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 | |
|---|---|---|---|---|---|---|
726
CALL
D.R. Horton
DHI
$41.7B
| $41.1M | 0.02% |
992,900
-828,700
| -45% | -$32.5M |
|
|
MLNX
727
PUT
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $41M | 0.02% |
346,700
+199,900
| +136% | +$20.1M |
|
|
CMA
728
PUT
DELISTED
Comerica
CMA
| $41M | 0.02% |
558,900
+123,300
| +28% | +$9.88M |
|
729
PUT
VanEck Oil Services ETF
OIH
$1.94B
| $40.7M | 0.02% |
118,250
+9,680
| +9% | +$3.27M |
|
730
PUT
Ubiquiti
UI
$33.5B
| $40.7M | 0.02% |
272,100
+147,600
| +119% | +$18.6M |
|
731
PUT
Automatic Data Processing
ADP
$112B
| $40.7M | 0.02% |
254,500
-69,200
| -21% | -$10.1M |
|
732
CALL
Enterprise Products Partners
EPD
$82.8B
| $40.6M | 0.02% |
1,396,100
+526,200
| +60% | +$14.7M |
|
733
Bunge Global
BG
$21.2B
| $40.6M | 0.02% |
765,155
+182,164
| +31% | +$9.66M |
|
|
CRON
734
PUT
Cronos Group
CRON
$1.26B
| $40.5M | 0.02% |
2,197,300
+888,600
| +68% | +$16.7M |
|
735
CALL
Becton Dickinson
BDX
$52B
| $40.3M | 0.02% |
165,435
+73,287
| +80% | +$17.3M |
|
736
CALL
Analog Devices
ADI
$181B
| $40.3M | 0.02% |
382,600
-1,084,100
| -74% | -$109M |
|
737
CALL
Dollar Tree
DLTR
$26.3B
| $40.2M | 0.02% |
382,500
-744,200
| -66% | -$73.1M |
|
738
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$301M
| $40.2M | 0.02% |
1,244,900
-1,103,900
| -47% | -$38.6M |
|
739
PUT
APA Corp
APA
$15.1B
| $40M | 0.02% |
1,153,100
-160,900
| -12% | -$5.24M |
|
740
PUT
Transocean
RIG
$6.44B
| $40M | 0.02% |
4,586,700
+131,300
| +3% | +$1.12M |
|
741
PUT
Newell Brands
NWL
$2.59B
| $39.9M | 0.02% |
2,601,300
+1,331,100
| +105% | +$24.5M |
|
742
PUT
BioMarin Pharmaceuticals
BMRN
$12.6B
| $39.8M | 0.02% |
447,800
+149,000
| +50% | +$13.8M |
|
743
CALL
Ralph Lauren
RL
$22.1B
| $39.8M | 0.02% |
306,600
-36,700
| -11% | -$4.37M |
|
744
PUT
Edison International
EIX
$28.5B
| $39.8M | 0.02% |
642,100
+436,500
| +212% | +$26M |
|
745
PUT
Trip.com Group
TCOM
$29B
| $39.7M | 0.02% |
908,200
+424,000
| +88% | +$14.9M |
|
746
Stellantis
STLA
$19.7B
| $39.7M | 0.02% |
2,671,827
+1,399,539
| +110% | +$21.5M |
|
747
Constellation Brands
STZ
$23.5B
| $39.7M | 0.02% |
226,153
+223,933
| +10,087% | +$37.7M |
|
748
Take-Two Interactive
TTWO
$43.7B
| $39.4M | 0.02% |
418,015
+207,334
| +98% | +$20.1M |
|
749
PUT
Mondelez International
MDLZ
$82.6B
| $39.4M | 0.02% |
789,200
-577,700
| -42% | -$26.5M |
|
750
CALL
Ligand Pharmaceuticals
LGND
$5.59B
| $39.4M | 0.02% |
502,060
+49,373
| +11% | +$3.74M |
|
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.