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 | |
|---|---|---|---|---|---|---|
751
CALL
T. Rowe Price
TROW
$24B
| $40.2M | 0.01% |
411,500
+181,600
| +79% | +$22.2M |
|
752
PUT
iShares Semiconductor ETF
SOXX
$41.3B
| $40.1M | 0.01% |
586,800
+77,700
| +15% | +$6.15M |
|
753
CALL
Willis Towers Watson
WTW
$32.6B
| $40M | 0.01% |
235,400
+144,400
| +159% | +$28.4M |
|
|
RDS.A
754
CALL
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $39.9M | 0.01% |
1,144,300
+400,400
| +54% | +$18.7M |
|
755
CALL
DaVita
DVA
$11.3B
| $39.9M | 0.01% |
524,800
+69,900
| +15% | +$5.5M |
|
|
LKFT
756
CALL
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.9B
| $39.9M | 0.01% |
203,700
+175,100
| +612% | +$37.7M |
|
757
CALL
Ecolab
ECL
$80.4B
| $39.9M | 0.01% |
255,800
+82,300
| +47% | +$15.5M |
|
758
PUT
Seagate
STX
$180B
| $39.9M | 0.01% |
816,600
-276,400
| -25% | -$14.8M |
|
759
PUT
United States Natural Gas Fund
UNG
$511M
| $39.8M | 0.01% |
791,850
-354,950
| -31% | -$20.6M |
|
760
CALL
Hershey
HSY
$38.2B
| $39.7M | 0.01% |
299,400
-138,500
| -32% | -$20.4M |
|
761
CALL
HP
HPQ
$26.1B
| $39.6M | 0.01% |
2,282,700
+1,646,400
| +259% | +$33.3M |
|
762
CALL
D.R. Horton
DHI
$41.7B
| $39.6M | 0.01% |
1,164,300
+264,700
| +29% | +$13.8M |
|
763
CALL
Aon
AON
$76.2B
| $39.6M | 0.01% |
239,800
+142,000
| +145% | +$29.1M |
|
764
PUT
TransDigm Group
TDG
$66.3B
| $39.4M | 0.01% |
123,200
+21,400
| +21% | +$11.7M |
|
765
CALL
DexCom
DXCM
$34.4B
| $39.4M | 0.01% |
585,600
+1,600
| +0.3% | +$99.6K |
|
766
PUT
American Electric Power
AEP
$66.4B
| $39.3M | 0.01% |
491,000
+406,200
| +479% | +$38.4M |
|
767
CALL
Kinder Morgan
KMI
$69B
| $39.2M | 0.01% |
2,817,100
-1,436,100
| -34% | -$27.3M |
|
|
ABMD
768
PUT
DELISTED
Abiomed Inc
ABMD
| $39.2M | 0.01% |
270,100
-341,600
| -56% | -$56.7M |
|
769
Intuitive Surgical
ISRG
$132B
| $39.2M | 0.01% |
237,486
+68,478
| +41% | +$12.5M |
|
770
CALL
Dollar Tree
DLTR
$26.3B
| $39.2M | 0.01% |
533,400
-417,200
| -44% | -$35.5M |
|
|
FL
771
PUT
DELISTED
Foot Locker
FL
| $39.2M | 0.01% |
1,775,700
+313,400
| +21% | +$10.7M |
|
772
PUT
Rio Tinto
RIO
$170B
| $39.1M | 0.01% |
859,200
+479,000
| +126% | +$24.6M |
|
773
PUT
Crown Castle
CCI
$32.5B
| $39.1M | 0.01% |
264,300
-195,500
| -43% | -$29.2M |
|
774
Dell
DELL
$280B
| $39.1M | 0.01% |
1,950,088
+209,054
| +12% | +$4.82M |
|
775
CALL
Five Below
FIVE
$14.5B
| $39.1M | 0.01% |
555,400
-73,500
| -12% | -$7.48M |
|
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.