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 | |
|---|---|---|---|---|---|---|
1151
PUT
Rockwell Automation
ROK
$47.7B
| $20.1M | 0.01% |
133,000
+62,500
| +89% | +$11.6M |
|
1152
CALL
TAL Education Group
TAL
$6.37B
| $20.1M | 0.01% |
376,700
+43,400
| +13% | +$2.33M |
|
1153
Generac Holdings
GNRC
$12B
| $20M | 0.01% |
214,305
+187,443
| +698% | +$19.3M |
|
1154
PUT
ProShares UltraPro Short S&P 500
SPXU
$395M
| $20M | 0.01% |
8,276
+2,946
| +55% | +$6.62M |
|
1155
Pinterest
PINS
$13.3B
| $20M | 0.01% |
1,292,643
+1,161,012
| +882% | +$22.6M |
|
|
AMRN
1156
CALL
Amarin Corp
AMRN
$292M
| $19.9M | 0.01% |
248,540
-29,465
| -11% | -$9.79M |
|
1157
Iovance Biotherapeutics
IOVA
$3.65B
| $19.8M | 0.01% |
+662,361
| New | +$17.6M |
|
1158
American Airlines Group
AAL
$9.02B
| $19.8M | 0.01% |
1,626,290
-2,103,745
| -56% | -$47.9M |
|
1159
PUT
Cintas
CTAS
$83B
| $19.8M | 0.01% |
456,400
+214,400
| +89% | +$14M |
|
1160
CALL
iShares US Aerospace & Defense ETF
ITA
$14B
| $19.8M | 0.01% |
274,600
+196,200
| +250% | +$20.1M |
|
|
SGEN
1161
CALL
DELISTED
Seagen Inc. Common Stock
SGEN
| $19.7M | 0.01% |
170,900
+41,600
| +32% | +$4.61M |
|
1162
CALL
iShares Semiconductor ETF
SOXX
$41.3B
| $19.7M | 0.01% |
288,000
-890,100
| -76% | -$70.5M |
|
1163
CALL
Corteva
CTVA
$55.3B
| $19.7M | 0.01% |
837,900
-210,700
| -20% | -$5.79M |
|
|
RETA
1164
CALL
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $19.7M | 0.01% |
136,400
+17,000
| +14% | +$3.28M |
|
1165
Keurig Dr Pepper
KDP
$44.2B
| $19.7M | 0.01% |
810,680
+372,535
| +85% | +$10M |
|
1166
SPDR Gold Trust
GLD
$155B
| $19.7M | 0.01% |
132,731
+128,686
| +3,181% | +$19.2M |
|
1167
CALL
iShares MSCI ACWI ETF
ACWI
$33.1B
| $19.6M | 0.01% |
314,000
+209,500
| +200% | +$15.5M |
|
|
PPL
1168
PUT
PPL Corp
PPL
$26.4B
| $19.6M | 0.01% |
794,700
+562,900
| +243% | +$18.1M |
|
1169
Agnico Eagle Mines
AEM
$110B
| $19.6M | 0.01% |
492,492
+439,593
| +831% | +$23.2M |
|
1170
PUT
ArcelorMittal
MT
$54.8B
| $19.6M | 0.01% |
2,099,200
+568,500
| +37% | +$7.97M |
|
|
XIFR
1171
PUT
XPLR Infrastructure LP
XIFR
$1.06B
| $19.6M | 0.01% |
455,400
+397,500
| +687% | +$21.1M |
|
1172
Kimberly-Clark
KMB
$37B
| $19.6M | 0.01% |
153,093
-195,581
| -56% | -$27.1M |
|
1173
State Street SPDR S&P Regional Banking ETF
KRE
$4.06B
| $19.6M | 0.01% |
600,107
-36,605
| -6% | -$1.79M |
|
1174
PUT
International Paper
IP
$21.7B
| $19.5M | 0.01% |
663,062
-139,392
| -17% | -$5.17M |
|
|
FTCH
1175
PUT
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $19.5M | 0.01% |
2,473,800
-1,270,800
| -34% | -$13.7M |
|
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.