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 | |
|---|---|---|---|---|---|---|
|
BZUN
1076
CALL
Baozun
BZUN
$164M
| $23M | 0.01% |
822,500
+183,400
| +29% | +$5.78M |
|
1077
CALL
KraneShares CSI China Internet ETF
KWEB
$5.18B
| $22.9M | 0.01% |
506,900
-73,400
| -13% | -$3.61M |
|
1078
iShares Russell 2000 Value ETF
IWN
$14.6B
| $22.9M | 0.01% |
278,768
-107,955
| -28% | -$12.1M |
|
1079
Applied Materials
AMAT
$384B
| $22.9M | 0.01% |
498,963
+177,098
| +55% | +$10.2M |
|
1080
PUT
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF
DRIP
$102M
| $22.8M | 0.01% |
985
-958
| -49% | -$14.3M |
|
1081
PUT
WisdomTree India Earnings Fund ETF
EPI
$2.02B
| $22.7M | 0.01% |
1,403,000
-308,700
| -18% | -$6.88M |
|
1082
PUT
Under Armour
UAA
$2.31B
| $22.7M | 0.01% |
2,466,600
+129,800
| +6% | +$2.09M |
|
1083
CALL
Invesco CurrencyShares Euro Currency Trust
FXE
$361M
| $22.7M | 0.01% |
217,700
-47,200
| -18% | -$4.93M |
|
|
K
1084
CALL
DELISTED
Kellanova
K
| $22.7M | 0.01% |
402,783
-1,172
| -0.3% | -$71.9K |
|
1085
Universal Display
OLED
$3.89B
| $22.6M | 0.01% |
171,494
+108,842
| +174% | +$18.7M |
|
1086
CALL
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $22.6M | 0.01% |
672,700
-148,600
| -18% | -$6.06M |
|
1087
CALL
ON Semiconductor
ON
$28B
| $22.6M | 0.01% |
1,813,000
+848,400
| +88% | +$16.6M |
|
1088
ProShares VIX Mid-Term Futures ETF
VIXM
$157M
| $22.5M | 0.01% |
585,218
+211,888
| +57% | +$5.44M |
|
1089
CALL
Bath & Body Works
BBWI
$3.86B
| $22.5M | 0.01% |
2,403,491
+654,497
| +37% | +$10.4M |
|
1090
CALL
Restaurant Brands International
QSR
$28.4B
| $22.4M | 0.01% |
559,800
+439,800
| +367% | +$24.9M |
|
1091
CALL
Royal Gold
RGLD
$22.3B
| $22.4M | 0.01% |
255,400
+87,600
| +52% | +$9.04M |
|
|
CZR
1092
CALL
DELISTED
Caesars Entertainment Corporation
CZR
| $22.4M | 0.01% |
3,311,500
-1,866,600
| -36% | -$21.9M |
|
1093
PUT
CoStar Group
CSGP
$13.3B
| $22.4M | 0.01% |
381,000
+108,000
| +40% | +$7.04M |
|
1094
Tyson Foods
TSN
$20.4B
| $22.4M | 0.01% |
386,574
-150,506
| -28% | -$11.2M |
|
1095
CALL
Cognizant
CTSH
$28B
| $22.3M | 0.01% |
479,900
+132,200
| +38% | +$7.88M |
|
|
CGC
1096
Canopy Growth
CGC
$472M
| $22.3M | 0.01% |
154,459
-103,319
| -40% | -$19.4M |
|
1097
CALL
Ross Stores
ROST
$77.5B
| $22M | 0.01% |
253,400
-109,000
| -30% | -$11.6M |
|
|
RAD
1098
PUT
DELISTED
Rite Aid Corporation
RAD
| $22M | 0.01% |
1,469,100
-717,400
| -33% | -$10M |
|
1099
CALL
VeriSign
VRSN
$26.3B
| $22M | 0.01% |
122,300
+40,200
| +49% | +$7.9M |
|
1100
CALL
Yum China
YUMC
$16.7B
| $22M | 0.01% |
515,300
+97,600
| +23% | +$4.35M |
|
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.