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 | |
|---|---|---|---|---|---|---|
326
CALL
SLB Ltd
SLB
$79.9B
| $120M | 0.05% |
2,744,200
-1,257,100
| -31% | -$54.3M |
|
327
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $119M | 0.05% |
1,372,400
-1,135,400
| -45% | -$93.9M |
|
328
CALL
EOG Resources
EOG
$80.3B
| $119M | 0.05% |
1,251,800
-136,900
| -10% | -$13M |
|
329
PUT
Illumina
ILMN
$33.1B
| $119M | 0.05% |
394,032
-168,490
| -30% | -$49.1M |
|
330
CALL
Kraft Heinz
KHC
$30.3B
| $119M | 0.05% |
3,610,000
-1,273,700
| -26% | -$51.9M |
|
|
331
CALL
Illumina
ILMN
$33.1B
| $117M | 0.05% |
388,687
-80,492
| -17% | -$23.5M |
|
332
PUT
Arista Networks
ANET
$238B
| $117M | 0.05% |
5,960,000
+601,600
| +11% | +$9.55M |
|
333
CALL
US Bancorp
USB
$96.7B
| $117M | 0.05% |
2,423,100
+871,500
| +56% | +$43.7M |
|
334
CALL
Las Vegas Sands
LVS
$30.5B
| $116M | 0.05% |
1,905,000
-119,600
| -6% | -$7.04M |
|
335
PUT
Starbucks
SBUX
$122B
| $115M | 0.05% |
1,548,200
-1,963,100
| -56% | -$135M |
|
336
PUT
Expedia Group
EXPE
$38.6B
| $115M | 0.05% |
965,700
+253,200
| +36% | +$30.7M |
|
337
CALL
American Airlines Group
AAL
$9.15B
| $115M | 0.05% |
3,610,400
-4,850,500
| -57% | -$163M |
|
338
CALL
Lockheed Martin
LMT
$130B
| $115M | 0.05% |
382,000
-162,700
| -30% | -$47.7M |
|
339
PUT
United Rentals
URI
$68.4B
| $114M | 0.05% |
998,300
+186,000
| +23% | +$23M |
|
|
340
SLB Ltd
SLB
$79.9B
| $114M | 0.05% |
2,617,752
+770,501
| +42% | +$33.3M |
|
341
CALL
Palo Alto Networks
PANW
$292B
| $114M | 0.05% |
2,813,400
-1,185,000
| -30% | -$44M |
|
342
CALL
Align Technology
ALGN
$11.5B
| $113M | 0.05% |
397,900
+139,500
| +54% | +$33.3M |
|
343
PUT
Vale
VALE
$62.1B
| $112M | 0.05% |
8,604,100
-1,346,900
| -14% | -$17.4M |
|
344
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $111M | 0.05% |
2,168,600
-248,800
| -10% | -$13.3M |
|
345
PUT
AB InBev
BUD
$155B
| $111M | 0.05% |
1,318,300
+167,100
| +15% | +$12.8M |
|
346
CALL
American Tower
AMT
$81.9B
| $110M | 0.05% |
558,800
-80,200
| -13% | -$14.1M |
|
347
PUT
RH
RH
$2.9B
| $110M | 0.05% |
1,069,600
+3,200
| +0.3% | +$436K |
|
348
PUT
Northrop Grumman
NOC
$78.3B
| $110M | 0.05% |
407,900
-106,000
| -21% | -$28.9M |
|
349
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $109M | 0.04% |
3,445,261
+1,757,748
| +104% | +$56.1M |
|
350
PUT
Simon Property Group
SPG
$70.6B
| $109M | 0.04% |
597,900
+264,300
| +79% | +$47M |
|
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.