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 | |
|---|---|---|---|---|---|---|
801
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
| $35.9M | 0.01% |
+392,055
| New | +$35.9M |
|
802
PUT
Fidelity National Information Services
FIS
$21.4B
| $35.8M | 0.01% |
316,200
+227,600
| +257% | +$24.3M |
|
803
PUT
Ecolab
ECL
$80.4B
| $35.7M | 0.01% |
202,300
+134,800
| +200% | +$21.9M |
|
804
Nutanix
NTNX
$18B
| $35.7M | 0.01% |
945,696
+486,940
| +106% | +$22.3M |
|
805
PUT
Nucor
NUE
$55.5B
| $35.5M | 0.01% |
608,700
-65,900
| -10% | -$3.86M |
|
806
Expedia Group
EXPE
$40.7B
| $35.4M | 0.01% |
+297,407
| New | +$36.1M |
|
807
CALL
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.8B
| $35.4M | 0.01% |
500,500
-18,800
| -4% | -$1.28M |
|
808
PUT
Kimberly-Clark
KMB
$37B
| $35.3M | 0.01% |
285,200
-95,800
| -25% | -$11.1M |
|
809
CALL
Lennox International
LII
$13.8B
| $35.2M | 0.01% |
133,300
+43,900
| +49% | +$10.5M |
|
810
PUT
The Mosaic Company
MOS
$7.63B
| $35.2M | 0.01% |
1,290,300
-24,800
| -2% | -$756K |
|
811
CALL
Wolfspeed
WOLF
$1.29B
| $35.1M | 0.01% |
613,000
-46,500
| -7% | -$2.39M |
|
|
PPL
812
CALL
PPL Corp
PPL
$26.4B
| $35M | 0.01% |
1,104,100
-626,400
| -36% | -$19.5M |
|
813
CALL
Advance Auto Parts
AAP
$2.63B
| $35M | 0.01% |
205,400
+39,500
| +24% | +$6.38M |
|
|
814
CALL
Nutanix
NTNX
$18B
| $35M | 0.01% |
927,100
-662,500
| -42% | -$30.3M |
|
815
PUT
Capri Holdings
CPRI
$1.55B
| $34.9M | 0.01% |
763,900
-23,600
| -3% | -$1.03M |
|
|
X
816
CALL
DELISTED
US Steel
X
| $34.9M | 0.01% |
1,791,100
-962,200
| -35% | -$20.5M |
|
817
PUT
Best Buy
BBY
$18.4B
| $34.9M | 0.01% |
491,000
-90,700
| -16% | -$5.65M |
|
818
CALL
Air Products & Chemicals
APD
$68.2B
| $34.9M | 0.01% |
182,600
+13,200
| +8% | +$2.27M |
|
819
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.9B
| $34.9M | 0.01% |
134,497
+65,846
| +96% | +$16.6M |
|
820
CALL
New Oriental
EDU
$8.97B
| $34.8M | 0.01% |
386,600
-111,800
| -22% | -$8.42M |
|
|
821
PUT
Advance Auto Parts
AAP
$2.63B
| $34.7M | 0.01% |
203,700
-124,900
| -38% | -$20.2M |
|
822
CALL
Lumentum
LITE
$74.5B
| $34.7M | 0.01% |
613,500
-106,200
| -15% | -$5.09M |
|
823
PUT
Molina Healthcare
MOH
$10.4B
| $34.7M | 0.01% |
244,200
+187,400
| +330% | +$25.3M |
|
|
BBBY
824
PUT
DELISTED
Bed Bath & Beyond Inc
BBBY
| $34.7M | 0.01% |
2,039,900
+302,100
| +17% | +$4.56M |
|
825
CALL
Carvana
CVNA
$79.5B
| $34.6M | 0.01% |
2,984,000
+882,000
| +42% | +$7.42M |
|
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.