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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $18.2B | 5.8% |
69,687,600
+17,165,900
| +33% | +$5.24B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $12.9B | 4.1% |
49,275,800
+16,566,600
| +51% | +$5.05B |
|
|
3
PUT
Amazon
AMZN
$2.79T
| $11.1B | 3.55% |
113,540,000
-21,356,000
| -16% | -$2.07B |
|
|
4
CALL
Amazon
AMZN
$2.79T
| $10.9B | 3.48% |
111,258,000
-28,468,000
| -20% | -$2.76B |
|
|
5
PUT
Tesla
TSLA
$1.43T
| $9.5B | 3.02% |
271,923,000
-19,569,000
| -7% | -$811M |
|
|
6
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $7.79B | 2.48% |
30,207,570
+20,960,188
| +227% | +$6.39B |
|
7
PUT
Apple
AAPL
$4.51T
| $6.19B | 1.97% |
97,381,600
-23,705,200
| -20% | -$1.74B |
|
|
8
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $6.04B | 1.92% |
52,794,500
+37,953,800
| +256% | +$5.66B |
|
9
PUT
Invesco QQQ Trust
QQQ
$486B
| $6.01B | 1.91% |
31,584,100
+12,935,900
| +69% | +$2.74B |
|
|
10
CALL
Tesla
TSLA
$1.43T
| $5.87B | 1.87% |
167,953,500
+20,059,500
| +14% | +$832M |
|
|
11
CALL
Apple
AAPL
$4.51T
| $4.72B | 1.5% |
74,243,600
-28,294,000
| -28% | -$2.08B |
|
|
12
CALL
Invesco QQQ Trust
QQQ
$486B
| $3.53B | 1.12% |
18,527,200
-1,425,600
| -7% | -$302M |
|
|
13
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.91B | 0.92% |
50,012,000
+3,248,000
| +7% | +$220M |
|
14
PUT
Microsoft
MSFT
$3.59T
| $2.87B | 0.91% |
17,906,700
+4,350,500
| +32% | +$715M |
|
|
15
CALL
Microsoft
MSFT
$3.59T
| $2.74B | 0.87% |
17,122,900
+3,638,400
| +27% | +$598M |
|
16
PUT
NVIDIA
NVDA
$5.2T
| $2.39B | 0.76% |
363,256,000
+16,268,000
| +5% | +$103M |
|
17
PUT
Booking.com
BKNG
$158B
| $2.24B | 0.71% |
41,637,500
+1,552,500
| +4% | +$109M |
|
|
18
CALL
Alibaba
BABA
$286B
| $2.18B | 0.69% |
11,225,200
+1,561,700
| +16% | +$326M |
|
|
19
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.1B | 0.67% |
36,066,000
+3,504,000
| +11% | +$237M |
|
|
20
PUT
Alibaba
BABA
$286B
| $1.98B | 0.63% |
10,180,500
-1,146,100
| -10% | -$239M |
|
21
PUT
Walt Disney
DIS
$186B
| $1.92B | 0.61% |
19,828,000
+9,493,000
| +92% | +$1.2B |
|
22
PUT
Netflix
NFLX
$331B
| $1.88B | 0.6% |
50,072,000
-25,953,000
| -34% | -$918M |
|
|
23
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.87B | 0.59% |
11,311,600
+4,618,300
| +69% | +$688M |
|
24
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.76B | 0.56% |
10,555,600
+2,235,100
| +27% | +$438M |
|
25
PUT
Boeing
BA
$169B
| $1.68B | 0.54% |
11,059,200
+1,016,100
| +10% | +$278M |
|
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.