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 | |
|---|---|---|---|---|---|---|
1726
CALL
ICU Medical
ICUI
$4.56B
| $9.87M | ﹤0.01% |
48,900
+41,100
| +527% | +$7.91M |
|
1727
PUT
Vanguard High Dividend Yield ETF
VYM
$83.1B
| $9.84M | ﹤0.01% |
139,100
+70,600
| +103% | +$6.07M |
|
1728
PUT
CarMax
KMX
$9.11B
| $9.84M | ﹤0.01% |
182,700
-205,600
| -53% | -$17.4M |
|
1729
CALL
CF Industries
CF
$19.3B
| $9.8M | ﹤0.01% |
360,300
-37,200
| -9% | -$1.38M |
|
1730
PUT
Royal Bank of Canada
RY
$288B
| $9.79M | ﹤0.01% |
159,100
+149,000
| +1,475% | +$11.1M |
|
1731
CALL
Jack Henry & Associates
JKHY
$12.3B
| $9.78M | ﹤0.01% |
63,000
+39,300
| +166% | +$6.1M |
|
1732
PUT
Arrowhead Research
ARWR
$12.6B
| $9.77M | ﹤0.01% |
339,700
-900
| -0.3% | -$36.3K |
|
1733
PUT
Acuity Brands
AYI
$10.2B
| $9.77M | ﹤0.01% |
114,000
-47,000
| -29% | -$5.15M |
|
1734
CEL-SCI Corp
CVM
$26M
| $9.76M | ﹤0.01% |
+28,177
| New | +$10.3M |
|
1735
CALL
Floor & Decor
FND
$5.78B
| $9.75M | ﹤0.01% |
303,800
+83,200
| +38% | +$3.88M |
|
1736
KLA
KLAC
$240B
| $9.75M | ﹤0.01% |
678,160
-1,884,880
| -74% | -$30.4M |
|
1737
PUT
SBA Communications
SBAC
$19.9B
| $9.75M | ﹤0.01% |
36,100
-7,000
| -16% | -$1.85M |
|
1738
PUT
Regions Financial
RF
$26.1B
| $9.73M | ﹤0.01% |
1,084,600
+415,700
| +62% | +$5.82M |
|
1739
PUT
Tapestry
TPR
$25.9B
| $9.72M | ﹤0.01% |
750,800
+129,900
| +21% | +$3.04M |
|
|
Y
1740
CALL
DELISTED
Alleghany Corp
Y
| $9.72M | ﹤0.01% |
17,600
+13,800
| +363% | +$9.93M |
|
1741
Teck Resources
TECK
$35.1B
| $9.7M | ﹤0.01% |
1,283,276
+931,523
| +265% | +$11.2M |
|
1742
CALL
Northern Trust
NTRS
$34.2B
| $9.7M | ﹤0.01% |
128,500
+10,900
| +9% | +$999K |
|
1743
Takeda Pharmaceutical
TAK
$58.6B
| $9.69M | ﹤0.01% |
638,254
+483,226
| +312% | +$8.76M |
|
1744
CALL
Monolithic Power Systems
MPWR
$64.1B
| $9.68M | ﹤0.01% |
57,800
+40,000
| +225% | +$6.85M |
|
1745
PUT
ProShares UltraShort Bloomberg Crude Oil
SCO
$770M
| $9.67M | ﹤0.01% |
2,419
-5,871
| -71% | -$10.5M |
|
1746
PUT
Invesco Senior Loan ETF
BKLN
$6.78B
| $9.66M | ﹤0.01% |
472,300
+106,000
| +29% | +$2.31M |
|
1747
iShares MSCI Italy ETF
EWI
$1.13B
| $9.66M | ﹤0.01% |
+464,895
| New | +$12.4M |
|
1748
Exelon
EXC
$45.7B
| $9.65M | ﹤0.01% |
367,637
+29,182
| +9% | +$918K |
|
|
DOCU
1749
DocuSign
DOCU
$11.6B
| $9.64M | ﹤0.01% |
104,373
-94,540
| -48% | -$7.6M |
|
1750
CALL
Perrigo
PRGO
$2.01B
| $9.64M | ﹤0.01% |
200,400
-28,500
| -12% | -$1.53M |
|
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.