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 | |
|---|---|---|---|---|---|---|
1976
CALL
KB Home
KBH
$3.46B
| $7.98M | ﹤0.01% |
440,800
+6,200
| +1% | +$199K |
|
1977
PG&E
PCG
$40.3B
| $7.97M | ﹤0.01% |
886,917
+18,303
| +2% | +$243K |
|
|
SNP
1978
DELISTED
CHINA PETROLEUM & CHEMICAL CORPORATION ADS (REP 100 ORDINARY H SHARES)
SNP
| $7.97M | ﹤0.01% |
163,703
+149,115
| +1,022% | +$7.92M |
|
|
CZR
1979
DELISTED
Caesars Entertainment Corporation
CZR
| $7.97M | ﹤0.01% |
1,178,773
-1,293,987
| -52% | -$15.2M |
|
1980
iShares Biotechnology ETF
IBB
$10.8B
| $7.97M | ﹤0.01% |
73,947
-9,806
| -12% | -$1.13M |
|
1981
CALL
Trane Technologies
TT
$101B
| $7.96M | ﹤0.01% |
96,400
+31,600
| +49% | +$3.84M |
|
|
KL
1982
CALL
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $7.96M | ﹤0.01% |
268,800
+136,200
| +103% | +$4.99M |
|
1983
Enbridge
ENB
$110B
| $7.95M | ﹤0.01% |
273,337
+217,110
| +386% | +$8.05M |
|
|
AXON
1984
PUT
Axon Enterprise
AXON
$49.3B
| $7.95M | ﹤0.01% |
112,300
+29,600
| +36% | +$2.22M |
|
1985
PUT
Penumbra
PEN
$12.7B
| $7.94M | ﹤0.01% |
49,200
-75,300
| -60% | -$12.7M |
|
1986
CALL
ProShares Short S&P500
SH
$830M
| $7.94M | ﹤0.01% |
71,725
+69,150
| +2,685% | +$6.98M |
|
1987
PUT
UBS Group
UBS
$167B
| $7.93M | ﹤0.01% |
856,700
+348,800
| +69% | +$4.02M |
|
1988
AB InBev
BUD
$156B
| $7.93M | ﹤0.01% |
179,765
+108,139
| +151% | +$7.06M |
|
1989
Innovator International Developed Power Buffer ETF July
IJUL
$257M
| $7.93M | ﹤0.01% |
+378,929
| New | +$8.56M |
|
1990
PUT
Allstate
ALL
$66B
| $7.92M | ﹤0.01% |
86,400
+55,700
| +181% | +$6.06M |
|
1991
CALL
Factset
FDS
$10.5B
| $7.92M | ﹤0.01% |
30,400
-1,200
| -4% | -$326K |
|
1992
Vanguard High Dividend Yield ETF
VYM
$83.2B
| $7.92M | ﹤0.01% |
111,973
+38,872
| +53% | +$3.34M |
|
|
JNPR
1993
CALL
DELISTED
Juniper Networks
JNPR
| $7.92M | ﹤0.01% |
413,500
-307,400
| -43% | -$6.9M |
|
1994
PUT
Huntington Ingalls Industries
HII
$11.7B
| $7.91M | ﹤0.01% |
43,400
-500
| -1% | -$117K |
|
1995
CALL
Howmet Aerospace
HWM
$107B
| $7.91M | ﹤0.01% |
642,090
-38,076
| -6% | -$792K |
|
|
VRNT
1996
PUT
DELISTED
Verint Systems
VRNT
| $7.91M | ﹤0.01% |
360,996
+280,709
| +350% | +$7.55M |
|
1997
CALL
TripAdvisor
TRIP
$1.18B
| $7.9M | ﹤0.01% |
454,400
+122,700
| +37% | +$3.11M |
|
1998
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.26B
| $7.89M | ﹤0.01% |
+18,746
| New | +$6.35M |
|
1999
PUT
Neurocrine Biosciences
NBIX
$16.1B
| $7.88M | ﹤0.01% |
91,100
+8,400
| +10% | +$822K |
|
2000
Avery Dennison
AVY
$13.8B
| $7.88M | ﹤0.01% |
77,371
+44,646
| +136% | +$5.47M |
|
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.