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 | |
|---|---|---|---|---|---|---|
1951
PUT
Vulcan Materials
VMC
$35.4B
| $8.14M | ﹤0.01% |
75,300
-68,700
| -48% | -$8.78M |
|
|
MNTV
1952
PUT
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $8.13M | ﹤0.01% |
601,900
+518,800
| +624% | +$8.92M |
|
|
SKX
1953
CALL
DELISTED
Skechers
SKX
| $8.13M | ﹤0.01% |
342,300
-73,700
| -18% | -$2.54M |
|
1954
General Mills
GIS
$21.4B
| $8.1M | ﹤0.01% |
153,495
-928,869
| -86% | -$49M |
|
1955
PUT
Assurant
AIZ
$14.2B
| $8.1M | ﹤0.01% |
77,800
+35,800
| +85% | +$4.41M |
|
1956
CALL
ResMed
RMD
$34.1B
| $8.09M | ﹤0.01% |
54,900
-98,000
| -64% | -$15.6M |
|
1957
Radware
RDWR
$1.21B
| $8.08M | ﹤0.01% |
383,654
+127,990
| +50% | +$3.01M |
|
1958
PUT
Tencent Music
TME
$14.3B
| $8.08M | ﹤0.01% |
803,500
+370,700
| +86% | +$4.56M |
|
1959
PUT
Cracker Barrel
CBRL
$1.29B
| $8.08M | ﹤0.01% |
97,100
-163,800
| -63% | -$22.5M |
|
1960
PUT
Labcorp
LH
$27.3B
| $8.08M | ﹤0.01% |
74,380
+13,270
| +22% | +$1.91M |
|
|
ACIA
1961
CALL
DELISTED
Acacia Communications Inc
ACIA
| $8.07M | ﹤0.01% |
120,200
-122,400
| -50% | -$8.28M |
|
1962
Direxion Daily Financial Bull 3x ETF
FAS
$2.45B
| $8.06M | ﹤0.01% |
343,414
+324,394
| +1,706% | +$24.7M |
|
1963
Northern Trust Morningstar US Market Factor Tilt ETF
TILT
$2.24B
| $8.05M | ﹤0.01% |
86,392
+79,291
| +1,117% | +$9.26M |
|
|
NLSN
1964
DELISTED
Nielsen Holdings plc
NLSN
| $8.05M | ﹤0.01% |
642,168
+542,767
| +546% | +$10.2M |
|
1965
CALL
CarMax
KMX
$9.07B
| $8.05M | ﹤0.01% |
149,500
-177,800
| -54% | -$15M |
|
1966
CALL
iShares Russell 1000 Growth ETF
IWF
$125B
| $8.03M | ﹤0.01% |
213,200
+22,400
| +12% | +$965K |
|
1967
Carlyle Group
CG
$17.5B
| $8.02M | ﹤0.01% |
370,504
+70,883
| +24% | +$2.04M |
|
1968
PUT
Yelp
YELP
$1.23B
| $8.01M | ﹤0.01% |
444,400
+53,600
| +14% | +$1.63M |
|
1969
PUT
AngloGold Ashanti
AU
$59.7B
| $8M | ﹤0.01% |
481,100
+58,900
| +14% | +$1.16M |
|
1970
CALL
Nexstar Media Group
NXST
$5.78B
| $8M | ﹤0.01% |
138,600
+50,000
| +56% | +$5.29M |
|
1971
CALL
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.26B
| $8M | ﹤0.01% |
19,000
+4,010
| +27% | +$1.36M |
|
1972
PUT
Steel Dynamics
STLD
$33.8B
| $8M | ﹤0.01% |
354,800
+106,700
| +43% | +$2.92M |
|
|
LBRDA
1973
DELISTED
Liberty Broadband Class A
LBRDA
| $8M | ﹤0.01% |
74,719
+54,547
| +270% | +$6.68M |
|
1974
CALL
Old Dominion Freight Line
ODFL
$41.4B
| $7.99M | ﹤0.01% |
121,800
-18,000
| -13% | -$1.2M |
|
1975
CALL
iShares Expanded Tech Sector ETF
IGM
$10.5B
| $7.98M | ﹤0.01% |
226,200
+133,800
| +145% | +$5.36M |
|
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.