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 | |
|---|---|---|---|---|---|---|
951
Ford
F
$55.5B
| $28.7M | 0.01% |
5,941,135
-14,470,825
| -71% | -$108M |
|
952
CALL
Cheniere Energy
LNG
$58B
| $28.6M | 0.01% |
853,700
+608,500
| +248% | +$31.2M |
|
|
WWE
953
PUT
DELISTED
World Wrestling Entertainment
WWE
| $28.6M | 0.01% |
842,700
+56,300
| +7% | +$2.73M |
|
954
PUT
Zillow
Z
$8.33B
| $28.5M | 0.01% |
792,300
+145,800
| +23% | +$6.73M |
|
|
CTXS
955
PUT
DELISTED
Citrix Systems Inc
CTXS
| $28.5M | 0.01% |
201,500
-6,600
| -3% | -$787K |
|
956
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$42.9B
| $28.5M | 0.01% |
234,400
+36,000
| +18% | +$4.14M |
|
957
RH
RH
$2.71B
| $28.4M | 0.01% |
282,844
+185,483
| +191% | +$34.6M |
|
958
PUT
Diamondback Energy
FANG
$57.6B
| $28.4M | 0.01% |
1,084,100
+636,200
| +142% | +$40.1M |
|
|
FL
959
DELISTED
Foot Locker
FL
| $28.4M | 0.01% |
1,286,255
+187,902
| +17% | +$6.39M |
|
960
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $28.4M | 0.01% |
845,110
-95,898
| -10% | -$3.91M |
|
961
CALL
Genuine Parts
GPC
$18.7B
| $28.3M | 0.01% |
420,700
+154,500
| +58% | +$13.8M |
|
962
PUT
HCA Healthcare
HCA
$92.9B
| $28.3M | 0.01% |
314,600
+68,400
| +28% | +$8.86M |
|
|
DFS
963
PUT
DELISTED
Discover Financial Services
DFS
| $28.3M | 0.01% |
792,200
+281,000
| +55% | +$18.6M |
|
964
PUT
Ciena
CIEN
$52.7B
| $28.2M | 0.01% |
709,400
+170,700
| +32% | +$7M |
|
965
Equinix
EQIX
$104B
| $28.2M | 0.01% |
45,130
+18,496
| +69% | +$11.1M |
|
966
PUT
HP
HPQ
$26.1B
| $28.2M | 0.01% |
1,622,700
+150,200
| +10% | +$3.04M |
|
967
PUT
NovoCure
NVCR
$1.95B
| $28.1M | 0.01% |
417,900
+169,200
| +68% | +$13.4M |
|
968
CALL
Vanguard Real Estate ETF
VNQ
$39.3B
| $28.1M | 0.01% |
402,000
+193,800
| +93% | +$17M |
|
969
Take-Two Interactive
TTWO
$43.7B
| $28M | 0.01% |
236,320
+94,249
| +66% | +$11.1M |
|
970
PUT
Darden Restaurants
DRI
$25.6B
| $28M | 0.01% |
513,400
+399,300
| +350% | +$38.8M |
|
971
PUT
AstraZeneca
AZN
$259B
| $27.9M | 0.01% |
312,850
+116,850
| +60% | +$11M |
|
972
American International
AIG
$40.5B
| $27.9M | 0.01% |
1,150,598
+899,846
| +359% | +$38.6M |
|
973
PUT
Innovative Industrial Properties
IIPR
$1.57B
| $27.8M | 0.01% |
365,700
-79,800
| -18% | -$6.74M |
|
974
PUT
State Street SPDR S&P Bank ETF
KBE
$1.7B
| $27.8M | 0.01% |
1,029,800
+173,700
| +20% | +$6.95M |
|
975
CALL
ProShares UltraPro Short S&P 500
SPXU
$395M
| $27.7M | 0.01% |
11,500
-16,283
| -59% | -$36.6M |
|
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.