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 |
Boeing
BA
|
+$923M |
| 2 |
Walt Disney
DIS
|
+$710M |
| 3 |
Bank of America
BAC
|
+$510M |
| 4 |
Amazon
AMZN
|
+$481M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$393M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.65B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$678M |
| 3 |
Micron Technology
MU
|
+$514M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$327M |
| 5 |
Alibaba
BABA
|
+$307M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.44% |
| 2 | Communication Services | 1.2% |
| 3 | Consumer Discretionary | 1.2% |
| 4 | Financials | 0.94% |
| 5 | Healthcare | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SINA
226
DELISTED
Sina Corp
SINA
| $173M | 0.07% |
2,918,867
-147,937
| -5% | -$8.87M |
|
227
CALL
Roku
ROKU
$23.4B
| $170M | 0.07% |
2,635,600
+1,893,300
| +255% | +$101M |
|
228
CALL
Accenture
ACN
$113B
| $170M | 0.07% |
965,500
+272,600
| +39% | +$42.8M |
|
|
RTN
229
PUT
DELISTED
Raytheon Company
RTN
| $169M | 0.07% |
929,600
+337,200
| +57% | +$58.8M |
|
230
PUT
Coca-Cola
KO
$392B
| $169M | 0.07% |
3,605,900
+811,400
| +29% | +$38M |
|
231
PUT
Lockheed Martin
LMT
$130B
| $168M | 0.07% |
559,700
-116,200
| -17% | -$34.1M |
|
232
PUT
SLB Ltd
SLB
$79.9B
| $168M | 0.07% |
3,852,300
-795,000
| -17% | -$34.4M |
|
233
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $168M | 0.07% |
6,520,100
-1,796,500
| -22% | -$46.4M |
|
234
PUT
Cigna
CI
$73.3B
| $167M | 0.07% |
1,040,900
-520,300
| -33% | -$95M |
|
235
CALL
Kimberly-Clark
KMB
$36.4B
| $166M | 0.07% |
1,342,900
+220,200
| +20% | +$25.6M |
|
236
CALL
Starbucks
SBUX
$122B
| $166M | 0.07% |
2,235,100
-978,400
| -30% | -$67.2M |
|
237
Bristol-Myers Squibb
BMY
$137B
| $166M | 0.07% |
3,474,102
+3,353,663
| +2,785% | +$167M |
|
|
XLNX
238
PUT
DELISTED
Xilinx Inc
XLNX
| $164M | 0.07% |
1,294,900
+983,500
| +316% | +$110M |
|
239
PUT
ExxonMobil
XOM
$679B
| $164M | 0.07% |
2,031,100
-668,600
| -25% | -$51M |
|
240
Adobe
ADBE
$109B
| $164M | 0.07% |
615,192
+318,859
| +108% | +$80.4M |
|
241
Kraft Heinz
KHC
$30.3B
| $163M | 0.07% |
4,995,810
+2,924,478
| +141% | +$119M |
|
242
PUT
Blackstone
BX
$108B
| $162M | 0.07% |
4,642,300
-1,102,800
| -19% | -$36.8M |
|
243
CALL
Lam Research
LRCX
$393B
| $162M | 0.07% |
9,054,000
-5,297,000
| -37% | -$88.4M |
|
244
CALL
Shopify
SHOP
$192B
| $162M | 0.07% |
7,833,000
-1,528,000
| -16% | -$27M |
|
245
CALL
CVS Health
CVS
$119B
| $162M | 0.07% |
2,996,100
-268,300
| -8% | -$16.6M |
|
246
CALL
Oracle
ORCL
$422B
| $161M | 0.07% |
3,001,700
-778,800
| -21% | -$39.7M |
|
247
Morgan Stanley
MS
$336B
| $161M | 0.07% |
3,810,699
+557,937
| +17% | +$23.5M |
|
248
PUT
Trade Desk
TTD
$6.19B
| $160M | 0.07% |
8,104,000
+2,161,000
| +36% | +$35.4M |
|
249
CALL
Constellation Brands
STZ
$23.2B
| $160M | 0.07% |
912,200
-1,023,100
| -53% | -$172M |
|
250
PUT
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $160M | 0.07% |
85,372
+75,202
| +739% | +$166M |
|
Similar funds
Jeff Yass's Q1 2019 Portfolio in Review
As of Q1 2019, Jeff Yass held 10,685 positions worth $243B, down 3.3% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass withdrew a net $43.7B in Q1 2019, closing 1,970 positions and reducing 3,279 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $678M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 2.3% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares China Large-Cap ETF worth $192M.
- Jeff Yass's largest Q1 2019 buy was iShares China Large-Cap ETF: 4,340,587 shares worth $192M.
- Jeff Yass added most to Boeing in Q1 2019, an estimated $923M increase.
- Jeff Yass's biggest Q1 2019 reduction was Apple, cutting an estimated $2.65B.
- Jeff Yass fully exited State Street SPDR S&P 500 ETF Trust in Q1 2019, selling an estimated $678M.
- Jeff Yass's ten largest holdings make up 25% of its $243B portfolio in Q1 2019.
- Jeff Yass opened 1,860 new positions and closed 1,970 in Q1 2019.
- Jeff Yass's portfolio value fell 3.3% quarter-over-quarter to $243B.
Based on Susquehanna International Group's 13F filing for Q1 2019, filed 15 May 2019.