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
|
+$1.34B |
| 2 |
Meta Platforms (Facebook)
META
|
+$684M |
| 3 |
Tesla
TSLA
|
+$290M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$282M |
| 5 |
iShares MSCI Brazil ETF
EWZ
|
+$223M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$948M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$575M |
| 3 |
Walt Disney
DIS
|
+$382M |
| 4 |
Boeing
BA
|
+$335M |
| 5 |
Apple
AAPL
|
+$315M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 1.71% |
| 2 | Technology | 1.31% |
| 3 | Communication Services | 1.07% |
| 4 | Financials | 0.9% |
| 5 | Healthcare | 0.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
Costco
COST
$420B
| $413M | 0.14% |
1,758,000
+32,300
| +2% | +$7.28M |
|
|
102
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $411M | 0.14% |
12,189,400
+7,988,200
| +190% | +$269M |
|
103
PUT
Blackrock
BLK
$179B
| $406M | 0.13% |
860,600
+431,000
| +100% | +$210M |
|
104
PUT
Caterpillar
CAT
$381B
| $405M | 0.13% |
2,657,000
-575,500
| -18% | -$81.4M |
|
105
Wells Fargo
WFC
$254B
| $399M | 0.13% |
7,589,919
-1,321,470
| -15% | -$75.5M |
|
106
PUT
Mastercard
MA
$509B
| $398M | 0.13% |
1,786,500
-530,600
| -23% | -$111M |
|
107
CALL
Adobe
ADBE
$109B
| $397M | 0.13% |
1,470,500
-699,200
| -32% | -$180M |
|
108
CALL
Salesforce
CRM
$171B
| $396M | 0.13% |
2,491,500
-34,400
| -1% | -$5.1M |
|
109
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $396M | 0.13% |
3,912,900
+358,000
| +10% | +$36.5M |
|
|
110
Alphabet (Google) Class A
GOOGL
$4.22T
| $393M | 0.13% |
6,510,020
+4,665,240
| +253% | +$282M |
|
111
PUT
Broadcom
AVGO
$1.75T
| $389M | 0.13% |
15,784,000
+472,000
| +3% | +$10.6M |
|
|
VXX
112
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $389M | 0.13% |
14,602,000
-11,175,200
| -43% | -$336M |
|
113
JD.com
JD
$39.7B
| $387M | 0.13% |
14,841,348
+6,691,692
| +82% | +$219M |
|
|
AGN
114
PUT
DELISTED
Allergan plc
AGN
| $385M | 0.13% |
2,019,900
-545,800
| -21% | -$100M |
|
|
AGN
115
CALL
DELISTED
Allergan plc
AGN
| $384M | 0.13% |
2,015,200
+102,700
| +5% | +$18.9M |
|
116
CALL
3M
MMM
$92.3B
| $382M | 0.13% |
2,170,501
+1,366,430
| +170% | +$235M |
|
117
CALL
Verizon
VZ
$205B
| $379M | 0.12% |
7,093,600
-1,308,000
| -16% | -$69.2M |
|
118
CALL
UnitedHealth
UNH
$350B
| $379M | 0.12% |
1,423,300
+126,600
| +10% | +$32.9M |
|
119
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $376M | 0.12% |
5,530,800
+1,290,700
| +30% | +$87.2M |
|
120
CALL
Goldman Sachs
GS
$303B
| $372M | 0.12% |
1,657,800
+61,900
| +4% | +$14.4M |
|
|
CELG
121
PUT
DELISTED
Celgene Corp
CELG
| $371M | 0.12% |
4,142,500
-2,635,200
| -39% | -$233M |
|
|
122
Mastercard
MA
$509B
| $369M | 0.12% |
1,656,076
-211,316
| -11% | -$44.1M |
|
123
CALL
Coca-Cola
KO
$392B
| $364M | 0.12% |
7,885,600
+872,000
| +12% | +$39.8M |
|
124
CALL
Home Depot
HD
$335B
| $361M | 0.12% |
1,741,600
-648,200
| -27% | -$130M |
|
125
CALL
Intuitive Surgical
ISRG
$134B
| $360M | 0.12% |
1,882,200
-90,300
| -5% | -$16M |
|
Similar funds
Jeff Yass's Q3 2018 Portfolio in Review
As of Q3 2018, Jeff Yass held 11,024 positions worth $304B, up 4.3% from $291B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jeff Yass's Q3 2018 filing shows 1,516 new, 3,541 increased, 3,939 reduced and 1,939 closed positions. Its largest new stake was iShares Core US Aggregate Bond ETF: 1,853,766 shares worth $196M. The largest sale was Altaba Inc, an estimated $948M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 1.7% of assets, up from 0.99% a quarter earlier, followed by Technology and Communication Services.
- Jeff Yass's largest Q3 2018 buy was iShares Core US Aggregate Bond ETF: 1,853,766 shares worth $196M.
- Jeff Yass added most to Amazon in Q3 2018, an estimated $1.34B increase.
- Jeff Yass's biggest Q3 2018 reduction was Altaba Inc, cutting an estimated $948M.
- Jeff Yass fully exited iShares MSCI EAFE ETF in Q3 2018, selling an estimated $210M.
- Jeff Yass's ten largest holdings make up 27% of its $304B portfolio in Q3 2018.
- Jeff Yass opened 1,516 new positions and closed 1,939 in Q3 2018.
- Jeff Yass's portfolio value rose 4.3% quarter-over-quarter to $304B.
Based on Susquehanna International Group's 13F filing for Q3 2018, filed 14 Nov 2018.