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 |
Amazon
AMZN
|
+$1.58B |
| 2 |
Netflix
NFLX
|
+$496M |
| 3 |
Meta Platforms (Facebook)
META
|
+$275M |
| 4 |
Alibaba
BABA
|
+$215M |
| 5 |
UnitedHealth
UNH
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$926M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$682M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$556M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$246M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.18% |
| 2 | Technology | 2.09% |
| 3 | Communication Services | 1.44% |
| 4 | Financials | 1.21% |
| 5 | Healthcare | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Walt Disney
DIS
$186B
| $796M | 0.27% |
6,110,400
-3,390,400
| -36% | -$469M |
|
52
PUT
Bank of America
BAC
$431B
| $791M | 0.26% |
27,104,500
+4,123,200
| +18% | +$119M |
|
53
PUT
Citigroup
C
$221B
| $787M | 0.26% |
11,391,200
+1,239,300
| +12% | +$84.3M |
|
|
54
CALL
Bank of America
BAC
$431B
| $776M | 0.26% |
26,590,400
-580,900
| -2% | -$16.7M |
|
55
PUT
Adobe
ADBE
$109B
| $773M | 0.26% |
2,797,600
+1,281,300
| +85% | +$374M |
|
56
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $752M | 0.25% |
2,793,200
+44,900
| +2% | +$12M |
|
|
57
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $735M | 0.25% |
2,729,200
+1,870,000
| +218% | +$499M |
|
58
PUT
Beyond Meat
BYND
$254M
| $732M | 0.25% |
164,257
+80,147
| +95% | +$396M |
|
59
PUT
Shopify
SHOP
$192B
| $732M | 0.25% |
23,490,000
+6,769,000
| +40% | +$232M |
|
60
PUT
Mercado Libre
MELI
$97.5B
| $725M | 0.24% |
1,316,000
+331,200
| +34% | +$201M |
|
61
PUT
Wells Fargo
WFC
$254B
| $709M | 0.24% |
13,983,800
+849,000
| +6% | +$40M |
|
62
CALL
United Parcel Service
UPS
$86.8B
| $709M | 0.24% |
5,917,900
+1,013,700
| +21% | +$116M |
|
63
CALL
NVIDIA
NVDA
$5.2T
| $689M | 0.23% |
158,224,000
+13,168,000
| +9% | +$55.4M |
|
|
XYZ
64
PUT
Block Inc
XYZ
$49.4B
| $653M | 0.22% |
10,545,100
+2,465,500
| +31% | +$167M |
|
65
PUT
Broadcom
AVGO
$1.75T
| $651M | 0.22% |
23,588,000
+8,704,000
| +58% | +$247M |
|
66
Berkshire Hathaway Class B
BRK.B
$1.06T
| $650M | 0.22% |
3,124,151
-202,682
| -6% | -$41.8M |
|
|
67
NVIDIA
NVDA
$5.2T
| $641M | 0.21% |
147,203,240
-23,636,320
| -14% | -$99.4M |
|
68
CALL
AT&T
T
$173B
| $629M | 0.21% |
22,017,723
-7,444,455
| -25% | -$197M |
|
69
CALL
Salesforce
CRM
$171B
| $617M | 0.21% |
4,157,700
+2,112,300
| +103% | +$321M |
|
|
70
Netflix
NFLX
$331B
| $617M | 0.21% |
23,043,590
+15,852,220
| +220% | +$496M |
|
|
71
PUT
UnitedHealth
UNH
$350B
| $614M | 0.21% |
2,825,900
+1,128,000
| +66% | +$272M |
|
72
PUT
Procter & Gamble
PG
$336B
| $612M | 0.21% |
4,924,200
+1,949,200
| +66% | +$230M |
|
|
73
CALL
Procter & Gamble
PG
$336B
| $608M | 0.2% |
4,889,500
-335,500
| -6% | -$39.6M |
|
74
CALL
Home Depot
HD
$335B
| $596M | 0.2% |
2,567,100
+202,800
| +9% | +$44.3M |
|
75
PUT
JPMorgan Chase
JPM
$935B
| $595M | 0.2% |
5,057,200
-278,000
| -5% | -$31.4M |
|
Similar funds
Jeff Yass's Q3 2019 Portfolio in Review
As of Q3 2019, Jeff Yass held 11,380 positions worth $298B, up 8.4% from $275B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $26.9B of net new capital in Q3 2019, opening 1,223 new positions and adding to 4,885 existing holdings. Its largest new stake was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $926M trimmed.
- Jeff Yass's largest Q3 2019 buy was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
- Jeff Yass added most to Amazon in Q3 2019, an estimated $1.58B increase.
- Jeff Yass's biggest Q3 2019 reduction was Alphabet (Google) Class A, cutting an estimated $926M.
- Jeff Yass fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $179M.
- Jeff Yass's ten largest holdings make up 24% of its $298B portfolio in Q3 2019.
- Jeff Yass opened 1,223 new positions and closed 1,294 in Q3 2019.
- Jeff Yass's portfolio value rose 8.4% quarter-over-quarter to $298B.
Based on Susquehanna International Group's 13F filing for Q3 2019, filed 14 Nov 2019.