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 | |
|---|---|---|---|---|---|---|
|
JOYY
826
CALL
JOYY Inc
JOYY
$3.7B
| $34.5M | 0.01% |
410,900
+84,300
| +26% | +$6.13M |
|
|
BZUN
827
PUT
Baozun
BZUN
$164M
| $34.5M | 0.01% |
830,500
-132,400
| -14% | -$4.64M |
|
828
CALL
Kroger
KR
$36.2B
| $34.5M | 0.01% |
1,401,600
-134,700
| -9% | -$3.69M |
|
829
CALL
Five Below
FIVE
$14.5B
| $34.4M | 0.01% |
277,100
+75,300
| +37% | +$9.12M |
|
830
CALL
J.M. Smucker
SJM
$13.5B
| $34.4M | 0.01% |
295,500
+112,100
| +61% | +$11.7M |
|
831
PUT
ProShares UltraShort QQQ
QID
$222M
| $34.4M | 0.01% |
49,990
+4,225
| +9% | +$3.3M |
|
|
BLUE
832
PUT
DELISTED
bluebird bio
BLUE
| $34.4M | 0.01% |
16,876
-11,989
| -42% | -$21.1M |
|
833
PUT
Lennar Class A
LEN
$21.2B
| $34.4M | 0.01% |
723,203
+305,148
| +73% | +$13.8M |
|
834
PUT
Paycom
PAYC
$10.3B
| $34.3M | 0.01% |
181,600
+92,300
| +103% | +$15M |
|
|
BNY
835
CALL
Bank of New York Mellon
BNY
$110B
| $34.2M | 0.01% |
679,000
+493,600
| +266% | +$25.4M |
|
836
PUT
ProShares UltraPro QQQ
TQQQ
$34.7B
| $34.2M | 0.01% |
4,831,200
-6,660,800
| -58% | -$40.4M |
|
|
PARA
837
CALL
DELISTED
Paramount Global Class B
PARA
| $34.2M | 0.01% |
718,500
+106,100
| +17% | +$5.17M |
|
838
CALL
KLA
KLAC
$237B
| $34.1M | 0.01% |
2,859,000
+1,615,000
| +130% | +$17.4M |
|
839
PUT
Williams Companies
WMB
$86.8B
| $34.1M | 0.01% |
1,186,900
-125,100
| -10% | -$3.35M |
|
|
840
PUT
Five Below
FIVE
$14.5B
| $34.1M | 0.01% |
274,300
+147,500
| +116% | +$17.9M |
|
841
CALL
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.29B
| $34M | 0.01% |
557,000
-25,900
| -4% | -$1.52M |
|
842
PUT
NIO
NIO
$10.9B
| $34M | 0.01% |
6,674,100
+5,738,700
| +614% | +$40.7M |
|
843
CALL
Archer Daniels Midland
ADM
$37.7B
| $34M | 0.01% |
789,000
-831,400
| -51% | -$35.6M |
|
844
CALL
State Street Real Estate Select Sector SPDR ETF
XLRE
$8.54B
| $33.9M | 0.01% |
936,500
+819,900
| +703% | +$28M |
|
845
CALL
HSBC
HSBC
$357B
| $33.9M | 0.01% |
845,446
-352,730
| -29% | -$14.2M |
|
|
FISV
846
CALL
Fiserv Inc
FISV
$28.2B
| $33.8M | 0.01% |
383,300
+314,200
| +455% | +$25.9M |
|
847
CALL
Cleveland-Cliffs
CLF
$6.45B
| $33.8M | 0.01% |
3,383,200
+1,230,500
| +57% | +$12.3M |
|
848
CALL
Microchip Technology
MCHP
$40.3B
| $33.8M | 0.01% |
814,800
+175,200
| +27% | +$7.26M |
|
849
Alcoa
AA
$13B
| $33.8M | 0.01% |
1,199,788
+551,113
| +85% | +$15.8M |
|
850
CALL
Diamondback Energy
FANG
$57.6B
| $33.7M | 0.01% |
332,000
-755,100
| -69% | -$77.4M |
|
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.