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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$696M |
| 2 |
AABA
Altaba Inc
AABA
|
+$632M |
| 3 |
AT&T
T
|
+$433M |
| 4 |
Goldman Sachs
GS
|
+$392M |
| 5 |
Walt Disney
DIS
|
+$384M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$1.5B |
| 2 |
Apple
AAPL
|
+$1.26B |
| 3 |
Amazon
AMZN
|
+$1B |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$938M |
| 5 |
Netflix
NFLX
|
+$423M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.9% |
| 2 | Financials | 1.28% |
| 3 | Communication Services | 1.02% |
| 4 | Consumer Discretionary | 0.99% |
| 5 | Healthcare | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
CALL
United Parcel Service
UPS
$86.8B
| $531M | 0.18% |
5,000,500
-361,500
| -7% | -$40.6M |
|
77
CALL
Adobe
ADBE
$109B
| $529M | 0.18% |
2,169,700
+865,500
| +66% | +$205M |
|
78
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $525M | 0.18% |
6,167,300
-1,131,200
| -15% | -$96.9M |
|
79
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $510M | 0.18% |
11,768,500
-3,758,900
| -24% | -$174M |
|
|
80
CALL
AT&T
T
$173B
| $509M | 0.17% |
20,982,884
+2,442,515
| +13% | +$61.3M |
|
81
CALL
JPMorgan Chase
JPM
$935B
| $497M | 0.17% |
4,732,100
-3,838,900
| -45% | -$421M |
|
|
82
Apple
AAPL
$4.51T
| $495M | 0.17% |
10,704,692
-27,716,288
| -72% | -$1.26B |
|
83
Wells Fargo
WFC
$254B
| $494M | 0.17% |
8,911,389
+2,292,595
| +35% | +$123M |
|
|
TWTR
84
CALL
DELISTED
Twitter, Inc.
TWTR
| $491M | 0.17% |
11,237,000
+2,709,500
| +32% | +$95.1M |
|
85
CALL
Constellation Brands
STZ
$23.2B
| $485M | 0.17% |
2,217,300
+1,339,900
| +153% | +$303M |
|
86
CALL
Visa
V
$693B
| $482M | 0.17% |
3,629,700
-754,700
| -17% | -$97.1M |
|
|
87
PUT
Adobe
ADBE
$109B
| $482M | 0.17% |
1,976,100
+123,400
| +7% | +$29.2M |
|
88
CALL
IBM
IBM
$222B
| $474M | 0.16% |
3,547,614
+742,765
| +26% | +$104M |
|
89
CALL
Home Depot
HD
$335B
| $466M | 0.16% |
2,389,800
+68,300
| +3% | +$12.8M |
|
90
PUT
Mastercard
MA
$509B
| $457M | 0.16% |
2,317,100
-322,200
| -12% | -$60.6M |
|
|
91
CALL
Wells Fargo
WFC
$254B
| $454M | 0.16% |
8,189,500
-626,300
| -7% | -$33.6M |
|
92
PUT
Lam Research
LRCX
$393B
| $453M | 0.16% |
26,200,000
+8,691,000
| +50% | +$167M |
|
|
93
PUT
Home Depot
HD
$335B
| $451M | 0.15% |
2,311,600
+38,600
| +2% | +$7.21M |
|
94
Citigroup
C
$221B
| $447M | 0.15% |
6,681,706
+5,280,311
| +377% | +$364M |
|
|
VXX
95
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $446M | 0.15% |
12,054,800
-6,209,200
| -34% | -$240M |
|
96
Gilead Sciences
GILD
$181B
| $439M | 0.15% |
6,195,399
+1,713,539
| +38% | +$121M |
|
97
PUT
Caterpillar
CAT
$381B
| $439M | 0.15% |
3,232,500
+277,700
| +9% | +$41.5M |
|
98
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $437M | 0.15% |
8,508,400
+5,291,800
| +165% | +$276M |
|
99
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $433M | 0.15% |
1,783,100
-1,857,300
| -51% | -$456M |
|
|
AGN
100
PUT
DELISTED
Allergan plc
AGN
| $428M | 0.15% |
2,565,700
-610,900
| -19% | -$98.1M |
|
Similar funds
Jeff Yass's Q2 2018 Portfolio in Review
As of Q2 2018, Jeff Yass held 11,136 positions worth $291B, up 3.8% from $281B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass's Q2 2018 filing shows 1,911 new, 3,840 increased, 3,666 reduced and 1,619 closed positions. Its largest new stake was iShares Core MSCI EAFE ETF: 4,732,803 shares worth $300M. The largest sale was Meta Platforms (Facebook), an estimated $1.5B.
By sector, the portfolio is most concentrated in Technology at 1.9% of assets, up from 1.8% a quarter earlier, followed by Financials and Communication Services.
- Jeff Yass's largest Q2 2018 buy was iShares Core MSCI EAFE ETF: 4,732,803 shares worth $300M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q2 2018, an estimated $696M increase.
- Jeff Yass's biggest Q2 2018 reduction was Meta Platforms (Facebook), cutting an estimated $1.5B.
- Jeff Yass fully exited iShares 0-1 Year Treasury Bond ETF in Q2 2018, selling an estimated $341M.
- Jeff Yass's ten largest holdings make up 26% of its $291B portfolio in Q2 2018.
- Jeff Yass opened 1,911 new positions and closed 1,619 in Q2 2018.
- Jeff Yass's portfolio value rose 3.8% quarter-over-quarter to $291B.
Based on Susquehanna International Group's 13F filing for Q2 2018, filed 14 Aug 2018.