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 | |
|---|---|---|---|---|---|---|
1201
PUT
ProShares UltraPro Short S&P 500
SPXU
$395M
| $19.5M | 0.01% |
6,198
-1,273
| -17% | -$4.61M |
|
1202
CALL
Equifax
EFX
$22.9B
| $19.5M | 0.01% |
164,400
+18,500
| +13% | +$1.97M |
|
1203
CALL
Tenet Healthcare
THC
$22.4B
| $19.5M | 0.01% |
674,700
-118,100
| -15% | -$2.92M |
|
|
GBT
1204
PUT
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $19.4M | 0.01% |
366,600
+235,800
| +180% | +$11.6M |
|
|
SFIX
1205
CALL
Stitch Fix
SFIX
$439M
| $19.4M | 0.01% |
686,300
+241,400
| +54% | +$5.99M |
|
1206
PUT
Veeva Systems
VEEV
$40.4B
| $19.4M | 0.01% |
152,700
-41,500
| -21% | -$4.68M |
|
1207
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $19.3M | 0.01% |
+10,332
| New | +$22.8M |
|
1208
PUT
S&P Global
SPGI
$128B
| $19.3M | 0.01% |
91,800
+29,700
| +48% | +$5.75M |
|
1209
CALL
Tractor Supply
TSCO
$18.7B
| $19.3M | 0.01% |
988,500
+338,000
| +52% | +$6.15M |
|
1210
PUT
Lumentum
LITE
$74.5B
| $19.3M | 0.01% |
341,800
-114,700
| -25% | -$5.5M |
|
1211
PUT
Masco
MAS
$14.4B
| $19.3M | 0.01% |
490,700
+8,100
| +2% | +$289K |
|
1212
CALL
Edison International
EIX
$28.5B
| $19.3M | 0.01% |
311,500
+200
| +0.1% | +$11.9K |
|
1213
PUT
Tandem Diabetes Care
TNDM
$1.55B
| $19.3M | 0.01% |
303,500
+76,600
| +34% | +$4.02M |
|
1214
CALL
Bath & Body Works
BBWI
$3.86B
| $19.3M | 0.01% |
864,168
-54,799
| -6% | -$1.2M |
|
1215
PUT
XPO
XPO
$22.5B
| $19.3M | 0.01% |
1,036,276
-417,517
| -29% | -$8.01M |
|
1216
PUT
ProShares Ultra QQQ
QLD
$13.6B
| $19.3M | 0.01% |
1,712,800
+1,003,200
| +141% | +$10.1M |
|
|
WUBA
1217
PUT
DELISTED
58.com Inc
WUBA
| $19.2M | 0.01% |
292,800
+9,500
| +3% | +$598K |
|
|
VMW
1218
DELISTED
VMware, Inc
VMW
| $19.2M | 0.01% |
+106,458
| New | +$17.3M |
|
1219
CALL
GameStop
GME
$8.09B
| $19.2M | 0.01% |
7,562,400
+1,224,400
| +19% | +$3.8M |
|
1220
CALL
Sempra
SRE
$55.3B
| $19.1M | 0.01% |
304,000
-3,200
| -1% | -$189K |
|
|
NVO
1221
CALL
Novo Nordisk
NVO
$207B
| $19.1M | 0.01% |
731,000
+210,600
| +40% | +$5.18M |
|
1222
CALL
iShares MSCI ACWI ETF
ACWI
$33.1B
| $19.1M | 0.01% |
264,800
+221,900
| +517% | +$15.4M |
|
1223
PUT
Direxion Daily Energy Bull 2X ETF
ERX
$260M
| $19.1M | 0.01% |
83,940
+22,340
| +36% | +$4.68M |
|
1224
CALL
State Street
STT
$52.4B
| $19.1M | 0.01% |
289,500
-255,000
| -47% | -$17.7M |
|
1225
PUT
Aflac
AFL
$59.3B
| $19M | 0.01% |
380,900
-219,800
| -37% | -$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.