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 | |
|---|---|---|---|---|---|---|
951
CALL
Motorola Solutions
MSI
$79.7B
| $28M | 0.01% |
199,600
-69,800
| -26% | -$9.06M |
|
952
PUT
Bath & Body Works
BBWI
$3.86B
| $28M | 0.01% |
1,254,071
-299,972
| -19% | -$6.59M |
|
953
CALL
HDFC Bank
HDB
$121B
| $27.9M | 0.01% |
964,000
+770,000
| +397% | +$20M |
|
954
CALL
Energy Transfer Partners
ET
$72.6B
| $27.9M | 0.01% |
1,815,300
-2,739,400
| -60% | -$40.7M |
|
955
PUT
Vodafone
VOD
$36.9B
| $27.8M | 0.01% |
1,527,300
+177,200
| +13% | +$3.29M |
|
956
PUT
Incyte
INCY
$25.9B
| $27.8M | 0.01% |
322,800
-151,800
| -32% | -$12.4M |
|
957
Norfolk Southern
NSC
$79.3B
| $27.7M | 0.01% |
+148,365
| New | +$25.7M |
|
958
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$722M
| $27.7M | 0.01% |
20,526
-7,297
| -26% | -$11.9M |
|
959
PUT
D.R. Horton
DHI
$41.7B
| $27.7M | 0.01% |
668,400
+199,800
| +43% | +$7.82M |
|
|
ACB
960
PUT
Aurora Cannabis
ACB
$249M
| $27.6M | 0.01% |
25,381
+14,956
| +143% | +$13.4M |
|
961
PUT
Warner Bros
WBD
$72B
| $27.6M | 0.01% |
1,021,200
+488,800
| +92% | +$13.6M |
|
962
PUT
Okta
OKTA
$22.8B
| $27.6M | 0.01% |
333,500
+196,700
| +144% | +$15.6M |
|
963
CALL
Veeva Systems
VEEV
$40.4B
| $27.6M | 0.01% |
217,200
-38,900
| -15% | -$4.39M |
|
964
Devon Energy
DVN
$53.1B
| $27.5M | 0.01% |
871,645
+714,984
| +456% | +$20M |
|
965
PUT
J.M. Smucker
SJM
$13.5B
| $27.5M | 0.01% |
235,700
+22,400
| +11% | +$2.34M |
|
966
Sarepta Therapeutics
SRPT
$1.92B
| $27.4M | 0.01% |
230,010
-102,667
| -31% | -$13.2M |
|
967
CALL
DexCom
DXCM
$34.4B
| $27.4M | 0.01% |
920,400
+646,000
| +235% | +$22.7M |
|
968
PUT
Invesco CurrencyShares British Pound Sterling Trust
FXB
$65.5M
| $27.4M | 0.01% |
216,900
+79,000
| +57% | +$9.99M |
|
969
PUT
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $27.4M | 0.01% |
709,900
-140,300
| -17% | -$5.19M |
|
970
PUT
Planet Fitness
PLNT
$4.07B
| $27.3M | 0.01% |
397,800
+318,500
| +402% | +$19.3M |
|
971
CALL
Cheniere Energy
LNG
$58B
| $27.3M | 0.01% |
399,800
-416,400
| -51% | -$27.4M |
|
972
PUT
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$675M
| $27.3M | 0.01% |
55,690
+35,420
| +175% | +$18.5M |
|
973
PUT
Nutrien
NTR
$35.5B
| $27.3M | 0.01% |
517,000
-621,100
| -55% | -$32.4M |
|
974
CALL
uniQure
QURE
$3.29B
| $27.2M | 0.01% |
455,500
+367,700
| +419% | +$16.4M |
|
975
CALL
SolarEdge
SEDG
$1.85B
| $27.2M | 0.01% |
720,600
+259,800
| +56% | +$10.4M |
|
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.