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 | |
|---|---|---|---|---|---|---|
1126
PUT
Madison Square Garden
MSGS
$9.69B
| $21.7M | 0.01% |
103,748
+22,292
| +27% | +$4.53M |
|
1127
CALL
ProShares UltraPro Short S&P 500
SPXU
$395M
| $21.7M | 0.01% |
6,877
-20,131
| -75% | -$72.9M |
|
1128
CALL
Under Armour
UAA
$2.31B
| $21.7M | 0.01% |
1,025,700
-906,700
| -47% | -$19M |
|
1129
PUT
Vanguard Real Estate ETF
VNQ
$39.3B
| $21.7M | 0.01% |
249,400
-325,500
| -57% | -$26.9M |
|
|
CRC
1130
PUT
DELISTED
California Resources Corporation
CRC
| $21.7M | 0.01% |
843,000
-386,200
| -31% | -$8.37M |
|
1131
PUT
Hilton Worldwide
HLT
$74.3B
| $21.7M | 0.01% |
260,700
-119,300
| -31% | -$9.34M |
|
1132
PUT
WisdomTree India Earnings Fund ETF
EPI
$2.02B
| $21.6M | 0.01% |
819,800
-479,500
| -37% | -$11.8M |
|
1133
PUT
LendingTree
TREE
$435M
| $21.6M | 0.01% |
61,300
+20,400
| +50% | +$6.16M |
|
|
CLVS
1134
PUT
DELISTED
Clovis Oncology, Inc.
CLVS
| $21.5M | 0.01% |
867,400
+23,200
| +3% | +$582K |
|
1135
PUT
State Street
STT
$52.4B
| $21.5M | 0.01% |
326,800
+13,500
| +4% | +$936K |
|
|
SIVB
1136
PUT
DELISTED
SVB Financial Group
SIVB
| $21.5M | 0.01% |
96,700
+2,300
| +2% | +$536K |
|
1137
PUT
BHP
BHP
$247B
| $21.5M | 0.01% |
440,665
-298,859
| -40% | -$13.6M |
|
1138
PUT
Itaú Unibanco
ITUB
$82.9B
| $21.5M | 0.01% |
3,350,752
-4,528,826
| -57% | -$32M |
|
1139
CALL
Murphy Oil
MUR
$5.16B
| $21.5M | 0.01% |
732,900
+284,900
| +64% | +$8.08M |
|
|
OPLN
1140
CALL
Openlane
OPLN
$4.16B
| $21.4M | 0.01% |
1,104,356
+870,803
| +373% | +$16.4M |
|
1141
PUT
Parker-Hannifin
PH
$128B
| $21.4M | 0.01% |
124,900
-38,600
| -24% | -$6.4M |
|
1142
CALL
Molina Healthcare
MOH
$10.4B
| $21.4M | 0.01% |
150,600
+131,300
| +680% | +$17.8M |
|
1143
CALL
Zillow
Z
$8.33B
| $21.4M | 0.01% |
615,200
| – | – |
|
1144
PUT
Lamb Weston
LW
$7.53B
| $21.3M | 0.01% |
284,500
+228,300
| +406% | +$16.2M |
|
1145
CALL
Capri Holdings
CPRI
$1.55B
| $21.2M | 0.01% |
464,400
+72,300
| +18% | +$3.16M |
|
|
AIG.WS
1146
DELISTED
American International Group, Inc.
AIG.WS
| $21.2M | 0.01% |
3,776,793
-134,045
| -3% | -$874K |
|
1147
PUT
RingCentral
RNG
$5.6B
| $21.1M | 0.01% |
196,000
+98,200
| +100% | +$9.65M |
|
1148
PUT
GameStop
GME
$8.09B
| $21.1M | 0.01% |
8,314,400
+645,600
| +8% | +$2.01M |
|
|
ZGNX
1149
CALL
DELISTED
Zogenix, Inc.
ZGNX
| $21.1M | 0.01% |
383,100
+250,800
| +190% | +$11.9M |
|
1150
CALL
NetApp
NTAP
$36.7B
| $21.1M | 0.01% |
303,900
+163,700
| +117% | +$10.6M |
|
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.