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
|
+$4.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.18B |
| 3 |
Apple
AAPL
|
+$836M |
| 4 |
Alibaba
BABA
|
+$807M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$566M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$429M |
| 2 |
Boeing
BA
|
+$402M |
| 3 |
Coty
COTY
|
+$284M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$104M |
| 5 |
Qualcomm
QCOM
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Communication Services | 1.72% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.5B | 0.54% |
22,810,600
+4,069,300
| +22% | +$266M |
|
27
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.47B | 0.53% |
9,436,200
-1,648,300
| -15% | -$254M |
|
28
Amazon
AMZN
$2.79T
| $1.46B | 0.53% |
15,411,360
+4,552,560
| +42% | +$424M |
|
29
PUT
Microsoft
MSFT
$3.59T
| $1.46B | 0.53% |
10,873,000
+332,200
| +3% | +$42.2M |
|
30
CALL
Netflix
NFLX
$331B
| $1.38B | 0.5% |
37,376,000
-5,662,000
| -13% | -$204M |
|
|
31
PUT
Netflix
NFLX
$331B
| $1.38B | 0.5% |
37,198,000
-9,622,000
| -21% | -$347M |
|
|
32
CALL
Walt Disney
DIS
$186B
| $1.33B | 0.48% |
9,500,800
+2,809,000
| +42% | +$373M |
|
|
33
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.32B | 0.48% |
24,350,000
+5,174,000
| +27% | +$298M |
|
34
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.29B | 0.47% |
9,713,300
+1,355,100
| +16% | +$172M |
|
35
CALL
Booking.com
BKNG
$158B
| $1.28B | 0.46% |
17,057,500
-3,982,500
| -19% | -$286M |
|
|
36
PUT
Walt Disney
DIS
$186B
| $1.28B | 0.46% |
9,138,800
-3,159,200
| -26% | -$419M |
|
37
CALL
SPDR Gold Trust
GLD
$152B
| $1.01B | 0.37% |
7,576,100
+1,620,000
| +27% | +$200M |
|
|
38
CALL
Boeing
BA
$169B
| $1,000M | 0.36% |
2,746,400
-1,400,100
| -34% | -$511M |
|
|
39
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $968M | 0.35% |
17,904,000
-4,420,000
| -20% | -$255M |
|
40
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $955M | 0.35% |
4,479,600
-1,042,900
| -19% | -$216M |
|
|
41
Apple
AAPL
$4.51T
| $954M | 0.35% |
19,275,032
+17,152,200
| +808% | +$836M |
|
42
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $894M | 0.32% |
20,835,100
-332,300
| -2% | -$14.1M |
|
|
43
CALL
Qualcomm
QCOM
$169B
| $885M | 0.32% |
11,639,500
+382,000
| +3% | +$28M |
|
44
CALL
JPMorgan Chase
JPM
$935B
| $837M | 0.3% |
7,483,100
+3,241,100
| +76% | +$357M |
|
|
45
Alibaba
BABA
$286B
| $809M | 0.29% |
4,773,958
+4,674,285
| +4,690% | +$807M |
|
|
46
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $797M | 0.29% |
3,741,000
+353,100
| +10% | +$73.1M |
|
47
CALL
Bank of America
BAC
$431B
| $788M | 0.29% |
27,171,300
+470,100
| +2% | +$13.6M |
|
48
CALL
AT&T
T
$173B
| $746M | 0.27% |
29,462,178
+9,881,410
| +50% | +$237M |
|
49
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $731M | 0.27% |
2,748,300
+1,247,100
| +83% | +$326M |
|
50
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $730M | 0.27% |
49,810,000
-12,840,000
| -20% | -$181M |
|
Similar funds
Jeff Yass's Q2 2019 Portfolio in Review
As of Q2 2019, Jeff Yass held 11,369 positions worth $275B, up 13% from $243B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $25.4B of net new capital in Q2 2019, opening 2,651 new positions and adding to 3,766 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $429M trimmed.
- Jeff Yass's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
- Jeff Yass added most to Alphabet (Google) Class A in Q2 2019, an estimated $1.18B increase.
- Jeff Yass's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $429M.
- Jeff Yass fully exited Goldcorp Inc in Q2 2019, selling an estimated $26.4M.
- Jeff Yass's ten largest holdings make up 24% of its $275B portfolio in Q2 2019.
- Jeff Yass opened 2,651 new positions and closed 1,221 in Q2 2019.
- Jeff Yass's portfolio value rose 13% quarter-over-quarter to $275B.
Based on Susquehanna International Group's 13F filing for Q2 2019, filed 14 Aug 2019.