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 | |
|---|---|---|---|---|---|---|
351
CALL
Arista Networks
ANET
$238B
| $109M | 0.04% |
5,526,400
+254,400
| +5% | +$4.04M |
|
352
PUT
Macy's
M
$6B
| $108M | 0.04% |
4,483,200
-1,536,300
| -26% | -$38.8M |
|
353
PUT
United Airlines
UAL
$36.7B
| $107M | 0.04% |
1,335,900
-403,000
| -23% | -$34M |
|
354
CALL
Universal Display
OLED
$3.95B
| $106M | 0.04% |
696,700
-244,100
| -26% | -$30.2M |
|
355
PUT
Norfolk Southern
NSC
$78.8B
| $106M | 0.04% |
568,500
-87,900
| -13% | -$15.2M |
|
356
CALL
AB InBev
BUD
$155B
| $106M | 0.04% |
1,258,800
-304,300
| -19% | -$23.4M |
|
|
CXO
357
CALL
DELISTED
CONCHO RESOURCES INC.
CXO
| $105M | 0.04% |
947,900
+20,900
| +2% | +$2.36M |
|
358
CALL
Colgate-Palmolive
CL
$72.6B
| $105M | 0.04% |
1,533,400
+286,500
| +23% | +$18.5M |
|
359
CALL
Sarepta Therapeutics
SRPT
$1.98B
| $105M | 0.04% |
881,100
+303,100
| +52% | +$39M |
|
|
CGC
360
PUT
Canopy Growth
CGC
$472M
| $105M | 0.04% |
241,500
+79,490
| +49% | +$34.8M |
|
361
PUT
Pfizer
PFE
$160B
| $103M | 0.04% |
2,555,107
-162,843
| -6% | -$6.52M |
|
362
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $103M | 0.04% |
6,555,400
-734,100
| -10% | -$12.9M |
|
363
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $103M | 0.04% |
1,118,800
-366,200
| -25% | -$33M |
|
364
PUT
NetEase
NTES
$82.1B
| $102M | 0.04% |
2,116,500
-220,000
| -9% | -$10.5M |
|
365
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
| $102M | 0.04% |
927,140
+921,991
| +17,906% | +$99.4M |
|
366
PUT
Humana
HUM
$45.5B
| $102M | 0.04% |
383,600
-99,100
| -21% | -$28.6M |
|
367
CALL
Bausch Health
BHC
$2.41B
| $102M | 0.04% |
4,118,900
-1,477,700
| -26% | -$35.3M |
|
368
CALL
Petrobras
PBR
$123B
| $102M | 0.04% |
6,387,200
-7,194,500
| -53% | -$114M |
|
369
Vanguard Total World Stock ETF
VT
$81.1B
| $101M | 0.04% |
+1,385,668
| New | +$98.3M |
|
370
PUT
Elevance Health
ELV
$86.9B
| $101M | 0.04% |
352,500
+133,000
| +61% | +$38.5M |
|
371
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.3B
| $101M | 0.04% |
2,392,000
+2,358,500
| +7,040% | +$93.1M |
|
|
372
Apple
AAPL
$4.51T
| $101M | 0.04% |
2,122,832
-62,470,792
| -97% | -$2.65B |
|
373
PUT
Oracle
ORCL
$422B
| $100M | 0.04% |
1,864,700
-612,500
| -25% | -$31.2M |
|
374
Wynn Resorts
WYNN
$10.3B
| $98.3M | 0.04% |
823,778
-73,614
| -8% | -$8.8M |
|
375
PUT
Wayfair
W
$13.9B
| $98.1M | 0.04% |
660,600
-359,700
| -35% | -$46.9M |
|
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.