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 | |
|---|---|---|---|---|---|---|
701
PUT
State Street SPDR S&P Retail ETF
XRT
$328M
| $43.9M | 0.01% |
1,472,900
+290,000
| +25% | +$11.7M |
|
702
PUT
Trip.com Group
TCOM
$29B
| $43.8M | 0.01% |
1,869,800
+1,047,300
| +127% | +$32.6M |
|
703
PUT
Motorola Solutions
MSI
$79.6B
| $43.7M | 0.01% |
328,800
+37,300
| +13% | +$6.26M |
|
704
CALL
Prudential Financial
PRU
$42.1B
| $43.4M | 0.01% |
832,200
+188,200
| +29% | +$15M |
|
705
PUT
Dow Inc
DOW
$22.7B
| $43.4M | 0.01% |
1,483,900
+686,900
| +86% | +$29.2M |
|
706
CALL
Yum! Brands
YUM
$42.9B
| $43.4M | 0.01% |
632,800
-46,600
| -7% | -$4.35M |
|
707
Broadcom
AVGO
$1.72T
| $43.3M | 0.01% |
1,827,960
-585,440
| -24% | -$16.5M |
|
708
CALL
Aflac
AFL
$59.2B
| $43.2M | 0.01% |
1,262,900
+254,000
| +25% | +$11.6M |
|
709
iShares Russell 2000 Growth ETF
IWO
$15B
| $43.1M | 0.01% |
272,635
+266,927
| +4,676% | +$53M |
|
710
PUT
SolarEdge
SEDG
$1.85B
| $43M | 0.01% |
525,600
-206,300
| -28% | -$21.8M |
|
711
CALL
Consolidated Edison
ED
$39.9B
| $42.9M | 0.01% |
550,400
+266,900
| +94% | +$23.4M |
|
712
PUT
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
| $42.7M | 0.01% |
790,700
+741,800
| +1,517% | +$47.1M |
|
713
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$300M
| $42.7M | 0.01% |
2,656,000
+499,300
| +23% | +$10.8M |
|
|
AGN
714
CALL
DELISTED
Allergan plc
AGN
| $42.7M | 0.01% |
241,100
-1,018,900
| -81% | -$192M |
|
715
PUT
Sarepta Therapeutics
SRPT
$1.92B
| $42.7M | 0.01% |
436,100
-433,800
| -50% | -$49.6M |
|
716
JPMorgan Ultra-Short Income ETF
JPST
$40.8B
| $42.6M | 0.01% |
+858,552
| New | +$43.2M |
|
717
CALL
Wheaton Precious Metals
WPM
$72.5B
| $42.4M | 0.01% |
1,541,900
-166,900
| -10% | -$4.82M |
|
718
PUT
Edwards Lifesciences
EW
$52.5B
| $42.4M | 0.01% |
674,700
-153,900
| -19% | -$11.1M |
|
719
PUT
Microchip Technology
MCHP
$40.2B
| $42.4M | 0.01% |
1,250,800
+193,200
| +18% | +$9.09M |
|
|
GRUB
720
CALL
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $42.4M | 0.01% |
520,450
-306,650
| -37% | -$30.1M |
|
|
HES
721
CALL
DELISTED
Hess
HES
| $42.4M | 0.01% |
1,272,800
+197,500
| +18% | +$10.7M |
|
722
PUT
Live Nation Entertainment
LYV
$43B
| $42.3M | 0.01% |
930,500
+845,700
| +997% | +$52.2M |
|
723
Delta Air Lines
DAL
$54.3B
| $42.2M | 0.01% |
1,480,655
+691,722
| +88% | +$34.3M |
|
724
CALL
GDS Holdings
GDS
$6.4B
| $42.1M | 0.01% |
725,900
-157,900
| -18% | -$8.8M |
|
725
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.78B
| $42M | 0.01% |
1,277,319
+749,003
| +142% | +$49.6M |
|
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.