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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.18B |
| 3 |
Apple
AAPL
|
+$836M |
| 4 |
Alibaba
BABA
|
+$807M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$566M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$429M |
| 2 |
Boeing
BA
|
+$402M |
| 3 |
Coty
COTY
|
+$284M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$104M |
| 5 |
Qualcomm
QCOM
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Communication Services | 1.72% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
PUT
Las Vegas Sands
LVS
$30.5B
| $104M | 0.04% |
1,756,300
-478,000
| -21% | -$29.6M |
|
402
PUT
lululemon athletica
LULU
$13.7B
| $103M | 0.04% |
570,100
-801,000
| -58% | -$139M |
|
|
XLNX
403
DELISTED
Xilinx Inc
XLNX
| $103M | 0.04% |
871,178
+179,276
| +26% | +$20.9M |
|
404
State Street SPDR S&P Biotech ETF
XBI
$11.6B
| $103M | 0.04% |
1,169,637
+988,492
| +546% | +$84.3M |
|
405
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $102M | 0.04% |
821,600
+395,100
| +93% | +$47.4M |
|
|
WBA
406
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $102M | 0.04% |
1,867,700
-75,300
| -4% | -$4M |
|
407
Goldman Sachs
GS
$303B
| $102M | 0.04% |
496,253
+133,082
| +37% | +$26.3M |
|
408
CALL
Wayfair
W
$13.9B
| $101M | 0.04% |
693,000
+196,900
| +40% | +$29.6M |
|
409
iShares MSCI ACWI ETF
ACWI
$33.3B
| $101M | 0.04% |
+1,372,265
| New | +$100M |
|
410
CALL
Cummins
CMI
$80.9B
| $100M | 0.04% |
583,600
-1,276,600
| -69% | -$209M |
|
411
PUT
NXP Semiconductors
NXPI
$56.9B
| $99.8M | 0.04% |
1,022,500
-498,900
| -33% | -$48.3M |
|
412
PUT
Medtronic
MDT
$119B
| $99.3M | 0.04% |
1,019,300
+361,600
| +55% | +$33M |
|
|
CGC
413
PUT
Canopy Growth
CGC
$472M
| $98.5M | 0.04% |
244,340
+2,840
| +1% | +$1.25M |
|
|
WBA
414
DELISTED
Walgreens Boots Alliance
WBA
| $98.4M | 0.04% |
1,799,062
+1,766,473
| +5,420% | +$93.9M |
|
415
American Airlines Group
AAL
$9.15B
| $98.3M | 0.04% |
3,013,909
+123,252
| +4% | +$3.98M |
|
|
X
416
PUT
DELISTED
US Steel
X
| $98.3M | 0.04% |
6,418,800
+2,502,600
| +64% | +$38.6M |
|
417
PUT
TransDigm Group
TDG
$66.4B
| $98.3M | 0.04% |
203,100
+89,700
| +79% | +$42M |
|
418
General Motors
GM
$77.2B
| $98M | 0.04% |
2,544,550
+1,243,368
| +96% | +$46.6M |
|
419
CALL
Lyft
LYFT
$6.61B
| $98M | 0.04% |
+1,491,700
| New | +$89.7M |
|
420
PUT
Skyworks Solutions
SWKS
$10.1B
| $97.5M | 0.04% |
1,261,600
+227,900
| +22% | +$18.1M |
|
|
CGC
421
CALL
Canopy Growth
CGC
$472M
| $97.3M | 0.04% |
241,260
-54,920
| -19% | -$24.2M |
|
422
PUT
eBay
EBAY
$46.3B
| $95.7M | 0.03% |
2,423,500
-2,571,500
| -51% | -$96.7M |
|
|
CTXS
423
PUT
DELISTED
Citrix Systems Inc
CTXS
| $95.3M | 0.03% |
971,200
-454,400
| -32% | -$44.6M |
|
424
PUT
Illumina
ILMN
$33.1B
| $94.7M | 0.03% |
264,402
-129,630
| -33% | -$40.9M |
|
425
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22B
| $94.3M | 0.03% |
3,161,200
-2,219,400
| -41% | -$65.2M |
|
Similar funds
Jeff Yass's Q2 2019 Portfolio in Review
As of Q2 2019, Jeff Yass held 11,369 positions worth $275B, up 13% from $243B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $25.4B of net new capital in Q2 2019, opening 2,651 new positions and adding to 3,766 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $429M trimmed.
- Jeff Yass's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
- Jeff Yass added most to Alphabet (Google) Class A in Q2 2019, an estimated $1.18B increase.
- Jeff Yass's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $429M.
- Jeff Yass fully exited Goldcorp Inc in Q2 2019, selling an estimated $26.4M.
- Jeff Yass's ten largest holdings make up 24% of its $275B portfolio in Q2 2019.
- Jeff Yass opened 2,651 new positions and closed 1,221 in Q2 2019.
- Jeff Yass's portfolio value rose 13% quarter-over-quarter to $275B.
Based on Susquehanna International Group's 13F filing for Q2 2019, filed 14 Aug 2019.