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 | |
|---|---|---|---|---|---|---|
2051
iShares Select U.S. REIT ETF
ICF
$2.11B
| $7.5M | ﹤0.01% |
163,868
+158,708
| +3,076% | +$8.88M |
|
2052
ProShares UltraShort Bloomberg Crude Oil
SCO
$761M
| $7.5M | ﹤0.01% |
1,876
+1,122
| +149% | +$2M |
|
|
ICPT
2053
CALL
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $7.5M | ﹤0.01% |
119,100
-226,200
| -66% | -$20.3M |
|
2054
CALL
iShares US Home Construction ETF
ITB
$2.27B
| $7.49M | ﹤0.01% |
259,000
+146,800
| +131% | +$6.29M |
|
2055
CALL
IPG Photonics
IPGP
$3.16B
| $7.48M | ﹤0.01% |
67,800
+20,900
| +45% | +$2.73M |
|
2056
Deere & Co
DE
$171B
| $7.47M | ﹤0.01% |
54,097
-80,340
| -60% | -$12.7M |
|
2057
CALL
Dave & Buster's
PLAY
$343M
| $7.47M | ﹤0.01% |
571,400
+542,600
| +1,884% | +$18.6M |
|
2058
Centene
CNC
$32.3B
| $7.47M | ﹤0.01% |
125,748
-313,120
| -71% | -$19M |
|
2059
CALL
MPLX
MPLX
$60.1B
| $7.47M | ﹤0.01% |
642,500
+269,700
| +72% | +$5.53M |
|
|
NVO
2060
PUT
Novo Nordisk
NVO
$209B
| $7.46M | ﹤0.01% |
248,000
-40,200
| -14% | -$1.2M |
|
2061
PUT
ZTO Express
ZTO
$16.2B
| $7.44M | ﹤0.01% |
281,100
+155,500
| +124% | +$3.77M |
|
2062
PUT
Stanley Black & Decker
SWK
$15.1B
| $7.44M | ﹤0.01% |
74,400
-48,100
| -39% | -$6.87M |
|
2063
PUT
Ventas
VTR
$48B
| $7.41M | ﹤0.01% |
276,600
-675,700
| -71% | -$33.6M |
|
2064
CALL
iShares Russell 1000 ETF
IWB
$48.9B
| $7.4M | ﹤0.01% |
52,300
+43,700
| +508% | +$7.39M |
|
2065
PUT
Direxion Daily Energy Bear 2X ETF
ERY
$40M
| $7.39M | ﹤0.01% |
6,350
+870
| +16% | +$784K |
|
2066
CALL
Omega Healthcare
OHI
$14.2B
| $7.39M | ﹤0.01% |
278,400
+111,500
| +67% | +$4.23M |
|
|
UNIT
2067
CALL
Uniti Group
UNIT
$2.47B
| $7.39M | ﹤0.01% |
1,225,200
+203,900
| +20% | +$1.6M |
|
2068
PUT
Iovance Biotherapeutics
IOVA
$3.66B
| $7.38M | ﹤0.01% |
246,700
+123,800
| +101% | +$3.28M |
|
2069
Fair Isaac
FICO
$24.5B
| $7.37M | ﹤0.01% |
23,941
+5,358
| +29% | +$1.97M |
|
2070
PUT
Hyatt Hotels
H
$16.7B
| $7.35M | ﹤0.01% |
153,500
+105,700
| +221% | +$7.99M |
|
2071
PUT
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$721M
| $7.35M | ﹤0.01% |
16,300
-5,175
| -24% | -$4.71M |
|
2072
PUT
Henry Schein
HSIC
$10.1B
| $7.34M | ﹤0.01% |
145,300
+75,200
| +107% | +$4.77M |
|
|
CLVS
2073
CALL
DELISTED
Clovis Oncology, Inc.
CLVS
| $7.34M | ﹤0.01% |
1,154,100
-906,700
| -44% | -$7.27M |
|
|
DFS
2074
DELISTED
Discover Financial Services
DFS
| $7.33M | ﹤0.01% |
205,431
+108,699
| +112% | +$7.2M |
|
2075
CALL
Annaly Capital Management
NLY
$17.2B
| $7.33M | ﹤0.01% |
361,300
+263,000
| +268% | +$9.25M |
|
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.