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 | |
|---|---|---|---|---|---|---|
251
CALL
iShares US Real Estate ETF
IYR
$4.62B
| $159M | 0.07% |
1,829,700
+694,900
| +61% | +$57.5M |
|
252
PUT
ServiceNow
NOW
$133B
| $158M | 0.06% |
3,205,000
-698,000
| -18% | -$30.7M |
|
253
PUT
Verizon
VZ
$205B
| $157M | 0.06% |
2,657,600
-925,900
| -26% | -$52.4M |
|
254
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $157M | 0.06% |
1,469,600
-793,400
| -35% | -$83M |
|
255
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $156M | 0.06% |
5,380,600
+2,495,800
| +87% | +$69.4M |
|
256
JD.com
JD
$39.7B
| $156M | 0.06% |
5,168,083
-5,465,221
| -51% | -$139M |
|
257
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $156M | 0.06% |
379,200
-360,100
| -49% | -$148M |
|
258
CALL
NXP Semiconductors
NXPI
$56.9B
| $155M | 0.06% |
1,754,000
-2,178,700
| -55% | -$191M |
|
259
PUT
Eli Lilly
LLY
$1.12T
| $155M | 0.06% |
1,192,700
+218,800
| +22% | +$26.6M |
|
260
Applied Materials
AMAT
$391B
| $155M | 0.06% |
3,898,788
-1,289,455
| -25% | -$49M |
|
261
PUT
Nike
NKE
$60.5B
| $154M | 0.06% |
1,824,000
-712,600
| -28% | -$58.8M |
|
262
CALL
GE Aerospace
GE
$361B
| $152M | 0.06% |
3,046,105
-111,704
| -4% | -$5.26M |
|
|
263
iShares MSCI EAFE ETF
EFA
$80B
| $151M | 0.06% |
2,329,741
-5,186,226
| -69% | -$327M |
|
264
Salesforce
CRM
$171B
| $150M | 0.06% |
+950,186
| New | +$147M |
|
265
CALL
AbbVie
ABBV
$468B
| $150M | 0.06% |
1,866,000
-2,414,700
| -56% | -$198M |
|
266
PUT
American Airlines Group
AAL
$9.15B
| $150M | 0.06% |
4,729,100
-1,607,400
| -25% | -$54M |
|
267
CALL
Ulta Beauty
ULTA
$22.4B
| $150M | 0.06% |
428,700
+133,200
| +45% | +$40.3M |
|
268
PUT
Merck
MRK
$376B
| $149M | 0.06% |
1,881,160
-2,010,169
| -52% | -$150M |
|
269
PUT
Charter Communications
CHTR
$17.9B
| $147M | 0.06% |
424,700
+46,100
| +12% | +$15.2M |
|
270
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $147M | 0.06% |
425,900
-267,800
| -39% | -$90.1M |
|
|
271
ServiceNow
NOW
$133B
| $147M | 0.06% |
2,972,075
+2,839,690
| +2,145% | +$125M |
|
272
Biogen
BIIB
$32B
| $146M | 0.06% |
615,898
+614,098
| +34,117% | +$193M |
|
273
CALL
RTX Corp
RTX
$283B
| $144M | 0.06% |
1,779,521
-252,969
| -12% | -$19.2M |
|
|
VMW
274
PUT
DELISTED
VMware, Inc
VMW
| $144M | 0.06% |
798,900
+132,400
| +20% | +$21.6M |
|
275
CALL
iShares Biotechnology ETF
IBB
$10.7B
| $144M | 0.06% |
1,286,000
+545,400
| +74% | +$59.8M |
|
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.