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 | |
|---|---|---|---|---|---|---|
76
PUT
Costco
COST
$420B
| $611M | 0.19% |
2,100,200
-151,900
| -7% | -$46.1M |
|
77
PUT
Intel
INTC
$476B
| $602M | 0.19% |
11,122,900
+2,873,300
| +35% | +$170M |
|
78
PUT
IBM
IBM
$222B
| $593M | 0.19% |
5,596,205
+2,455,590
| +78% | +$311M |
|
79
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $580M | 0.18% |
17,622,700
+14,213,225
| +417% | +$941M |
|
80
CALL
Mastercard
MA
$509B
| $579M | 0.18% |
2,395,000
+365,500
| +18% | +$109M |
|
81
CALL
Walmart Inc
WMT
$825B
| $570M | 0.18% |
15,057,000
+1,886,100
| +14% | +$72.6M |
|
82
Berkshire Hathaway Class B
BRK.B
$1.06T
| $570M | 0.18% |
3,118,654
-12,156
| -0.4% | -$2.58M |
|
83
PUT
Cisco
CSCO
$438B
| $567M | 0.18% |
14,423,600
+6,842,600
| +90% | +$300M |
|
84
CALL
Shopify
SHOP
$192B
| $564M | 0.18% |
13,535,000
-3,317,000
| -20% | -$150M |
|
85
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $563M | 0.18% |
15,001,800
-4,727,900
| -24% | -$192M |
|
|
86
iShares Russell 2000 ETF
IWM
$81.9B
| $559M | 0.18% |
4,886,683
+3,787,445
| +345% | +$565M |
|
87
NVIDIA
NVDA
$5.2T
| $556M | 0.18% |
84,443,840
-21,776,800
| -21% | -$137M |
|
88
PUT
Micron Technology
MU
$1.09T
| $553M | 0.18% |
13,138,100
-2,345,800
| -15% | -$122M |
|
89
PUT
Home Depot
HD
$335B
| $550M | 0.18% |
2,947,700
-1,025,400
| -26% | -$225M |
|
90
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $550M | 0.17% |
4,449,400
+4,042,800
| +994% | +$515M |
|
91
PUT
Salesforce
CRM
$171B
| $549M | 0.17% |
3,810,300
-1,720,100
| -31% | -$295M |
|
92
PUT
Johnson & Johnson
JNJ
$651B
| $547M | 0.17% |
4,171,800
+1,025,200
| +33% | +$145M |
|
93
PUT
McDonald's
MCD
$192B
| $539M | 0.17% |
3,262,700
+1,020,000
| +45% | +$201M |
|
|
94
Mastercard
MA
$509B
| $536M | 0.17% |
2,220,742
+431,887
| +24% | +$128M |
|
95
CALL
UnitedHealth
UNH
$350B
| $526M | 0.17% |
2,109,900
-318,100
| -13% | -$87.5M |
|
|
96
CALL
Salesforce
CRM
$171B
| $522M | 0.17% |
3,624,900
-580,500
| -14% | -$99.5M |
|
|
97
Alphabet (Google) Class C
GOOG
$4.18T
| $521M | 0.17% |
8,955,120
+390,180
| +5% | +$26.5M |
|
|
98
CALL
Costco
COST
$420B
| $513M | 0.16% |
1,761,100
+478,700
| +37% | +$145M |
|
99
PUT
Procter & Gamble
PG
$336B
| $511M | 0.16% |
4,647,300
+1,554,800
| +50% | +$187M |
|
100
PUT
Starbucks
SBUX
$122B
| $495M | 0.16% |
7,536,200
+3,525,300
| +88% | +$285M |
|
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.