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 | |
|---|---|---|---|---|---|---|
276
CALL
Duke Energy
DUK
$93.4B
| $144M | 0.06% |
1,597,200
+516,100
| +48% | +$45.5M |
|
277
CALL
Delta Air Lines
DAL
$54.2B
| $144M | 0.06% |
2,782,500
-650,800
| -19% | -$32.3M |
|
278
PUT
Align Technology
ALGN
$11.5B
| $144M | 0.06% |
505,100
+15,200
| +3% | +$3.63M |
|
279
CALL
Morgan Stanley
MS
$336B
| $143M | 0.06% |
3,385,600
-1,591,700
| -32% | -$67M |
|
280
PUT
Altria Group
MO
$110B
| $143M | 0.06% |
2,484,000
-1,751,600
| -41% | -$89.5M |
|
|
CTXS
281
PUT
DELISTED
Citrix Systems Inc
CTXS
| $142M | 0.06% |
1,425,600
+764,900
| +116% | +$79.3M |
|
|
TWTR
282
CALL
DELISTED
Twitter, Inc.
TWTR
| $141M | 0.06% |
4,286,400
-4,548,000
| -51% | -$144M |
|
283
PUT
Target
TGT
$75.1B
| $139M | 0.06% |
1,734,000
-1,221,200
| -41% | -$89.3M |
|
284
CALL
eBay
EBAY
$46.3B
| $139M | 0.06% |
3,744,500
+3,001,300
| +404% | +$104M |
|
285
PUT
Autodesk
ADSK
$53.6B
| $139M | 0.06% |
890,500
+376,600
| +73% | +$56.3M |
|
286
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $139M | 0.06% |
4,763,600
+930,400
| +24% | +$25.9M |
|
287
PUT
Constellation Brands
STZ
$23.2B
| $138M | 0.06% |
788,400
-104,800
| -12% | -$17.7M |
|
288
PUT
3M
MMM
$92.3B
| $138M | 0.06% |
795,460
-235,014
| -23% | -$39.6M |
|
289
PUT
Cisco
CSCO
$438B
| $138M | 0.06% |
2,555,100
-1,431,100
| -36% | -$69.5M |
|
290
PUT
Western Digital
WDC
$166B
| $137M | 0.06% |
3,778,620
-300,851
| -7% | -$10.3M |
|
291
Ford
F
$57.5B
| $137M | 0.06% |
15,614,370
-2,975,473
| -16% | -$25.6M |
|
292
PUT
Las Vegas Sands
LVS
$30.5B
| $136M | 0.06% |
2,234,300
-1,294,400
| -37% | -$76.2M |
|
293
AB InBev
BUD
$155B
| $136M | 0.06% |
1,616,796
+945,222
| +141% | +$72.7M |
|
|
RTN
294
CALL
DELISTED
Raytheon Company
RTN
| $135M | 0.06% |
738,900
+445,200
| +152% | +$77.6M |
|
295
PUT
NXP Semiconductors
NXPI
$56.9B
| $134M | 0.06% |
1,521,400
-775,500
| -34% | -$68.1M |
|
296
CALL
Texas Instruments
TXN
$241B
| $134M | 0.06% |
1,266,800
-524,200
| -29% | -$54.3M |
|
297
CALL
Blackrock
BLK
$179B
| $134M | 0.06% |
313,100
-132,400
| -30% | -$55.5M |
|
298
PUT
Spotify
SPOT
$110B
| $134M | 0.05% |
963,100
+409,100
| +74% | +$55.9M |
|
299
CALL
Abbott
ABT
$202B
| $134M | 0.05% |
1,671,100
-829,000
| -33% | -$61.7M |
|
300
CALL
Norfolk Southern
NSC
$78.8B
| $133M | 0.05% |
709,900
-5,761,700
| -89% | -$997M |
|
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.