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 | |
|---|---|---|---|---|---|---|
426
CALL
CME Group
CME
$98.9B
| $82.9M | 0.03% |
503,500
-135,700
| -21% | -$24M |
|
|
CTXS
427
CALL
DELISTED
Citrix Systems Inc
CTXS
| $82.5M | 0.03% |
828,200
+648,500
| +361% | +$67.2M |
|
428
Blackstone
BX
$108B
| $82.5M | 0.03% |
2,359,887
-761,267
| -24% | -$25.4M |
|
429
PUT
Petrobras
PBR
$123B
| $82.5M | 0.03% |
5,179,700
-4,459,400
| -46% | -$70.8M |
|
430
PUT
Freeport-McMoran
FCX
$110B
| $81.8M | 0.03% |
6,345,900
-4,819,100
| -43% | -$58.3M |
|
|
DATA
431
DELISTED
Tableau Software, Inc.
DATA
| $81.5M | 0.03% |
640,294
+153,739
| +32% | +$19.4M |
|
432
PUT
MongoDB
MDB
$34.7B
| $81.1M | 0.03% |
551,900
+325,000
| +143% | +$33.4M |
|
433
Elanco Animal Health
ELAN
$12B
| $81M | 0.03% |
2,526,845
+2,514,604
| +20,542% | +$77.4M |
|
434
PUT
Domino's
DPZ
$11.3B
| $80.4M | 0.03% |
311,400
+104,400
| +50% | +$27.1M |
|
435
PUT
Ferrari
RACE
$76.7B
| $80.4M | 0.03% |
600,600
+147,400
| +33% | +$18.1M |
|
|
ICPT
436
CALL
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $80.1M | 0.03% |
716,200
+305,800
| +75% | +$33.4M |
|
|
437
Micron Technology
MU
$1.09T
| $78.8M | 0.03% |
1,905,516
-13,304,689
| -87% | -$514M |
|
438
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.4B
| $78.4M | 0.03% |
854,100
-895,500
| -51% | -$80.7M |
|
439
CALL
Southwest Airlines
LUV
$19.8B
| $78.1M | 0.03% |
1,503,900
+615,500
| +69% | +$32.5M |
|
440
CALL
PG&E
PCG
$38.8B
| $77.9M | 0.03% |
4,374,300
+3,514,300
| +409% | +$56.8M |
|
|
AMRN
441
Amarin Corp
AMRN
$298M
| $77.8M | 0.03% |
187,495
+28,702
| +18% | +$10.4M |
|
442
PUT
Universal Display
OLED
$3.95B
| $77.6M | 0.03% |
507,500
-232,600
| -31% | -$28.8M |
|
443
PUT
Delta Air Lines
DAL
$54.2B
| $77.4M | 0.03% |
1,499,400
-370,100
| -20% | -$18.4M |
|
444
PUT
Intuit
INTU
$100B
| $77.4M | 0.03% |
296,000
-231,200
| -44% | -$53.4M |
|
445
CALL
Tencent Music
TME
$14.4B
| $76.7M | 0.03% |
4,238,700
+4,157,200
| +5,101% | +$66.4M |
|
446
PUT
iQIYI
IQ
$1.01B
| $76.6M | 0.03% |
3,204,100
+1,290,200
| +67% | +$28.5M |
|
447
CALL
Edwards Lifesciences
EW
$51.8B
| $76.6M | 0.03% |
1,201,200
+340,200
| +40% | +$19.4M |
|
448
Mastercard
MA
$509B
| $76.5M | 0.03% |
324,700
-1,138,933
| -78% | -$245M |
|
|
X
449
PUT
DELISTED
US Steel
X
| $76.3M | 0.03% |
3,916,200
-917,400
| -19% | -$19.5M |
|
|
RHT
450
PUT
DELISTED
Red Hat Inc
RHT
| $76.3M | 0.03% |
417,500
-293,800
| -41% | -$52.7M |
|
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.