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
|
+$1.33B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$781M |
| 3 |
Tesla
TSLA
|
+$468M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$467M |
| 5 |
Home Depot
HD
|
+$344M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.36B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$860M |
| 3 |
Bank of America
BAC
|
+$413M |
| 4 |
Advanced Micro Devices
AMD
|
+$283M |
| 5 |
Salesforce
CRM
|
+$262M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.2% |
| 2 | Consumer Discretionary | 1.94% |
| 3 | Communication Services | 1.89% |
| 4 | Healthcare | 1.12% |
| 5 | Financials | 1.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
PUT
Pfizer
PFE
$160B
| $246M | 0.07% |
6,620,806
-554,088
| -8% | -$19.7M |
|
227
AT&T
T
$173B
| $246M | 0.07% |
8,333,568
+1,873,387
| +29% | +$54.1M |
|
228
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $245M | 0.07% |
8,289,400
+604,800
| +8% | +$16.5M |
|
229
CALL
Morgan Stanley
MS
$336B
| $244M | 0.07% |
4,775,500
+56,300
| +1% | +$2.66M |
|
230
PUT
United States Oil Fund
USO
$2.24B
| $244M | 0.07% |
2,376,075
-696,238
| -23% | -$66.2M |
|
231
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $242M | 0.07% |
2,547,800
-306,800
| -11% | -$26.5M |
|
232
PUT
Cigna
CI
$73.3B
| $242M | 0.07% |
1,181,900
-244,600
| -17% | -$44.8M |
|
|
AGN
233
CALL
DELISTED
Allergan plc
AGN
| $241M | 0.07% |
1,260,000
-353,000
| -22% | -$63.7M |
|
234
ExxonMobil
XOM
$679B
| $238M | 0.07% |
3,411,709
+2,240,002
| +191% | +$155M |
|
235
PUT
JD.com
JD
$39.7B
| $237M | 0.07% |
6,724,000
-3,527,900
| -34% | -$114M |
|
236
Costco
COST
$420B
| $237M | 0.07% |
805,793
+328,979
| +69% | +$97.8M |
|
237
PUT
Palo Alto Networks
PANW
$292B
| $232M | 0.07% |
6,026,400
+1,102,200
| +22% | +$41.7M |
|
238
CALL
McDonald's
MCD
$192B
| $230M | 0.07% |
1,165,600
-221,300
| -16% | -$43.9M |
|
239
CALL
iShares US Real Estate ETF
IYR
$4.62B
| $226M | 0.07% |
2,430,300
+605,300
| +33% | +$56.1M |
|
|
240
CALL
Pfizer
PFE
$160B
| $226M | 0.07% |
6,084,110
-675,930
| -10% | -$24.1M |
|
|
VMW
241
PUT
DELISTED
VMware, Inc
VMW
| $226M | 0.06% |
1,485,800
+182,800
| +14% | +$28.6M |
|
242
CALL
Lam Research
LRCX
$393B
| $223M | 0.06% |
7,638,000
-1,905,000
| -20% | -$50.6M |
|
243
CALL
Beyond Meat
BYND
$254M
| $223M | 0.06% |
98,143
-34,430
| -26% | -$95.8M |
|
244
CALL
Nike
NKE
$60.5B
| $222M | 0.06% |
2,193,600
-467,100
| -18% | -$44M |
|
245
CALL
General Motors
GM
$77.2B
| $222M | 0.06% |
6,057,300
+656,600
| +12% | +$23.9M |
|
|
246
PUT
Nike
NKE
$60.5B
| $220M | 0.06% |
2,169,400
+830,900
| +62% | +$78.3M |
|
247
PUT
Occidental Petroleum
OXY
$61.3B
| $220M | 0.06% |
5,328,800
+469,200
| +10% | +$18.8M |
|
248
PUT
Chevron
CVX
$403B
| $219M | 0.06% |
1,814,300
+104,600
| +6% | +$12.3M |
|
249
PUT
Uber
UBER
$161B
| $218M | 0.06% |
7,324,300
+2,719,900
| +59% | +$80.7M |
|
250
CALL
United Airlines
UAL
$36.7B
| $217M | 0.06% |
2,468,000
+449,000
| +22% | +$40.3M |
|
Similar funds
Jeff Yass's Q4 2019 Portfolio in Review
As of Q4 2019, Jeff Yass held 11,328 positions worth $347B, up 16% from $298B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass deployed $12.7B of net new capital in Q4 2019, opening 1,232 new positions and adding to 3,827 existing holdings. Its largest new stake was Invesco Zacks Mid-Cap ETF: 1,353,476 shares worth $104M.
By sector, the portfolio is most concentrated in Technology at 2.2% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Amazon, an estimated $1.36B trimmed.
- Jeff Yass's largest Q4 2019 buy was Invesco Zacks Mid-Cap ETF: 1,353,476 shares worth $104M.
- Jeff Yass added most to Boeing in Q4 2019, an estimated $1.33B increase.
- Jeff Yass's biggest Q4 2019 reduction was Amazon, cutting an estimated $1.36B.
- Jeff Yass fully exited Celgene Corp in Q4 2019, selling an estimated $164M.
- Jeff Yass's ten largest holdings make up 26% of its $347B portfolio in Q4 2019.
- Jeff Yass opened 1,232 new positions and closed 1,709 in Q4 2019.
- Jeff Yass's portfolio value rose 16% quarter-over-quarter to $347B.
Based on Susquehanna International Group's 13F filing for Q4 2019, filed 14 Feb 2020.