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 | |
|---|---|---|---|---|---|---|
1601
CALL
Cintas
CTAS
$81.9B
| $11.2M | ﹤0.01% |
258,000
+114,800
| +80% | +$7.5M |
|
1602
Southwest Airlines
LUV
$20B
| $11.2M | ﹤0.01% |
313,568
-90,045
| -22% | -$4.46M |
|
|
MRSH
1603
PUT
Marsh
MRSH
$92.3B
| $11.2M | ﹤0.01% |
129,100
+126,200
| +4,352% | +$13.5M |
|
1604
CALL
Fox Class A
FOXA
$29.6B
| $11.2M | ﹤0.01% |
472,200
+149,000
| +46% | +$4.9M |
|
|
FTCH
1605
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $11.1M | ﹤0.01% |
1,410,557
-5,716
| -0.4% | -$61.7K |
|
|
DISH
1606
CALL
DELISTED
DISH Network Corp.
DISH
| $11.1M | ﹤0.01% |
555,300
-740,600
| -57% | -$24M |
|
|
CHL
1607
DELISTED
China Mobile Limited
CHL
| $11.1M | ﹤0.01% |
294,701
+173,253
| +143% | +$6.96M |
|
1608
CALL
Idexx Laboratories
IDXX
$43.3B
| $11.1M | ﹤0.01% |
45,800
+21,600
| +89% | +$5.64M |
|
1609
CALL
Chegg
CHGG
$87.9M
| $11.1M | ﹤0.01% |
310,000
+247,800
| +398% | +$9.68M |
|
1610
CALL
Teradyne
TER
$57.3B
| $11.1M | ﹤0.01% |
204,100
+87,900
| +76% | +$5.58M |
|
1611
CALL
ProShares Ultra QQQ
QLD
$13.8B
| $11.1M | ﹤0.01% |
987,200
-340,800
| -26% | -$5.1M |
|
|
GWPH
1612
CALL
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $11.1M | ﹤0.01% |
126,200
-43,100
| -25% | -$4.56M |
|
1613
PUT
Capri Holdings
CPRI
$1.51B
| $11M | ﹤0.01% |
1,023,500
-735,600
| -42% | -$19.3M |
|
1614
PUT
Unisys
UIS
$196M
| $11M | ﹤0.01% |
893,600
+698,000
| +357% | +$8.93M |
|
1615
PUT
Tyler Technologies
TYL
$14.3B
| $11M | ﹤0.01% |
37,100
+17,800
| +92% | +$5.52M |
|
1616
PUT
ProShares Short S&P500
SH
$830M
| $11M | ﹤0.01% |
99,375
+92,475
| +1,340% | +$9.34M |
|
1617
PUT
Rogers Communications
RCI
$19.8B
| $11M | ﹤0.01% |
264,700
+225,900
| +582% | +$10.6M |
|
1618
CALL
Macy's
M
$5.94B
| $11M | ﹤0.01% |
2,236,600
-4,036,400
| -64% | -$54.7M |
|
1619
Philip Morris
PM
$302B
| $11M | ﹤0.01% |
150,281
-322,605
| -68% | -$26.5M |
|
1620
PUT
ProShares UltraPro Short Dow 30
SDOW
$158M
| $11M | ﹤0.01% |
14,206
+9,006
| +173% | +$6.47M |
|
|
BNY
1621
CALL
Bank of New York Mellon
BNY
$111B
| $10.9M | ﹤0.01% |
325,000
-96,900
| -23% | -$4.07M |
|
1622
Tandem Diabetes Care
TNDM
$1.5B
| $10.9M | ﹤0.01% |
170,074
-12,998
| -7% | -$911K |
|
1623
PUT
SAP
SAP
$250B
| $10.9M | ﹤0.01% |
98,900
+23,900
| +32% | +$3.01M |
|
1624
PUT
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $10.9M | ﹤0.01% |
365,400
-528,600
| -59% | -$22.6M |
|
1625
PUT
Sysco
SYY
$40B
| $10.9M | ﹤0.01% |
238,200
+203,900
| +594% | +$14.1M |
|
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.