M |
|
670
PUT
Newmont
NEM
$139B
| $47.1M | 0.02% |
1,040,800
-1,769,600
| -63% | -$79.8M |
|
671
CALL
Analog Devices
ADI
$182B
| $46.9M | 0.01% |
523,600
-140,400
| -21% | -$15.3M |
|
672
Shopify
SHOP
$192B
| $46.8M | 0.01% |
1,121,420
-494,180
| -31% | -$22.3M |
|
673
CALL
TSMC
TSM
$2.17T
| $46.8M | 0.01% |
978,300
+341,900
| +54% | +$18.7M |
|
674
PUT
Bausch Health
BHC
$2.41B
| $46.7M | 0.01% |
3,011,000
-1,329,000
| -31% | -$32M |
|
|
675
CALL
Marvell Technology
MRVL
$213B
| $46.6M | 0.01% |
2,060,900
+388,500
| +23% | +$9.31M |
|
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.