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 |
Apple
AAPL
|
+$2.91B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$469M |
| 3 |
NVIDIA
NVDA
|
+$461M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$461M |
| 5 |
Citigroup
C
|
+$304M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.29B |
| 2 |
Tesla
TSLA
|
+$303M |
| 3 |
Meta Platforms (Facebook)
META
|
+$264M |
| 4 |
iShares MSCI Brazil ETF
EWZ
|
+$257M |
| 5 |
Goldman Sachs
GS
|
+$247M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.28% |
| 2 | Consumer Discretionary | 0.93% |
| 3 | Financials | 0.81% |
| 4 | Communication Services | 0.69% |
| 5 | Healthcare | 0.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
Alibaba
BABA
$286B
| $1.72B | 0.68% |
12,535,800
-3,363,300
| -21% | -$497M |
|
27
CALL
Microsoft
MSFT
$3.59T
| $1.69B | 0.67% |
16,599,800
+1,849,200
| +13% | +$198M |
|
|
28
PUT
Microsoft
MSFT
$3.59T
| $1.44B | 0.57% |
14,129,500
+5,929,700
| +72% | +$635M |
|
29
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.36B | 0.54% |
11,185,500
+2,786,100
| +33% | +$322M |
|
30
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $1.35B | 0.53% |
6,585
+1,019
| +18% | +$150M |
|
31
PUT
Boeing
BA
$169B
| $1.2B | 0.48% |
3,716,000
+188,000
| +5% | +$64.9M |
|
|
32
PUT
NVIDIA
NVDA
$5.2T
| $1.07B | 0.43% |
321,412,000
+55,200,000
| +21% | +$264M |
|
|
VXX
33
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $972M | 0.39% |
20,723,900
+6,121,900
| +42% | +$227M |
|
34
CALL
Norfolk Southern
NSC
$78.8B
| $968M | 0.38% |
6,471,600
-397,900
| -6% | -$65.4M |
|
|
35
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $965M | 0.38% |
16,412,500
+3,386,500
| +26% | +$212M |
|
36
CALL
SPDR Gold Trust
GLD
$152B
| $939M | 0.37% |
7,745,200
+1,420,000
| +22% | +$165M |
|
|
37
CALL
NVIDIA
NVDA
$5.2T
| $925M | 0.37% |
277,096,000
-16,472,000
| -6% | -$78.8M |
|
38
PUT
Micron Technology
MU
$1.09T
| $917M | 0.36% |
28,901,800
+455,000
| +2% | +$17.2M |
|
|
39
CALL
Boeing
BA
$169B
| $873M | 0.35% |
2,708,500
+439,900
| +19% | +$152M |
|
40
CALL
Union Pacific
UNP
$183B
| $870M | 0.35% |
6,296,400
-488,800
| -7% | -$72.4M |
|
41
PUT
Bank of America
BAC
$431B
| $821M | 0.33% |
33,317,200
-12,021,800
| -27% | -$326M |
|
|
XYZ
42
PUT
Block Inc
XYZ
$49.4B
| $775M | 0.31% |
13,816,000
+4,117,900
| +42% | +$291M |
|
43
PUT
Intuitive Surgical
ISRG
$134B
| $760M | 0.3% |
4,760,700
+45,900
| +1% | +$7.78M |
|
44
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $742M | 0.29% |
3,632,700
+850,700
| +31% | +$178M |
|
45
PUT
Advanced Micro Devices
AMD
$773B
| $725M | 0.29% |
39,269,400
+4,367,900
| +13% | +$94.4M |
|
|
46
PUT
Citigroup
C
$221B
| $717M | 0.28% |
13,774,800
+2,827,200
| +26% | +$179M |
|
|
47
CALL
Bank of America
BAC
$431B
| $705M | 0.28% |
28,631,300
+2,790,700
| +11% | +$75.7M |
|
48
CALL
Procter & Gamble
PG
$336B
| $683M | 0.27% |
7,433,200
+441,700
| +6% | +$39.5M |
|
49
PUT
JPMorgan Chase
JPM
$935B
| $681M | 0.27% |
6,978,400
+2,333,300
| +50% | +$249M |
|
50
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $671M | 0.27% |
17,171,800
-1,630,400
| -9% | -$65.3M |
|
Similar funds
Jeff Yass's Q4 2018 Portfolio in Review
As of Q4 2018, Jeff Yass held 10,809 positions worth $252B, down 17% from $304B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass's Q4 2018 filing shows 1,721 new, 3,152 increased, 3,864 reduced and 1,983 closed positions. Its largest new stake was iShares MSCI EAFE ETF: 7,515,967 shares worth $442M. The largest sale was Amazon, an estimated $1.29B.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 1.3% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q4 2018 buy was iShares MSCI EAFE ETF: 7,515,967 shares worth $442M.
- Jeff Yass added most to Apple in Q4 2018, an estimated $2.91B increase.
- Jeff Yass's biggest Q4 2018 reduction was Amazon, cutting an estimated $1.29B.
- Jeff Yass fully exited Tesla in Q4 2018, selling an estimated $303M.
- Jeff Yass's ten largest holdings make up 26% of its $252B portfolio in Q4 2018.
- Jeff Yass opened 1,721 new positions and closed 1,983 in Q4 2018.
- Jeff Yass's portfolio value fell 17% quarter-over-quarter to $252B.
Based on Susquehanna International Group's 13F filing for Q4 2018, filed 14 Feb 2019.