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 | |
|---|---|---|---|---|---|---|
901
PUT
KKR & Co
KKR
$96.3B
| $31.5M | 0.01% |
1,340,400
+609,400
| +83% | +$17.5M |
|
902
CALL
Shake Shack
SHAK
$3.05B
| $31.4M | 0.01% |
830,800
+446,800
| +116% | +$26.4M |
|
903
Intuit
INTU
$101B
| $31.3M | 0.01% |
135,873
-88,276
| -39% | -$23.9M |
|
904
Charter Communications
CHTR
$17.9B
| $31.2M | 0.01% |
71,594
+15,212
| +27% | +$7.44M |
|
905
CALL
Agnico Eagle Mines
AEM
$110B
| $31.2M | 0.01% |
785,000
+30,100
| +4% | +$1.59M |
|
|
KSU
906
CALL
DELISTED
Kansas City Southern
KSU
| $31.2M | 0.01% |
245,300
-90,800
| -27% | -$13.9M |
|
907
PUT
O'Reilly Automotive
ORLY
$73.4B
| $31.2M | 0.01% |
1,554,000
-2,974,500
| -66% | -$76M |
|
908
DexCom
DXCM
$34.4B
| $31.2M | 0.01% |
462,780
+251,576
| +119% | +$15.7M |
|
909
PUT
Linde
LIN
$226B
| $31.1M | 0.01% |
179,900
+88,200
| +96% | +$17.4M |
|
910
Comcast
CMCSA
$95.9B
| $31.1M | 0.01% |
903,488
-462,681
| -34% | -$19.5M |
|
911
PUT
Macy's
M
$6.1B
| $31M | 0.01% |
6,321,700
-451,300
| -7% | -$6.12M |
|
|
AMTD
912
CALL
DELISTED
TD Ameritrade Holding Corp
AMTD
| $31M | 0.01% |
894,200
-936,800
| -51% | -$40.8M |
|
913
CALL
Illinois Tool Works
ITW
$80.9B
| $31M | 0.01% |
217,800
+36,700
| +20% | +$6.24M |
|
914
PUT
iShares Core US Aggregate Bond ETF
AGG
$138B
| $30.9M | 0.01% |
268,200
+258,300
| +2,609% | +$29.4M |
|
915
PUT
TAL Education Group
TAL
$6.37B
| $30.8M | 0.01% |
578,600
+21,900
| +4% | +$1.18M |
|
916
CALL
Planet Fitness
PLNT
$4.07B
| $30.8M | 0.01% |
632,100
+308,700
| +95% | +$21.5M |
|
917
CALL
Best Buy
BBY
$18.4B
| $30.7M | 0.01% |
539,000
-544,700
| -50% | -$43.2M |
|
918
PUT
Moody's
MCO
$88.6B
| $30.7M | 0.01% |
145,200
+62,100
| +75% | +$15.1M |
|
919
VanEck Intermediate Muni ETF
ITM
$2.12B
| $30.5M | 0.01% |
620,726
+607,064
| +4,443% | +$30.4M |
|
|
CERN
920
PUT
DELISTED
Cerner Corp
CERN
| $30.4M | 0.01% |
482,500
+322,900
| +202% | +$23M |
|
921
CALL
Sysco
SYY
$40.1B
| $30.4M | 0.01% |
666,000
+32,800
| +5% | +$2.27M |
|
922
PUT
Albemarle
ALB
$16.7B
| $30.4M | 0.01% |
538,600
-178,400
| -25% | -$13.7M |
|
923
CALL
PG&E
PCG
$39.9B
| $30.3M | 0.01% |
3,369,300
-1,574,600
| -32% | -$20.9M |
|
924
PUT
Hilton Worldwide
HLT
$74.3B
| $30.3M | 0.01% |
443,700
+347,600
| +362% | +$33.9M |
|
925
CALL
Sarepta Therapeutics
SRPT
$1.92B
| $30.2M | 0.01% |
308,800
-1,059,600
| -77% | -$121M |
|
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.