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 | |
|---|---|---|---|---|---|---|
51
CALL
Visa
V
$693B
| $648M | 0.27% |
4,146,500
-439,100
| -10% | -$63.3M |
|
52
CALL
Qualcomm
QCOM
$169B
| $642M | 0.26% |
11,257,500
+3,091,100
| +38% | +$167M |
|
53
CALL
Procter & Gamble
PG
$336B
| $607M | 0.25% |
5,832,300
-1,600,900
| -22% | -$156M |
|
|
54
PUT
Bank of America
BAC
$431B
| $597M | 0.25% |
21,628,300
-11,688,900
| -35% | -$330M |
|
55
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $596M | 0.24% |
13,457,600
+6,277,000
| +87% | +$268M |
|
56
PUT
Bristol-Myers Squibb
BMY
$137B
| $595M | 0.24% |
12,475,200
+9,191,700
| +280% | +$458M |
|
57
PUT
Adobe
ADBE
$109B
| $591M | 0.24% |
2,218,400
+154,300
| +7% | +$38.9M |
|
58
PUT
Wells Fargo
WFC
$254B
| $586M | 0.24% |
11,929,700
+642,400
| +6% | +$31.6M |
|
59
CALL
United Parcel Service
UPS
$86.8B
| $582M | 0.24% |
5,212,800
+313,800
| +6% | +$33.3M |
|
|
CELG
60
CALL
DELISTED
Celgene Corp
CELG
| $574M | 0.24% |
6,085,800
+804,800
| +15% | +$70.4M |
|
|
61
Alphabet (Google) Class A
GOOGL
$4.22T
| $568M | 0.23% |
9,652,480
+6,965,380
| +259% | +$393M |
|
62
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $565M | 0.23% |
13,168,000
-1,314,100
| -9% | -$55.3M |
|
63
CALL
Intel
INTC
$476B
| $549M | 0.23% |
10,226,000
+258,700
| +3% | +$13.1M |
|
64
CALL
ExxonMobil
XOM
$679B
| $543M | 0.22% |
6,723,300
+860,400
| +15% | +$65.6M |
|
|
65
Bank of America
BAC
$431B
| $536M | 0.22% |
19,436,549
+18,040,402
| +1,292% | +$510M |
|
66
PUT
Salesforce
CRM
$171B
| $536M | 0.22% |
3,381,500
-483,400
| -13% | -$74.9M |
|
67
Mercado Libre
MELI
$97.5B
| $527M | 0.22% |
1,038,360
+289,966
| +39% | +$116M |
|
|
XYZ
68
PUT
Block Inc
XYZ
$49.4B
| $514M | 0.21% |
6,860,000
-6,956,000
| -50% | -$504M |
|
69
PUT
Goldman Sachs
GS
$303B
| $499M | 0.21% |
2,598,900
-590,000
| -19% | -$114M |
|
70
CALL
IBM
IBM
$222B
| $493M | 0.2% |
3,657,757
+895,689
| +32% | +$114M |
|
|
71
CALL
Micron Technology
MU
$1.09T
| $487M | 0.2% |
11,794,200
-677,000
| -5% | -$26.2M |
|
72
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $485M | 0.2% |
11,824,100
+2,554,000
| +28% | +$110M |
|
73
CALL
Mastercard
MA
$509B
| $464M | 0.19% |
1,971,100
-713,200
| -27% | -$153M |
|
74
CALL
AT&T
T
$173B
| $464M | 0.19% |
19,580,768
-436,656
| -2% | -$10M |
|
75
CALL
Cisco
CSCO
$438B
| $460M | 0.19% |
8,520,900
+1,590,000
| +23% | +$77.3M |
|
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.