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 | |
|---|---|---|---|---|---|---|
|
STMP
376
PUT
DELISTED
Stamps.com, Inc.
STMP
| $97.9M | 0.04% |
1,202,100
+998,200
| +490% | +$140M |
|
377
CALL
Intuit
INTU
$100B
| $97.6M | 0.04% |
373,500
+116,400
| +45% | +$26.9M |
|
378
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $96.8M | 0.04% |
1,885,100
-1,088,800
| -37% | -$58.1M |
|
379
PUT
American Express
AXP
$227B
| $96.3M | 0.04% |
880,700
-297,500
| -25% | -$31.3M |
|
380
CALL
Ascendis Pharma A/S
ASND
$16.6B
| $95.9M | 0.04% |
814,600
+386,400
| +90% | +$33.8M |
|
|
TWTR
381
DELISTED
Twitter, Inc.
TWTR
| $95.7M | 0.04% |
2,910,626
+253,708
| +10% | +$8.04M |
|
382
CALL
ConocoPhillips
COP
$162B
| $95.6M | 0.04% |
1,432,600
-510,100
| -26% | -$34.3M |
|
383
CALL
NextEra Energy
NEE
$174B
| $95.5M | 0.04% |
1,975,200
+509,200
| +35% | +$23.3M |
|
384
PUT
iShares MSCI Mexico ETF
EWW
$1.86B
| $95M | 0.04% |
2,179,200
+401,700
| +23% | +$17.6M |
|
385
Western Digital
WDC
$166B
| $94.1M | 0.04% |
2,590,556
+1,110,897
| +75% | +$38M |
|
386
CALL
BP
BP
$115B
| $93.3M | 0.04% |
2,168,969
+99,434
| +5% | +$4.08M |
|
|
WBA
387
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $93.1M | 0.04% |
1,471,500
+34,900
| +2% | +$2.38M |
|
|
AGN
388
DELISTED
Allergan plc
AGN
| $93M | 0.04% |
635,506
+234,564
| +59% | +$34M |
|
389
PUT
HSBC
HSBC
$357B
| $93M | 0.04% |
2,317,869
+207,162
| +10% | +$8.35M |
|
390
PUT
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.86B
| $92.8M | 0.04% |
1,312,500
+1,269,100
| +2,924% | +$86.6M |
|
391
CALL
Medtronic
MDT
$119B
| $92.6M | 0.04% |
1,016,600
-70,200
| -6% | -$6.28M |
|
392
CALL
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$20B
| $92M | 0.04% |
10,035,000
+4,897,500
| +95% | +$37.7M |
|
393
American Airlines Group
AAL
$9.15B
| $91.8M | 0.04% |
2,890,657
+1,348,532
| +87% | +$45.3M |
|
394
PUT
Texas Instruments
TXN
$241B
| $91.4M | 0.04% |
861,700
-328,800
| -28% | -$34.1M |
|
395
CALL
State Street SPDR S&P Retail ETF
XRT
$491M
| $90.4M | 0.04% |
2,008,800
+1,435,500
| +250% | +$63.8M |
|
|
MLNX
396
CALL
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $90.4M | 0.04% |
763,700
+639,000
| +512% | +$64.3M |
|
397
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.54B
| $90.3M | 0.04% |
2,468,200
+1,055,200
| +75% | +$37.4M |
|
|
PXD
398
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $90.2M | 0.04% |
592,100
-9,600
| -2% | -$1.35M |
|
399
CALL
United Airlines
UAL
$36.7B
| $89.6M | 0.04% |
1,123,700
-2,025,900
| -64% | -$171M |
|
|
ATVI
400
PUT
DELISTED
Activision Blizzard
ATVI
| $89M | 0.04% |
1,955,500
-102,000
| -5% | -$4.61M |
|
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.