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 | |
|---|---|---|---|---|---|---|
|
MIC
651
PUT
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $47.5M | 0.02% |
1,151,600
+971,300
| +539% | +$39.9M |
|
652
CALL
Vale
VALE
$64B
| $47.4M | 0.02% |
3,630,100
-1,522,000
| -30% | -$19.7M |
|
653
PUT
State Street SPDR S&P Retail ETF
XRT
$329M
| $47.4M | 0.02% |
1,052,600
+203,600
| +24% | +$9.05M |
|
|
TGE
654
PUT
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $47.3M | 0.02% |
1,883,200
+1,780,000
| +1,725% | +$42.2M |
|
655
PUT
StoneCo
STNE
$2.2B
| $47.2M | 0.02% |
+1,149,100
| New | +$31.2M |
|
656
CALL
International Paper
IP
$21.7B
| $47.2M | 0.02% |
1,076,698
+169,277
| +19% | +$7.34M |
|
657
CALL
VanEck Junior Gold Miners ETF
GDXJ
$9.83B
| $47.1M | 0.02% |
1,482,900
+316,900
| +27% | +$10.1M |
|
658
CALL
Royal Bank of Canada
RY
$284B
| $47M | 0.02% |
622,500
+237,800
| +62% | +$18M |
|
659
PUT
Lumen
LUMN
$5.85B
| $47M | 0.02% |
3,918,500
-1,303,500
| -25% | -$18.1M |
|
660
PUT
American International
AIG
$40.5B
| $46.8M | 0.02% |
1,088,000
+74,600
| +7% | +$3.19M |
|
661
CALL
Williams Companies
WMB
$86.8B
| $46.6M | 0.02% |
1,623,600
-235,700
| -13% | -$6.32M |
|
662
PUT
Marriott International
MAR
$93.9B
| $46.6M | 0.02% |
372,700
-344,700
| -48% | -$40.6M |
|
663
CALL
Herbalife
HLF
$1.32B
| $46.6M | 0.02% |
878,600
-379,700
| -30% | -$21.8M |
|
664
PUT
Goodyear
GT
$1.73B
| $46.5M | 0.02% |
2,561,800
+57,400
| +2% | +$1.12M |
|
665
CALL
MGM Resorts International
MGM
$11B
| $46.4M | 0.02% |
1,808,500
-188,600
| -9% | -$5.17M |
|
666
CALL
Stellantis
STLA
$19.7B
| $46.4M | 0.02% |
3,124,600
-3,802,300
| -55% | -$58.4M |
|
667
PUT
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.67B
| $46.3M | 0.02% |
428,667
+102,200
| +31% | +$10.8M |
|
668
PUT
Vanguard Total World Stock ETF
VT
$80.7B
| $46.2M | 0.02% |
630,900
+622,300
| +7,236% | +$44.2M |
|
669
PUT
ProShares Ultra Bloomberg Crude Oil
UCO
$401M
| $46M | 0.02% |
341,696
+16,992
| +5% | +$1.97M |
|
670
Las Vegas Sands
LVS
$30.4B
| $45.9M | 0.02% |
752,901
-206,891
| -22% | -$12.2M |
|
671
CALL
Trip.com Group
TCOM
$29B
| $45.8M | 0.02% |
1,048,000
+255,700
| +32% | +$8.97M |
|
672
Align Technology
ALGN
$11.3B
| $45.8M | 0.02% |
161,023
+36,733
| +30% | +$8.77M |
|
673
CALL
MongoDB
MDB
$32.4B
| $45.8M | 0.02% |
311,200
+77,400
| +33% | +$7.94M |
|
674
PUT
Ralph Lauren
RL
$22.1B
| $45.5M | 0.02% |
350,500
-42,800
| -11% | -$5.1M |
|
675
CALL
APA Corp
APA
$15.1B
| $45.4M | 0.02% |
1,309,800
+374,700
| +40% | +$12.2M |
|
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.