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 | |
|---|---|---|---|---|---|---|
1426
PUT
Guardant Health
GH
$22.3B
| $14.4M | 0.01% |
+187,700
| New | +$10.4M |
|
1427
PUT
Fastenal
FAST
$58.2B
| $14.4M | 0.01% |
894,800
-623,600
| -41% | -$9.38M |
|
1428
CALL
Toll Brothers
TOL
$13.7B
| $14.4M | 0.01% |
397,400
+45,100
| +13% | +$1.62M |
|
1429
PUT
Wheaton Precious Metals
WPM
$73.1B
| $14.4M | 0.01% |
603,400
-578,100
| -49% | -$12.3M |
|
1430
Gen Digital
GEN
$17.1B
| $14.4M | 0.01% |
625,079
-1,985,309
| -76% | -$43.2M |
|
1431
PUT
TAL Education Group
TAL
$6.37B
| $14.4M | 0.01% |
398,000
-293,100
| -42% | -$9.51M |
|
1432
PUT
Yum! Brands
YUM
$42.7B
| $14.4M | 0.01% |
143,800
-168,400
| -54% | -$15.9M |
|
|
HES
1433
DELISTED
Hess
HES
| $14.3M | 0.01% |
+237,083
| New | +$13M |
|
1434
Dropbox
DBX
$7.51B
| $14.3M | 0.01% |
654,813
-368,796
| -36% | -$8.59M |
|
1435
CALL
iShares Russell 1000 Growth ETF
IWF
$125B
| $14.3M | 0.01% |
377,200
-62,400
| -14% | -$2.24M |
|
1436
CALL
MPLX
MPLX
$59B
| $14.3M | 0.01% |
433,900
+125,400
| +41% | +$4.21M |
|
1437
iShares MSCI USA Min Vol Factor ETF
USMV
$24.3B
| $14.3M | 0.01% |
242,395
+152,851
| +171% | +$8.56M |
|
1438
CALL
Howmet Aerospace
HWM
$105B
| $14.2M | 0.01% |
970,828
-1,609,527
| -62% | -$23.1M |
|
1439
CALL
Bank of Montreal
BMO
$121B
| $14.2M | 0.01% |
189,600
-1,300
| -0.7% | -$96.1K |
|
1440
CALL
Viasat
VSAT
$9.84B
| $14.2M | 0.01% |
182,700
+94,500
| +107% | +$6.58M |
|
1441
CALL
PagSeguro Digital
PAGS
$2.41B
| $14.2M | 0.01% |
474,300
-472,400
| -50% | -$11.8M |
|
|
CS
1442
PUT
DELISTED
Credit Suisse Group
CS
| $14.2M | 0.01% |
1,214,600
+70,300
| +6% | +$839K |
|
1443
CALL
Boston Scientific
BSX
$71B
| $14.1M | 0.01% |
368,300
-150,700
| -29% | -$5.76M |
|
1444
PUT
Weyerhaeuser
WY
$17.5B
| $14.1M | 0.01% |
535,400
+25,000
| +5% | +$630K |
|
1445
CALL
Pinduoduo
PDD
$125B
| $14.1M | 0.01% |
568,200
+334,600
| +143% | +$8.98M |
|
1446
PUT
Tenet Healthcare
THC
$22.2B
| $14.1M | 0.01% |
488,500
+237,400
| +95% | +$5.86M |
|
1447
PUT
Eagle Materials
EXP
$6.15B
| $14.1M | 0.01% |
167,100
+145,300
| +667% | +$10.5M |
|
1448
Casey's General Stores
CASY
$31.1B
| $14.1M | 0.01% |
+109,322
| New | +$14.3M |
|
|
VIAB
1449
DELISTED
Viacom Inc. Class B
VIAB
| $14.1M | 0.01% |
500,610
-171,878
| -26% | -$4.93M |
|
1450
CALL
VF Corp
VFC
$5.44B
| $14M | 0.01% |
171,513
-23,895
| -12% | -$1.86M |
|
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.