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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.18B |
| 3 |
Apple
AAPL
|
+$836M |
| 4 |
Alibaba
BABA
|
+$807M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$566M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$429M |
| 2 |
Boeing
BA
|
+$402M |
| 3 |
Coty
COTY
|
+$284M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$104M |
| 5 |
Qualcomm
QCOM
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Communication Services | 1.72% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
Citigroup
C
$221B
| $711M | 0.26% |
10,151,900
-3,834,900
| -27% | -$257M |
|
52
Berkshire Hathaway Class B
BRK.B
$1.06T
| $709M | 0.26% |
3,326,833
+1,942,444
| +140% | +$402M |
|
53
Mercado Libre
MELI
$97.5B
| $706M | 0.26% |
1,154,551
+116,191
| +11% | +$64.7M |
|
54
NVIDIA
NVDA
$5.2T
| $701M | 0.25% |
170,839,560
+82,523,840
| +93% | +$342M |
|
|
55
PUT
Qualcomm
QCOM
$169B
| $695M | 0.25% |
9,133,200
-3,665,100
| -29% | -$268M |
|
56
PUT
Advanced Micro Devices
AMD
$773B
| $676M | 0.25% |
22,253,900
-4,189,200
| -16% | -$120M |
|
57
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $674M | 0.25% |
15,718,900
+2,550,900
| +19% | +$108M |
|
58
CALL
Visa
V
$693B
| $672M | 0.24% |
3,872,100
-274,400
| -7% | -$44.9M |
|
59
PUT
Bank of America
BAC
$431B
| $666M | 0.24% |
22,981,300
+1,353,000
| +6% | +$39M |
|
|
60
Boeing
BA
$169B
| $655M | 0.24% |
1,800,371
-1,103,456
| -38% | -$402M |
|
61
PUT
Wells Fargo
WFC
$254B
| $622M | 0.23% |
13,134,800
+1,205,100
| +10% | +$56.4M |
|
|
62
CALL
Citigroup
C
$221B
| $616M | 0.22% |
8,789,200
-2,432,800
| -22% | -$163M |
|
63
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $613M | 0.22% |
11,130,600
+5,653,000
| +103% | +$308M |
|
|
64
PUT
Mercado Libre
MELI
$97.5B
| $602M | 0.22% |
984,800
+317,100
| +47% | +$176M |
|
65
PUT
JPMorgan Chase
JPM
$935B
| $596M | 0.22% |
5,335,200
+2,374,600
| +80% | +$262M |
|
|
66
CALL
NVIDIA
NVDA
$5.2T
| $596M | 0.22% |
145,056,000
-42,800,000
| -23% | -$177M |
|
|
XYZ
67
PUT
Block Inc
XYZ
$49.4B
| $586M | 0.21% |
8,079,600
+1,219,600
| +18% | +$85.2M |
|
68
CALL
Procter & Gamble
PG
$336B
| $573M | 0.21% |
5,225,000
-607,300
| -10% | -$64.7M |
|
|
69
iShares Core MSCI EAFE ETF
IEFA
$195B
| $568M | 0.21% |
9,253,020
+9,234,607
| +50,153% | +$566M |
|
70
PUT
Salesforce
CRM
$171B
| $565M | 0.21% |
3,722,000
+340,500
| +10% | +$53.4M |
|
|
71
Bank of America
BAC
$431B
| $557M | 0.2% |
19,194,424
-242,125
| -1% | -$6.98M |
|
72
PUT
Mastercard
MA
$509B
| $552M | 0.2% |
2,086,800
+590,900
| +40% | +$148M |
|
|
73
Wells Fargo
WFC
$254B
| $550M | 0.2% |
11,629,811
+4,617,487
| +66% | +$216M |
|
74
CALL
IBM
IBM
$222B
| $536M | 0.19% |
4,062,350
+404,593
| +11% | +$53.2M |
|
|
75
Walt Disney
DIS
$186B
| $520M | 0.19% |
3,722,729
-3,231,881
| -46% | -$429M |
|
Similar funds
Jeff Yass's Q2 2019 Portfolio in Review
As of Q2 2019, Jeff Yass held 11,369 positions worth $275B, up 13% from $243B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $25.4B of net new capital in Q2 2019, opening 2,651 new positions and adding to 3,766 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $429M trimmed.
- Jeff Yass's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
- Jeff Yass added most to Alphabet (Google) Class A in Q2 2019, an estimated $1.18B increase.
- Jeff Yass's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $429M.
- Jeff Yass fully exited Goldcorp Inc in Q2 2019, selling an estimated $26.4M.
- Jeff Yass's ten largest holdings make up 24% of its $275B portfolio in Q2 2019.
- Jeff Yass opened 2,651 new positions and closed 1,221 in Q2 2019.
- Jeff Yass's portfolio value rose 13% quarter-over-quarter to $275B.
Based on Susquehanna International Group's 13F filing for Q2 2019, filed 14 Aug 2019.