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
|
+$1.33B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$781M |
| 3 |
Tesla
TSLA
|
+$468M |
| 4 |
Invesco QQQ Trust
QQQ
|
+$467M |
| 5 |
Home Depot
HD
|
+$344M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$1.36B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$860M |
| 3 |
Bank of America
BAC
|
+$413M |
| 4 |
Advanced Micro Devices
AMD
|
+$283M |
| 5 |
Salesforce
CRM
|
+$262M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.2% |
| 2 | Consumer Discretionary | 1.94% |
| 3 | Communication Services | 1.89% |
| 4 | Healthcare | 1.12% |
| 5 | Financials | 1.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
iShares China Large-Cap ETF
FXI
$4.28B
| $439M | 0.13% |
10,070,499
+2,800,793
| +39% | +$117M |
|
127
CALL
Wells Fargo
WFC
$254B
| $438M | 0.13% |
8,148,800
+388,400
| +5% | +$20.3M |
|
128
PUT
lululemon athletica
LULU
$13.7B
| $436M | 0.13% |
1,880,500
+857,000
| +84% | +$183M |
|
129
CALL
Micron Technology
MU
$1.09T
| $434M | 0.12% |
8,064,900
+226,400
| +3% | +$10.8M |
|
130
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $429M | 0.12% |
9,037,300
+1,136,400
| +14% | +$49.8M |
|
131
PUT
AbbVie
ABBV
$468B
| $414M | 0.12% |
4,678,000
-457,800
| -9% | -$38M |
|
132
CALL
Goldman Sachs
GS
$303B
| $410M | 0.12% |
1,781,900
+2,500
| +0.1% | +$543K |
|
133
PUT
IBM
IBM
$222B
| $402M | 0.12% |
3,140,615
+308,675
| +11% | +$40.1M |
|
134
PUT
Mercado Libre
MELI
$97.5B
| $395M | 0.11% |
691,400
-624,600
| -47% | -$346M |
|
135
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $395M | 0.11% |
13,147,400
+909,600
| +7% | +$27M |
|
136
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $394M | 0.11% |
3,077,100
+2,501,400
| +434% | +$319M |
|
137
CALL
Bristol-Myers Squibb
BMY
$137B
| $388M | 0.11% |
6,043,200
-1,729,300
| -22% | -$99M |
|
138
PUT
AutoZone
AZO
$48.3B
| $387M | 0.11% |
324,900
-157,900
| -33% | -$182M |
|
139
PUT
Procter & Gamble
PG
$336B
| $386M | 0.11% |
3,092,500
-1,831,700
| -37% | -$224M |
|
140
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $383M | 0.11% |
4,357,100
+376,600
| +9% | +$32.8M |
|
141
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $382M | 0.11% |
12,422,400
+3,087,100
| +33% | +$90.6M |
|
142
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $379M | 0.11% |
8,261,600
+1,412,000
| +21% | +$60.4M |
|
143
CALL
Costco
COST
$420B
| $378M | 0.11% |
1,282,400
+148,500
| +13% | +$44.1M |
|
144
CALL
Biogen
BIIB
$32B
| $370M | 0.11% |
1,247,300
+92,400
| +8% | +$25.6M |
|
|
145
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $370M | 0.11% |
7,795,400
-1,471,600
| -16% | -$64.4M |
|
|
146
CALL
lululemon athletica
LULU
$13.7B
| $367M | 0.11% |
1,585,200
+756,500
| +91% | +$161M |
|
147
CALL
Coca-Cola
KO
$392B
| $364M | 0.1% |
6,584,100
-1,192,600
| -15% | -$64.1M |
|
|
148
CALL
IBM
IBM
$222B
| $364M | 0.1% |
2,841,877
+361,811
| +15% | +$47M |
|
149
PUT
Cisco
CSCO
$438B
| $364M | 0.1% |
7,581,000
+2,158,000
| +40% | +$100M |
|
150
CALL
Amgen
AMGN
$238B
| $363M | 0.1% |
1,505,000
+248,900
| +20% | +$54.9M |
|
Similar funds
Jeff Yass's Q4 2019 Portfolio in Review
As of Q4 2019, Jeff Yass held 11,328 positions worth $347B, up 16% from $298B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass deployed $12.7B of net new capital in Q4 2019, opening 1,232 new positions and adding to 3,827 existing holdings. Its largest new stake was Invesco Zacks Mid-Cap ETF: 1,353,476 shares worth $104M.
By sector, the portfolio is most concentrated in Technology at 2.2% of assets, up from 2.1% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Amazon, an estimated $1.36B trimmed.
- Jeff Yass's largest Q4 2019 buy was Invesco Zacks Mid-Cap ETF: 1,353,476 shares worth $104M.
- Jeff Yass added most to Boeing in Q4 2019, an estimated $1.33B increase.
- Jeff Yass's biggest Q4 2019 reduction was Amazon, cutting an estimated $1.36B.
- Jeff Yass fully exited Celgene Corp in Q4 2019, selling an estimated $164M.
- Jeff Yass's ten largest holdings make up 26% of its $347B portfolio in Q4 2019.
- Jeff Yass opened 1,232 new positions and closed 1,709 in Q4 2019.
- Jeff Yass's portfolio value rose 16% quarter-over-quarter to $347B.
Based on Susquehanna International Group's 13F filing for Q4 2019, filed 14 Feb 2020.