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 | |
|---|---|---|---|---|---|---|
976
CALL
Dropbox
DBX
$7.58B
| $27.6M | 0.01% |
1,527,100
+880,800
| +136% | +$16M |
|
977
Waste Management
WM
$90.5B
| $27.6M | 0.01% |
298,604
+84,960
| +40% | +$9.75M |
|
|
STMP
978
PUT
DELISTED
Stamps.com, Inc.
STMP
| $27.6M | 0.01% |
211,900
-65,400
| -24% | -$6.86M |
|
979
PUT
Vail Resorts
MTN
$5.35B
| $27.5M | 0.01% |
186,000
+121,000
| +186% | +$26M |
|
980
PUT
HubSpot
HUBS
$12.2B
| $27.4M | 0.01% |
205,900
+20,900
| +11% | +$3.47M |
|
981
PUT
Qorvo
QRVO
$8.41B
| $27.4M | 0.01% |
340,100
-196,000
| -37% | -$19.6M |
|
|
DISH
982
PUT
DELISTED
DISH Network Corp.
DISH
| $27.2M | 0.01% |
1,361,700
-681,200
| -33% | -$22.1M |
|
983
PUT
ProShares Ultra S&P500
SSO
$8.36B
| $27.2M | 0.01% |
2,446,400
-1,396,000
| -36% | -$23.6M |
|
|
BZUN
984
PUT
Baozun
BZUN
$164M
| $27.1M | 0.01% |
970,800
-175,600
| -15% | -$5.53M |
|
985
AT&T
T
$176B
| $27M | 0.01% |
1,226,032
-7,107,536
| -85% | -$194M |
|
986
CALL
Enterprise Products Partners
EPD
$82.8B
| $27M | 0.01% |
1,887,500
+1,029,600
| +120% | +$23.9M |
|
987
AutoZone
AZO
$49.1B
| $27M | 0.01% |
31,861
-1,249
| -4% | -$1.3M |
|
988
CALL
MGM Resorts International
MGM
$11B
| $26.9M | 0.01% |
2,280,000
+1,012,000
| +80% | +$26M |
|
989
United States Natural Gas Fund
UNG
$511M
| $26.9M | 0.01% |
+535,786
| New | +$31.1M |
|
990
PUT
Energy Transfer Partners
ET
$72.6B
| $26.9M | 0.01% |
5,836,800
-3,490,600
| -37% | -$37.2M |
|
991
State Street Industrial Select Sector SPDR ETF
XLI
$33.2B
| $26.8M | 0.01% |
454,728
+61,750
| +16% | +$4.65M |
|
992
PUT
Bath & Body Works
BBWI
$3.86B
| $26.8M | 0.01% |
2,868,232
-349,824
| -11% | -$5.55M |
|
993
PUT
TripAdvisor
TRIP
$1.19B
| $26.7M | 0.01% |
1,533,100
+893,600
| +140% | +$22.6M |
|
994
CALL
Old National Bancorp
ONB
$9.86B
| $26.6M | 0.01% |
2,018,600
-417,800
| -17% | -$6.97M |
|
|
FAZ
995
PUT
Direxion Daily Financial Bear 3x ETF
FAZ
$87.4M
| $26.6M | 0.01% |
8,759
+5,054
| +136% | +$13.5M |
|
996
CALL
W.W. Grainger
GWW
$62.3B
| $26.5M | 0.01% |
106,500
-52,100
| -33% | -$15.4M |
|
997
PUT
Madison Square Garden
MSGS
$9.69B
| $26.4M | 0.01% |
174,970
+1,122
| +0.6% | +$218K |
|
998
CALL
Hormel Foods
HRL
$13.3B
| $26.4M | 0.01% |
565,600
+347,700
| +160% | +$15.8M |
|
999
PUT
Cardinal Health
CAH
$54B
| $26.4M | 0.01% |
549,800
+52,600
| +11% | +$2.73M |
|
1000
PUT
Burlington
BURL
$20.8B
| $26.2M | 0.01% |
165,200
-270,200
| -62% | -$56.9M |
|
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.