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 | |
|---|---|---|---|---|---|---|
|
ALXN
551
PUT
DELISTED
Alexion Pharmaceuticals
ALXN
| $57.5M | 0.02% |
425,700
-159,600
| -27% | -$19.8M |
|
552
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $57.5M | 0.02% |
1,010,600
-298,800
| -23% | -$16.2M |
|
553
PUT
Diamondback Energy
FANG
$59B
| $57.5M | 0.02% |
566,400
+139,800
| +33% | +$14.3M |
|
554
CALL
Best Buy
BBY
$18.1B
| $57.5M | 0.02% |
808,700
-306,800
| -28% | -$19.1M |
|
555
CALL
Clorox
CLX
$12.9B
| $57.5M | 0.02% |
358,100
+187,400
| +110% | +$29.1M |
|
556
PUT
PG&E
PCG
$38.8B
| $57.3M | 0.02% |
3,217,000
+2,376,600
| +283% | +$38.4M |
|
557
CALL
Vanguard Real Estate ETF
VNQ
$39.1B
| $57.2M | 0.02% |
658,700
+253,300
| +62% | +$20.9M |
|
558
CALL
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.5B
| $57.2M | 0.02% |
578,060
-520,220
| -47% | -$50.2M |
|
559
CALL
Kinder Morgan
KMI
$69B
| $57.1M | 0.02% |
2,853,000
-6,767,500
| -70% | -$126M |
|
|
RDS.A
560
CALL
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $57M | 0.02% |
910,200
+40,000
| +5% | +$2.47M |
|
561
PUT
Seagate
STX
$193B
| $56.8M | 0.02% |
1,186,000
-872,800
| -42% | -$38.7M |
|
562
Cigna
CI
$73.3B
| $56.6M | 0.02% |
+352,158
| New | +$64.3M |
|
|
ACB
563
CALL
Aurora Cannabis
ACB
$249M
| $56.5M | 0.02% |
52,004
+49,857
| +2,322% | +$44.6M |
|
|
SKX
564
CALL
DELISTED
Skechers
SKX
| $56.5M | 0.02% |
1,681,600
+1,379,200
| +456% | +$41.2M |
|
565
FedEx
FDX
$76.9B
| $56.4M | 0.02% |
310,768
-498,316
| -62% | -$88.1M |
|
|
MLNX
566
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $56M | 0.02% |
473,146
+295,987
| +167% | +$29.8M |
|
|
IRBT
567
PUT
DELISTED
iRobot
IRBT
| $55.8M | 0.02% |
473,800
-13,100
| -3% | -$1.39M |
|
|
ICPT
568
PUT
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $55.6M | 0.02% |
496,800
-110,800
| -18% | -$12.1M |
|
569
CALL
Signet Jewelers
SIG
$3.16B
| $55.5M | 0.02% |
2,045,300
+1,556,800
| +319% | +$42.9M |
|
570
CALL
iShares Core S&P 500 ETF
IVV
$893B
| $55.4M | 0.02% |
194,700
+44,500
| +30% | +$12.2M |
|
571
CALL
Coty
COTY
$2.41B
| $55.2M | 0.02% |
4,798,300
+4,171,900
| +666% | +$39.5M |
|
572
CALL
Nutrien
NTR
$35.9B
| $55M | 0.02% |
1,041,900
+276,000
| +36% | +$14.4M |
|
573
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.77B
| $54.9M | 0.02% |
1,849,100
+982,200
| +113% | +$29.1M |
|
574
US Bancorp
USB
$96.7B
| $54.8M | 0.02% |
1,137,615
+1,096,259
| +2,651% | +$55M |
|
575
CALL
Novartis
NVS
$302B
| $54.7M | 0.02% |
634,781
+104,569
| +20% | +$8.39M |
|
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.