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 | |
|---|---|---|---|---|---|---|
1301
PUT
KKR & Co
KKR
$96.3B
| $16.7M | 0.01% |
710,000
-58,300
| -8% | -$1.33M |
|
|
HTZ
1302
CALL
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $16.7M | 0.01% |
1,104,845
-637,424
| -37% | -$9.27M |
|
1303
PUT
Travelers Companies
TRV
$77.3B
| $16.6M | 0.01% |
121,300
-101,900
| -46% | -$13M |
|
1304
PUT
Diageo
DEO
$53.4B
| $16.6M | 0.01% |
101,600
+38,900
| +62% | +$5.94M |
|
|
VIAB
1305
CALL
DELISTED
Viacom Inc. Class B
VIAB
| $16.6M | 0.01% |
590,600
+357,200
| +153% | +$10.3M |
|
1306
CALL
PVH
PVH
$3.55B
| $16.6M | 0.01% |
135,900
+78,700
| +138% | +$8.62M |
|
1307
PUT
Markel Group
MKL
$22.5B
| $16.5M | 0.01% |
16,600
+1,800
| +12% | +$1.83M |
|
1308
Southwest Airlines
LUV
$19.9B
| $16.5M | 0.01% |
+318,041
| New | +$16.8M |
|
|
DFS
1309
PUT
DELISTED
Discover Financial Services
DFS
| $16.5M | 0.01% |
232,000
-430,100
| -65% | -$29.4M |
|
1310
Cameco
CCJ
$44.5B
| $16.4M | 0.01% |
1,393,671
+454,858
| +48% | +$5.47M |
|
1311
CALL
T. Rowe Price
TROW
$24B
| $16.4M | 0.01% |
164,100
-22,300
| -12% | -$2.15M |
|
1312
CALL
iShares US Home Construction ETF
ITB
$2.28B
| $16.4M | 0.01% |
466,100
+250,000
| +116% | +$8.49M |
|
1313
PUT
Cooper Companies
COO
$14.8B
| $16.4M | 0.01% |
221,600
+203,200
| +1,104% | +$14.2M |
|
1314
State Street SPDR S&P Biotech ETF
XBI
$11.5B
| $16.4M | 0.01% |
181,145
-240,067
| -57% | -$20.4M |
|
|
TRTN
1315
CALL
DELISTED
Triton International Limited
TRTN
| $16.4M | 0.01% |
527,300
+181,300
| +52% | +$6.03M |
|
|
RDS.B
1316
PUT
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $16.4M | 0.01% |
256,300
+56,000
| +28% | +$3.54M |
|
1317
Newmont
NEM
$139B
| $16.4M | 0.01% |
458,174
+322,087
| +237% | +$10.9M |
|
1318
Restaurant Brands International
QSR
$28.4B
| $16.4M | 0.01% |
251,459
-5,585
| -2% | -$343K |
|
1319
CALL
Raymond James Financial
RJF
$34B
| $16.4M | 0.01% |
305,400
+176,550
| +137% | +$9.45M |
|
|
MRO
1320
PUT
DELISTED
Marathon Oil Corporation
MRO
| $16.3M | 0.01% |
977,600
-409,600
| -30% | -$6.69M |
|
1321
PUT
Cardinal Health
CAH
$54B
| $16.3M | 0.01% |
338,600
-152,100
| -31% | -$7.62M |
|
1322
CALL
TotalEnergies
TTE
$198B
| $16.3M | 0.01% |
292,800
-344,300
| -54% | -$19.2M |
|
|
ETFC
1323
PUT
DELISTED
E*Trade Financial Corporation
ETFC
| $16.3M | 0.01% |
350,900
-701,300
| -67% | -$33.4M |
|
1324
CALL
Abercrombie & Fitch
ANF
$4.99B
| $16.3M | 0.01% |
594,300
+21,500
| +4% | +$482K |
|
1325
CALL
NovoCure
NVCR
$1.95B
| $16.3M | 0.01% |
338,100
-91,700
| -21% | -$4.41M |
|
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.