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 |
Amazon
AMZN
|
+$1.58B |
| 2 |
Netflix
NFLX
|
+$496M |
| 3 |
Meta Platforms (Facebook)
META
|
+$275M |
| 4 |
Alibaba
BABA
|
+$215M |
| 5 |
UnitedHealth
UNH
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$926M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$682M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$556M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$246M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.18% |
| 2 | Technology | 2.09% |
| 3 | Communication Services | 1.44% |
| 4 | Financials | 1.21% |
| 5 | Healthcare | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Costco
COST
$420B
| $594M | 0.2% |
2,060,300
+603,500
| +41% | +$170M |
|
77
CALL
Beyond Meat
BYND
$254M
| $591M | 0.2% |
132,573
+42,546
| +47% | +$210M |
|
78
PUT
SPDR Gold Trust
GLD
$152B
| $585M | 0.2% |
4,209,900
+1,253,900
| +42% | +$174M |
|
79
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $583M | 0.2% |
14,274,900
-1,444,000
| -9% | -$59.6M |
|
80
PUT
AT&T
T
$173B
| $577M | 0.19% |
20,189,014
+4,899,462
| +32% | +$130M |
|
81
CALL
Citigroup
C
$221B
| $577M | 0.19% |
8,346,200
-443,000
| -5% | -$30.1M |
|
82
PUT
Vanguard Real Estate ETF
VNQ
$39.1B
| $575M | 0.19% |
6,171,300
+5,788,000
| +1,510% | +$525M |
|
83
CALL
JPMorgan Chase
JPM
$935B
| $573M | 0.19% |
4,864,500
-2,618,600
| -35% | -$296M |
|
84
PUT
Roku
ROKU
$23.4B
| $548M | 0.18% |
5,386,800
+3,081,800
| +134% | +$377M |
|
85
Salesforce
CRM
$171B
| $547M | 0.18% |
3,687,629
+924,640
| +33% | +$141M |
|
86
Bank of America
BAC
$431B
| $546M | 0.18% |
18,730,254
-464,170
| -2% | -$13.3M |
|
87
PUT
Home Depot
HD
$335B
| $544M | 0.18% |
2,343,100
+1,194,200
| +104% | +$261M |
|
88
CALL
Intel
INTC
$476B
| $543M | 0.18% |
10,543,700
+1,852,700
| +21% | +$91.1M |
|
|
89
Meta Platforms (Facebook)
META
$1.4T
| $542M | 0.18% |
3,045,561
+1,449,166
| +91% | +$275M |
|
90
PUT
Micron Technology
MU
$1.09T
| $540M | 0.18% |
12,601,000
+45,600
| +0.4% | +$2.06M |
|
91
Mercado Libre
MELI
$97.5B
| $527M | 0.18% |
956,133
-198,418
| -17% | -$120M |
|
92
PUT
AutoZone
AZO
$48.3B
| $524M | 0.18% |
482,800
+228,600
| +90% | +$256M |
|
|
93
PUT
Intel
INTC
$476B
| $524M | 0.18% |
10,162,100
+2,679,600
| +36% | +$132M |
|
94
Walt Disney
DIS
$186B
| $509M | 0.17% |
3,904,902
+182,173
| +5% | +$25.2M |
|
95
Boeing
BA
$169B
| $495M | 0.17% |
1,300,998
-499,373
| -28% | -$179M |
|
96
PUT
Goldman Sachs
GS
$303B
| $492M | 0.17% |
2,375,700
-130,600
| -5% | -$27.3M |
|
97
PUT
Morgan Stanley
MS
$336B
| $489M | 0.16% |
11,464,800
+370,800
| +3% | +$15.8M |
|
98
CALL
Walmart Inc
WMT
$825B
| $486M | 0.16% |
12,293,700
+174,000
| +1% | +$6.57M |
|
99
PUT
PayPal
PYPL
$52.7B
| $485M | 0.16% |
4,686,000
+2,610,100
| +126% | +$288M |
|
100
Wells Fargo
WFC
$254B
| $482M | 0.16% |
9,560,809
-2,069,002
| -18% | -$97.5M |
|
Similar funds
Jeff Yass's Q3 2019 Portfolio in Review
As of Q3 2019, Jeff Yass held 11,380 positions worth $298B, up 8.4% from $275B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $26.9B of net new capital in Q3 2019, opening 1,223 new positions and adding to 4,885 existing holdings. Its largest new stake was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $926M trimmed.
- Jeff Yass's largest Q3 2019 buy was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
- Jeff Yass added most to Amazon in Q3 2019, an estimated $1.58B increase.
- Jeff Yass's biggest Q3 2019 reduction was Alphabet (Google) Class A, cutting an estimated $926M.
- Jeff Yass fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $179M.
- Jeff Yass's ten largest holdings make up 24% of its $298B portfolio in Q3 2019.
- Jeff Yass opened 1,223 new positions and closed 1,294 in Q3 2019.
- Jeff Yass's portfolio value rose 8.4% quarter-over-quarter to $298B.
Based on Susquehanna International Group's 13F filing for Q3 2019, filed 14 Nov 2019.