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 |
Amazon
AMZN
|
+$1.34B |
| 2 |
Meta Platforms (Facebook)
META
|
+$684M |
| 3 |
Tesla
TSLA
|
+$290M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$282M |
| 5 |
iShares MSCI Brazil ETF
EWZ
|
+$223M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$948M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$575M |
| 3 |
Walt Disney
DIS
|
+$382M |
| 4 |
Boeing
BA
|
+$335M |
| 5 |
Apple
AAPL
|
+$315M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 1.71% |
| 2 | Technology | 1.31% |
| 3 | Communication Services | 1.07% |
| 4 | Financials | 0.9% |
| 5 | Healthcare | 0.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
Microsoft
MSFT
$3.59T
| $1.69B | 0.56% |
14,750,600
+481,800
| +3% | +$52.2M |
|
27
CALL
Booking.com
BKNG
$158B
| $1.6B | 0.53% |
20,170,000
-910,000
| -4% | -$71.6M |
|
28
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.55B | 0.51% |
9,217,500
-5,510,600
| -37% | -$930M |
|
29
PUT
Bank of America
BAC
$431B
| $1.34B | 0.44% |
45,339,000
+419,700
| +0.9% | +$12.8M |
|
30
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.32B | 0.43% |
6,150,600
+2,323,000
| +61% | +$477M |
|
|
31
PUT
Boeing
BA
$169B
| $1.31B | 0.43% |
3,528,000
-1,198,700
| -25% | -$421M |
|
32
PUT
Micron Technology
MU
$1.09T
| $1.29B | 0.42% |
28,446,800
-1,647,700
| -5% | -$83.1M |
|
33
CALL
Norfolk Southern
NSC
$78.8B
| $1.24B | 0.41% |
6,869,500
+792,200
| +13% | +$135M |
|
34
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.22B | 0.4% |
10,437,900
-100,400
| -1% | -$12.1M |
|
35
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.17B | 0.39% |
13,550,100
+7,382,800
| +120% | +$634M |
|
36
CALL
Union Pacific
UNP
$183B
| $1.11B | 0.37% |
6,785,200
-313,900
| -4% | -$47.3M |
|
37
PUT
Advanced Micro Devices
AMD
$773B
| $1.08B | 0.36% |
34,901,500
+11,637,900
| +50% | +$263M |
|
|
38
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $985M | 0.32% |
8,399,400
-399,000
| -5% | -$47.9M |
|
|
XYZ
39
PUT
Block Inc
XYZ
$49.4B
| $960M | 0.32% |
9,698,100
+517,300
| +6% | +$39.9M |
|
|
40
PUT
Microsoft
MSFT
$3.59T
| $938M | 0.31% |
8,199,800
-658,900
| -7% | -$71.4M |
|
|
41
CALL
Advanced Micro Devices
AMD
$773B
| $911M | 0.3% |
29,489,700
+14,537,400
| +97% | +$328M |
|
42
PUT
Intuitive Surgical
ISRG
$134B
| $902M | 0.3% |
4,714,800
-402,300
| -8% | -$71.4M |
|
43
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $886M | 0.29% |
13,026,000
-8,392,000
| -39% | -$567M |
|
|
44
CALL
Boeing
BA
$169B
| $844M | 0.28% |
2,268,600
+504,700
| +29% | +$177M |
|
45
CALL
Marriott International
MAR
$92.9B
| $833M | 0.27% |
6,309,200
-119,500
| -2% | -$15.2M |
|
46
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $828M | 0.27% |
3,129,800
+1,786,300
| +133% | +$457M |
|
47
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $812M | 0.27% |
18,802,200
-11,201,700
| -37% | -$484M |
|
48
PUT
Wells Fargo
WFC
$254B
| $801M | 0.26% |
15,171,500
-1,972,900
| -12% | -$113M |
|
49
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $795M | 0.26% |
87,505,000
+10,030,000
| +13% | +$95.4M |
|
50
PUT
Citigroup
C
$221B
| $785M | 0.26% |
10,947,600
-2,717,300
| -20% | -$192M |
|
Similar funds
Jeff Yass's Q3 2018 Portfolio in Review
As of Q3 2018, Jeff Yass held 11,024 positions worth $304B, up 4.3% from $291B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jeff Yass's Q3 2018 filing shows 1,516 new, 3,541 increased, 3,939 reduced and 1,939 closed positions. Its largest new stake was iShares Core US Aggregate Bond ETF: 1,853,766 shares worth $196M. The largest sale was Altaba Inc, an estimated $948M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 1.7% of assets, up from 0.99% a quarter earlier, followed by Technology and Communication Services.
- Jeff Yass's largest Q3 2018 buy was iShares Core US Aggregate Bond ETF: 1,853,766 shares worth $196M.
- Jeff Yass added most to Amazon in Q3 2018, an estimated $1.34B increase.
- Jeff Yass's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $948M.
- Jeff Yass fully exited iShares MSCI EAFE ETF in Q3 2018, selling an estimated $210M.
- Jeff Yass's ten largest holdings make up 27% of its $304B portfolio in Q3 2018.
- Jeff Yass opened 1,516 new positions and closed 1,939 in Q3 2018.
- Jeff Yass's portfolio value rose 4.3% quarter-over-quarter to $304B.
Based on Susquehanna International Group's 13F filing for Q3 2018, filed 14 Nov 2018.