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 | |
|---|---|---|---|---|---|---|
201
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $233M | 0.07% |
16,044,200
+2,896,800
| +22% | +$68.7M |
|
202
CALL
Cigna
CI
$73.3B
| $233M | 0.07% |
1,312,300
-83,700
| -6% | -$16.2M |
|
203
CALL
Baidu
BIDU
$31.6B
| $232M | 0.07% |
2,304,800
-372,100
| -14% | -$45.3M |
|
204
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $231M | 0.07% |
9,813,300
+2,017,900
| +26% | +$78M |
|
205
PUT
CVS Health
CVS
$119B
| $229M | 0.07% |
3,852,800
+256,700
| +7% | +$17.1M |
|
206
CALL
Mercado Libre
MELI
$97.5B
| $229M | 0.07% |
467,800
-27,500
| -6% | -$17M |
|
207
PUT
Caterpillar
CAT
$381B
| $228M | 0.07% |
1,961,200
+189,200
| +11% | +$24.2M |
|
208
PUT
Blackstone
BX
$108B
| $226M | 0.07% |
4,968,900
-353,300
| -7% | -$19.5M |
|
209
Cisco
CSCO
$438B
| $226M | 0.07% |
5,757,071
+567,383
| +11% | +$24.9M |
|
210
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $225M | 0.07% |
10,821,300
+5,816,800
| +116% | +$160M |
|
211
PUT
PepsiCo
PEP
$196B
| $221M | 0.07% |
1,840,300
+958,800
| +109% | +$130M |
|
212
CALL
Qualcomm
QCOM
$169B
| $220M | 0.07% |
3,257,500
+119,400
| +4% | +$9.79M |
|
213
PUT
Delta Air Lines
DAL
$54.2B
| $219M | 0.07% |
7,661,200
+5,667,500
| +284% | +$281M |
|
214
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $218M | 0.07% |
1,491
-548
| -27% | -$40.1M |
|
215
CALL
JD.com
JD
$39.7B
| $216M | 0.07% |
5,340,000
-2,625,400
| -33% | -$105M |
|
|
216
Qualcomm
QCOM
$169B
| $215M | 0.07% |
3,173,593
+1,190,463
| +60% | +$97.6M |
|
217
PUT
Vanguard Real Estate ETF
VNQ
$39.1B
| $215M | 0.07% |
3,073,600
-3,093,900
| -50% | -$272M |
|
|
218
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $214M | 0.07% |
9,098,900
+61,600
| +0.7% | +$2.38M |
|
219
CALL
Wells Fargo
WFC
$254B
| $213M | 0.07% |
7,428,400
-720,400
| -9% | -$30.6M |
|
220
PUT
Kraft Heinz
KHC
$30.3B
| $211M | 0.07% |
8,524,200
+4,522,200
| +113% | +$124M |
|
221
CALL
RTX Corp
RTX
$283B
| $210M | 0.07% |
3,536,478
+668,333
| +23% | +$56.6M |
|
222
CALL
Lam Research
LRCX
$393B
| $210M | 0.07% |
8,738,000
+1,100,000
| +14% | +$31.7M |
|
|
223
CALL
Blackstone
BX
$108B
| $209M | 0.07% |
4,595,600
+1,405,800
| +44% | +$77.8M |
|
224
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $208M | 0.07% |
5,169,800
-3,091,800
| -37% | -$141M |
|
|
225
PUT
Baidu
BIDU
$31.6B
| $205M | 0.07% |
2,035,200
-780,700
| -28% | -$95.1M |
|
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.