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 | |
|---|---|---|---|---|---|---|
876
Vale
VALE
$64B
| $32.4M | 0.01% |
2,480,773
-1,310,526
| -35% | -$17M |
|
877
CALL
Realty Income
O
$59.8B
| $32.2M | 0.01% |
451,397
+98,969
| +28% | +$6.56M |
|
878
Walmart Inc
WMT
$847B
| $32.1M | 0.01% |
987,879
-848,991
| -46% | -$27.5M |
|
879
PUT
PNC Financial Services
PNC
$97.2B
| $32.1M | 0.01% |
261,700
-186,500
| -42% | -$23.1M |
|
|
WBC
880
CALL
DELISTED
WABCO HOLDINGS INC.
WBC
| $32.1M | 0.01% |
243,300
+185,200
| +319% | +$22.8M |
|
881
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$4.71B
| $32M | 0.01% |
1,078,500
+542,800
| +101% | +$16.1M |
|
|
SCHW
882
PUT
Charles Schwab
SCHW
$197B
| $32M | 0.01% |
748,500
+97,300
| +15% | +$4.39M |
|
883
Humana
HUM
$46.4B
| $32M | 0.01% |
+120,267
| New | +$34.7M |
|
|
ZAYO
884
CALL
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $32M | 0.01% |
1,125,200
-912,200
| -45% | -$24.2M |
|
885
State Street Financial Select Sector SPDR ETF
XLF
$56.8B
| $31.9M | 0.01% |
1,242,632
-1,333,759
| -52% | -$34.4M |
|
886
PUT
CarMax
KMX
$8.91B
| $31.8M | 0.01% |
455,600
+255,400
| +128% | +$15.7M |
|
887
CALL
First Solar
FSLR
$22.4B
| $31.8M | 0.01% |
601,800
-519,200
| -46% | -$26.1M |
|
|
K
888
CALL
DELISTED
Kellanova
K
| $31.5M | 0.01% |
584,579
-54,741
| -9% | -$2.92M |
|
889
PUT
Monster Beverage
MNST
$95.8B
| $31.4M | 0.01% |
2,299,600
+2,120,400
| +1,183% | +$30.2M |
|
|
SCHW
890
CALL
Charles Schwab
SCHW
$197B
| $31.3M | 0.01% |
731,900
+131,300
| +22% | +$5.93M |
|
891
PUT
Nektar Therapeutics
NKTR
$2.52B
| $31.3M | 0.01% |
62,027
+10,274
| +20% | +$6.09M |
|
892
PUT
Match Group
MTCH
$9.58B
| $31.3M | 0.01% |
552,100
-228,200
| -29% | -$12.1M |
|
893
CALL
McCormick & Company Non-Voting
MKC
$15.1B
| $31.2M | 0.01% |
414,600
+126,600
| +44% | +$8.54M |
|
894
PUT
Carnival Corporation Ltd
CCL
$35.2B
| $31.2M | 0.01% |
615,000
+223,100
| +57% | +$12.4M |
|
895
PUT
Direxion Daily MSCI Brazil Bull 2X ETF
BRZU
$96.3M
| $31.1M | 0.01% |
31,686
+20,783
| +191% | +$24.9M |
|
896
PUT
Alaska Air
ALK
$4.64B
| $31M | 0.01% |
552,800
-59,900
| -10% | -$3.66M |
|
897
CALL
Cboe Global Markets
CBOE
$32.2B
| $30.9M | 0.01% |
324,200
-129,400
| -29% | -$12.3M |
|
|
898
CALL
Carnival Corporation Ltd
CCL
$35.2B
| $30.9M | 0.01% |
608,800
-50,500
| -8% | -$2.8M |
|
|
899
PUT
First Solar
FSLR
$22.4B
| $30.8M | 0.01% |
582,000
-530,000
| -48% | -$26.7M |
|
900
CALL
Centene
CNC
$32.4B
| $30.7M | 0.01% |
577,500
+75,500
| +15% | +$4.58M |
|
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.