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 | |
|---|---|---|---|---|---|---|
1326
Aurinia Pharmaceuticals
AUPH
$2.22B
| $15.9M | 0.01% |
1,098,451
+236,581
| +27% | +$4.17M |
|
1327
CALL
Fair Isaac
FICO
$25B
| $15.9M | 0.01% |
51,700
+35,500
| +219% | +$13.1M |
|
1328
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$6.87B
| $15.9M | 0.01% |
610,535
+567,173
| +1,308% | +$31.9M |
|
|
BBL
1329
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $15.9M | 0.01% |
524,146
+465,270
| +790% | +$18.3M |
|
1330
CALL
Hasbro
HAS
$13.4B
| $15.9M | 0.01% |
221,800
-76,600
| -26% | -$6.63M |
|
1331
CALL
Ralph Lauren
RL
$21.8B
| $15.9M | 0.01% |
237,200
-104,500
| -31% | -$11M |
|
1332
CALL
Cleveland-Cliffs
CLF
$6.49B
| $15.8M | 0.01% |
4,012,400
+931,900
| +30% | +$5.86M |
|
1333
CALL
VF Corp
VFC
$5.46B
| $15.8M | 0.01% |
293,000
+59,700
| +26% | +$4.65M |
|
|
RETA
1334
PUT
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $15.8M | 0.01% |
109,500
+33,700
| +44% | +$6.51M |
|
1335
CrowdStrike
CRWD
$195B
| $15.8M | 0.01% |
1,132,868
-672,684
| -37% | -$9.5M |
|
|
MXIM
1336
CALL
DELISTED
Maxim Integrated Products
MXIM
| $15.8M | 0.01% |
324,200
+15,000
| +5% | +$860K |
|
1337
CALL
McCormick & Company Non-Voting
MKC
$14.8B
| $15.7M | 0.01% |
223,000
-159,400
| -42% | -$12.4M |
|
|
CHL
1338
PUT
DELISTED
China Mobile Limited
CHL
| $15.7M | 0.01% |
417,700
+247,300
| +145% | +$9.94M |
|
1339
PUT
Caesars Entertainment
CZR
$6.05B
| $15.7M | 0.01% |
1,090,500
+468,400
| +75% | +$21.9M |
|
|
MASI
1340
CALL
DELISTED
Masimo
MASI
| $15.7M | 0.01% |
88,400
+66,100
| +296% | +$11.3M |
|
1341
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $15.6M | 0.01% |
287,263
+85,931
| +43% | +$5.22M |
|
1342
Sun Communities
SUI
$15.1B
| $15.6M | 0.01% |
125,239
+53,665
| +75% | +$8.1M |
|
1343
PUT
Sony
SONY
$140B
| $15.6M | 0.01% |
1,320,000
-270,000
| -17% | -$3.54M |
|
1344
Automatic Data Processing
ADP
$112B
| $15.6M | 0.01% |
114,239
+6,497
| +6% | +$1.05M |
|
1345
Union Pacific
UNP
$184B
| $15.6M | 0.01% |
110,414
-185,390
| -63% | -$30.6M |
|
1346
ProShares VIX Short-Term Futures ETF
VIXY
$221M
| $15.6M | 0.01% |
5,130
+4,968
| +3,067% | +$8.31M |
|
1347
PUT
Bilibili
BILI
$6.93B
| $15.5M | ﹤0.01% |
663,700
+333,000
| +101% | +$8.04M |
|
1348
Nokia
NOK
$57.6B
| $15.5M | ﹤0.01% |
5,010,596
+1,318,566
| +36% | +$4.9M |
|
1349
PUT
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.82B
| $15.5M | ﹤0.01% |
159,900
+122,100
| +323% | +$12.4M |
|
|
CERN
1350
CALL
DELISTED
Cerner Corp
CERN
| $15.5M | ﹤0.01% |
246,200
-47,900
| -16% | -$3.41M |
|
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.