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 | |
|---|---|---|---|---|---|---|
251
PUT
CME Group
CME
$98.9B
| $192M | 0.06% |
883,900
+608,000
| +220% | +$127M |
|
252
CALL
Philip Morris
PM
$293B
| $192M | 0.06% |
2,527,100
+1,363,000
| +117% | +$108M |
|
253
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $191M | 0.06% |
4,679,322
-3,466,586
| -43% | -$143M |
|
|
RTN
254
PUT
DELISTED
Raytheon Company
RTN
| $190M | 0.06% |
970,200
+507,100
| +110% | +$93.9M |
|
255
CALL
Accenture
ACN
$113B
| $190M | 0.06% |
985,400
+410,200
| +71% | +$79.4M |
|
256
CALL
Kimberly-Clark
KMB
$36.4B
| $188M | 0.06% |
1,324,500
+23,200
| +2% | +$3.19M |
|
257
PUT
Wynn Resorts
WYNN
$10.3B
| $187M | 0.06% |
1,715,900
-110,200
| -6% | -$13.1M |
|
258
Adobe
ADBE
$109B
| $185M | 0.06% |
671,349
+390,809
| +139% | +$114M |
|
259
CVS Health
CVS
$119B
| $185M | 0.06% |
2,933,141
-2,674,726
| -48% | -$158M |
|
260
AT&T
T
$173B
| $185M | 0.06% |
6,460,181
+500,697
| +8% | +$13.3M |
|
261
PUT
Elevance Health
ELV
$86.9B
| $184M | 0.06% |
766,200
+268,400
| +54% | +$73.5M |
|
|
MLNX
262
CALL
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $184M | 0.06% |
1,677,000
-47,700
| -3% | -$5.26M |
|
263
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $183M | 0.06% |
6,531,500
+751,100
| +13% | +$20.7M |
|
264
Morgan Stanley
MS
$336B
| $183M | 0.06% |
4,281,852
+792,457
| +23% | +$33.9M |
|
|
CELG
265
CALL
DELISTED
Celgene Corp
CELG
| $180M | 0.06% |
1,808,500
-1,079,800
| -37% | -$103M |
|
266
CALL
United Airlines
UAL
$36.7B
| $179M | 0.06% |
2,019,000
+1,007,800
| +100% | +$89.1M |
|
267
CALL
Honeywell
HON
$68.4B
| $178M | 0.06% |
1,116,915
+126,365
| +13% | +$20.1M |
|
268
GE Aerospace
GE
$361B
| $178M | 0.06% |
3,990,537
+643,329
| +19% | +$30.2M |
|
269
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $177M | 0.06% |
2,716
+161
| +6% | +$11.6M |
|
270
CALL
Oracle
ORCL
$422B
| $177M | 0.06% |
3,213,100
-44,700
| -1% | -$2.47M |
|
271
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $176M | 0.06% |
5,954,600
+220,600
| +4% | +$6.67M |
|
272
PUT
Altria Group
MO
$110B
| $175M | 0.06% |
4,277,100
+1,102,900
| +35% | +$50.7M |
|
273
PUT
Ford
F
$57.5B
| $174M | 0.06% |
18,963,700
+3,600
| +0% | +$34.2K |
|
274
PUT
Domino's
DPZ
$11.3B
| $173M | 0.06% |
707,400
+241,300
| +52% | +$59.8M |
|
|
XLNX
275
PUT
DELISTED
Xilinx Inc
XLNX
| $173M | 0.06% |
1,801,600
-106,100
| -6% | -$11.6M |
|
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.