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 | |
|---|---|---|---|---|---|---|
1751
CALL
Eagle Materials
EXP
$6.1B
| $9.63M | ﹤0.01% |
164,800
+146,200
| +786% | +$11.7M |
|
|
RDS.B
1752
CALL
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $9.63M | ﹤0.01% |
294,800
-154,600
| -34% | -$7.25M |
|
|
MIC
1753
PUT
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $9.63M | ﹤0.01% |
381,200
+180,400
| +90% | +$6.91M |
|
|
CONE
1754
CALL
DELISTED
CyrusOne Inc Common Stock
CONE
| $9.61M | ﹤0.01% |
155,700
-16,900
| -10% | -$1.03M |
|
1755
TripAdvisor
TRIP
$1.18B
| $9.61M | ﹤0.01% |
552,428
+64,347
| +13% | +$1.63M |
|
1756
WisdomTree US SmallCap Dividend Fund
DES
$2.21B
| $9.6M | ﹤0.01% |
+532,859
| New | +$13.2M |
|
1757
CALL
iShares MSCI Turkey ETF
TUR
$222M
| $9.6M | ﹤0.01% |
510,900
+458,000
| +866% | +$11.6M |
|
1758
CALL
Vanguard Dividend Appreciation ETF
VIG
$114B
| $9.56M | ﹤0.01% |
92,500
+17,400
| +23% | +$2.08M |
|
1759
Inovio Pharmaceuticals
INO
$133M
| $9.56M | ﹤0.01% |
+107,102
| New | +$6.6M |
|
1760
CALL
State Street
STT
$53B
| $9.56M | ﹤0.01% |
179,500
-36,600
| -17% | -$2.54M |
|
1761
ON Semiconductor
ON
$28.2B
| $9.56M | ﹤0.01% |
768,271
+411,906
| +116% | +$8.06M |
|
|
NVTA
1762
PUT
DELISTED
Invitae Corporation
NVTA
| $9.55M | ﹤0.01% |
698,400
+87,100
| +14% | +$1.59M |
|
1763
PUT
iShares MSCI Hong Kong ETF
EWH
$1.27B
| $9.54M | ﹤0.01% |
478,500
-116,900
| -20% | -$2.67M |
|
1764
PUT
Avery Dennison
AVY
$13.6B
| $9.53M | ﹤0.01% |
93,500
-4,500
| -5% | -$552K |
|
|
CRON
1765
Cronos Group
CRON
$1.29B
| $9.52M | ﹤0.01% |
1,679,628
-991,146
| -37% | -$6.59M |
|
1766
PUT
Vanguard Total World Stock ETF
VT
$81.2B
| $9.51M | ﹤0.01% |
151,500
+66,200
| +78% | +$4.99M |
|
|
DISCK
1767
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $9.5M | ﹤0.01% |
541,667
+355,238
| +191% | +$9.17M |
|
1768
PUT
Prologis
PLD
$136B
| $9.5M | ﹤0.01% |
118,200
+65,100
| +123% | +$5.69M |
|
|
GAP
1769
The Gap Inc
GAP
$7.25B
| $9.49M | ﹤0.01% |
1,348,760
+363,126
| +37% | +$5.39M |
|
|
SAFM
1770
DELISTED
Sanderson Farms Inc
SAFM
| $9.48M | ﹤0.01% |
76,912
+68,931
| +864% | +$9.6M |
|
1771
PUT
MarketAxess Holdings
MKTX
$5.72B
| $9.48M | ﹤0.01% |
28,500
-11,200
| -28% | -$3.9M |
|
1772
PUT
Synchrony
SYF
$26.3B
| $9.48M | ﹤0.01% |
589,000
-295,700
| -33% | -$8.62M |
|
|
CY
1773
CALL
DELISTED
Cypress Semiconductor
CY
| $9.48M | ﹤0.01% |
406,400
+261,700
| +181% | +$5.98M |
|
1774
Hershey
HSY
$37.6B
| $9.47M | ﹤0.01% |
71,466
+8,511
| +14% | +$1.26M |
|
1775
CALL
Axalta
AXTA
$7.79B
| $9.47M | ﹤0.01% |
548,200
+428,100
| +356% | +$11M |
|
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.