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 | |
|---|---|---|---|---|---|---|
626
CALL
Dollar General
DG
$27.6B
| $49.9M | 0.02% |
418,400
+159,100
| +61% | +$18.5M |
|
627
CALL
Marriott International
MAR
$93.7B
| $49.9M | 0.02% |
398,700
-5,623,700
| -93% | -$662M |
|
628
PUT
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.51B
| $49.7M | 0.02% |
502,300
+123,000
| +32% | +$11.9M |
|
|
TGE
629
CALL
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $49.6M | 0.02% |
1,973,600
+1,927,400
| +4,172% | +$45.7M |
|
|
DOCU
630
CALL
DocuSign
DOCU
$12B
| $49.6M | 0.02% |
956,500
+541,400
| +130% | +$27.6M |
|
631
CALL
TSMC
TSM
$2.12T
| $49.5M | 0.02% |
1,209,600
+886,100
| +274% | +$33.8M |
|
632
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $49.5M | 0.02% |
415,400
-181,900
| -30% | -$21.1M |
|
633
CALL
PNC Financial Services
PNC
$97.1B
| $49.5M | 0.02% |
403,200
-56,500
| -12% | -$7M |
|
634
PUT
Viatris
VTRS
$19B
| $49.2M | 0.02% |
1,735,100
-178,200
| -9% | -$5.2M |
|
635
CALL
Factset
FDS
$10.8B
| $49.1M | 0.02% |
197,800
+119,400
| +152% | +$26.7M |
|
636
PUT
Allstate
ALL
$65.6B
| $49M | 0.02% |
520,400
-242,300
| -32% | -$21.9M |
|
637
Netflix
NFLX
$334B
| $49M | 0.02% |
1,373,090
-2,571,920
| -65% | -$89.2M |
|
638
PUT
iShares MSCI Japan ETF
EWJ
$22.4B
| $48.9M | 0.02% |
893,300
-125,700
| -12% | -$6.77M |
|
639
PUT
McKesson
MCK
$102B
| $48.8M | 0.02% |
416,900
+10,700
| +3% | +$1.32M |
|
640
Halliburton
HAL
$28.9B
| $48.7M | 0.02% |
1,662,379
-287,988
| -15% | -$8.7M |
|
|
CRON
641
CALL
Cronos Group
CRON
$1.26B
| $48.5M | 0.02% |
2,633,700
+328,800
| +14% | +$6.17M |
|
642
Lowe's Companies
LOW
$122B
| $48.4M | 0.02% |
442,567
-936,017
| -68% | -$93.4M |
|
643
General Motors
GM
$76.3B
| $48.3M | 0.02% |
1,301,182
-1,743,480
| -57% | -$66.2M |
|
644
PUT
Etsy
ETSY
$7.88B
| $48.2M | 0.02% |
717,300
+335,000
| +88% | +$20M |
|
645
PUT
O'Reilly Automotive
ORLY
$73B
| $48.1M | 0.02% |
1,860,000
-1,174,500
| -39% | -$28.4M |
|
646
CALL
Travelers Companies
TRV
$77.4B
| $48M | 0.02% |
349,900
-64,100
| -15% | -$8.2M |
|
647
PUT
General Mills
GIS
$21.9B
| $47.8M | 0.02% |
923,700
-631,200
| -41% | -$28.6M |
|
|
ETFC
648
DELISTED
E*Trade Financial Corporation
ETFC
| $47.7M | 0.02% |
+1,026,925
| New | +$48.9M |
|
649
CALL
Macy's
M
$6.11B
| $47.6M | 0.02% |
1,981,800
-2,904,400
| -59% | -$73.3M |
|
650
PUT
Abbott
ABT
$201B
| $47.5M | 0.02% |
594,700
+115,000
| +24% | +$8.56M |
|
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.