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 | |
|---|---|---|---|---|---|---|
|
26
PUT
Walt Disney
DIS
$186B
| $1.37B | 0.56% |
12,298,000
+7,026,400
| +133% | +$785M |
|
27
PUT
NVIDIA
NVDA
$5.2T
| $1.33B | 0.55% |
296,292,000
-25,120,000
| -8% | -$97.5M |
|
|
28
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $1.31B | 0.54% |
22,324,000
-23,334,000
| -51% | -$1.31B |
|
29
PUT
Microsoft
MSFT
$3.59T
| $1.24B | 0.51% |
10,540,800
-3,588,700
| -25% | -$392M |
|
|
30
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.22B | 0.5% |
18,741,300
+2,328,800
| +14% | +$147M |
|
|
31
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.12B | 0.46% |
19,176,000
-18,692,000
| -49% | -$1.05B |
|
32
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.11B | 0.46% |
5,522,500
-3,346,900
| -38% | -$676M |
|
|
33
Boeing
BA
$169B
| $1.11B | 0.46% |
2,903,827
+2,396,781
| +473% | +$923M |
|
34
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.06B | 0.43% |
8,358,200
-2,827,300
| -25% | -$344M |
|
35
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $1.01B | 0.41% |
71,005,000
+150,000
| +0.2% | +$1.74M |
|
|
36
Amazon
AMZN
$2.79T
| $967M | 0.4% |
10,858,800
+5,778,800
| +114% | +$481M |
|
37
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $909M | 0.37% |
21,167,400
+3,995,600
| +23% | +$168M |
|
|
38
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $890M | 0.37% |
62,650,000
-3,525,000
| -5% | -$40.9M |
|
39
PUT
Citigroup
C
$221B
| $870M | 0.36% |
13,986,800
+212,000
| +2% | +$13.2M |
|
|
40
CALL
NVIDIA
NVDA
$5.2T
| $843M | 0.35% |
187,856,000
-89,240,000
| -32% | -$346M |
|
|
41
Walt Disney
DIS
$186B
| $772M | 0.32% |
6,954,610
+6,354,610
| +1,059% | +$710M |
|
|
42
CALL
Walt Disney
DIS
$186B
| $743M | 0.31% |
6,691,800
+1,555,800
| +30% | +$174M |
|
|
43
CALL
Bank of America
BAC
$431B
| $737M | 0.3% |
26,701,200
-1,930,100
| -7% | -$54.5M |
|
|
44
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $737M | 0.3% |
5,826,000
+607,900
| +12% | +$73.9M |
|
45
PUT
Qualcomm
QCOM
$169B
| $730M | 0.3% |
12,798,300
+4,430,700
| +53% | +$239M |
|
46
CALL
SPDR Gold Trust
GLD
$152B
| $727M | 0.3% |
5,956,100
-1,789,100
| -23% | -$220M |
|
|
47
CALL
Citigroup
C
$221B
| $698M | 0.29% |
11,222,000
+745,300
| +7% | +$46.3M |
|
|
48
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $681M | 0.28% |
3,387,900
-244,800
| -7% | -$49.4M |
|
49
PUT
Advanced Micro Devices
AMD
$773B
| $675M | 0.28% |
26,443,100
-12,826,300
| -33% | -$291M |
|
|
50
PUT
Micron Technology
MU
$1.09T
| $655M | 0.27% |
15,837,200
-13,064,600
| -45% | -$505M |
|
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.