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 | |
|---|---|---|---|---|---|---|
301
CALL
Expedia Group
EXPE
$38.6B
| $132M | 0.05% |
1,110,700
-377,500
| -25% | -$45.8M |
|
302
PUT
Palo Alto Networks
PANW
$292B
| $132M | 0.05% |
3,255,600
-2,559,600
| -44% | -$94.9M |
|
303
PUT
General Motors
GM
$77.2B
| $132M | 0.05% |
3,550,700
-6,802,600
| -66% | -$258M |
|
304
PUT
Tilray
TLRY
$666M
| $131M | 0.05% |
199,440
-89,330
| -31% | -$68.1M |
|
305
CALL
Valero Energy
VLO
$100B
| $131M | 0.05% |
1,538,800
-186,900
| -11% | -$15.4M |
|
306
CALL
Elevance Health
ELV
$86.9B
| $130M | 0.05% |
452,500
-247,100
| -35% | -$71.5M |
|
307
PUT
RTX Corp
RTX
$283B
| $129M | 0.05% |
1,588,682
-1,007,108
| -39% | -$76.5M |
|
308
CALL
American Express
AXP
$227B
| $129M | 0.05% |
1,178,300
-164,000
| -12% | -$17.2M |
|
309
PUT
Sarepta Therapeutics
SRPT
$1.98B
| $129M | 0.05% |
1,078,200
+428,100
| +66% | +$55M |
|
310
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $128M | 0.05% |
4,907,200
-7,359,200
| -60% | -$181M |
|
|
CGC
311
CALL
Canopy Growth
CGC
$472M
| $128M | 0.05% |
296,180
+55,350
| +23% | +$24.3M |
|
312
CALL
Trade Desk
TTD
$6.19B
| $128M | 0.05% |
6,470,000
+2,669,000
| +70% | +$43.7M |
|
313
CALL
General Mills
GIS
$21.4B
| $128M | 0.05% |
2,469,400
+1,549,400
| +168% | +$70.2M |
|
314
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $128M | 0.05% |
1,039,025
-512,675
| -33% | -$61.7M |
|
315
Workday
WDAY
$49.4B
| $128M | 0.05% |
661,717
+155,716
| +31% | +$28.3M |
|
316
PUT
Chevron
CVX
$403B
| $126M | 0.05% |
1,024,700
-346,300
| -25% | -$41M |
|
317
CALL
Crown Castle
CCI
$32.1B
| $125M | 0.05% |
979,500
+823,300
| +527% | +$96.6M |
|
318
PUT
Ulta Beauty
ULTA
$22.4B
| $125M | 0.05% |
358,900
-11,000
| -3% | -$3.33M |
|
319
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $125M | 0.05% |
5,575,200
-1,680,600
| -23% | -$37M |
|
320
Caterpillar
CAT
$381B
| $125M | 0.05% |
+920,618
| New | +$122M |
|
321
CALL
Autodesk
ADSK
$53.6B
| $124M | 0.05% |
798,700
+187,100
| +31% | +$28M |
|
|
TIF
322
PUT
DELISTED
Tiffany & Co.
TIF
| $124M | 0.05% |
1,177,200
+542,900
| +86% | +$49.8M |
|
|
WBA
323
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $123M | 0.05% |
1,943,000
+298,500
| +18% | +$20.4M |
|
324
PUT
United Parcel Service
UPS
$86.8B
| $123M | 0.05% |
1,097,000
-518,900
| -32% | -$55M |
|
325
PUT
Bausch Health
BHC
$2.41B
| $122M | 0.05% |
4,958,700
-1,726,700
| -26% | -$41.2M |
|
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.