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 | |
|---|---|---|---|---|---|---|
401
PUT
Philip Morris
PM
$293B
| $87.9M | 0.04% |
994,700
-295,100
| -23% | -$23.8M |
|
|
XLNX
402
DELISTED
Xilinx Inc
XLNX
| $87.7M | 0.04% |
+691,902
| New | +$77.7M |
|
403
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $87.6M | 0.04% |
2,368,400
-3,638,200
| -61% | -$124M |
|
404
CALL
Southern Company
SO
$102B
| $87.6M | 0.04% |
1,694,300
+339,100
| +25% | +$16.6M |
|
405
PUT
Honeywell
HON
$68.4B
| $87.5M | 0.04% |
584,187
-539,200
| -48% | -$75.3M |
|
|
PXD
406
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $86.6M | 0.04% |
568,900
+79,300
| +16% | +$11.2M |
|
|
EXAS
407
PUT
DELISTED
Exact Sciences
EXAS
| $86.5M | 0.04% |
998,300
-1,376,300
| -58% | -$117M |
|
408
PUT
Newmont
NEM
$139B
| $86M | 0.04% |
2,404,500
+675,400
| +39% | +$22.9M |
|
409
Trade Desk
TTD
$6.19B
| $85.8M | 0.04% |
4,335,840
+1,447,940
| +50% | +$23.7M |
|
410
PUT
Nutanix
NTNX
$18.3B
| $85.8M | 0.04% |
2,272,400
+1,109,300
| +95% | +$50.7M |
|
|
AABA
411
PUT
DELISTED
Altaba Inc
AABA
| $85.6M | 0.04% |
1,154,600
+154,900
| +15% | +$10.7M |
|
412
PUT
American Tower
AMT
$81.9B
| $85.6M | 0.04% |
434,200
+119,200
| +38% | +$20.9M |
|
413
CALL
Take-Two Interactive
TTWO
$44.8B
| $85.4M | 0.04% |
904,700
+173,700
| +24% | +$16.8M |
|
414
PUT
Skyworks Solutions
SWKS
$10.1B
| $85.3M | 0.04% |
1,033,700
-32,800
| -3% | -$2.53M |
|
415
PUT
Halliburton
HAL
$29.4B
| $85.1M | 0.04% |
2,906,100
-1,235,200
| -30% | -$37.3M |
|
416
CALL
Humana
HUM
$45.5B
| $85.1M | 0.04% |
320,000
-130,100
| -29% | -$37.5M |
|
417
PUT
Herbalife
HLF
$1.33B
| $85.1M | 0.04% |
1,605,200
-761,000
| -32% | -$43.7M |
|
418
CALL
Charter Communications
CHTR
$17.9B
| $84.6M | 0.03% |
243,900
-21,400
| -8% | -$7.05M |
|
419
CALL
MetLife
MET
$60B
| $84.6M | 0.03% |
1,986,500
+463,800
| +30% | +$20.5M |
|
420
CALL
iShares MSCI Japan ETF
EWJ
$22.4B
| $84.1M | 0.03% |
1,537,700
+969,800
| +171% | +$52.2M |
|
421
CALL
ProShares UltraPro QQQ
TQQQ
$35.8B
| $84.1M | 0.03% |
11,879,200
-4,667,200
| -28% | -$28.3M |
|
|
422
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $84.1M | 0.03% |
2,273,600
-754,400
| -25% | -$25.8M |
|
423
Qualcomm
QCOM
$169B
| $83.9M | 0.03% |
1,470,641
+299,357
| +26% | +$16.2M |
|
424
CALL
Cigna
CI
$73.3B
| $83.2M | 0.03% |
517,600
-834,400
| -62% | -$152M |
|
425
PUT
Dell
DELL
$286B
| $82.9M | 0.03% |
2,787,849
+1,413,457
| +103% | +$37.3M |
|
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.