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 | |
|---|---|---|---|---|---|---|
|
ZEN
1026
CALL
DELISTED
ZENDESK INC
ZEN
| $25.3M | 0.01% |
395,900
-330,800
| -46% | -$25.8M |
|
1027
Chevron
CVX
$398B
| $25.3M | 0.01% |
348,767
-581,423
| -63% | -$57.5M |
|
1028
PUT
Keysight
KEYS
$52.9B
| $25.3M | 0.01% |
302,000
-71,900
| -19% | -$6.83M |
|
1029
CALL
argenx
ARGX
$63.3B
| $25.2M | 0.01% |
191,500
+141,700
| +285% | +$20.7M |
|
1030
PUT
Illinois Tool Works
ITW
$80.9B
| $25.2M | 0.01% |
177,400
-175,300
| -50% | -$29.8M |
|
1031
PUT
GSK
GSK
$104B
| $25.1M | 0.01% |
530,560
-413,840
| -44% | -$22.1M |
|
1032
CALL
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $25.1M | 0.01% |
259,800
-54,900
| -17% | -$6.05M |
|
1033
Twilio
TWLO
$34.2B
| $25.1M | 0.01% |
280,600
-541,723
| -66% | -$59.5M |
|
1034
CALL
IQVIA
IQV
$42.8B
| $25.1M | 0.01% |
232,600
-91,600
| -28% | -$13.1M |
|
1035
PUT
PNC Financial Services
PNC
$97.2B
| $25.1M | 0.01% |
262,100
-269,000
| -51% | -$36.1M |
|
1036
CALL
Lennar Class A
LEN
$21.2B
| $25M | 0.01% |
676,202
+285,935
| +73% | +$16.2M |
|
1037
CALL
Air Products & Chemicals
APD
$68.2B
| $25M | 0.01% |
125,100
+6,300
| +5% | +$1.44M |
|
1038
CALL
Fortinet
FTNT
$112B
| $24.9M | 0.01% |
1,228,500
+21,000
| +2% | +$450K |
|
1039
CALL
Energy Transfer Partners
ET
$72.6B
| $24.7M | 0.01% |
5,379,500
+2,180,700
| +68% | +$23.2M |
|
1040
PUT
Southern Company
SO
$104B
| $24.7M | 0.01% |
456,800
+14,100
| +3% | +$893K |
|
|
SPLK
1041
DELISTED
Splunk Inc
SPLK
| $24.5M | 0.01% |
194,193
+96,245
| +98% | +$14.2M |
|
1042
PUT
iShares US Transportation ETF
IYT
$2.27B
| $24.5M | 0.01% |
709,200
+131,200
| +23% | +$5.77M |
|
1043
CALL
NIO
NIO
$10.9B
| $24.4M | 0.01% |
8,761,700
-2,547,900
| -23% | -$9.49M |
|
1044
Enterprise Products Partners
EPD
$82.8B
| $24.3M | 0.01% |
1,696,178
+1,246,512
| +277% | +$29M |
|
|
CXO
1045
CALL
DELISTED
CONCHO RESOURCES INC.
CXO
| $24.3M | 0.01% |
566,000
-496,000
| -47% | -$34.5M |
|
1046
PUT
Cencora
COR
$61.8B
| $24.2M | 0.01% |
273,300
-33,000
| -11% | -$2.91M |
|
1047
PUT
Global Payments
GPN
$25B
| $24.1M | 0.01% |
167,400
+103,300
| +161% | +$18.9M |
|
1048
PUT
L3Harris
LHX
$48.9B
| $24.1M | 0.01% |
134,000
+17,400
| +15% | +$3.57M |
|
1049
CALL
Boston Beer
SAM
$1.95B
| $24.1M | 0.01% |
65,600
+37,400
| +133% | +$13.9M |
|
1050
PUT
Five Below
FIVE
$14.5B
| $24.1M | 0.01% |
342,100
-174,900
| -34% | -$17.8M |
|
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.