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
|
+$4.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.18B |
| 3 |
Apple
AAPL
|
+$836M |
| 4 |
Alibaba
BABA
|
+$807M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$566M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$429M |
| 2 |
Boeing
BA
|
+$402M |
| 3 |
Coty
COTY
|
+$284M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$104M |
| 5 |
Qualcomm
QCOM
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Communication Services | 1.72% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Goldman Sachs
GS
$303B
| $513M | 0.19% |
2,506,300
-92,600
| -4% | -$18.3M |
|
77
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $512M | 0.19% |
11,718,700
+557,000
| +5% | +$23M |
|
78
CALL
United Parcel Service
UPS
$86.8B
| $506M | 0.18% |
4,904,200
-308,600
| -6% | -$32.1M |
|
79
PUT
Shopify
SHOP
$192B
| $502M | 0.18% |
16,721,000
+8,148,000
| +95% | +$212M |
|
80
iShares Russell 2000 ETF
IWM
$81.9B
| $495M | 0.18% |
+3,182,449
| New | +$491M |
|
81
CALL
Home Depot
HD
$335B
| $492M | 0.18% |
2,364,300
+363,600
| +18% | +$72.5M |
|
82
PUT
Morgan Stanley
MS
$336B
| $486M | 0.18% |
11,094,000
+2,316,400
| +26% | +$103M |
|
83
PUT
Micron Technology
MU
$1.09T
| $485M | 0.18% |
12,555,400
-3,281,800
| -21% | -$125M |
|
84
CALL
UnitedHealth
UNH
$350B
| $479M | 0.17% |
1,964,800
+430,000
| +28% | +$103M |
|
85
PUT
Intuitive Surgical
ISRG
$134B
| $473M | 0.17% |
2,707,800
+453,300
| +20% | +$77.7M |
|
86
PUT
CVS Health
CVS
$119B
| $454M | 0.16% |
8,327,000
+1,491,900
| +22% | +$80.3M |
|
|
87
Alphabet (Google) Class C
GOOG
$4.18T
| $453M | 0.16% |
8,381,900
+8,210,000
| +4,776% | +$474M |
|
88
CALL
ExxonMobil
XOM
$679B
| $448M | 0.16% |
5,852,300
-871,000
| -13% | -$67.4M |
|
89
PUT
Adobe
ADBE
$109B
| $447M | 0.16% |
1,516,300
-702,100
| -32% | -$195M |
|
90
CALL
Walmart Inc
WMT
$825B
| $446M | 0.16% |
12,119,700
+5,163,000
| +74% | +$178M |
|
91
CALL
Verizon
VZ
$205B
| $435M | 0.16% |
7,621,800
+276,800
| +4% | +$15.9M |
|
92
CALL
Beyond Meat
BYND
$254M
| $434M | 0.16% |
+90,027
| New | +$301M |
|
|
93
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $431M | 0.16% |
9,861,800
-1,962,300
| -17% | -$81M |
|
94
PUT
Broadcom
AVGO
$1.75T
| $428M | 0.16% |
14,884,000
+1,346,000
| +10% | +$39.2M |
|
95
CALL
Coca-Cola
KO
$392B
| $427M | 0.16% |
8,389,200
+1,320,300
| +19% | +$64.7M |
|
96
Salesforce
CRM
$171B
| $419M | 0.15% |
2,762,989
+1,812,803
| +191% | +$284M |
|
97
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $416M | 0.15% |
6,336,100
+1,704,000
| +37% | +$112M |
|
98
CALL
Intel
INTC
$476B
| $416M | 0.15% |
8,691,000
-1,535,000
| -15% | -$76.1M |
|
|
99
PUT
UnitedHealth
UNH
$350B
| $414M | 0.15% |
1,697,900
+132,800
| +8% | +$31.9M |
|
100
CALL
Johnson & Johnson
JNJ
$651B
| $409M | 0.15% |
2,939,900
-199,000
| -6% | -$27.5M |
|
Similar funds
Jeff Yass's Q2 2019 Portfolio in Review
As of Q2 2019, Jeff Yass held 11,369 positions worth $275B, up 13% from $243B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $25.4B of net new capital in Q2 2019, opening 2,651 new positions and adding to 3,766 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $429M trimmed.
- Jeff Yass's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
- Jeff Yass added most to Alphabet (Google) Class A in Q2 2019, an estimated $1.18B increase.
- Jeff Yass's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $429M.
- Jeff Yass fully exited Goldcorp Inc in Q2 2019, selling an estimated $26.4M.
- Jeff Yass's ten largest holdings make up 24% of its $275B portfolio in Q2 2019.
- Jeff Yass opened 2,651 new positions and closed 1,221 in Q2 2019.
- Jeff Yass's portfolio value rose 13% quarter-over-quarter to $275B.
Based on Susquehanna International Group's 13F filing for Q2 2019, filed 14 Aug 2019.