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 | Miscellaneous | 92.04% |
| 2 | Technology | 2.01% |
| 3 | Communication Services | 1.39% |
| 4 | Financials | 0.98% |
| 5 | Consumer Discretionary | 0.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
8201
PUT
Horizon Technology Finance
HRZN
$315M
| $259K | ﹤0.01% |
31,900
+1,300
| +4% | +$15.3K |
|
8202
Bank of N.T. Butterfield & Son
NTB
$2.33B
| $259K | ﹤0.01% |
+15,223
| New | +$447K |
|
8203
PUT
Old National Bancorp
ONB
$9.89B
| $259K | ﹤0.01% |
+19,600
| New | +$327K |
|
|
TPCO
8204
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $259K | ﹤0.01% |
+31,897
| New | +$353K |
|
|
BDSI
8205
PUT
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $259K | ﹤0.01% |
68,300
+4,800
| +8% | +$23.6K |
|
8206
CALL
Hess Midstream
HESM
$5.08B
| $258K | ﹤0.01% |
25,400
-26,100
| -51% | -$491K |
|
8207
Kirby Corp
KEX
$7.34B
| $258K | ﹤0.01% |
5,925
+3,546
| +149% | +$241K |
|
8208
PUT
Gibraltar Industries
ROCK
$1.34B
| $258K | ﹤0.01% |
6,000
-51,800
| -90% | -$2.59M |
|
8209
PUT
SPX Corp
SPXC
$9.95B
| $258K | ﹤0.01% |
+7,900
| New | +$356K |
|
8210
Tenable Holdings
TENB
$4.15B
| $258K | ﹤0.01% |
11,807
-20,149
| -63% | -$498K |
|
8211
Townsquare Media
TSQ
$105M
| $258K | ﹤0.01% |
56,057
+42,674
| +319% | +$353K |
|
|
JCP
8212
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
| $258K | ﹤0.01% |
716,700
-397,300
| -36% | -$280K |
|
8213
Airgain
AIRG
$67.6M
| $257K | ﹤0.01% |
34,761
-86,728
| -71% | -$754K |
|
|
LBRDA
8214
PUT
DELISTED
Liberty Broadband Class A
LBRDA
| $257K | ﹤0.01% |
2,400
| – | – |
|
|
RDUS
8215
PUT
DELISTED
Radius Recycling
RDUS
| $257K | ﹤0.01% |
19,700
-4,000
| -17% | -$67K |
|
|
SCHV
8216
CALL
Schwab US Large-Cap Value ETF
SCHV
$15.8B
| $257K | ﹤0.01% |
17,400
-18,000
| -51% | -$330K |
|
|
TGI
8217
DELISTED
Triumph Group
TGI
| $257K | ﹤0.01% |
+38,050
| New | +$695K |
|
8218
CALL
V2X
VVX
$2.44B
| $257K | ﹤0.01% |
+6,200
| New | +$316K |
|
|
NTP
8219
DELISTED
Nam Tai Property Inc.
NTP
| $257K | ﹤0.01% |
46,818
+34,801
| +290% | +$257K |
|
|
ARR
8220
Armour Residential REIT
ARR
$2.31B
| $256K | ﹤0.01% |
+5,820
| New | +$497K |
|
8221
A10 Networks
ATEN
$1.87B
| $256K | ﹤0.01% |
41,191
-10,257
| -20% | -$65.6K |
|
8222
CALL
VanEck Biotech ETF
BBH
$460M
| $256K | ﹤0.01% |
2,000
-7,400
| -79% | -$997K |
|
8223
CALL
HealthStream
HSTM
$859M
| $256K | ﹤0.01% |
+10,700
| New | +$269K |
|
|
IGR
8224
CBRE Global Real Estate Income Fund
IGR
$693M
| $256K | ﹤0.01% |
48,842
+37,012
| +313% | +$270K |
|
8225
PUT
Morningstar
MORN
$8.16B
| $256K | ﹤0.01% |
2,200
-6,900
| -76% | -$1,000K |
|
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's Q1 2020 filing shows 1,843 new, 4,539 increased, 3,686 reduced and 1,300 closed positions. Its largest new stake was Invesco DB US Dollar Index Bullish Fund: 8,692,802 shares worth $233M. The largest sale was Amazon, an estimated $946M.
By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, up from 89% a quarter earlier, followed by Technology and Communication Services.
- 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.