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 | |
|---|---|---|---|---|---|---|
176
PUT
Verizon
VZ
$205B
| $277M | 0.09% |
5,164,700
+2,440,000
| +90% | +$140M |
|
177
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $276M | 0.09% |
8,078,540
+7,163,567
| +783% | +$294M |
|
178
CALL
Micron Technology
MU
$1.09T
| $275M | 0.09% |
6,534,200
-1,530,700
| -19% | -$79.6M |
|
179
PUT
Beyond Meat
BYND
$254M
| $273M | 0.09% |
136,463
+18,623
| +16% | +$54.2M |
|
180
CALL
Intuitive Surgical
ISRG
$134B
| $273M | 0.09% |
1,651,500
+96,600
| +6% | +$17.7M |
|
181
CALL
Roku
ROKU
$23.4B
| $269M | 0.09% |
3,072,000
-922,800
| -23% | -$106M |
|
182
PUT
Zoom
ZM
$31.5B
| $265M | 0.08% |
1,814,300
+855,200
| +89% | +$84.4M |
|
183
CALL
Lockheed Martin
LMT
$130B
| $264M | 0.08% |
779,000
+44,700
| +6% | +$17.6M |
|
|
184
CALL
Citigroup
C
$221B
| $263M | 0.08% |
6,252,900
-1,786,600
| -22% | -$120M |
|
185
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $258M | 0.08% |
4,411,400
-131,400
| -3% | -$8.86M |
|
186
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $255M | 0.08% |
7,748,300
+6,192,775
| +398% | +$410M |
|
187
CALL
ServiceNow
NOW
$133B
| $251M | 0.08% |
4,380,000
-4,671,000
| -52% | -$292M |
|
188
PUT
Charter Communications
CHTR
$17.9B
| $250M | 0.08% |
573,600
+65,500
| +13% | +$32M |
|
|
AGN
189
PUT
DELISTED
Allergan plc
AGN
| $248M | 0.08% |
1,403,000
-299,100
| -18% | -$56.3M |
|
190
CALL
Nike
NKE
$60.5B
| $247M | 0.08% |
2,981,800
+788,200
| +36% | +$73.3M |
|
191
PUT
Merck
MRK
$376B
| $245M | 0.08% |
3,330,439
-167,156
| -5% | -$13.1M |
|
192
VanEck Gold Miners ETF
GDX
$31.8B
| $244M | 0.08% |
10,592,618
-5,873,325
| -36% | -$161M |
|
193
Wells Fargo
WFC
$254B
| $243M | 0.08% |
8,452,689
+1,916,315
| +29% | +$81.5M |
|
194
PUT
Chevron
CVX
$403B
| $242M | 0.08% |
3,346,400
+1,532,100
| +84% | +$151M |
|
|
LK
195
PUT
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $242M | 0.08% |
8,897,300
+6,474,700
| +267% | +$238M |
|
196
CALL
Comcast
CMCSA
$95.3B
| $239M | 0.08% |
6,723,200
-837,700
| -11% | -$35.3M |
|
197
PUT
Union Pacific
UNP
$183B
| $237M | 0.08% |
1,681,200
+551,200
| +49% | +$91.1M |
|
198
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $236M | 0.08% |
2,669,100
-512,600
| -16% | -$49.8M |
|
199
CALL
GE Aerospace
GE
$361B
| $234M | 0.07% |
5,916,232
+1,234,978
| +26% | +$65.8M |
|
200
Invesco DB US Dollar Index Bullish Fund
UUP
$350M
| $233M | 0.07% |
+8,692,802
| New | +$231M |
|
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.