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 | |
|---|---|---|---|---|---|---|
101
Walt Disney
DIS
$186B
| $494M | 0.16% |
5,118,959
+607,629
| +13% | +$76.8M |
|
102
CALL
CVS Health
CVS
$119B
| $488M | 0.16% |
8,230,800
+581,200
| +8% | +$38.8M |
|
103
CALL
Uber
UBER
$161B
| $487M | 0.16% |
17,450,800
+12,436,500
| +248% | +$409M |
|
104
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $486M | 0.15% |
8,299,200
+1,206,800
| +17% | +$81.4M |
|
105
PUT
3M
MMM
$92.3B
| $486M | 0.15% |
4,253,933
+2,411,256
| +131% | +$317M |
|
106
CALL
Procter & Gamble
PG
$336B
| $467M | 0.15% |
4,246,400
-931,400
| -18% | -$112M |
|
|
107
iShares MSCI EAFE ETF
EFA
$80B
| $467M | 0.15% |
8,734,084
+5,954,478
| +214% | +$378M |
|
108
PUT
Broadcom
AVGO
$1.75T
| $466M | 0.15% |
19,640,000
+3,910,000
| +25% | +$110M |
|
109
PUT
AbbVie
ABBV
$468B
| $456M | 0.15% |
5,989,400
+1,311,400
| +28% | +$112M |
|
110
CALL
Adobe
ADBE
$109B
| $455M | 0.14% |
1,430,600
-83,700
| -6% | -$28.6M |
|
111
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $454M | 0.14% |
929,500
+249,100
| +37% | +$103M |
|
112
PUT
Goldman Sachs
GS
$303B
| $450M | 0.14% |
2,911,700
+269,600
| +10% | +$57.2M |
|
113
PUT
Wells Fargo
WFC
$254B
| $450M | 0.14% |
15,665,000
+3,308,900
| +27% | +$141M |
|
114
CALL
IBM
IBM
$222B
| $446M | 0.14% |
4,206,698
+1,364,821
| +48% | +$173M |
|
115
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $440M | 0.14% |
21,153,600
+8,731,200
| +70% | +$240M |
|
116
CALL
Verizon
VZ
$205B
| $436M | 0.14% |
8,108,400
+2,852,400
| +54% | +$163M |
|
117
PUT
ExxonMobil
XOM
$679B
| $435M | 0.14% |
11,460,700
+7,109,400
| +163% | +$393M |
|
118
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $425M | 0.14% |
5,453,000
-594,100
| -10% | -$52.6M |
|
|
119
CALL
Broadcom
AVGO
$1.75T
| $416M | 0.13% |
17,545,000
+6,707,000
| +62% | +$189M |
|
120
CALL
McDonald's
MCD
$192B
| $413M | 0.13% |
2,498,500
+1,332,900
| +114% | +$263M |
|
|
121
Tesla
TSLA
$1.43T
| $411M | 0.13% |
11,776,350
-12,185,175
| -51% | -$505M |
|
122
PUT
Qualcomm
QCOM
$169B
| $406M | 0.13% |
6,006,400
+1,985,500
| +49% | +$163M |
|
123
PUT
Walmart Inc
WMT
$825B
| $404M | 0.13% |
10,673,400
+1,546,800
| +17% | +$59.5M |
|
124
Meta Platforms (Facebook)
META
$1.4T
| $402M | 0.13% |
2,407,519
-236,920
| -9% | -$46.4M |
|
125
PUT
ServiceNow
NOW
$133B
| $397M | 0.13% |
6,923,500
-2,302,500
| -25% | -$144M |
|
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.