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 | |
|---|---|---|---|---|---|---|
2001
Alcon
ALC
$35.1B
| $7.87M | ﹤0.01% |
+154,878
| New | +$8.9M |
|
2002
PUT
Tenet Healthcare
THC
$22.1B
| $7.87M | ﹤0.01% |
546,600
+800
| +0.1% | +$23K |
|
2003
PUT
Vanguard FTSE Europe ETF
VGK
$31.2B
| $7.87M | ﹤0.01% |
181,800
-18,800
| -9% | -$996K |
|
2004
PUT
ProShares UltraShort Yen
YCS
$30.1M
| $7.86M | ﹤0.01% |
424,000
+235,600
| +125% | +$4.52M |
|
2005
iShares US Financials ETF
IYF
$4.32B
| $7.85M | ﹤0.01% |
161,438
+152,586
| +1,724% | +$9.66M |
|
|
MRSH
2006
CALL
Marsh
MRSH
$92.2B
| $7.83M | ﹤0.01% |
90,600
+46,100
| +104% | +$4.91M |
|
2007
CALL
DTE Energy
DTE
$28.7B
| $7.83M | ﹤0.01% |
96,820
+68,032
| +236% | +$6.9M |
|
2008
PUT
Signet Jewelers
SIG
$3.25B
| $7.82M | ﹤0.01% |
1,212,300
-52,700
| -4% | -$1.08M |
|
|
TIF
2009
CALL
DELISTED
Tiffany & Co.
TIF
| $7.81M | ﹤0.01% |
60,300
-403,200
| -87% | -$53.1M |
|
|
IMMU
2010
DELISTED
Immunomedics Inc
IMMU
| $7.81M | ﹤0.01% |
579,211
+337,788
| +140% | +$5.68M |
|
2011
CALL
Neurocrine Biosciences
NBIX
$15.9B
| $7.81M | ﹤0.01% |
90,200
-100,800
| -53% | -$9.86M |
|
|
TMX
2012
PUT
DELISTED
Terminix Global Holdings, Inc.
TMX
| $7.78M | ﹤0.01% |
288,100
+50,400
| +21% | +$1.72M |
|
2013
CALL
Direxion Daily FTSE China Bear 3X ETF
YANG
$101M
| $7.78M | ﹤0.01% |
8,575
+7,225
| +535% | +$6.57M |
|
|
BIG
2014
DELISTED
Big Lots, Inc.
BIG
| $7.78M | ﹤0.01% |
546,818
+323,407
| +145% | +$7.32M |
|
2015
CALL
Assured Guaranty
AGO
$3.34B
| $7.77M | ﹤0.01% |
301,100
+24,000
| +9% | +$994K |
|
2016
VICI Properties
VICI
$28.6B
| $7.76M | ﹤0.01% |
466,446
-3,813
| -0.8% | -$89.1K |
|
2017
Under Armour Class C
UA
$2.16B
| $7.76M | ﹤0.01% |
962,910
-123,898
| -11% | -$1.78M |
|
2018
PUT
IPG Photonics
IPGP
$3.16B
| $7.75M | ﹤0.01% |
70,300
-9,300
| -12% | -$1.22M |
|
2019
CALL
Lear
LEA
$8.28B
| $7.75M | ﹤0.01% |
95,400
-123,300
| -56% | -$14.2M |
|
|
FITB
2020
PUT
Fifth Third Bancorp
FITB
$50B
| $7.75M | ﹤0.01% |
521,900
+383,700
| +278% | +$9.57M |
|
2021
PUT
Abercrombie & Fitch
ANF
$6.56B
| $7.75M | ﹤0.01% |
852,400
+283,700
| +50% | +$4.11M |
|
2022
iShares MSCI Japan ETF
EWJ
$22.6B
| $7.75M | ﹤0.01% |
156,855
-209,347
| -57% | -$11.5M |
|
2023
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$5.82B
| $7.74M | ﹤0.01% |
485,430
+90,070
| +23% | +$1.7M |
|
2024
CALL
Oshkosh
OSK
$9.72B
| $7.72M | ﹤0.01% |
120,000
+85,300
| +246% | +$6.69M |
|
2025
Tencent Music
TME
$14.4B
| $7.71M | ﹤0.01% |
766,427
+213,348
| +39% | +$2.63M |
|
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.