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 |
Amazon
AMZN
|
+$1.58B |
| 2 |
Netflix
NFLX
|
+$496M |
| 3 |
Meta Platforms (Facebook)
META
|
+$275M |
| 4 |
Alibaba
BABA
|
+$215M |
| 5 |
UnitedHealth
UNH
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$926M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$682M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$556M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$246M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.18% |
| 2 | Technology | 2.09% |
| 3 | Communication Services | 1.44% |
| 4 | Financials | 1.21% |
| 5 | Healthcare | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CALL
Johnson & Johnson
JNJ
$651B
| $389M | 0.13% |
3,010,000
+70,100
| +2% | +$9.24M |
|
127
PUT
AbbVie
ABBV
$468B
| $389M | 0.13% |
5,135,800
+1,345,500
| +35% | +$92.2M |
|
128
PUT
Ulta Beauty
ULTA
$22.4B
| $387M | 0.13% |
1,544,300
+1,187,700
| +333% | +$364M |
|
129
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $379M | 0.13% |
6,356,200
-4,774,400
| -43% | -$276M |
|
130
CALL
Verizon
VZ
$205B
| $372M | 0.12% |
6,113,500
-1,508,300
| -20% | -$86.9M |
|
131
CALL
Goldman Sachs
GS
$303B
| $369M | 0.12% |
1,779,400
+397,400
| +29% | +$83.1M |
|
132
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $362M | 0.12% |
12,237,800
+7,208,800
| +143% | +$218M |
|
133
Mastercard
MA
$509B
| $360M | 0.12% |
1,325,017
+426,003
| +47% | +$117M |
|
134
CALL
Cisco
CSCO
$438B
| $356M | 0.12% |
7,195,200
-108,900
| -1% | -$5.66M |
|
135
PUT
Walmart Inc
WMT
$825B
| $354M | 0.12% |
8,957,100
-415,500
| -4% | -$15.7M |
|
136
PUT
Lam Research
LRCX
$393B
| $354M | 0.12% |
15,327,000
+1,930,000
| +14% | +$40.5M |
|
|
137
CALL
AbbVie
ABBV
$468B
| $354M | 0.12% |
4,677,600
+1,126,000
| +32% | +$77.2M |
|
138
CALL
NXP Semiconductors
NXPI
$56.9B
| $354M | 0.12% |
3,242,800
+291,200
| +10% | +$29.7M |
|
139
CALL
Qualcomm
QCOM
$169B
| $347M | 0.12% |
4,554,300
-7,085,200
| -61% | -$533M |
|
140
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $347M | 0.12% |
3,980,500
+564,600
| +17% | +$49M |
|
141
Advanced Micro Devices
AMD
$773B
| $346M | 0.12% |
11,937,716
+897,130
| +8% | +$28.1M |
|
|
142
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $346M | 0.12% |
3,964,500
+2,594,500
| +189% | +$225M |
|
143
CALL
IBM
IBM
$222B
| $345M | 0.12% |
2,480,066
-1,582,284
| -39% | -$213M |
|
144
PUT
FedEx
FDX
$76.9B
| $343M | 0.12% |
2,358,800
+435,800
| +23% | +$70.3M |
|
145
CALL
Comcast
CMCSA
$95.3B
| $343M | 0.11% |
7,603,800
+490,300
| +7% | +$21.7M |
|
146
PUT
CVS Health
CVS
$119B
| $341M | 0.11% |
5,400,900
-2,926,100
| -35% | -$173M |
|
|
XYZ
147
CALL
Block Inc
XYZ
$49.4B
| $340M | 0.11% |
5,495,700
+669,700
| +14% | +$45.5M |
|
148
CALL
Micron Technology
MU
$1.09T
| $336M | 0.11% |
7,838,500
+275,000
| +4% | +$12.4M |
|
149
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $333M | 0.11% |
7,900,900
-3,817,800
| -33% | -$165M |
|
150
CALL
PayPal
PYPL
$52.7B
| $332M | 0.11% |
3,207,900
-71,500
| -2% | -$7.88M |
|
Similar funds
Jeff Yass's Q3 2019 Portfolio in Review
As of Q3 2019, Jeff Yass held 11,380 positions worth $298B, up 8.4% from $275B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $26.9B of net new capital in Q3 2019, opening 1,223 new positions and adding to 4,885 existing holdings. Its largest new stake was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $926M trimmed.
- Jeff Yass's largest Q3 2019 buy was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
- Jeff Yass added most to Amazon in Q3 2019, an estimated $1.58B increase.
- Jeff Yass's biggest Q3 2019 reduction was Alphabet (Google) Class A, cutting an estimated $926M.
- Jeff Yass fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $179M.
- Jeff Yass's ten largest holdings make up 24% of its $298B portfolio in Q3 2019.
- Jeff Yass opened 1,223 new positions and closed 1,294 in Q3 2019.
- Jeff Yass's portfolio value rose 8.4% quarter-over-quarter to $298B.
Based on Susquehanna International Group's 13F filing for Q3 2019, filed 14 Nov 2019.