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 | |
|---|---|---|---|---|---|---|
1451
PUT
Acadia Pharmaceuticals
ACAD
$5.28B
| $14M | 0.01% |
522,500
-203,000
| -28% | -$4.74M |
|
1452
iShares 20+ Year Treasury Bond ETF
TLT
$47B
| $14M | 0.01% |
+110,687
| New | +$13.5M |
|
|
CZR
1453
DELISTED
Caesars Entertainment Corporation
CZR
| $13.9M | 0.01% |
1,604,533
+215,348
| +16% | +$1.87M |
|
|
CS
1454
CALL
DELISTED
Credit Suisse Group
CS
| $13.9M | 0.01% |
1,196,100
-179,500
| -13% | -$2.14M |
|
|
AMED
1455
PUT
DELISTED
Amedisys
AMED
| $13.9M | 0.01% |
113,000
+92,500
| +451% | +$11.6M |
|
1456
CALL
Huntsman Corp
HUN
$1.66B
| $13.9M | 0.01% |
618,900
-2,900
| -0.5% | -$65.3K |
|
1457
CALL
Baker Hughes
BKR
$62B
| $13.9M | 0.01% |
501,200
-205,400
| -29% | -$5.19M |
|
1458
NetEase
NTES
$82.2B
| $13.9M | 0.01% |
287,335
+123,610
| +75% | +$5.88M |
|
1459
CALL
Welltower
WELL
$174B
| $13.9M | 0.01% |
178,500
+9,700
| +6% | +$728K |
|
1460
CALL
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.29B
| $13.8M | 0.01% |
99,600
+48,400
| +95% | +$6.45M |
|
1461
CALL
Galicia Financial Group
GGAL
$7.07B
| $13.8M | 0.01% |
541,000
+45,400
| +9% | +$1.42M |
|
1462
PUT
Regenxbio
RGNX
$588M
| $13.8M | 0.01% |
240,900
+92,100
| +62% | +$4.56M |
|
|
ARRY
1463
CALL
DELISTED
Array Biopharma Inc
ARRY
| $13.8M | 0.01% |
565,100
+25,500
| +5% | +$531K |
|
1464
PUT
AstraZeneca
AZN
$262B
| $13.8M | 0.01% |
170,150
-30,300
| -15% | -$2.39M |
|
1465
PUT
Moody's
MCO
$88.8B
| $13.7M | 0.01% |
75,900
-53,600
| -41% | -$8.81M |
|
|
MNDT
1466
CALL
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $13.7M | 0.01% |
818,200
-810,000
| -50% | -$13.6M |
|
1467
CALL
International Flavors & Fragrances
IFF
$22.1B
| $13.7M | 0.01% |
106,600
+49,600
| +87% | +$6.58M |
|
1468
PUT
ASML
ASML
$670B
| $13.7M | 0.01% |
72,900
+37,400
| +105% | +$6.62M |
|
|
CHK
1469
CALL
DELISTED
Chesapeake Energy Corporation
CHK
| $13.7M | 0.01% |
22,080
-4,100
| -16% | -$2.29M |
|
1470
CALL
Idexx Laboratories
IDXX
$43.5B
| $13.7M | 0.01% |
61,200
-1,200
| -2% | -$248K |
|
1471
CALL
Scotiabank
BNS
$114B
| $13.7M | 0.01% |
256,400
+156,900
| +158% | +$8.6M |
|
1472
CALL
IQVIA
IQV
$42.7B
| $13.6M | 0.01% |
94,800
-16,200
| -15% | -$2.16M |
|
|
BHVN
1473
CALL
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $13.6M | 0.01% |
264,800
+227,900
| +618% | +$9.85M |
|
1474
PUT
HDFC Bank
HDB
$122B
| $13.6M | 0.01% |
468,000
+98,000
| +26% | +$2.54M |
|
1475
PUT
Southern Company
SO
$104B
| $13.6M | 0.01% |
262,200
-132,400
| -34% | -$6.49M |
|
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 $42.5B in Q1 2019, closing 1,970 positions and reducing 3,278 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.