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 | |
|---|---|---|---|---|---|---|
851
CALL
Simon Property Group
SPG
$71.4B
| $33.6M | 0.01% |
184,200
-129,100
| -41% | -$22.9M |
|
852
CALL
Tandem Diabetes Care
TNDM
$1.55B
| $33.5M | 0.01% |
526,800
+186,300
| +55% | +$9.79M |
|
853
Skyworks Solutions
SWKS
$10.1B
| $33.4M | 0.01% |
404,855
-268,177
| -40% | -$20.7M |
|
854
CALL
Lennar Class A
LEN
$21.2B
| $33.4M | 0.01% |
702,543
+365,992
| +109% | +$16.6M |
|
855
PUT
ProShares UltraPro Short QQQ
SQQQ
$1.9B
| $33.4M | 0.01% |
1,312
+397
| +43% | +$12.3M |
|
856
PUT
Becton Dickinson
BDX
$52B
| $33.3M | 0.01% |
136,530
-92,148
| -40% | -$21.8M |
|
857
PUT
Gen Digital
GEN
$17.4B
| $33.2M | 0.01% |
1,444,400
-1,864,900
| -56% | -$40.6M |
|
858
CALL
Wheaton Precious Metals
WPM
$72.8B
| $33.2M | 0.01% |
1,393,100
+27,400
| +2% | +$583K |
|
859
PUT
iShares MSCI South Korea ETF
EWY
$27B
| $33.2M | 0.01% |
544,200
+236,200
| +77% | +$14.6M |
|
860
McKesson
MCK
$102B
| $33.1M | 0.01% |
282,915
+202,861
| +253% | +$25M |
|
|
FL
861
PUT
DELISTED
Foot Locker
FL
| $33.1M | 0.01% |
546,200
-51,300
| -9% | -$2.99M |
|
862
PUT
Zillow
Z
$8.33B
| $33.1M | 0.01% |
952,300
-128,300
| -12% | -$4.58M |
|
863
PUT
Zscaler
ZS
$28.5B
| $33.1M | 0.01% |
466,100
+251,700
| +117% | +$13.4M |
|
|
CYBR
864
CALL
DELISTED
CyberArk
CYBR
| $33M | 0.01% |
277,600
+41,600
| +18% | +$3.98M |
|
|
RDS.A
865
PUT
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $32.9M | 0.01% |
526,200
-436,000
| -45% | -$27M |
|
866
CALL
Cracker Barrel
CBRL
$1.3B
| $32.9M | 0.01% |
203,700
+5,300
| +3% | +$871K |
|
867
CALL
Whirlpool
WHR
$2.62B
| $32.9M | 0.01% |
247,700
+1,400
| +0.6% | +$185K |
|
868
Conagra Brands
CAG
$8B
| $32.8M | 0.01% |
1,182,953
+924,045
| +357% | +$21.2M |
|
|
WP
869
CALL
DELISTED
Worldpay, Inc.
WP
| $32.8M | 0.01% |
288,700
+235,200
| +440% | +$21.3M |
|
|
870
CALL
ProShares UltraPro Short QQQ
SQQQ
$1.9B
| $32.7M | 0.01% |
1,287
-978
| -43% | -$30.2M |
|
871
Kinder Morgan
KMI
$69B
| $32.6M | 0.01% |
1,631,384
-3,032,573
| -65% | -$56.6M |
|
|
K
872
PUT
DELISTED
Kellanova
K
| $32.5M | 0.01% |
603,855
+300,117
| +99% | +$16M |
|
873
CALL
Hershey
HSY
$38.2B
| $32.5M | 0.01% |
283,100
+74,500
| +36% | +$8.11M |
|
874
PUT
Cencora
COR
$61.8B
| $32.5M | 0.01% |
408,400
+203,800
| +100% | +$16.4M |
|
875
PUT
Rio Tinto
RIO
$170B
| $32.4M | 0.01% |
551,100
-87,300
| -14% | -$4.8M |
|
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.