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 |
Amazon
AMZN
|
+$1.58B |
| 2 |
Netflix
NFLX
|
+$496M |
| 3 |
Meta Platforms (Facebook)
META
|
+$275M |
| 4 |
Alibaba
BABA
|
+$215M |
| 5 |
UnitedHealth
UNH
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$926M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$682M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$556M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$246M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.18% |
| 2 | Technology | 2.09% |
| 3 | Communication Services | 1.44% |
| 4 | Financials | 1.21% |
| 5 | Healthcare | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
PUT
ProShares UltraPro Short QQQ
SQQQ
$1.85B
| $120M | 0.04% |
5,914
+498
| +9% | +$10.3M |
|
377
CALL
Altria Group
MO
$110B
| $120M | 0.04% |
2,925,300
+578,300
| +25% | +$26.6M |
|
378
PUT
Simon Property Group
SPG
$70.6B
| $120M | 0.04% |
768,100
-3,300
| -0.4% | -$513K |
|
379
CALL
Wynn Resorts
WYNN
$10.3B
| $120M | 0.04% |
1,099,300
-287,000
| -21% | -$34.2M |
|
380
CALL
Dow Inc
DOW
$23.4B
| $119M | 0.04% |
2,501,800
+889,800
| +55% | +$41.7M |
|
381
PUT
Estee Lauder
EL
$36.9B
| $119M | 0.04% |
598,500
+408,300
| +215% | +$78.1M |
|
382
SLB Ltd
SLB
$79.9B
| $118M | 0.04% |
3,463,030
+716,978
| +26% | +$26.2M |
|
383
Ulta Beauty
ULTA
$22.4B
| $118M | 0.04% |
471,891
+456,016
| +2,873% | +$140M |
|
384
PUT
American Express
AXP
$227B
| $118M | 0.04% |
998,400
+429,400
| +75% | +$52.7M |
|
385
PUT
Snap
SNAP
$8.86B
| $117M | 0.04% |
7,422,100
-5,230,100
| -41% | -$83.7M |
|
|
SINA
386
DELISTED
Sina Corp
SINA
| $117M | 0.04% |
2,985,660
-67,227
| -2% | -$2.74M |
|
387
Las Vegas Sands
LVS
$30.5B
| $117M | 0.04% |
2,024,106
+913,854
| +82% | +$53.3M |
|
388
PUT
Oracle
ORCL
$422B
| $116M | 0.04% |
2,114,200
+643,300
| +44% | +$35.5M |
|
389
PUT
Align Technology
ALGN
$11.5B
| $116M | 0.04% |
642,300
+184,500
| +40% | +$38.4M |
|
|
390
PUT
Las Vegas Sands
LVS
$30.5B
| $116M | 0.04% |
2,006,300
+250,000
| +14% | +$14.6M |
|
391
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22B
| $115M | 0.04% |
3,565,800
+404,600
| +13% | +$12.5M |
|
|
ATVI
392
CALL
DELISTED
Activision Blizzard
ATVI
| $115M | 0.04% |
2,167,800
+1,003,900
| +86% | +$50.1M |
|
393
PUT
Delta Air Lines
DAL
$54.2B
| $114M | 0.04% |
1,985,500
+93,300
| +5% | +$5.53M |
|
394
Bausch Health
BHC
$2.41B
| $114M | 0.04% |
5,229,120
+1,759,649
| +51% | +$40.3M |
|
395
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $114M | 0.04% |
411,600
-3,000
| -0.7% | -$888K |
|
396
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $114M | 0.04% |
1,853,600
+1,426,100
| +334% | +$85.7M |
|
397
CALL
ConocoPhillips
COP
$162B
| $114M | 0.04% |
1,995,500
+843,400
| +73% | +$48M |
|
398
CALL
eBay
EBAY
$46.3B
| $114M | 0.04% |
2,914,900
-936,500
| -24% | -$37.6M |
|
399
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $113M | 0.04% |
1,460,200
+351,400
| +32% | +$27M |
|
400
CALL
AB InBev
BUD
$155B
| $113M | 0.04% |
1,184,800
-230,900
| -16% | -$21.9M |
|
Similar funds
Jeff Yass's Q3 2019 Portfolio in Review
As of Q3 2019, Jeff Yass held 11,380 positions worth $298B, up 8.4% from $275B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $26.9B of net new capital in Q3 2019, opening 1,223 new positions and adding to 4,885 existing holdings. Its largest new stake was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $926M trimmed.
- Jeff Yass's largest Q3 2019 buy was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
- Jeff Yass added most to Amazon in Q3 2019, an estimated $1.58B increase.
- Jeff Yass's biggest Q3 2019 reduction was Alphabet (Google) Class A, cutting an estimated $926M.
- Jeff Yass fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $179M.
- Jeff Yass's ten largest holdings make up 24% of its $298B portfolio in Q3 2019.
- Jeff Yass opened 1,223 new positions and closed 1,294 in Q3 2019.
- Jeff Yass's portfolio value rose 8.4% quarter-over-quarter to $298B.
Based on Susquehanna International Group's 13F filing for Q3 2019, filed 14 Nov 2019.