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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.18B |
| 3 |
Apple
AAPL
|
+$836M |
| 4 |
Alibaba
BABA
|
+$807M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$566M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$429M |
| 2 |
Boeing
BA
|
+$402M |
| 3 |
Coty
COTY
|
+$284M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$104M |
| 5 |
Qualcomm
QCOM
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Communication Services | 1.72% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $350M | 0.13% |
8,145,908
+6,619,864
| +434% | +$281M |
|
127
CALL
Shopify
SHOP
$192B
| $348M | 0.13% |
11,589,000
+3,756,000
| +48% | +$97.8M |
|
128
PUT
Walmart Inc
WMT
$825B
| $345M | 0.13% |
9,372,600
+1,464,600
| +19% | +$50.5M |
|
|
AABA
129
DELISTED
Altaba Inc
AABA
| $345M | 0.13% |
4,972,641
+939,651
| +23% | +$65.8M |
|
130
CALL
United States Oil Fund
USO
$2.24B
| $336M | 0.12% |
3,486,013
+164,300
| +5% | +$16.4M |
|
131
Advanced Micro Devices
AMD
$773B
| $335M | 0.12% |
11,040,586
+3,111,738
| +39% | +$88.8M |
|
132
CALL
Pfizer
PFE
$160B
| $335M | 0.12% |
8,140,253
+937,428
| +13% | +$37.2M |
|
133
PUT
Procter & Gamble
PG
$336B
| $326M | 0.12% |
2,975,000
-1,240,400
| -29% | -$132M |
|
134
PUT
GE Aerospace
GE
$361B
| $326M | 0.12% |
6,220,498
-1,951,432
| -24% | -$96.1M |
|
135
CALL
ServiceNow
NOW
$133B
| $326M | 0.12% |
5,928,000
+1,493,500
| +34% | +$78.5M |
|
136
PUT
Applied Materials
AMAT
$391B
| $325M | 0.12% |
7,236,700
-658,100
| -8% | -$27.7M |
|
137
CALL
Mastercard
MA
$509B
| $316M | 0.11% |
1,195,600
-775,500
| -39% | -$194M |
|
138
PUT
FedEx
FDX
$76.9B
| $316M | 0.11% |
1,923,000
+503,900
| +36% | +$88.2M |
|
139
CALL
Mercado Libre
MELI
$97.5B
| $316M | 0.11% |
516,000
+161,100
| +45% | +$89.7M |
|
140
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $314M | 0.11% |
7,345,000
-6,112,600
| -45% | -$261M |
|
141
Petrobras Class A
PBR.A
$111B
| $313M | 0.11% |
22,046,474
-1,200,830
| -5% | -$16.5M |
|
142
CALL
Salesforce
CRM
$171B
| $310M | 0.11% |
2,045,400
+175,300
| +9% | +$27.5M |
|
143
PUT
Biogen
BIIB
$32B
| $310M | 0.11% |
1,325,300
-493,100
| -27% | -$114M |
|
144
Meta Platforms (Facebook)
META
$1.4T
| $308M | 0.11% |
1,596,395
-309,608
| -16% | -$56.6M |
|
145
CVS Health
CVS
$119B
| $306M | 0.11% |
5,607,867
+808,565
| +17% | +$43.5M |
|
146
iShares MSCI EAFE ETF
EFA
$80B
| $305M | 0.11% |
4,645,986
+2,316,245
| +99% | +$152M |
|
147
CALL
Merck
MRK
$376B
| $303M | 0.11% |
3,784,538
-918,152
| -20% | -$70.3M |
|
148
PUT
3M
MMM
$92.3B
| $303M | 0.11% |
2,088,216
+1,292,756
| +163% | +$199M |
|
149
CALL
Comcast
CMCSA
$95.3B
| $301M | 0.11% |
7,113,500
-1,453,900
| -17% | -$61.3M |
|
|
150
iShares China Large-Cap ETF
FXI
$4.28B
| $300M | 0.11% |
7,024,660
+2,684,073
| +62% | +$115M |
|
Similar funds
Jeff Yass's Q2 2019 Portfolio in Review
As of Q2 2019, Jeff Yass held 11,369 positions worth $275B, up 13% from $243B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $25.4B of net new capital in Q2 2019, opening 2,651 new positions and adding to 3,766 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $429M trimmed.
- Jeff Yass's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
- Jeff Yass added most to Alphabet (Google) Class A in Q2 2019, an estimated $1.18B increase.
- Jeff Yass's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $429M.
- Jeff Yass fully exited Goldcorp Inc in Q2 2019, selling an estimated $26.4M.
- Jeff Yass's ten largest holdings make up 24% of its $275B portfolio in Q2 2019.
- Jeff Yass opened 2,651 new positions and closed 1,221 in Q2 2019.
- Jeff Yass's portfolio value rose 13% quarter-over-quarter to $275B.
Based on Susquehanna International Group's 13F filing for Q2 2019, filed 14 Aug 2019.