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 | |
|---|---|---|---|---|---|---|
|
WW
2026
CALL
DELISTED
WW International
WW
| $7.7M | ﹤0.01% |
455,600
-659,800
| -59% | -$20.5M |
|
2027
VanEck Long Muni ETF
MLN
$679M
| $7.7M | ﹤0.01% |
+377,061
| New | +$7.89M |
|
2028
Hexcel
HXL
$7.16B
| $7.69M | ﹤0.01% |
206,666
+198,967
| +2,584% | +$12.8M |
|
|
REGI
2029
CALL
DELISTED
Renewable Energy Group, Inc.
REGI
| $7.69M | ﹤0.01% |
374,400
+43,900
| +13% | +$1.11M |
|
|
IMMU
2030
CALL
DELISTED
Immunomedics Inc
IMMU
| $7.68M | ﹤0.01% |
569,600
-734,700
| -56% | -$12.4M |
|
2031
PUT
Exelixis
EXEL
$13.9B
| $7.66M | ﹤0.01% |
444,700
-144,000
| -24% | -$2.63M |
|
2032
National Healthcare
NHC
$3.53B
| $7.64M | ﹤0.01% |
106,552
+86,436
| +430% | +$6.84M |
|
2033
iShares Global Utilities ETF
JXI
$305M
| $7.61M | ﹤0.01% |
150,277
+109,273
| +266% | +$6.33M |
|
|
DNKN
2034
PUT
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $7.6M | ﹤0.01% |
143,200
+60,900
| +74% | +$4.22M |
|
2035
CALL
Bilibili
BILI
$6.76B
| $7.59M | ﹤0.01% |
324,300
+79,100
| +32% | +$1.91M |
|
2036
Chubb
CB
$133B
| $7.59M | ﹤0.01% |
67,960
-51,327
| -43% | -$7.36M |
|
2037
CALL
Fortive
FTV
$18.2B
| $7.58M | ﹤0.01% |
217,884
+42,498
| +24% | +$1.86M |
|
|
CMA
2038
PUT
DELISTED
Comerica
CMA
| $7.57M | ﹤0.01% |
244,000
+28,300
| +13% | +$1.54M |
|
|
IPHI
2039
PUT
DELISTED
INPHI CORPORATION
IPHI
| $7.57M | ﹤0.01% |
95,600
+54,300
| +131% | +$4.22M |
|
2040
PUT
Crown Holdings
CCK
$13B
| $7.57M | ﹤0.01% |
130,400
-26,200
| -17% | -$1.82M |
|
2041
iShares Global Consumer Discretionary ETF
RXI
$269M
| $7.57M | ﹤0.01% |
79,989
+56,853
| +246% | +$6.58M |
|
|
KYNB
2042
PUT
Kyntra Bio
KYNB
$32.8M
| $7.56M | ﹤0.01% |
8,704
-3,672
| -30% | -$3.65M |
|
|
SDC
2043
DELISTED
SmileDirectClub, Inc. Class A Common Stock
SDC
| $7.56M | ﹤0.01% |
1,619,381
+909,716
| +128% | +$8.96M |
|
|
WCN
2044
PUT
Waste Connections
WCN
$42B
| $7.56M | ﹤0.01% |
97,500
+77,700
| +392% | +$7.3M |
|
2045
Vodafone
VOD
$36.8B
| $7.55M | ﹤0.01% |
548,468
+148,719
| +37% | +$2.66M |
|
2046
CALL
Huntsman Corp
HUN
$1.69B
| $7.54M | ﹤0.01% |
522,600
-175,800
| -25% | -$3.43M |
|
2047
CALL
Ollie's Bargain Outlet
OLLI
$4.49B
| $7.53M | ﹤0.01% |
162,500
+12,800
| +9% | +$656K |
|
|
RDFN
2048
CALL
DELISTED
Redfin
RDFN
| $7.51M | ﹤0.01% |
487,100
+332,200
| +214% | +$7.74M |
|
2049
Vanguard Morningstar Mid-Cap ETF
VO
$110B
| $7.51M | ﹤0.01% |
228,196
+198,956
| +680% | +$8.24M |
|
2050
CALL
Xylem
XYL
$26.5B
| $7.51M | ﹤0.01% |
115,300
+69,500
| +152% | +$5.48M |
|
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.