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
|
+$696M |
| 2 |
AABA
Altaba Inc
AABA
|
+$632M |
| 3 |
AT&T
T
|
+$433M |
| 4 |
Goldman Sachs
GS
|
+$392M |
| 5 |
Walt Disney
DIS
|
+$384M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$1.5B |
| 2 |
Apple
AAPL
|
+$1.26B |
| 3 |
Amazon
AMZN
|
+$1B |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$938M |
| 5 |
Netflix
NFLX
|
+$423M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.9% |
| 2 | Financials | 1.28% |
| 3 | Communication Services | 1.02% |
| 4 | Consumer Discretionary | 0.99% |
| 5 | Healthcare | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Boeing
BA
$169B
| $1.59B | 0.54% |
4,726,700
-722,000
| -13% | -$248M |
|
27
PUT
Micron Technology
MU
$1.09T
| $1.58B | 0.54% |
30,094,500
+4,109,200
| +16% | +$222M |
|
|
28
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.56B | 0.54% |
27,988,000
-14,796,000
| -35% | -$799M |
|
29
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.43B | 0.49% |
21,418,000
+3,598,500
| +20% | +$252M |
|
30
CALL
Microsoft
MSFT
$3.59T
| $1.41B | 0.48% |
14,268,800
+2,261,700
| +19% | +$219M |
|
31
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.3B | 0.45% |
30,003,900
+4,602,700
| +18% | +$213M |
|
32
PUT
Bank of America
BAC
$431B
| $1.29B | 0.44% |
44,919,300
+1,388,800
| +3% | +$41.4M |
|
33
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.28B | 0.44% |
10,538,300
+1,074,700
| +11% | +$129M |
|
|
AABA
34
DELISTED
Altaba Inc
AABA
| $1.14B | 0.39% |
15,638,794
+8,442,760
| +117% | +$632M |
|
|
35
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.07B | 0.37% |
8,798,400
-896,600
| -9% | -$107M |
|
36
CALL
Union Pacific
UNP
$183B
| $1.01B | 0.35% |
7,099,100
-3,204,900
| -31% | -$447M |
|
|
VXX
37
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $954M | 0.33% |
25,777,200
+2,361,100
| +10% | +$91.3M |
|
38
PUT
Wells Fargo
WFC
$254B
| $950M | 0.33% |
17,144,400
+2,515,600
| +17% | +$135M |
|
39
CALL
SPDR Gold Trust
GLD
$152B
| $945M | 0.32% |
7,963,700
+3,606,800
| +83% | +$447M |
|
40
CALL
Norfolk Southern
NSC
$78.8B
| $917M | 0.31% |
6,077,300
-1,804,500
| -23% | -$264M |
|
41
PUT
Citigroup
C
$221B
| $914M | 0.31% |
13,664,900
+3,266,200
| +31% | +$225M |
|
|
42
PUT
Microsoft
MSFT
$3.59T
| $874M | 0.3% |
8,858,700
-2,857,600
| -24% | -$277M |
|
43
PUT
Intuitive Surgical
ISRG
$134B
| $816M | 0.28% |
5,117,100
+764,700
| +18% | +$117M |
|
44
CALL
Marriott International
MAR
$92.9B
| $814M | 0.28% |
6,428,700
-71,400
| -1% | -$9.71M |
|
45
PUT
NXP Semiconductors
NXPI
$56.9B
| $798M | 0.27% |
7,307,000
+3,645,100
| +100% | +$402M |
|
|
46
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $762M | 0.26% |
2,807,324
+2,578,735
| +1,128% | +$696M |
|
|
47
PUT
AT&T
T
$173B
| $758M | 0.26% |
31,256,595
+13,037,693
| +72% | +$327M |
|
48
PUT
Intel
INTC
$476B
| $736M | 0.25% |
14,790,100
+2,567,000
| +21% | +$136M |
|
49
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $731M | 0.25% |
3,915,800
+162,000
| +4% | +$31.6M |
|
|
50
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $714M | 0.25% |
3,827,600
-548,200
| -13% | -$107M |
|
Similar funds
Jeff Yass's Q2 2018 Portfolio in Review
As of Q2 2018, Jeff Yass held 11,136 positions worth $291B, up 3.8% from $281B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass's Q2 2018 filing shows 1,911 new, 3,840 increased, 3,666 reduced and 1,619 closed positions. Its largest new stake was iShares Core MSCI EAFE ETF: 4,732,803 shares worth $300M. The largest sale was Meta Platforms (Facebook), an estimated $1.5B.
By sector, the portfolio is most concentrated in Technology at 1.9% of assets, up from 1.8% a quarter earlier, followed by Financials and Communication Services.
- Jeff Yass's largest Q2 2018 buy was iShares Core MSCI EAFE ETF: 4,732,803 shares worth $300M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q2 2018, an estimated $696M increase.
- Jeff Yass's biggest Q2 2018 reduction was Meta Platforms (Facebook), cutting an estimated $1.5B.
- Jeff Yass fully exited iShares 0-1 Year Treasury Bond ETF in Q2 2018, selling an estimated $341M.
- Jeff Yass's ten largest holdings make up 26% of its $291B portfolio in Q2 2018.
- Jeff Yass opened 1,911 new positions and closed 1,619 in Q2 2018.
- Jeff Yass's portfolio value rose 3.8% quarter-over-quarter to $291B.
Based on Susquehanna International Group's 13F filing for Q2 2018, filed 14 Aug 2018.