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 | |
|---|---|---|---|---|---|---|
|
EA
1301
DELISTED
Electronic Arts
EA
| $16.5M | 0.01% |
164,260
-415,290
| -72% | -$43.7M |
|
|
ZEN
1302
PUT
DELISTED
ZENDESK INC
ZEN
| $16.4M | 0.01% |
256,900
+47,400
| +23% | +$3.7M |
|
1303
PUT
Elastic
ESTC
$8.45B
| $16.4M | 0.01% |
294,300
+8,300
| +3% | +$536K |
|
|
GOOS
1304
PUT
Canada Goose Holdings
GOOS
$800M
| $16.3M | 0.01% |
821,800
+117,900
| +17% | +$3.3M |
|
1305
PUT
Hasbro
HAS
$13.4B
| $16.3M | 0.01% |
228,100
-246,000
| -52% | -$21.3M |
|
|
DCH
1306
PUT
Dauch Corp
DCH
$1.52B
| $16.3M | 0.01% |
4,512,100
+3,068,300
| +213% | +$22.8M |
|
1307
PUT
Direxion Daily Small Cap Bear 3x ETF
TZA
$243M
| $16.3M | 0.01% |
3,426
-2,800
| -45% | -$10.9M |
|
1308
CALL
Scorpio Tankers
STNG
$3.89B
| $16.3M | 0.01% |
850,800
+232,600
| +38% | +$5.52M |
|
1309
CALL
Campbell Soup
CPB
$7.06B
| $16.3M | 0.01% |
352,300
-101,000
| -22% | -$4.86M |
|
1310
CALL
Wolfspeed
WOLF
$1.31B
| $16.3M | 0.01% |
458,300
-192,700
| -30% | -$8.66M |
|
1311
Dollar Tree
DLTR
$25.5B
| $16.2M | 0.01% |
219,998
-305,008
| -58% | -$26M |
|
1312
PUT
Lumentum
LITE
$77.5B
| $16.2M | 0.01% |
219,300
-119,200
| -35% | -$9.38M |
|
1313
CALL
Axsome Therapeutics
AXSM
$10.9B
| $16.1M | 0.01% |
273,700
-72,500
| -21% | -$5.91M |
|
|
GAP
1314
PUT
The Gap Inc
GAP
$7.28B
| $16.1M | 0.01% |
2,287,200
-80,100
| -3% | -$1.19M |
|
1315
CALL
Deutsche Bank
DB
$72.5B
| $16.1M | 0.01% |
2,507,200
+70,500
| +3% | +$586K |
|
|
BBBY
1316
DELISTED
Bed Bath & Beyond Inc
BBBY
| $16.1M | 0.01% |
3,823,464
+1,927,050
| +102% | +$22.4M |
|
|
1317
CALL
Elastic
ESTC
$8.45B
| $16.1M | 0.01% |
287,700
+201,700
| +235% | +$13M |
|
1318
CALL
J.M. Smucker
SJM
$13.4B
| $16.1M | 0.01% |
144,600
-40,800
| -22% | -$4.36M |
|
1319
PUT
Knight Transportation
KNX
$11.2B
| $16M | 0.01% |
489,300
+144,900
| +42% | +$5.13M |
|
1320
CALL
Regions Financial
RF
$25.9B
| $16M | 0.01% |
1,788,600
-628,000
| -26% | -$8.8M |
|
1321
Under Armour
UAA
$2.24B
| $16M | 0.01% |
1,735,939
+1,139,813
| +191% | +$18.3M |
|
1322
CALL
Incyte
INCY
$26.3B
| $16M | 0.01% |
218,300
-30,900
| -12% | -$2.33M |
|
1323
PUT
Aflac
AFL
$58.9B
| $16M | 0.01% |
466,400
+90,900
| +24% | +$4.15M |
|
1324
PUT
Restaurant Brands International
QSR
$28.4B
| $16M | 0.01% |
398,500
+265,300
| +199% | +$15M |
|
|
K
1325
PUT
DELISTED
Kellanova
K
| $15.9M | 0.01% |
283,077
-220,562
| -44% | -$13.5M |
|
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.