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 | |
|---|---|---|---|---|---|---|
1226
CALL
Tyson Foods
TSN
$20.4B
| $19M | 0.01% |
274,300
+105,600
| +63% | +$6.54M |
|
|
CGC
1227
Canopy Growth
CGC
$472M
| $19M | 0.01% |
43,847
+23,630
| +117% | +$10.4M |
|
1228
PUT
NRG Energy
NRG
$23.5B
| $19M | 0.01% |
447,400
+162,500
| +57% | +$6.73M |
|
|
CMA
1229
DELISTED
Comerica
CMA
| $19M | 0.01% |
258,886
+52,743
| +26% | +$4.23M |
|
1230
PUT
Mettler-Toledo International
MTD
$28B
| $18.9M | 0.01% |
26,200
+100
| +0.4% | +$65K |
|
1231
PUT
Thermo Fisher Scientific
TMO
$232B
| $18.9M | 0.01% |
69,200
-140,000
| -67% | -$34.8M |
|
1232
PUT
DaVita
DVA
$11.3B
| $18.9M | 0.01% |
348,500
+167,800
| +93% | +$9.29M |
|
1233
PUT
Alnylam Pharmaceuticals
ALNY
$31.6B
| $18.9M | 0.01% |
202,200
-112,500
| -36% | -$9.41M |
|
1234
PUT
British American Tobacco
BTI
$122B
| $18.9M | 0.01% |
452,900
+177,300
| +64% | +$6.45M |
|
1235
SPDR Gold Trust
GLD
$155B
| $18.9M | 0.01% |
+154,634
| New | +$19M |
|
|
DISH
1236
CALL
DELISTED
DISH Network Corp.
DISH
| $18.8M | 0.01% |
591,700
-99,700
| -14% | -$3.05M |
|
1237
CALL
Canadian Imperial Bank of Commerce
CM
$105B
| $18.7M | 0.01% |
474,200
-56,400
| -11% | -$2.34M |
|
|
1238
CALL
British American Tobacco
BTI
$122B
| $18.7M | 0.01% |
449,000
+406,200
| +949% | +$14.8M |
|
|
NXH
1239
PUT
Neighborhood Intelligence Inc
NXH
$372M
| $18.7M | 0.01% |
1,499,904
+11,846
| +0.8% | +$162K |
|
1240
PUT
Analog Devices
ADI
$180B
| $18.7M | 0.01% |
177,700
+4,600
| +3% | +$462K |
|
1241
Equifax
EFX
$22.9B
| $18.7M | 0.01% |
157,472
+15,809
| +11% | +$1.69M |
|
|
GRUB
1242
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $18.6M | 0.01% |
134,230
+30,590
| +30% | +$4.74M |
|
|
MRSH
1243
CALL
Marsh
MRSH
$92.9B
| $18.6M | 0.01% |
198,200
+62,800
| +46% | +$5.55M |
|
1244
CALL
Deutsche Bank
DB
$72.2B
| $18.6M | 0.01% |
2,287,800
+487,300
| +27% | +$4.27M |
|
|
GRMN
1245
CALL
Garmin
GRMN
$56.2B
| $18.5M | 0.01% |
213,900
-18,800
| -8% | -$1.42M |
|
|
MOMO
1246
PUT
Hello Group
MOMO
$841M
| $18.4M | 0.01% |
482,400
+27,100
| +6% | +$866K |
|
1247
PUT
Exelixis
EXEL
$13.5B
| $18.4M | 0.01% |
775,000
+22,700
| +3% | +$518K |
|
1248
PUT
Takeda Pharmaceutical
TAK
$58.2B
| $18.4M | 0.01% |
905,000
+876,000
| +3,021% | +$17.6M |
|
1249
Blackrock
BLK
$182B
| $18.4M | 0.01% |
43,128
+18,309
| +74% | +$7.68M |
|
1250
CALL
Targa Resources
TRGP
$63.1B
| $18.4M | 0.01% |
443,500
-71,400
| -14% | -$2.99M |
|
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.