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 | |
|---|---|---|---|---|---|---|
476
CALL
Nucor
NUE
$55.3B
| $69.1M | 0.03% |
1,183,700
+274,600
| +30% | +$16.1M |
|
|
TIF
477
CALL
DELISTED
Tiffany & Co.
TIF
| $68.8M | 0.03% |
652,000
+194,000
| +42% | +$17.8M |
|
|
AMRN
478
PUT
Amarin Corp
AMRN
$298M
| $68.8M | 0.03% |
165,585
-138,810
| -46% | -$50.1M |
|
479
CALL
NetEase
NTES
$82.1B
| $68.4M | 0.03% |
1,415,500
-1,846,000
| -57% | -$87.8M |
|
480
PUT
iShares MSCI India ETF
INDA
$6.62B
| $66.9M | 0.03% |
1,898,200
+1,469,500
| +343% | +$48.8M |
|
481
Broadcom
AVGO
$1.75T
| $66.8M | 0.03% |
+2,222,520
| New | +$60.3M |
|
482
PUT
SBA Communications
SBAC
$19.4B
| $66.7M | 0.03% |
334,100
+271,900
| +437% | +$49.3M |
|
483
CALL
Snap
SNAP
$8.86B
| $66.6M | 0.03% |
6,047,200
+991,100
| +20% | +$8.43M |
|
484
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.57B
| $66.5M | 0.03% |
2,315,000
+1,453,500
| +169% | +$37.2M |
|
485
ProShares Short VIX Short-Term Futures ETF
SVXY
$244M
| $66.2M | 0.03% |
2,529,296
+975,322
| +63% | +$24M |
|
486
CALL
Mondelez International
MDLZ
$82.3B
| $66M | 0.03% |
1,322,000
+23,700
| +2% | +$1.09M |
|
487
PUT
Cheniere Energy
LNG
$57.3B
| $65.9M | 0.03% |
963,300
-356,900
| -27% | -$23.5M |
|
488
CALL
Ecolab
ECL
$78.9B
| $65.8M | 0.03% |
372,800
+109,600
| +42% | +$17.8M |
|
489
PUT
Kroger
KR
$35.5B
| $65.8M | 0.03% |
2,673,000
+605,400
| +29% | +$16.6M |
|
490
iShares MSCI Emerging Markets ETF
EEM
$31.2B
| $65.5M | 0.03% |
+1,526,044
| New | +$64.2M |
|
491
PUT
Estee Lauder
EL
$36.9B
| $65.4M | 0.03% |
395,000
+237,200
| +150% | +$34.8M |
|
492
PUT
Alcoa
AA
$13.7B
| $65.2M | 0.03% |
2,314,500
+712,700
| +44% | +$20.4M |
|
493
CALL
Stryker
SYK
$126B
| $64.9M | 0.03% |
328,400
+175,300
| +115% | +$31.5M |
|
494
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $64.6M | 0.03% |
2,001,900
-473,300
| -19% | -$16.6M |
|
495
CALL
Linde
LIN
$225B
| $64.4M | 0.03% |
366,300
+169,100
| +86% | +$28.1M |
|
496
CALL
Ionis Pharmaceuticals
IONS
$9.93B
| $64.3M | 0.03% |
792,100
+243,800
| +44% | +$15.7M |
|
497
CALL
GSK
GSK
$105B
| $64.1M | 0.03% |
1,226,960
+88,800
| +8% | +$4.44M |
|
498
PUT
PepsiCo
PEP
$196B
| $63.9M | 0.03% |
521,400
-190,700
| -27% | -$21.7M |
|
499
PUT
VanEck Junior Gold Miners ETF
GDXJ
$9.76B
| $63.9M | 0.03% |
2,013,700
-831,000
| -29% | -$26.5M |
|
500
Roku
ROKU
$23.4B
| $63.8M | 0.03% |
989,145
+158,535
| +19% | +$8.48M |
|
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.