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 | |
|---|---|---|---|---|---|---|
|
126
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $300M | 0.12% |
4,632,100
-240,200
| -5% | -$15.1M |
|
127
PUT
JPMorgan Chase
JPM
$935B
| $300M | 0.12% |
2,960,600
-4,017,800
| -58% | -$414M |
|
|
AABA
128
DELISTED
Altaba Inc
AABA
| $299M | 0.12% |
4,032,990
+481,182
| +14% | +$33.1M |
|
129
CALL
Costco
COST
$420B
| $298M | 0.12% |
1,229,900
+262,800
| +27% | +$57.5M |
|
130
CALL
Salesforce
CRM
$171B
| $296M | 0.12% |
1,870,100
-2,132,900
| -53% | -$331M |
|
131
PUT
Gilead Sciences
GILD
$181B
| $296M | 0.12% |
4,550,800
-2,433,000
| -35% | -$162M |
|
|
XYZ
132
CALL
Block Inc
XYZ
$49.4B
| $296M | 0.12% |
3,947,700
-4,215,400
| -52% | -$305M |
|
133
CALL
Bristol-Myers Squibb
BMY
$137B
| $295M | 0.12% |
6,179,700
+258,300
| +4% | +$12.9M |
|
134
CALL
Cummins
CMI
$80.9B
| $294M | 0.12% |
1,860,200
+1,436,400
| +339% | +$215M |
|
135
CALL
Intuitive Surgical
ISRG
$134B
| $293M | 0.12% |
1,539,000
-288,000
| -16% | -$51.2M |
|
136
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $292M | 0.12% |
3,226,600
-746,900
| -19% | -$63.5M |
|
137
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $291M | 0.12% |
5,477,600
+2,405,800
| +78% | +$119M |
|
|
EA
138
PUT
DELISTED
Electronic Arts
EA
| $291M | 0.12% |
2,858,900
+1,281,100
| +81% | +$121M |
|
139
CALL
Pfizer
PFE
$160B
| $290M | 0.12% |
7,202,825
-1,453,255
| -17% | -$58.2M |
|
|
140
PUT
Costco
COST
$420B
| $289M | 0.12% |
1,192,300
-818,100
| -41% | -$179M |
|
141
CALL
Wells Fargo
WFC
$254B
| $287M | 0.12% |
5,855,800
-1,238,400
| -17% | -$60.9M |
|
142
CALL
PayPal
PYPL
$52.7B
| $285M | 0.12% |
2,742,200
-2,419,000
| -47% | -$229M |
|
143
Berkshire Hathaway Class B
BRK.B
$1.06T
| $278M | 0.11% |
1,384,389
+919,533
| +198% | +$186M |
|
144
CALL
PepsiCo
PEP
$196B
| $277M | 0.11% |
2,262,600
+489,200
| +28% | +$55.7M |
|
145
PUT
Lam Research
LRCX
$393B
| $276M | 0.11% |
15,399,000
-3,343,000
| -18% | -$55.8M |
|
146
Coty
COTY
$2.41B
| $270M | 0.11% |
23,472,097
+23,076,809
| +5,838% | +$218M |
|
147
PUT
Workday
WDAY
$49.4B
| $266M | 0.11% |
1,377,900
+135,600
| +11% | +$24.7M |
|
148
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $262M | 0.11% |
11,690,700
+5,640,200
| +93% | +$124M |
|
|
EA
149
CALL
DELISTED
Electronic Arts
EA
| $261M | 0.11% |
2,571,700
+253,700
| +11% | +$24M |
|
150
GE Aerospace
GE
$361B
| $261M | 0.11% |
5,245,405
-293,157
| -5% | -$13.8M |
|
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.