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 |
Amazon
AMZN
|
+$1.58B |
| 2 |
Netflix
NFLX
|
+$496M |
| 3 |
Meta Platforms (Facebook)
META
|
+$275M |
| 4 |
Alibaba
BABA
|
+$215M |
| 5 |
UnitedHealth
UNH
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$926M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$682M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$556M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$246M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.18% |
| 2 | Technology | 2.09% |
| 3 | Communication Services | 1.44% |
| 4 | Financials | 1.21% |
| 5 | Healthcare | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $218M | 0.07% |
2,854,600
+991,400
| +53% | +$82.4M |
|
227
CALL
United States Oil Fund
USO
$2.24B
| $218M | 0.07% |
2,404,875
-1,081,138
| -31% | -$102M |
|
228
PUT
Cigna
CI
$73.3B
| $217M | 0.07% |
1,426,500
+399,100
| +39% | +$65M |
|
229
PUT
Occidental Petroleum
OXY
$61.3B
| $216M | 0.07% |
4,859,600
+1,880,800
| +63% | +$88.9M |
|
230
CALL
3M
MMM
$92.3B
| $214M | 0.07% |
1,555,637
-386,069
| -20% | -$54M |
|
231
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $211M | 0.07% |
7,684,600
+2,884,900
| +60% | +$80.7M |
|
232
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $210M | 0.07% |
7,879,600
+1,602,800
| +26% | +$43.1M |
|
233
CALL
Ulta Beauty
ULTA
$22.4B
| $209M | 0.07% |
832,900
+435,400
| +110% | +$134M |
|
234
PUT
Trade Desk
TTD
$6.19B
| $209M | 0.07% |
11,130,000
+1,569,000
| +16% | +$37.3M |
|
235
PUT
ExxonMobil
XOM
$679B
| $208M | 0.07% |
2,951,100
+350,800
| +13% | +$25.4M |
|
236
Roku
ROKU
$23.4B
| $204M | 0.07% |
2,007,451
+745,701
| +59% | +$91.2M |
|
237
PayPal
PYPL
$52.7B
| $204M | 0.07% |
1,969,894
+1,593,074
| +423% | +$175M |
|
238
PUT
Chevron
CVX
$403B
| $203M | 0.07% |
1,709,700
+421,800
| +33% | +$51.2M |
|
239
CALL
General Motors
GM
$77.2B
| $202M | 0.07% |
5,400,700
+454,700
| +9% | +$17.5M |
|
240
CALL
Morgan Stanley
MS
$336B
| $201M | 0.07% |
4,719,200
+746,300
| +19% | +$31.9M |
|
241
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $201M | 0.07% |
7,171,836
+78,998
| +1% | +$2.18M |
|
242
CALL
Southern Company
SO
$102B
| $199M | 0.07% |
3,222,300
+1,623,300
| +102% | +$94.1M |
|
243
PUT
Humana
HUM
$45.5B
| $199M | 0.07% |
777,200
+236,000
| +44% | +$66.2M |
|
244
CALL
Starbucks
SBUX
$122B
| $198M | 0.07% |
2,234,300
+470,500
| +27% | +$43.6M |
|
245
CALL
Caterpillar
CAT
$381B
| $197M | 0.07% |
1,563,200
-126,400
| -7% | -$16.1M |
|
246
PUT
Northrop Grumman
NOC
$78.3B
| $197M | 0.07% |
526,300
+79,300
| +18% | +$28.1M |
|
247
PUT
lululemon athletica
LULU
$13.7B
| $197M | 0.07% |
1,023,500
+453,400
| +80% | +$84.7M |
|
248
PUT
Philip Morris
PM
$293B
| $196M | 0.07% |
2,581,200
+715,800
| +38% | +$56.7M |
|
|
VMW
249
PUT
DELISTED
VMware, Inc
VMW
| $196M | 0.07% |
1,303,000
+283,900
| +28% | +$44.7M |
|
250
PUT
United Airlines
UAL
$36.7B
| $192M | 0.06% |
2,173,400
+524,400
| +32% | +$46.3M |
|
Similar funds
Jeff Yass's Q3 2019 Portfolio in Review
As of Q3 2019, Jeff Yass held 11,380 positions worth $298B, up 8.4% from $275B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $26.9B of net new capital in Q3 2019, opening 1,223 new positions and adding to 4,885 existing holdings. Its largest new stake was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $926M trimmed.
- Jeff Yass's largest Q3 2019 buy was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
- Jeff Yass added most to Amazon in Q3 2019, an estimated $1.58B increase.
- Jeff Yass's biggest Q3 2019 reduction was Alphabet (Google) Class A, cutting an estimated $926M.
- Jeff Yass fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $179M.
- Jeff Yass's ten largest holdings make up 24% of its $298B portfolio in Q3 2019.
- Jeff Yass opened 1,223 new positions and closed 1,294 in Q3 2019.
- Jeff Yass's portfolio value rose 8.4% quarter-over-quarter to $298B.
Based on Susquehanna International Group's 13F filing for Q3 2019, filed 14 Nov 2019.