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 | |
|---|---|---|---|---|---|---|
876
CALL
Qorvo
QRVO
$8.41B
| $32.7M | 0.01% |
405,100
-165,100
| -29% | -$16.5M |
|
877
PUT
American International
AIG
$40.5B
| $32.6M | 0.01% |
1,344,700
+707,900
| +111% | +$30.4M |
|
878
PUT
NIO
NIO
$10.9B
| $32.6M | 0.01% |
11,712,200
-1,796,200
| -13% | -$6.69M |
|
879
CALL
Royal Bank of Canada
RY
$284B
| $32.6M | 0.01% |
529,000
+149,000
| +39% | +$11.1M |
|
880
CALL
Innovative Industrial Properties
IIPR
$1.57B
| $32.6M | 0.01% |
428,700
+7,200
| +2% | +$608K |
|
881
HSBC
HSBC
$357B
| $32.4M | 0.01% |
1,157,805
+971,722
| +522% | +$33.7M |
|
882
CALL
Whirlpool
WHR
$2.62B
| $32.4M | 0.01% |
377,800
+122,000
| +48% | +$16M |
|
883
PUT
Shake Shack
SHAK
$3.05B
| $32.3M | 0.01% |
855,000
+255,400
| +43% | +$15.1M |
|
884
PUT
PPG Industries
PPG
$25.2B
| $32.3M | 0.01% |
385,800
+230,500
| +148% | +$25.6M |
|
885
PUT
Generac Holdings
GNRC
$12B
| $32.2M | 0.01% |
346,100
+266,000
| +332% | +$27.4M |
|
886
CALL
Corning
GLW
$125B
| $32.2M | 0.01% |
1,569,100
+204,900
| +15% | +$5.34M |
|
887
iShares Silver Trust
SLV
$33.5B
| $32.2M | 0.01% |
2,467,060
+2,320,585
| +1,584% | +$36.5M |
|
888
CALL
Baxter International
BAX
$13.7B
| $32M | 0.01% |
394,700
-106,700
| -21% | -$9.21M |
|
889
CALL
SLB Ltd
SLB
$80.1B
| $32M | 0.01% |
2,373,700
+277,400
| +13% | +$8.03M |
|
890
PUT
S&P Global
SPGI
$128B
| $32M | 0.01% |
130,600
+500
| +0.4% | +$137K |
|
891
PUT
Phillips 66
PSX
$96.5B
| $32M | 0.01% |
595,900
+196,900
| +49% | +$16M |
|
892
PUT
PG&E
PCG
$39.9B
| $31.9M | 0.01% |
3,550,800
-1,651,400
| -32% | -$21.9M |
|
893
CALL
Stanley Black & Decker
SWK
$14.9B
| $31.9M | 0.01% |
318,900
+45,000
| +16% | +$6.43M |
|
894
Spotify
SPOT
$111B
| $31.9M | 0.01% |
262,340
+175,385
| +202% | +$24.8M |
|
895
Analog Devices
ADI
$181B
| $31.7M | 0.01% |
353,591
+216,513
| +158% | +$23.7M |
|
896
PUT
Fidelity National Information Services
FIS
$21.4B
| $31.7M | 0.01% |
260,500
+145,000
| +126% | +$20.1M |
|
897
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $31.7M | 0.01% |
120,500
-132,900
| -52% | -$45.1M |
|
|
MLNX
898
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $31.7M | 0.01% |
+260,963
| New | +$30.7M |
|
899
BP
BP
$113B
| $31.6M | 0.01% |
1,294,115
-256,986
| -17% | -$8.31M |
|
900
PepsiCo
PEP
$197B
| $31.5M | 0.01% |
262,609
-322,370
| -55% | -$43.6M |
|
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.