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 | |
|---|---|---|---|---|---|---|
601
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$42.9B
| $52.1M | 0.02% |
488,800
-2,110,900
| -81% | -$221M |
|
602
CALL
Johnson Controls International
JCI
$86.1B
| $52.1M | 0.02% |
1,410,800
-245,800
| -15% | -$8.43M |
|
603
CALL
Paychex
PAYX
$44.9B
| $52.1M | 0.02% |
649,200
+125,600
| +24% | +$9.26M |
|
604
PUT
MGM Resorts International
MGM
$11B
| $51.8M | 0.02% |
2,020,000
-553,300
| -22% | -$15.2M |
|
605
CALL
W.W. Grainger
GWW
$61.9B
| $51.7M | 0.02% |
171,700
-108,300
| -39% | -$32.2M |
|
606
Exelixis
EXEL
$13.4B
| $51.6M | 0.02% |
2,168,748
+185,143
| +9% | +$4.22M |
|
607
CALL
Direxion Daily Financial Bull 3x ETF
FAS
$2.42B
| $51.6M | 0.02% |
834,200
+247,600
| +42% | +$14.4M |
|
608
Bausch Health
BHC
$2.46B
| $51.5M | 0.02% |
2,086,377
+657,675
| +46% | +$15.7M |
|
609
PUT
TransDigm Group
TDG
$66.2B
| $51.5M | 0.02% |
113,400
-23,600
| -17% | -$9.58M |
|
610
PUT
Stellantis
STLA
$19.6B
| $51.4M | 0.02% |
3,464,200
+120,900
| +4% | +$1.86M |
|
|
MIC
611
CALL
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $51.4M | 0.02% |
1,247,900
+1,014,700
| +435% | +$41.7M |
|
612
CALL
Dominion Energy
D
$58.7B
| $51.3M | 0.02% |
668,700
+205,200
| +44% | +$15M |
|
613
CALL
Ferrari
RACE
$74.4B
| $51.2M | 0.02% |
382,700
+285,200
| +293% | +$34.9M |
|
614
PUT
Cummins
CMI
$78.8B
| $51.1M | 0.02% |
323,800
-294,600
| -48% | -$44.2M |
|
615
UnitedHealth
UNH
$358B
| $51.1M | 0.02% |
206,664
+205,464
| +17,122% | +$52.4M |
|
|
SEE
616
CALL
DELISTED
Sealed Air
SEE
| $51M | 0.02% |
1,107,200
+203,400
| +23% | +$8.44M |
|
617
CALL
Zscaler
ZS
$28.6B
| $50.9M | 0.02% |
717,800
+480,700
| +203% | +$25.5M |
|
618
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $50.8M | 0.02% |
426,500
-17,200
| -4% | -$1.99M |
|
619
CALL
Chubb
CB
$133B
| $50.8M | 0.02% |
362,400
+75,000
| +26% | +$9.98M |
|
620
PUT
Zoetis
ZTS
$31.8B
| $50.7M | 0.02% |
503,500
+178,000
| +55% | +$16.2M |
|
621
CALL
Allstate
ALL
$65.5B
| $50.6M | 0.02% |
537,800
-165,500
| -24% | -$15M |
|
622
PUT
iShares Semiconductor ETF
SOXX
$41.3B
| $50.6M | 0.02% |
800,400
+417,000
| +109% | +$24.6M |
|
623
PUT
T-Mobile US
TMUS
$196B
| $50.5M | 0.02% |
731,000
-101,600
| -12% | -$7.11M |
|
624
Nike
NKE
$60.5B
| $50.1M | 0.02% |
595,094
-537,880
| -47% | -$44.4M |
|
625
PUT
Wabtec
WAB
$50.1B
| $49.9M | 0.02% |
677,200
+166,400
| +33% | +$12M |
|
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.