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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.18B |
| 3 |
Apple
AAPL
|
+$836M |
| 4 |
Alibaba
BABA
|
+$807M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$566M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$429M |
| 2 |
Boeing
BA
|
+$402M |
| 3 |
Coty
COTY
|
+$284M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$104M |
| 5 |
Qualcomm
QCOM
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Communication Services | 1.72% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
IBM
IBM
$222B
| $409M | 0.15% |
3,100,135
-124,578
| -4% | -$16.4M |
|
102
PUT
United States Oil Fund
USO
$2.24B
| $407M | 0.15% |
4,222,350
+1,665,525
| +65% | +$166M |
|
103
PUT
Johnson & Johnson
JNJ
$651B
| $406M | 0.15% |
2,914,800
+136,800
| +5% | +$18.9M |
|
104
PUT
Beyond Meat
BYND
$254M
| $405M | 0.15% |
+84,110
| New | +$282M |
|
105
PUT
Visa
V
$693B
| $400M | 0.15% |
2,304,700
+310,300
| +16% | +$50.8M |
|
106
CALL
Cisco
CSCO
$438B
| $400M | 0.15% |
7,304,100
-1,216,800
| -14% | -$67.2M |
|
|
AGN
107
PUT
DELISTED
Allergan plc
AGN
| $400M | 0.15% |
2,386,900
+725,400
| +44% | +$100M |
|
108
PUT
SPDR Gold Trust
GLD
$152B
| $394M | 0.14% |
2,956,000
+1,241,800
| +72% | +$153M |
|
109
CALL
Advanced Micro Devices
AMD
$773B
| $389M | 0.14% |
12,803,000
+66,000
| +0.5% | +$1.88M |
|
110
PUT
AT&T
T
$173B
| $387M | 0.14% |
15,289,552
+745,015
| +5% | +$17.9M |
|
111
PUT
Costco
COST
$420B
| $387M | 0.14% |
1,456,800
+264,500
| +22% | +$65.9M |
|
112
CALL
Chevron
CVX
$403B
| $387M | 0.14% |
3,106,500
-178,000
| -5% | -$21.5M |
|
113
CALL
Adobe
ADBE
$109B
| $387M | 0.14% |
1,311,800
+8,400
| +0.6% | +$2.33M |
|
114
PUT
Bristol-Myers Squibb
BMY
$137B
| $377M | 0.14% |
8,308,300
-4,166,900
| -33% | -$194M |
|
115
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $376M | 0.14% |
8,786,000
+469,800
| +6% | +$20.1M |
|
116
CALL
PayPal
PYPL
$52.7B
| $375M | 0.14% |
3,279,400
+537,200
| +20% | +$59.5M |
|
117
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $373M | 0.14% |
6,774,200
+1,903,600
| +39% | +$104M |
|
118
PUT
Amgen
AMGN
$238B
| $369M | 0.13% |
2,000,100
-164,700
| -8% | -$29.5M |
|
119
CALL
PepsiCo
PEP
$196B
| $366M | 0.13% |
2,788,700
+526,100
| +23% | +$67.4M |
|
120
Invesco QQQ Trust
QQQ
$486B
| $365M | 0.13% |
+1,957,229
| New | +$360M |
|
121
CALL
Broadcom
AVGO
$1.75T
| $365M | 0.13% |
12,686,000
-485,000
| -4% | -$14.1M |
|
122
PUT
ServiceNow
NOW
$133B
| $364M | 0.13% |
6,633,000
+3,428,000
| +107% | +$180M |
|
123
PUT
Baidu
BIDU
$31.6B
| $361M | 0.13% |
3,074,600
+583,700
| +23% | +$83.1M |
|
124
PUT
Intel
INTC
$476B
| $358M | 0.13% |
7,482,500
+37,100
| +0.5% | +$1.84M |
|
|
XYZ
125
CALL
Block Inc
XYZ
$49.4B
| $350M | 0.13% |
4,826,000
+878,300
| +22% | +$61.4M |
|
Similar funds
Jeff Yass's Q2 2019 Portfolio in Review
As of Q2 2019, Jeff Yass held 11,369 positions worth $275B, up 13% from $243B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $25.4B of net new capital in Q2 2019, opening 2,651 new positions and adding to 3,766 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $429M trimmed.
- Jeff Yass's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
- Jeff Yass added most to Alphabet (Google) Class A in Q2 2019, an estimated $1.18B increase.
- Jeff Yass's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $429M.
- Jeff Yass fully exited Goldcorp Inc in Q2 2019, selling an estimated $26.4M.
- Jeff Yass's ten largest holdings make up 24% of its $275B portfolio in Q2 2019.
- Jeff Yass opened 2,651 new positions and closed 1,221 in Q2 2019.
- Jeff Yass's portfolio value rose 13% quarter-over-quarter to $275B.
Based on Susquehanna International Group's 13F filing for Q2 2019, filed 14 Aug 2019.