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 | |
|---|---|---|---|---|---|---|
851
PUT
W.W. Grainger
GWW
$62.3B
| $33.8M | 0.01% |
135,900
-23,300
| -15% | -$6.89M |
|
852
CALL
iShares MSCI Mexico ETF
EWW
$1.79B
| $33.8M | 0.01% |
1,191,100
+503,400
| +73% | +$21M |
|
853
CALL
Lumen
LUMN
$5.85B
| $33.7M | 0.01% |
3,560,900
-537,600
| -13% | -$6.72M |
|
854
PUT
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $33.6M | 0.01% |
252,300
+227,200
| +905% | +$29.3M |
|
|
EXAS
855
DELISTED
Exact Sciences
EXAS
| $33.6M | 0.01% |
578,588
+294,690
| +104% | +$23.9M |
|
856
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$722M
| $33.6M | 0.01% |
8,390
-13,710
| -62% | -$24.4M |
|
857
Oracle
ORCL
$410B
| $33.5M | 0.01% |
694,030
-1,335,649
| -66% | -$68.9M |
|
858
CALL
AstraZeneca
AZN
$259B
| $33.5M | 0.01% |
375,000
+55,700
| +17% | +$5.24M |
|
859
PUT
Chewy
CHWY
$10B
| $33.5M | 0.01% |
892,300
+195,200
| +28% | +$5.73M |
|
860
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $33.4M | 0.01% |
680,314
+319,772
| +89% | +$18.9M |
|
861
CALL
Ciena
CIEN
$52.7B
| $33.3M | 0.01% |
837,300
-104,900
| -11% | -$4.3M |
|
|
KSU
862
PUT
DELISTED
Kansas City Southern
KSU
| $33.3M | 0.01% |
261,800
-118,900
| -31% | -$18.1M |
|
863
CALL
McKesson
MCK
$102B
| $33.3M | 0.01% |
246,100
+62,300
| +34% | +$9.13M |
|
864
CALL
First Solar
FSLR
$22.4B
| $33.2M | 0.01% |
921,500
+50,700
| +6% | +$2.41M |
|
865
PUT
Kimberly-Clark
KMB
$37B
| $33.2M | 0.01% |
259,600
-136,200
| -34% | -$18.8M |
|
866
Lowe's Companies
LOW
$122B
| $33.1M | 0.01% |
384,575
-1,303,918
| -77% | -$142M |
|
867
PUT
T. Rowe Price
TROW
$24B
| $33.1M | 0.01% |
338,600
+280,400
| +482% | +$34.3M |
|
868
PUT
C.H. Robinson
CHRW
$16.7B
| $33M | 0.01% |
499,100
+381,600
| +325% | +$27.4M |
|
869
CALL
State Street SPDR S&P Retail ETF
XRT
$329M
| $33M | 0.01% |
1,107,000
+141,900
| +15% | +$5.74M |
|
870
Occidental Petroleum
OXY
$60.1B
| $33M | 0.01% |
2,845,592
-600,646
| -17% | -$19.7M |
|
871
CALL
Capital One
COF
$133B
| $32.8M | 0.01% |
651,100
-107,800
| -14% | -$9.48M |
|
872
CALL
Etsy
ETSY
$7.99B
| $32.8M | 0.01% |
853,400
+418,700
| +96% | +$20.5M |
|
|
RSX
873
PUT
DELISTED
VanEck Russia ETF
RSX
| $32.8M | 0.01% |
1,965,700
-838,900
| -30% | -$18.7M |
|
874
PUT
Agnico Eagle Mines
AEM
$110B
| $32.7M | 0.01% |
822,800
-192,100
| -19% | -$10.1M |
|
875
CALL
iShares MSCI Japan ETF
EWJ
$22.4B
| $32.7M | 0.01% |
662,200
+553,100
| +507% | +$30.4M |
|
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.