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 | |
|---|---|---|---|---|---|---|
|
ABMD
451
PUT
DELISTED
Abiomed Inc
ABMD
| $75.4M | 0.03% |
264,000
+93,300
| +55% | +$31M |
|
452
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $75.2M | 0.03% |
1,320,200
+313,200
| +31% | +$17M |
|
453
CALL
Western Digital
WDC
$166B
| $75.2M | 0.03% |
2,068,775
-818,143
| -28% | -$28M |
|
|
B
454
CALL
Barrick Mining
B
$78.3B
| $75M | 0.03% |
5,468,100
-4,683,900
| -46% | -$60.5M |
|
455
CALL
Automatic Data Processing
ADP
$112B
| $74.4M | 0.03% |
465,600
+2,800
| +0.6% | +$407K |
|
456
Baidu
BIDU
$31.6B
| $73.7M | 0.03% |
446,858
+294,258
| +193% | +$49.2M |
|
457
CALL
Wayfair
W
$13.9B
| $73.6M | 0.03% |
496,100
+22,500
| +5% | +$2.94M |
|
|
XLNX
458
CALL
DELISTED
Xilinx Inc
XLNX
| $73.5M | 0.03% |
579,800
-294,400
| -34% | -$33.1M |
|
459
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $73.2M | 0.03% |
975,800
-562,800
| -37% | -$40.7M |
|
460
PUT
Southwest Airlines
LUV
$19.8B
| $72.9M | 0.03% |
1,405,000
+750,800
| +115% | +$39.6M |
|
461
CALL
Newmont
NEM
$139B
| $72.4M | 0.03% |
2,022,700
+313,800
| +18% | +$10.6M |
|
|
CTXS
462
DELISTED
Citrix Systems Inc
CTXS
| $72.2M | 0.03% |
724,483
+577,777
| +394% | +$59.9M |
|
463
CALL
United Rentals
URI
$68.4B
| $71.7M | 0.03% |
627,500
-288,300
| -31% | -$35.6M |
|
464
PUT
CME Group
CME
$98.9B
| $71.5M | 0.03% |
434,700
+92,300
| +27% | +$16.3M |
|
465
CALL
Aflac
AFL
$58.2B
| $71.2M | 0.03% |
1,424,700
+103,400
| +8% | +$4.98M |
|
466
Snap
SNAP
$8.86B
| $70.9M | 0.03% |
6,434,012
-9,851,749
| -60% | -$83.8M |
|
467
PUT
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $70.8M | 0.03% |
1,665,000
-698,500
| -30% | -$28.8M |
|
468
PUT
Valero Energy
VLO
$100B
| $70.5M | 0.03% |
830,600
-374,800
| -31% | -$31M |
|
469
PUT
iShares Russell 2000 Growth ETF
IWO
$14.8B
| $70.2M | 0.03% |
356,900
-100,600
| -22% | -$19.1M |
|
470
CALL
Phillips 66
PSX
$96.9B
| $69.9M | 0.03% |
734,200
+124,000
| +20% | +$11.8M |
|
471
Goldman Sachs
GS
$303B
| $69.7M | 0.03% |
363,171
+142,560
| +65% | +$27.5M |
|
472
CALL
Rio Tinto
RIO
$171B
| $69.7M | 0.03% |
1,184,600
-188,600
| -14% | -$10.4M |
|
|
VMW
473
CALL
DELISTED
VMware, Inc
VMW
| $69.7M | 0.03% |
386,200
-720,000
| -65% | -$117M |
|
474
PUT
Royal Caribbean
RCL
$78.1B
| $69.4M | 0.03% |
605,600
+225,700
| +59% | +$25.7M |
|
|
DISH
475
PUT
DELISTED
DISH Network Corp.
DISH
| $69.2M | 0.03% |
2,182,800
+1,042,300
| +91% | +$31.9M |
|
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.