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 | |
|---|---|---|---|---|---|---|
751
PUT
Prudential Financial
PRU
$42.3B
| $39.3M | 0.02% |
427,300
-399,100
| -48% | -$36.8M |
|
752
PUT
Phillips 66
PSX
$96.5B
| $39.2M | 0.02% |
412,000
-219,300
| -35% | -$20.8M |
|
753
CALL
ASML
ASML
$668B
| $39.2M | 0.02% |
208,300
-71,800
| -26% | -$12.7M |
|
|
EXAS
754
CALL
DELISTED
Exact Sciences
EXAS
| $39.2M | 0.02% |
452,100
-431,100
| -49% | -$36.7M |
|
755
CALL
Freeport-McMoran
FCX
$112B
| $39.1M | 0.02% |
3,033,900
-116,600
| -4% | -$1.41M |
|
756
CALL
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $39M | 0.02% |
916,900
+515,200
| +128% | +$21.2M |
|
757
CALL
KKR & Co
KKR
$96.3B
| $38.9M | 0.02% |
1,654,400
-2,519,500
| -60% | -$57.4M |
|
758
CALL
BHP
BHP
$247B
| $38.8M | 0.02% |
796,471
-102,011
| -11% | -$4.65M |
|
759
CALL
Vodafone
VOD
$36.9B
| $38.7M | 0.02% |
2,127,100
+58,600
| +3% | +$1.09M |
|
760
CALL
Darden Restaurants
DRI
$25.6B
| $38.6M | 0.02% |
318,100
+36,900
| +13% | +$4.05M |
|
761
CALL
Burlington
BURL
$20.8B
| $38.4M | 0.02% |
245,100
+83,300
| +51% | +$13.4M |
|
|
762
PUT
Burlington
BURL
$20.8B
| $38.4M | 0.02% |
244,900
+150,600
| +160% | +$24.3M |
|
763
CALL
Franco-Nevada
FNV
$52.1B
| $38.3M | 0.02% |
510,700
+180,100
| +54% | +$13.4M |
|
764
AbbVie
ABBV
$467B
| $38.3M | 0.02% |
+475,190
| New | +$38.9M |
|
|
COUP
765
CALL
DELISTED
Coupa Software Incorporated
COUP
| $38.3M | 0.02% |
420,800
+206,600
| +96% | +$17.7M |
|
766
PUT
Lennox International
LII
$13.8B
| $38.2M | 0.02% |
144,500
+32,200
| +29% | +$7.7M |
|
767
CALL
Kohl's
KSS
$2.08B
| $38.2M | 0.02% |
555,500
-278,500
| -33% | -$18.9M |
|
768
PUT
International Paper
IP
$21.7B
| $38.2M | 0.02% |
871,094
+131,788
| +18% | +$5.71M |
|
769
CALL
Equinix
EQIX
$104B
| $38.1M | 0.02% |
84,000
-61,400
| -42% | -$25M |
|
770
PUT
United Parks & Resorts
PRKS
$2.03B
| $37.9M | 0.02% |
1,469,600
-237,800
| -14% | -$6.07M |
|
771
CALL
ProShares UltraShort QQQ
QID
$222M
| $37.8M | 0.02% |
54,910
+14,930
| +37% | +$11.7M |
|
772
PUT
Occidental Petroleum
OXY
$60.1B
| $37.7M | 0.02% |
569,500
-288,700
| -34% | -$19M |
|
773
PUT
International Flavors & Fragrances
IFF
$21.9B
| $37.7M | 0.02% |
292,700
+222,800
| +319% | +$29.5M |
|
774
CALL
Halliburton
HAL
$28.9B
| $37.7M | 0.02% |
1,286,100
-1,902,000
| -60% | -$57.4M |
|
|
UN
775
CALL
DELISTED
Unilever NV New York Registry Shares
UN
| $37.7M | 0.02% |
646,100
+393,300
| +156% | +$21.6M |
|
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.