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
|
+$1.58B |
| 2 |
Netflix
NFLX
|
+$496M |
| 3 |
Meta Platforms (Facebook)
META
|
+$275M |
| 4 |
Alibaba
BABA
|
+$215M |
| 5 |
UnitedHealth
UNH
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$926M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$682M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$556M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$246M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.18% |
| 2 | Technology | 2.09% |
| 3 | Communication Services | 1.44% |
| 4 | Financials | 1.21% |
| 5 | Healthcare | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.71B | 0.57% |
11,936,100
-3,713,800
| -24% | -$516M |
|
27
PUT
NVIDIA
NVDA
$5.2T
| $1.64B | 0.55% |
377,564,000
+3,432,000
| +0.9% | +$14.4M |
|
28
CALL
Booking.com
BKNG
$158B
| $1.6B | 0.53% |
20,330,000
+3,272,500
| +19% | +$253M |
|
|
29
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $1.53B | 0.51% |
24,898,000
+6,994,000
| +39% | +$414M |
|
|
30
CALL
Alibaba
BABA
$286B
| $1.49B | 0.5% |
8,906,400
-1,761,400
| -17% | -$303M |
|
|
31
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.42B | 0.48% |
23,242,000
-1,108,000
| -5% | -$65.6M |
|
32
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.41B | 0.47% |
21,606,600
-1,204,000
| -5% | -$77.6M |
|
|
33
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.36B | 0.46% |
9,518,600
-194,700
| -2% | -$27.1M |
|
34
CALL
Boeing
BA
$169B
| $1.22B | 0.41% |
3,192,300
+445,900
| +16% | +$159M |
|
|
35
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.22B | 0.41% |
8,040,100
-1,396,100
| -15% | -$213M |
|
36
Apple
AAPL
$4.51T
| $1.14B | 0.38% |
20,275,196
+1,000,164
| +5% | +$52.3M |
|
37
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.05B | 0.35% |
5,037,200
+557,600
| +12% | +$115M |
|
|
38
Alibaba
BABA
$286B
| $1.01B | 0.34% |
6,025,499
+1,251,541
| +26% | +$215M |
|
39
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $984M | 0.33% |
58,520,000
+8,710,000
| +17% | +$139M |
|
40
CALL
SPDR Gold Trust
GLD
$152B
| $976M | 0.33% |
7,030,200
-545,900
| -7% | -$75.9M |
|
|
41
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $967M | 0.32% |
4,646,500
+905,500
| +24% | +$187M |
|
42
PUT
Salesforce
CRM
$171B
| $920M | 0.31% |
6,200,800
+2,478,800
| +67% | +$377M |
|
43
PUT
Walt Disney
DIS
$186B
| $909M | 0.3% |
6,974,200
-2,164,600
| -24% | -$299M |
|
44
PUT
Advanced Micro Devices
AMD
$773B
| $903M | 0.3% |
31,144,800
+8,890,900
| +40% | +$279M |
|
45
CALL
Visa
V
$693B
| $895M | 0.3% |
5,204,800
+1,332,700
| +34% | +$237M |
|
|
46
Alphabet (Google) Class A
GOOGL
$4.22T
| $880M | 0.3% |
14,418,400
-15,633,280
| -52% | -$926M |
|
47
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $878M | 0.29% |
21,473,400
+638,300
| +3% | +$26.4M |
|
|
48
PUT
Visa
V
$693B
| $849M | 0.28% |
4,938,400
+2,633,700
| +114% | +$469M |
|
49
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $818M | 0.27% |
20,561,700
+13,216,700
| +180% | +$536M |
|
50
PUT
Mastercard
MA
$509B
| $803M | 0.27% |
2,955,400
+868,600
| +42% | +$239M |
|
Similar funds
Jeff Yass's Q3 2019 Portfolio in Review
As of Q3 2019, Jeff Yass held 11,380 positions worth $298B, up 8.4% from $275B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $26.9B of net new capital in Q3 2019, opening 1,223 new positions and adding to 4,885 existing holdings. Its largest new stake was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $926M trimmed.
- Jeff Yass's largest Q3 2019 buy was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
- Jeff Yass added most to Amazon in Q3 2019, an estimated $1.58B increase.
- Jeff Yass's biggest Q3 2019 reduction was Alphabet (Google) Class A, cutting an estimated $926M.
- Jeff Yass fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $179M.
- Jeff Yass's ten largest holdings make up 24% of its $298B portfolio in Q3 2019.
- Jeff Yass opened 1,223 new positions and closed 1,294 in Q3 2019.
- Jeff Yass's portfolio value rose 8.4% quarter-over-quarter to $298B.
Based on Susquehanna International Group's 13F filing for Q3 2019, filed 14 Nov 2019.