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 | |
|---|---|---|---|---|---|---|
|
PPLI
501
PUT
People Inc
PPLI
$2.89B
| $63.6M | 0.03% |
1,694,849
-838,752
| -33% | -$31M |
|
|
AMRN
502
CALL
Amarin Corp
AMRN
$295M
| $63.2M | 0.03% |
152,170
-126,035
| -45% | -$45.5M |
|
|
SPLK
503
CALL
DELISTED
Splunk Inc
SPLK
| $62.9M | 0.03% |
504,500
-599,700
| -54% | -$74.9M |
|
504
CALL
Seagate
STX
$181B
| $62.6M | 0.03% |
1,307,100
+30,200
| +2% | +$1.34M |
|
505
CALL
iShares Semiconductor ETF
SOXX
$41.3B
| $62.5M | 0.03% |
989,400
+123,300
| +14% | +$7.28M |
|
506
CALL
C.H. Robinson
CHRW
$16.7B
| $62.3M | 0.03% |
716,700
-57,300
| -7% | -$5.03M |
|
507
CALL
iQIYI
IQ
$984M
| $62.3M | 0.03% |
2,605,800
-820,200
| -24% | -$18.1M |
|
508
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.2B
| $62.2M | 0.03% |
1,107,900
+693,300
| +167% | +$37.1M |
|
509
PUT
Comcast
CMCSA
$96B
| $62.1M | 0.03% |
1,554,400
-5,140,000
| -77% | -$193M |
|
510
CALL
Marathon Petroleum
MPC
$101B
| $62M | 0.03% |
1,035,400
-400,800
| -28% | -$25.2M |
|
|
STI
511
CALL
DELISTED
SunTrust Banks, Inc.
STI
| $61.9M | 0.03% |
1,045,400
+900
| +0.1% | +$55.1K |
|
512
PUT
Casey's General Stores
CASY
$31.6B
| $61.6M | 0.03% |
478,100
+463,500
| +3,175% | +$60.6M |
|
|
RHT
513
CALL
DELISTED
Red Hat Inc
RHT
| $61.2M | 0.03% |
335,100
-245,000
| -42% | -$43.9M |
|
514
CALL
CSX Corp
CSX
$95.4B
| $61.2M | 0.03% |
2,453,400
-1,723,800
| -41% | -$39.9M |
|
515
PUT
Kinder Morgan
KMI
$68.9B
| $60.9M | 0.03% |
3,044,100
-6,542,000
| -68% | -$122M |
|
516
PUT
Equinix
EQIX
$103B
| $60.9M | 0.03% |
134,300
+35,700
| +36% | +$14.5M |
|
517
PUT
Weibo
WB
$1.71B
| $60.9M | 0.03% |
981,700
+157,600
| +19% | +$9.78M |
|
518
CALL
RH
RH
$2.7B
| $60.8M | 0.03% |
591,000
-428,900
| -42% | -$58.4M |
|
519
Twilio
TWLO
$34.2B
| $60.5M | 0.02% |
+468,410
| New | +$52.8M |
|
|
SPLK
520
PUT
DELISTED
Splunk Inc
SPLK
| $60.4M | 0.02% |
484,600
-592,600
| -55% | -$74M |
|
|
ATVI
521
DELISTED
Activision Blizzard
ATVI
| $60.3M | 0.02% |
1,323,643
+1,021,381
| +338% | +$46.2M |
|
522
CALL
Eaton
ETN
$159B
| $60.3M | 0.02% |
748,000
+47,800
| +7% | +$3.64M |
|
523
CALL
iShares Silver Trust
SLV
$33.5B
| $60.2M | 0.02% |
4,248,100
-241,200
| -5% | -$3.52M |
|
524
PUT
BP
BP
$113B
| $60.2M | 0.02% |
1,400,119
-1,242,774
| -47% | -$50.9M |
|
525
CALL
Truist Financial
TFC
$61.8B
| $60.2M | 0.02% |
1,293,700
+291,100
| +29% | +$14.2M |
|
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.