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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.18B |
| 3 |
Apple
AAPL
|
+$836M |
| 4 |
Alibaba
BABA
|
+$807M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$566M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$429M |
| 2 |
Boeing
BA
|
+$402M |
| 3 |
Coty
COTY
|
+$284M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$104M |
| 5 |
Qualcomm
QCOM
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Communication Services | 1.72% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
CALL
Lockheed Martin
LMT
$130B
| $148M | 0.05% |
407,600
+25,600
| +7% | +$8.56M |
|
302
CALL
Starbucks
SBUX
$122B
| $148M | 0.05% |
1,763,800
-471,300
| -21% | -$37M |
|
303
PUT
Bausch Health
BHC
$2.41B
| $148M | 0.05% |
5,854,600
+895,900
| +18% | +$21.3M |
|
304
PUT
Philip Morris
PM
$293B
| $146M | 0.05% |
1,865,400
+870,700
| +88% | +$71.9M |
|
305
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $146M | 0.05% |
5,298,100
-1,594,700
| -23% | -$43.2M |
|
306
PUT
Western Digital
WDC
$166B
| $146M | 0.05% |
4,058,435
+279,815
| +7% | +$9.59M |
|
307
PUT
Northrop Grumman
NOC
$78.3B
| $144M | 0.05% |
447,000
+39,100
| +10% | +$11.7M |
|
308
PUT
United Airlines
UAL
$36.7B
| $144M | 0.05% |
1,649,000
+313,100
| +23% | +$26.5M |
|
309
CALL
Sarepta Therapeutics
SRPT
$1.98B
| $144M | 0.05% |
949,300
+68,200
| +8% | +$8.29M |
|
310
PUT
SLB Ltd
SLB
$79.9B
| $144M | 0.05% |
3,622,600
-229,700
| -6% | -$9.26M |
|
311
PUT
Humana
HUM
$45.5B
| $144M | 0.05% |
541,200
+157,600
| +41% | +$40M |
|
312
PUT
Nike
NKE
$60.5B
| $142M | 0.05% |
1,696,700
-127,300
| -7% | -$10.7M |
|
313
CALL
Abbott
ABT
$202B
| $142M | 0.05% |
1,689,200
+18,100
| +1% | +$1.42M |
|
314
PUT
Elevance Health
ELV
$86.9B
| $140M | 0.05% |
497,800
+145,300
| +41% | +$39.7M |
|
315
CALL
Valero Energy
VLO
$100B
| $139M | 0.05% |
1,619,500
+80,700
| +5% | +$6.66M |
|
|
316
CALL
Elevance Health
ELV
$86.9B
| $138M | 0.05% |
490,600
+38,100
| +8% | +$10.4M |
|
317
CALL
Ulta Beauty
ULTA
$22.4B
| $138M | 0.05% |
397,500
-31,200
| -7% | -$10.8M |
|
318
CALL
American Airlines Group
AAL
$9.15B
| $137M | 0.05% |
4,196,200
+585,800
| +16% | +$18.9M |
|
319
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $137M | 0.05% |
1,566,200
+193,800
| +14% | +$17M |
|
320
PUT
General Motors
GM
$77.2B
| $137M | 0.05% |
3,548,800
-1,900
| -0.1% | -$71.2K |
|
321
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $136M | 0.05% |
2,551,800
+383,200
| +18% | +$20.5M |
|
|
322
PUT
American Airlines Group
AAL
$9.15B
| $135M | 0.05% |
4,147,100
-582,000
| -12% | -$18.8M |
|
323
CALL
Snap
SNAP
$8.86B
| $135M | 0.05% |
9,443,800
+3,396,600
| +56% | +$41.5M |
|
|
324
PUT
Lockheed Martin
LMT
$130B
| $134M | 0.05% |
368,700
-191,000
| -34% | -$63.9M |
|
325
CALL
iShares Biotechnology ETF
IBB
$10.7B
| $134M | 0.05% |
1,227,700
-58,300
| -5% | -$6.2M |
|
Similar funds
Jeff Yass's Q2 2019 Portfolio in Review
As of Q2 2019, Jeff Yass held 11,369 positions worth $275B, up 13% from $243B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $25.4B of net new capital in Q2 2019, opening 2,651 new positions and adding to 3,766 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $429M trimmed.
- Jeff Yass's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
- Jeff Yass added most to Alphabet (Google) Class A in Q2 2019, an estimated $1.18B increase.
- Jeff Yass's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $429M.
- Jeff Yass fully exited Goldcorp Inc in Q2 2019, selling an estimated $26.4M.
- Jeff Yass's ten largest holdings make up 24% of its $275B portfolio in Q2 2019.
- Jeff Yass opened 2,651 new positions and closed 1,221 in Q2 2019.
- Jeff Yass's portfolio value rose 13% quarter-over-quarter to $275B.
Based on Susquehanna International Group's 13F filing for Q2 2019, filed 14 Aug 2019.