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 | |
|---|---|---|---|---|---|---|
151
PUT
Uber
UBER
$161B
| $337M | 0.11% |
12,058,400
+4,734,100
| +65% | +$156M |
|
152
CALL
AbbVie
ABBV
$468B
| $334M | 0.11% |
4,387,900
+501,000
| +13% | +$42.7M |
|
|
153
Citigroup
C
$221B
| $333M | 0.11% |
7,901,507
+6,396,055
| +425% | +$429M |
|
154
CALL
United Parcel Service
UPS
$86.8B
| $330M | 0.1% |
3,531,200
-1,797,100
| -34% | -$186M |
|
155
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $330M | 0.1% |
22,698,400
+7,139,800
| +46% | +$169M |
|
156
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $328M | 0.1% |
15,777,038
+10,448,874
| +196% | +$288M |
|
157
PUT
Amgen
AMGN
$238B
| $326M | 0.1% |
1,607,400
+292,300
| +22% | +$63.8M |
|
158
PUT
Pfizer
PFE
$160B
| $326M | 0.1% |
10,515,020
+3,894,214
| +59% | +$133M |
|
159
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $317M | 0.1% |
13,263,200
+3,821,800
| +40% | +$105M |
|
160
CALL
Union Pacific
UNP
$183B
| $314M | 0.1% |
2,226,200
+410,900
| +23% | +$67.9M |
|
161
PUT
Mercado Libre
MELI
$97.5B
| $313M | 0.1% |
639,700
-51,700
| -7% | -$31.9M |
|
162
PUT
Roku
ROKU
$23.4B
| $312M | 0.1% |
3,571,000
-2,023,000
| -36% | -$233M |
|
163
PUT
Coca-Cola
KO
$392B
| $310M | 0.1% |
7,016,200
+3,459,400
| +97% | +$187M |
|
164
PUT
FedEx
FDX
$76.9B
| $306M | 0.1% |
2,527,400
-731,800
| -22% | -$103M |
|
165
PUT
Target
TGT
$75.1B
| $306M | 0.1% |
3,291,300
-1,993,400
| -38% | -$221M |
|
166
CALL
ExxonMobil
XOM
$679B
| $304M | 0.1% |
8,014,900
+3,681,300
| +85% | +$203M |
|
|
167
CALL
Coca-Cola
KO
$392B
| $298M | 0.09% |
6,734,400
+150,300
| +2% | +$8.12M |
|
168
Procter & Gamble
PG
$336B
| $298M | 0.09% |
2,707,759
+665,825
| +33% | +$79.9M |
|
169
PUT
Lam Research
LRCX
$393B
| $296M | 0.09% |
12,315,000
-3,478,000
| -22% | -$100M |
|
170
CALL
Goldman Sachs
GS
$303B
| $288M | 0.09% |
1,865,700
+83,800
| +5% | +$17.8M |
|
171
CALL
Charter Communications
CHTR
$17.9B
| $288M | 0.09% |
660,600
-36,600
| -5% | -$17.9M |
|
172
CALL
NXP Semiconductors
NXPI
$56.9B
| $285M | 0.09% |
3,431,200
-227,500
| -6% | -$26.7M |
|
173
CALL
Merck
MRK
$376B
| $283M | 0.09% |
3,849,304
+127,542
| +3% | +$10M |
|
174
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.3B
| $282M | 0.09% |
6,708,500
+374,000
| +6% | +$17.7M |
|
|
XYZ
175
CALL
Block Inc
XYZ
$49.4B
| $279M | 0.09% |
5,333,400
-217,700
| -4% | -$14.9M |
|
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.