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 | |
|---|---|---|---|---|---|---|
1901
CALL
CACI
CACI
$13.7B
| $8.45M | ﹤0.01% |
40,000
+34,600
| +641% | +$8.6M |
|
1902
Vail Resorts
MTN
$5.29B
| $8.45M | ﹤0.01% |
57,170
+41,669
| +269% | +$8.97M |
|
1903
Vanguard Russell 2000 ETF
VTWO
$17.2B
| $8.44M | ﹤0.01% |
+183,078
| New | +$11M |
|
1904
CALL
LPL Financial
LPLA
$28B
| $8.44M | ﹤0.01% |
155,000
-46,500
| -23% | -$3.75M |
|
1905
Planet Fitness
PLNT
$4.03B
| $8.43M | ﹤0.01% |
173,022
-18,853
| -10% | -$1.31M |
|
1906
PUT
Invesco CurrencyShares Australian Dollar Trust
FXA
$95.8M
| $8.42M | ﹤0.01% |
137,200
+86,100
| +168% | +$5.66M |
|
1907
CME Group
CME
$101B
| $8.41M | ﹤0.01% |
48,647
-50,754
| -51% | -$10.1M |
|
1908
PUT
DHT Holdings
DHT
$2.96B
| $8.41M | ﹤0.01% |
1,096,000
+597,300
| +120% | +$3.78M |
|
1909
CALL
JetBlue
JBLU
$1.91B
| $8.4M | ﹤0.01% |
938,300
+596,900
| +175% | +$9.89M |
|
1910
CALL
Hartford Financial Services
HIG
$37.9B
| $8.4M | ﹤0.01% |
238,300
-75,000
| -24% | -$3.91M |
|
1911
PUT
B&G Foods
BGS
$284M
| $8.39M | ﹤0.01% |
463,900
+114,300
| +33% | +$1.79M |
|
1912
PUT
KB Home
KBH
$3.47B
| $8.39M | ﹤0.01% |
463,600
-553,500
| -54% | -$17.7M |
|
|
JOYY
1913
PUT
JOYY Inc
JOYY
$3.77B
| $8.38M | ﹤0.01% |
157,300
-45,100
| -22% | -$2.62M |
|
1914
CALL
Vanguard Morningstar Value ETF
VTV
$194B
| $8.36M | ﹤0.01% |
93,900
+3,600
| +4% | +$395K |
|
1915
CALL
Ziff Davis
ZD
$1.88B
| $8.36M | ﹤0.01% |
128,455
+79,580
| +163% | +$6.21M |
|
1916
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$24.6B
| $8.36M | ﹤0.01% |
78,500
+60,900
| +346% | +$7.53M |
|
|
ONC
1917
PUT
BeOne Medicines Ltd
ONC
$42.4B
| $8.36M | ﹤0.01% |
67,900
+2,200
| +3% | +$344K |
|
|
CMA
1918
CALL
DELISTED
Comerica
CMA
| $8.34M | ﹤0.01% |
268,700
+102,700
| +62% | +$5.58M |
|
1919
Moody's
MCO
$89B
| $8.32M | ﹤0.01% |
39,352
-3,264
| -8% | -$793K |
|
|
BIG
1920
PUT
DELISTED
Big Lots, Inc.
BIG
| $8.32M | ﹤0.01% |
584,900
+159,100
| +37% | +$3.6M |
|
1921
iShares S&P GSCI Commodity-Indexed Trust
GSG
$955M
| $8.31M | ﹤0.01% |
+894,048
| New | +$12.2M |
|
1922
PUT
ProShares UltraPro S&P 500
UPRO
$5.5B
| $8.31M | ﹤0.01% |
601,800
-654,800
| -52% | -$19.5M |
|
1923
CALL
Dover
DOV
$27.7B
| $8.31M | ﹤0.01% |
99,000
+41,800
| +73% | +$4.43M |
|
|
WW
1924
PUT
DELISTED
WW International
WW
| $8.3M | ﹤0.01% |
491,100
-802,100
| -62% | -$24.9M |
|
1925
CALL
iShares Core S&P Small-Cap ETF
IJR
$111B
| $8.3M | ﹤0.01% |
148,000
-114,100
| -44% | -$8.5M |
|
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.