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
|
+$1.58B |
| 2 |
Netflix
NFLX
|
+$496M |
| 3 |
Meta Platforms (Facebook)
META
|
+$275M |
| 4 |
Alibaba
BABA
|
+$215M |
| 5 |
UnitedHealth
UNH
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$926M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$682M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$556M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$246M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.18% |
| 2 | Technology | 2.09% |
| 3 | Communication Services | 1.44% |
| 4 | Financials | 1.21% |
| 5 | Healthcare | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
Intuitive Surgical
ISRG
$134B
| $481M | 0.16% |
2,673,900
-33,900
| -1% | -$5.86M |
|
102
PUT
ServiceNow
NOW
$133B
| $481M | 0.16% |
9,470,000
+2,837,000
| +43% | +$154M |
|
103
CALL
Adobe
ADBE
$109B
| $475M | 0.16% |
1,718,400
+406,600
| +31% | +$119M |
|
104
CALL
Chevron
CVX
$403B
| $473M | 0.16% |
3,984,400
+877,900
| +28% | +$107M |
|
105
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $463M | 0.16% |
305,003
+158,128
| +108% | +$252M |
|
106
CALL
Shopify
SHOP
$192B
| $463M | 0.16% |
14,864,000
+3,275,000
| +28% | +$112M |
|
107
Invesco QQQ Trust
QQQ
$486B
| $463M | 0.16% |
2,449,645
+492,416
| +25% | +$93.3M |
|
108
PUT
Bristol-Myers Squibb
BMY
$137B
| $461M | 0.15% |
9,094,600
+786,300
| +9% | +$37M |
|
109
VanEck Gold Miners ETF
GDX
$31.8B
| $440M | 0.15% |
16,476,305
+6,345,575
| +63% | +$177M |
|
110
CALL
Advanced Micro Devices
AMD
$773B
| $439M | 0.15% |
15,139,700
+2,336,700
| +18% | +$73.3M |
|
111
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $425M | 0.14% |
10,690,000
+1,904,000
| +22% | +$77.3M |
|
112
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $424M | 0.14% |
6,497,400
+161,300
| +3% | +$10.4M |
|
113
CALL
Coca-Cola
KO
$392B
| $423M | 0.14% |
7,776,700
-612,500
| -7% | -$32.8M |
|
|
114
CALL
UnitedHealth
UNH
$350B
| $419M | 0.14% |
1,929,700
-35,100
| -2% | -$8.47M |
|
115
CALL
ExxonMobil
XOM
$679B
| $415M | 0.14% |
5,883,500
+31,200
| +0.5% | +$2.26M |
|
116
PUT
Johnson & Johnson
JNJ
$651B
| $414M | 0.14% |
3,199,000
+284,200
| +10% | +$37.4M |
|
|
117
CALL
ServiceNow
NOW
$133B
| $413M | 0.14% |
8,136,500
+2,208,500
| +37% | +$120M |
|
|
118
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $408M | 0.14% |
14,863,900
+4,060,200
| +38% | +$114M |
|
119
CALL
Mercado Libre
MELI
$97.5B
| $405M | 0.14% |
735,100
+219,100
| +42% | +$133M |
|
120
CALL
Mastercard
MA
$509B
| $396M | 0.13% |
1,457,400
+261,800
| +22% | +$72.1M |
|
121
PUT
Target
TGT
$75.1B
| $395M | 0.13% |
3,692,500
+1,399,800
| +61% | +$133M |
|
|
122
CALL
Bristol-Myers Squibb
BMY
$137B
| $394M | 0.13% |
7,772,500
+3,475,500
| +81% | +$163M |
|
123
PUT
IBM
IBM
$222B
| $394M | 0.13% |
2,831,940
-268,195
| -9% | -$36.2M |
|
124
CALL
Wells Fargo
WFC
$254B
| $394M | 0.13% |
7,760,400
+3,431,700
| +79% | +$162M |
|
125
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $390M | 0.13% |
9,267,000
-594,800
| -6% | -$25.7M |
|
Similar funds
Jeff Yass's Q3 2019 Portfolio in Review
As of Q3 2019, Jeff Yass held 11,380 positions worth $298B, up 8.4% from $275B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $26.9B of net new capital in Q3 2019, opening 1,223 new positions and adding to 4,885 existing holdings. Its largest new stake was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $926M trimmed.
- Jeff Yass's largest Q3 2019 buy was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
- Jeff Yass added most to Amazon in Q3 2019, an estimated $1.58B increase.
- Jeff Yass's biggest Q3 2019 reduction was Alphabet (Google) Class A, cutting an estimated $926M.
- Jeff Yass fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $179M.
- Jeff Yass's ten largest holdings make up 24% of its $298B portfolio in Q3 2019.
- Jeff Yass opened 1,223 new positions and closed 1,294 in Q3 2019.
- Jeff Yass's portfolio value rose 8.4% quarter-over-quarter to $298B.
Based on Susquehanna International Group's 13F filing for Q3 2019, filed 14 Nov 2019.