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 | |
|---|---|---|---|---|---|---|
601
PUT
First Solar
FSLR
$22.4B
| $65.5M | 0.02% |
1,129,000
+846,200
| +299% | +$54.2M |
|
|
DOCU
602
CALL
DocuSign
DOCU
$11.9B
| $65.4M | 0.02% |
1,056,100
+393,600
| +59% | +$20.6M |
|
603
CALL
Zoetis
ZTS
$31.9B
| $65.1M | 0.02% |
522,900
+82,100
| +19% | +$9.91M |
|
604
CALL
Crown Castle
CCI
$32.5B
| $65.1M | 0.02% |
468,600
+66,000
| +16% | +$9.13M |
|
605
PUT
iShares MSCI ACWI ETF
ACWI
$33.1B
| $65.1M | 0.02% |
882,900
+730,500
| +479% | +$53.5M |
|
606
Marathon Petroleum
MPC
$102B
| $65M | 0.02% |
1,070,402
-104,560
| -9% | -$5.51M |
|
607
PUT
McKesson
MCK
$102B
| $64.9M | 0.02% |
474,900
+105,400
| +29% | +$15M |
|
608
CALL
Kraft Heinz
KHC
$30.4B
| $64.8M | 0.02% |
2,319,100
+967,200
| +72% | +$27.8M |
|
609
CALL
Centene
CNC
$32.4B
| $64.8M | 0.02% |
1,497,100
-775,600
| -34% | -$37.8M |
|
610
CALL
Kroger
KR
$36.2B
| $64.6M | 0.02% |
2,504,600
+1,006,900
| +67% | +$23.4M |
|
|
611
CALL
First Solar
FSLR
$22.4B
| $64.5M | 0.02% |
1,111,800
+184,100
| +20% | +$11.8M |
|
612
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $64.3M | 0.02% |
646,700
-491,900
| -43% | -$51.5M |
|
613
PUT
TSMC
TSM
$2.13T
| $64.2M | 0.02% |
1,380,800
+159,700
| +13% | +$6.81M |
|
614
PUT
Prudential Financial
PRU
$42.3B
| $64.1M | 0.02% |
712,800
+156,300
| +28% | +$14.2M |
|
615
CALL
Tyson Foods
TSN
$20.4B
| $63.8M | 0.02% |
741,200
+37,500
| +5% | +$3.19M |
|
616
PUT
S&P Global
SPGI
$128B
| $63.8M | 0.02% |
260,500
+190,500
| +272% | +$47.6M |
|
617
CALL
Thermo Fisher Scientific
TMO
$232B
| $63.5M | 0.02% |
217,900
-26,900
| -11% | -$7.7M |
|
618
CALL
Automatic Data Processing
ADP
$112B
| $63.5M | 0.02% |
393,100
+87,600
| +29% | +$14.5M |
|
619
PUT
Sherwin-Williams
SHW
$84.2B
| $63.4M | 0.02% |
345,900
+98,700
| +40% | +$16.8M |
|
620
CALL
Lyft
LYFT
$6.69B
| $62.8M | 0.02% |
1,537,700
+46,000
| +3% | +$2.51M |
|
621
CALL
Halliburton
HAL
$28.9B
| $62.8M | 0.02% |
3,330,000
+615,900
| +23% | +$12.7M |
|
622
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.71B
| $62.8M | 0.02% |
2,466,200
-246,300
| -9% | -$6.59M |
|
623
CALL
Ecolab
ECL
$80.4B
| $62.6M | 0.02% |
316,300
+11,100
| +4% | +$2.22M |
|
624
CALL
Ford
F
$55.5B
| $62.4M | 0.02% |
6,815,800
-177,800
| -3% | -$1.69M |
|
|
EXAS
625
CALL
DELISTED
Exact Sciences
EXAS
| $62.4M | 0.02% |
690,600
+14,100
| +2% | +$1.61M |
|
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.