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 | |
|---|---|---|---|---|---|---|
1551
CALL
iShares MSCI United Kingdom ETF
EWU
$3.88B
| $12M | 0.01% |
365,000
+306,100
| +520% | +$9.75M |
|
1552
CALL
ICU Medical
ICUI
$4.56B
| $12M | ﹤0.01% |
50,200
+23,600
| +89% | +$5.66M |
|
1553
PUT
KeyCorp
KEY
$23.4B
| $12M | ﹤0.01% |
762,800
-96,900
| -11% | -$1.62M |
|
1554
PUT
Ascendis Pharma A/S
ASND
$16.6B
| $12M | ﹤0.01% |
102,000
+47,700
| +88% | +$4.18M |
|
1555
SandRidge Energy
SD
$515M
| $12M | ﹤0.01% |
1,496,488
-154,824
| -9% | -$1.27M |
|
1556
CALL
Vanguard FTSE Developed Markets ETF
VEA
$240B
| $12M | ﹤0.01% |
293,100
+239,200
| +444% | +$9.56M |
|
1557
PUT
Acuity Brands
AYI
$10.2B
| $12M | ﹤0.01% |
99,800
+2,500
| +3% | +$311K |
|
1558
CALL
iShares US Aerospace & Defense ETF
ITA
$14B
| $12M | ﹤0.01% |
120,000
+11,600
| +11% | +$1.13M |
|
1559
PUT
Galicia Financial Group
GGAL
$7.1B
| $12M | ﹤0.01% |
469,100
+249,000
| +113% | +$7.8M |
|
1560
CALL
Texas Roadhouse
TXRH
$13.3B
| $12M | ﹤0.01% |
192,200
+126,900
| +194% | +$7.94M |
|
|
BIG
1561
CALL
DELISTED
Big Lots, Inc.
BIG
| $11.9M | ﹤0.01% |
314,100
+202,300
| +181% | +$6.6M |
|
1562
PUT
Ciena
CIEN
$54.9B
| $11.9M | ﹤0.01% |
319,500
-62,000
| -16% | -$2.41M |
|
1563
PUT
Viper Energy
VNOM
$15.8B
| $11.9M | ﹤0.01% |
359,700
-12,700
| -3% | -$407K |
|
1564
CALL
Apollo Global Management
APO
$78.6B
| $11.9M | ﹤0.01% |
422,200
+115,100
| +37% | +$3.27M |
|
1565
Fox Class A
FOXA
$29.6B
| $11.9M | ﹤0.01% |
+324,728
| New | +$12.7M |
|
1566
Ovintiv
OVV
$17.8B
| $11.9M | ﹤0.01% |
328,846
+189,729
| +136% | +$6.51M |
|
1567
CALL
Invesco CurrencyShares Japanese Yen Trust
FXY
$461M
| $11.9M | ﹤0.01% |
138,200
+8,000
| +6% | +$693K |
|
1568
PUT
Boston Scientific
BSX
$72.3B
| $11.9M | ﹤0.01% |
309,800
+160,900
| +108% | +$6.15M |
|
1569
CALL
Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC
$171M
| $11.9M | ﹤0.01% |
148,700
-106,500
| -42% | -$8.19M |
|
1570
CALL
Nokia
NOK
$57.8B
| $11.8M | ﹤0.01% |
2,070,100
+1,008,000
| +95% | +$6.17M |
|
1571
PUT
Assured Guaranty
AGO
$3.3B
| $11.8M | ﹤0.01% |
266,300
-657,000
| -71% | -$27.4M |
|
1572
BP
BP
$110B
| $11.8M | ﹤0.01% |
274,646
-540,266
| -66% | -$22.1M |
|
|
IRBT
1573
CALL
DELISTED
iRobot
IRBT
| $11.8M | ﹤0.01% |
100,100
-129,700
| -56% | -$13.8M |
|
1574
CALL
Elanco Animal Health
ELAN
$12.5B
| $11.8M | ﹤0.01% |
+367,300
| New | +$11.3M |
|
1575
PUT
Nu Skin
NUS
$236M
| $11.8M | ﹤0.01% |
245,800
+230,100
| +1,466% | +$13.9M |
|
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.