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 | |
|---|---|---|---|---|---|---|
1076
CALL
ProShares Ultra S&P500
SSO
$8.36B
| $23.2M | 0.01% |
1,573,600
-1,314,400
| -46% | -$17.9M |
|
1077
PUT
Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC
$163M
| $23.2M | 0.01% |
290,300
+184,300
| +174% | +$14.2M |
|
1078
PUT
Fortinet
FTNT
$112B
| $23.1M | 0.01% |
1,377,000
-202,500
| -13% | -$3.23M |
|
|
RSX
1079
PUT
DELISTED
VanEck Russia ETF
RSX
| $23.1M | 0.01% |
1,119,500
-658,100
| -37% | -$13.5M |
|
1080
CALL
Akamai
AKAM
$15.2B
| $23.1M | 0.01% |
321,500
-298,300
| -48% | -$20.2M |
|
1081
CALL
Digital Realty Trust
DLR
$69.8B
| $23M | 0.01% |
193,600
+48,100
| +33% | +$5.37M |
|
1082
PUT
CF Industries
CF
$19.6B
| $23M | 0.01% |
562,800
-49,700
| -8% | -$2.11M |
|
1083
PUT
HCA Healthcare
HCA
$92.9B
| $23M | 0.01% |
176,400
-169,100
| -49% | -$22.7M |
|
|
CMA
1084
CALL
DELISTED
Comerica
CMA
| $23M | 0.01% |
313,300
+133,400
| +74% | +$10.7M |
|
1085
Under Armour Class C
UA
$2.25B
| $22.9M | 0.01% |
1,215,911
+527,564
| +77% | +$9.97M |
|
1086
CALL
Atlassian
TEAM
$43.4B
| $22.9M | 0.01% |
203,700
+61,900
| +44% | +$6.33M |
|
|
BZUN
1087
CALL
Baozun
BZUN
$164M
| $22.9M | 0.01% |
550,400
+159,700
| +41% | +$5.59M |
|
1088
PUT
Vornado Realty Trust
VNO
$7.26B
| $22.9M | 0.01% |
339,000
+82,000
| +32% | +$5.5M |
|
1089
United States Oil Fund
USO
$2.07B
| $22.8M | 0.01% |
228,465
-911,885
| -80% | -$84M |
|
1090
CALL
Lamb Weston
LW
$7.53B
| $22.8M | 0.01% |
304,800
+249,700
| +453% | +$17.7M |
|
1091
APA Corp
APA
$15.1B
| $22.8M | 0.01% |
658,034
-131,387
| -17% | -$4.28M |
|
1092
CALL
BlackBerry
BB
$4.48B
| $22.8M | 0.01% |
2,258,900
+622,300
| +38% | +$5.23M |
|
1093
Marvell Technology
MRVL
$206B
| $22.8M | 0.01% |
1,145,818
+227,354
| +25% | +$4.25M |
|
1094
CALL
Warner Bros
WBD
$72B
| $22.8M | 0.01% |
843,100
+479,000
| +132% | +$13.3M |
|
|
GOOS
1095
CALL
Canada Goose Holdings
GOOS
$809M
| $22.8M | 0.01% |
474,100
+93,400
| +25% | +$4.76M |
|
1096
CALL
iShares MSCI China ETF
MCHI
$6.22B
| $22.7M | 0.01% |
364,300
+352,600
| +3,014% | +$20.8M |
|
1097
PUT
Direxion Daily Technology Bull 3x ETF
TECL
$5.38B
| $22.7M | 0.01% |
1,640,000
+699,000
| +74% | +$7.82M |
|
1098
CALL
Hilton Worldwide
HLT
$74.3B
| $22.7M | 0.01% |
273,300
-52,000
| -16% | -$4.07M |
|
1099
PUT
Zebra Technologies
ZBRA
$17.2B
| $22.7M | 0.01% |
108,300
-10,300
| -9% | -$1.94M |
|
1100
CALL
Illinois Tool Works
ITW
$80.9B
| $22.7M | 0.01% |
158,000
+81,500
| +107% | +$11.3M |
|
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.