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 | |
|---|---|---|---|---|---|---|
701
Energy Transfer Partners
ET
$72.6B
| $43.5M | 0.02% |
2,831,667
+621,024
| +28% | +$9.23M |
|
702
CALL
Cognizant
CTSH
$28B
| $43.2M | 0.02% |
596,900
+77,300
| +15% | +$5.41M |
|
703
CALL
Vulcan Materials
VMC
$35.8B
| $43.1M | 0.02% |
364,000
+190,700
| +110% | +$20.6M |
|
704
CALL
Emerson Electric
EMR
$87.9B
| $42.9M | 0.02% |
627,100
+72,500
| +13% | +$4.77M |
|
705
CALL
Prudential Financial
PRU
$42.3B
| $42.9M | 0.02% |
467,000
+204,200
| +78% | +$18.8M |
|
706
PUT
Martin Marietta Materials
MLM
$32B
| $42.8M | 0.02% |
212,800
-91,400
| -30% | -$17.1M |
|
707
CALL
Northrop Grumman
NOC
$78B
| $42.8M | 0.02% |
158,700
-198,900
| -56% | -$54.3M |
|
708
CALL
Danaher
DHR
$151B
| $42.8M | 0.02% |
365,472
+209,582
| +134% | +$21.5M |
|
709
CALL
Dick's Sporting Goods
DKS
$16.1B
| $42.7M | 0.02% |
1,160,800
+572,200
| +97% | +$20.4M |
|
710
Spotify
SPOT
$111B
| $42.7M | 0.02% |
307,816
-133,594
| -30% | -$18.3M |
|
|
WCG
711
PUT
DELISTED
Wellcare Health Plans, Inc.
WCG
| $42.6M | 0.02% |
157,900
+125,900
| +393% | +$32.5M |
|
712
PUT
Whirlpool
WHR
$2.62B
| $42.4M | 0.02% |
319,300
-17,000
| -5% | -$2.25M |
|
713
CALL
HCA Healthcare
HCA
$92.9B
| $42.2M | 0.02% |
323,900
-72,300
| -18% | -$9.71M |
|
|
AMTD
714
CALL
DELISTED
TD Ameritrade Holding Corp
AMTD
| $42.2M | 0.02% |
843,300
+261,800
| +45% | +$14.2M |
|
715
Macy's
M
$6.1B
| $41.7M | 0.02% |
+1,735,043
| New | +$43.8M |
|
716
CALL
Fastenal
FAST
$58.8B
| $41.7M | 0.02% |
2,592,400
+9,600
| +0.4% | +$144K |
|
717
PUT
Sherwin-Williams
SHW
$84.2B
| $41.6M | 0.02% |
290,100
-150,600
| -34% | -$21M |
|
718
CALL
American Electric Power
AEP
$66.4B
| $41.6M | 0.02% |
497,300
+59,300
| +14% | +$4.72M |
|
|
ALXN
719
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $41.6M | 0.02% |
307,900
-9,100
| -3% | -$1.13M |
|
720
CALL
WIX.com
WIX
$3.53B
| $41.6M | 0.02% |
344,400
+74,100
| +27% | +$8.05M |
|
721
CALL
Yum! Brands
YUM
$42.9B
| $41.6M | 0.02% |
416,300
-182,700
| -31% | -$17.3M |
|
722
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $41.5M | 0.02% |
225,500
-601,700
| -73% | -$111M |
|
723
PUT
MetLife
MET
$61.1B
| $41.4M | 0.02% |
973,200
-504,700
| -34% | -$22.3M |
|
|
WCG
724
CALL
DELISTED
Wellcare Health Plans, Inc.
WCG
| $41.3M | 0.02% |
153,000
+133,400
| +681% | +$34.5M |
|
725
CALL
Thermo Fisher Scientific
TMO
$232B
| $41.2M | 0.02% |
150,500
-131,800
| -47% | -$32.8M |
|
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.