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 | |
|---|---|---|---|---|---|---|
126
PUT
SPDR Gold Trust
GLD
$152B
| $394M | 0.13% |
2,660,700
+503,700
| +23% | +$75M |
|
127
PUT
Morgan Stanley
MS
$336B
| $392M | 0.12% |
11,524,300
-2,300
| -0% | -$108K |
|
128
CALL
PepsiCo
PEP
$196B
| $390M | 0.12% |
3,247,000
-208,300
| -6% | -$28.2M |
|
129
CALL
Biogen
BIIB
$32B
| $386M | 0.12% |
1,220,000
-27,300
| -2% | -$8.28M |
|
130
PUT
Intuitive Surgical
ISRG
$134B
| $379M | 0.12% |
2,293,200
-723,900
| -24% | -$133M |
|
131
PUT
Nike
NKE
$60.5B
| $377M | 0.12% |
4,556,600
+2,387,200
| +110% | +$222M |
|
132
CALL
Amgen
AMGN
$238B
| $373M | 0.12% |
1,840,000
+335,000
| +22% | +$73.2M |
|
133
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $373M | 0.12% |
2,545
-564
| -18% | -$41.3M |
|
134
PUT
PayPal
PYPL
$52.7B
| $372M | 0.12% |
3,882,000
+742,200
| +24% | +$81.9M |
|
135
CALL
Chevron
CVX
$403B
| $371M | 0.12% |
5,126,700
+1,418,800
| +38% | +$140M |
|
|
136
PUT
Biogen
BIIB
$32B
| $370M | 0.12% |
1,168,400
-327,000
| -22% | -$99.2M |
|
137
CALL
Bristol-Myers Squibb
BMY
$137B
| $366M | 0.12% |
6,569,200
+526,000
| +9% | +$32.1M |
|
138
CALL
Cisco
CSCO
$438B
| $366M | 0.12% |
9,305,900
+3,243,800
| +54% | +$142M |
|
|
139
CALL
PayPal
PYPL
$52.7B
| $363M | 0.12% |
3,787,900
+1,207,100
| +47% | +$133M |
|
|
XYZ
140
PUT
Block Inc
XYZ
$49.4B
| $361M | 0.11% |
6,892,300
-3,748,100
| -35% | -$256M |
|
141
CALL
Zoom
ZM
$31.5B
| $360M | 0.11% |
2,466,800
+1,544,000
| +167% | +$152M |
|
|
142
PUT
Bristol-Myers Squibb
BMY
$137B
| $357M | 0.11% |
6,396,100
-3,426,700
| -35% | -$209M |
|
143
PUT
AT&T
T
$173B
| $355M | 0.11% |
16,131,219
-2,107,411
| -12% | -$57.6M |
|
144
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $355M | 0.11% |
726,600
+35,300
| +5% | +$14.6M |
|
145
Gilead Sciences
GILD
$181B
| $344M | 0.11% |
4,601,292
-520,427
| -10% | -$36M |
|
146
PUT
AutoZone
AZO
$48.3B
| $343M | 0.11% |
405,100
+80,200
| +25% | +$83.3M |
|
|
147
Alibaba
BABA
$286B
| $341M | 0.11% |
1,755,318
-2,998,190
| -63% | -$626M |
|
|
148
CALL
AT&T
T
$173B
| $341M | 0.11% |
15,489,344
-5,389,077
| -26% | -$147M |
|
149
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $341M | 0.11% |
14,242,000
+5,952,600
| +72% | +$163M |
|
150
PUT
Lockheed Martin
LMT
$130B
| $338M | 0.11% |
995,900
+329,400
| +49% | +$130M |
|
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.