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 |
Apple
AAPL
|
+$2.91B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$469M |
| 3 |
NVIDIA
NVDA
|
+$461M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$461M |
| 5 |
Citigroup
C
|
+$304M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.29B |
| 2 |
Tesla
TSLA
|
+$303M |
| 3 |
Meta Platforms (Facebook)
META
|
+$264M |
| 4 |
iShares MSCI Brazil ETF
EWZ
|
+$257M |
| 5 |
Goldman Sachs
GS
|
+$247M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.28% |
| 2 | Consumer Discretionary | 0.93% |
| 3 | Financials | 0.81% |
| 4 | Communication Services | 0.69% |
| 5 | Healthcare | 0.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Marriott International
MAR
$92.9B
| $654M | 0.26% |
6,022,400
-286,800
| -5% | -$32.9M |
|
52
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $651M | 0.26% |
2,790,600
+1,645,000
| +144% | +$410M |
|
53
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $634M | 0.25% |
5,218,100
-5,219,800
| -50% | -$604M |
|
|
54
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $623M | 0.25% |
2,494,687
+1,707,878
| +217% | +$461M |
|
55
PUT
Intel
INTC
$476B
| $614M | 0.24% |
13,085,400
-3,157,500
| -19% | -$148M |
|
56
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $612M | 0.24% |
70,855,000
-16,650,000
| -19% | -$151M |
|
57
PUT
Mastercard
MA
$509B
| $610M | 0.24% |
3,234,500
+1,448,000
| +81% | +$288M |
|
58
CALL
Visa
V
$693B
| $605M | 0.24% |
4,585,600
+436,500
| +11% | +$60.3M |
|
59
PUT
Walt Disney
DIS
$186B
| $578M | 0.23% |
5,271,600
+1,406,500
| +36% | +$160M |
|
60
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $576M | 0.23% |
7,107,800
-6,442,300
| -48% | -$539M |
|
|
61
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $571M | 0.23% |
66,175,000
-9,755,000
| -13% | -$88.2M |
|
62
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $566M | 0.22% |
14,482,100
+2,960,400
| +26% | +$119M |
|
|
63
CALL
Walt Disney
DIS
$186B
| $563M | 0.22% |
5,136,000
+908,900
| +22% | +$103M |
|
64
CALL
Salesforce
CRM
$171B
| $548M | 0.22% |
4,003,000
+1,511,500
| +61% | +$208M |
|
|
65
CALL
Citigroup
C
$221B
| $545M | 0.22% |
10,476,700
+170,800
| +2% | +$10.8M |
|
|
66
PUT
Goldman Sachs
GS
$303B
| $533M | 0.21% |
3,188,900
+759,000
| +31% | +$153M |
|
|
67
PUT
Salesforce
CRM
$171B
| $529M | 0.21% |
3,864,900
+251,300
| +7% | +$34.6M |
|
68
CALL
Merck
MRK
$376B
| $523M | 0.21% |
7,166,853
+2,040,980
| +40% | +$144M |
|
69
PUT
Wells Fargo
WFC
$254B
| $520M | 0.21% |
11,287,300
-3,884,200
| -26% | -$199M |
|
|
70
CALL
Mastercard
MA
$509B
| $506M | 0.2% |
2,684,300
+1,412,000
| +111% | +$280M |
|
71
CALL
Verizon
VZ
$205B
| $486M | 0.19% |
8,638,000
+1,544,400
| +22% | +$87.6M |
|
72
PUT
United States Oil Fund
USO
$2.24B
| $483M | 0.19% |
6,251,450
+3,620,050
| +138% | +$364M |
|
73
PUT
AT&T
T
$173B
| $483M | 0.19% |
22,389,370
+2,399,221
| +12% | +$55.9M |
|
74
Micron Technology
MU
$1.09T
| $483M | 0.19% |
15,210,205
+464,858
| +3% | +$17.6M |
|
75
CALL
United Parcel Service
UPS
$86.8B
| $478M | 0.19% |
4,899,000
+224,400
| +5% | +$24.3M |
|
Similar funds
Jeff Yass's Q4 2018 Portfolio in Review
As of Q4 2018, Jeff Yass held 10,809 positions worth $252B, down 17% from $304B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass's Q4 2018 filing shows 1,721 new, 3,152 increased, 3,864 reduced and 1,983 closed positions. Its largest new stake was iShares MSCI EAFE ETF: 7,515,967 shares worth $442M. The largest sale was Amazon, an estimated $1.29B.
By sector, the portfolio is most concentrated in Technology at 2.3% of assets, up from 1.3% a quarter earlier, followed by Consumer Discretionary and Financials.
- Jeff Yass's largest Q4 2018 buy was iShares MSCI EAFE ETF: 7,515,967 shares worth $442M.
- Jeff Yass added most to Apple in Q4 2018, an estimated $2.91B increase.
- Jeff Yass's biggest Q4 2018 reduction was Amazon, cutting an estimated $1.29B.
- Jeff Yass fully exited Tesla in Q4 2018, selling an estimated $303M.
- Jeff Yass's ten largest holdings make up 26% of its $252B portfolio in Q4 2018.
- Jeff Yass opened 1,721 new positions and closed 1,983 in Q4 2018.
- Jeff Yass's portfolio value fell 17% quarter-over-quarter to $252B.
Based on Susquehanna International Group's 13F filing for Q4 2018, filed 14 Feb 2019.