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 | |
|---|---|---|---|---|---|---|
1051
CALL
Ciena
CIEN
$52.7B
| $23.9M | 0.01% |
640,600
+55,600
| +10% | +$2.16M |
|
|
ZEN
1052
CALL
DELISTED
ZENDESK INC
ZEN
| $23.8M | 0.01% |
280,300
+146,800
| +110% | +$10.8M |
|
1053
CALL
WisdomTree Japan Hedged Equity Fund
DXJ
$7.22B
| $23.7M | 0.01% |
468,700
+53,900
| +13% | +$2.69M |
|
1054
PUT
Carvana
CVNA
$79.5B
| $23.7M | 0.01% |
2,042,500
+193,500
| +10% | +$1.63M |
|
1055
PUT
iShares Silver Trust
SLV
$33.5B
| $23.7M | 0.01% |
1,670,200
+1,156,300
| +225% | +$16.9M |
|
1056
CALL
StoneCo
STNE
$2.2B
| $23.6M | 0.01% |
+574,500
| New | +$15.6M |
|
1057
PUT
Cboe Global Markets
CBOE
$32.2B
| $23.6M | 0.01% |
247,100
-350,100
| -59% | -$33.2M |
|
1058
PUT
Restaurant Brands International
QSR
$28.4B
| $23.6M | 0.01% |
362,100
+47,100
| +15% | +$2.89M |
|
1059
PUT
Vail Resorts
MTN
$5.35B
| $23.6M | 0.01% |
108,400
+17,800
| +20% | +$3.64M |
|
1060
PUT
Bread Financial
BFH
$4.04B
| $23.5M | 0.01% |
168,403
+80,944
| +93% | +$11M |
|
1061
PUT
Ventas
VTR
$47.9B
| $23.5M | 0.01% |
368,400
+10,800
| +3% | +$675K |
|
1062
Lennar Class A
LEN
$21.2B
| $23.5M | 0.01% |
494,157
+121,756
| +33% | +$5.51M |
|
|
CELG
1063
DELISTED
Celgene Corp
CELG
| $23.5M | 0.01% |
248,793
-2,100,318
| -89% | -$184M |
|
1064
PUT
T. Rowe Price
TROW
$24B
| $23.5M | 0.01% |
234,300
-26,500
| -10% | -$2.56M |
|
|
GBT
1065
CALL
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $23.4M | 0.01% |
442,600
+68,900
| +18% | +$3.39M |
|
|
LHCG
1066
CALL
DELISTED
LHC Group LLC
LHCG
| $23.4M | 0.01% |
211,200
+73,300
| +53% | +$7.82M |
|
1067
CALL
Trane Technologies
TT
$99.7B
| $23.4M | 0.01% |
216,700
+55,100
| +34% | +$5.58M |
|
1068
PUT
McCormick & Company Non-Voting
MKC
$15.1B
| $23.3M | 0.01% |
309,800
+281,600
| +999% | +$19M |
|
|
IMMU
1069
CALL
DELISTED
Immunomedics Inc
IMMU
| $23.3M | 0.01% |
1,213,500
-244,700
| -17% | -$3.94M |
|
1070
CALL
The Mosaic Company
MOS
$7.63B
| $23.3M | 0.01% |
852,700
-503,100
| -37% | -$15.3M |
|
1071
PUT
Campbell Soup
CPB
$7.2B
| $23.3M | 0.01% |
610,400
-222,200
| -27% | -$7.84M |
|
1072
CALL
PPG Industries
PPG
$25.2B
| $23.3M | 0.01% |
206,100
-27,300
| -12% | -$2.93M |
|
|
AMTD
1073
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
| $23.3M | 0.01% |
465,200
-69,800
| -13% | -$3.78M |
|
|
STMP
1074
DELISTED
Stamps.com, Inc.
STMP
| $23.2M | 0.01% |
+285,166
| New | +$40.1M |
|
1075
United Rentals
URI
$67.4B
| $23.2M | 0.01% |
203,027
-111,871
| -36% | -$13.8M |
|
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.