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 | |
|---|---|---|---|---|---|---|
676
PUT
Albemarle
ALB
$16.7B
| $45.4M | 0.02% |
553,300
-100,400
| -15% | -$8.21M |
|
677
CALL
Bio-Rad Laboratories Class A
BIO
$10.2B
| $45.3M | 0.02% |
148,200
+129,000
| +672% | +$34.8M |
|
|
GWPH
678
CALL
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $45.3M | 0.02% |
268,500
-68,800
| -20% | -$10.2M |
|
679
PUT
Bunge Global
BG
$21.2B
| $45.2M | 0.02% |
851,400
-217,200
| -20% | -$11.5M |
|
680
PUT
Capital One
COF
$133B
| $45.2M | 0.02% |
552,900
-658,500
| -54% | -$53.5M |
|
681
PUT
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$18.4B
| $44.9M | 0.02% |
4,900,500
+2,694,000
| +122% | +$20.7M |
|
682
CALL
Incyte
INCY
$25.9B
| $44.8M | 0.02% |
521,000
-187,600
| -26% | -$15.3M |
|
683
CALL
T-Mobile US
TMUS
$196B
| $44.7M | 0.02% |
647,200
-103,700
| -14% | -$7.26M |
|
|
GAP
684
PUT
The Gap Inc
GAP
$7.33B
| $44.7M | 0.02% |
1,707,800
-365,800
| -18% | -$9.35M |
|
685
PUT
Under Armour
UAA
$2.31B
| $44.5M | 0.02% |
2,105,300
-1,279,200
| -38% | -$26.8M |
|
|
686
CALL
Capital One
COF
$133B
| $44.5M | 0.02% |
544,300
+122,900
| +29% | +$9.99M |
|
687
PUT
US Bancorp
USB
$97.3B
| $44.4M | 0.02% |
921,600
+108,100
| +13% | +$5.42M |
|
688
CALL
General Dynamics
GD
$104B
| $44.4M | 0.02% |
262,300
-145,100
| -36% | -$24.4M |
|
|
MDCO
689
CALL
DELISTED
Medicines Co
MDCO
| $44.2M | 0.02% |
1,582,300
+1,062,500
| +204% | +$25M |
|
690
PUT
Avis
CAR
$5.19B
| $44.2M | 0.02% |
1,267,600
+600,500
| +90% | +$18M |
|
691
PUT
Edwards Lifesciences
EW
$52.2B
| $44.2M | 0.02% |
692,700
+127,800
| +23% | +$7.29M |
|
|
APC
692
CALL
DELISTED
Anadarko Petroleum
APC
| $44.1M | 0.02% |
970,300
-151,600
| -14% | -$6.88M |
|
693
CALL
Agnico Eagle Mines
AEM
$110B
| $44.1M | 0.02% |
1,014,000
-10,900
| -1% | -$461K |
|
694
CALL
United States Natural Gas Fund
UNG
$511M
| $44.1M | 0.02% |
469,400
-1,227,100
| -72% | -$123M |
|
695
CALL
Genuine Parts
GPC
$18.7B
| $44.1M | 0.02% |
393,500
+218,700
| +125% | +$22.6M |
|
|
APC
696
PUT
DELISTED
Anadarko Petroleum
APC
| $44M | 0.02% |
966,600
+442,300
| +84% | +$20.1M |
|
697
CALL
Estee Lauder
EL
$37.7B
| $43.8M | 0.02% |
264,700
+51,600
| +24% | +$7.58M |
|
698
PUT
Boston Beer
SAM
$1.95B
| $43.8M | 0.02% |
148,500
+62,100
| +72% | +$17M |
|
699
CALL
Sherwin-Williams
SHW
$84.2B
| $43.7M | 0.02% |
304,200
+79,500
| +35% | +$11.1M |
|
|
GRUB
700
PUT
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $43.6M | 0.02% |
314,000
+42,600
| +16% | +$6.6M |
|
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.