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 | |
|---|---|---|---|---|---|---|
1701
Invesco CurrencyShares Euro Currency Trust
FXE
$360M
| $12.9M | ﹤0.01% |
+124,151
| New | +$13.1M |
|
1702
Analog Devices
ADI
$180B
| $12.8M | ﹤0.01% |
114,875
-3,727
| -3% | -$422K |
|
1703
PUT
Oneok
OKE
$59.8B
| $12.8M | ﹤0.01% |
173,900
+73,200
| +73% | +$5.18M |
|
1704
CALL
Takeda Pharmaceutical
TAK
$58.2B
| $12.8M | ﹤0.01% |
744,200
-72,100
| -9% | -$1.25M |
|
1705
PUT
National Healthcare
NHC
$3.53B
| $12.8M | ﹤0.01% |
156,300
-5,800
| -4% | -$480K |
|
1706
PUT
Tenet Healthcare
THC
$22.1B
| $12.8M | ﹤0.01% |
577,600
-18,700
| -3% | -$398K |
|
1707
CALL
Ligand Pharmaceuticals
LGND
$5.74B
| $12.8M | ﹤0.01% |
205,665
-195,726
| -49% | -$12.3M |
|
1708
PUT
StoneCo
STNE
$2.24B
| $12.8M | ﹤0.01% |
366,700
-300,400
| -45% | -$10M |
|
1709
CALL
Brown-Forman Class B
BF.B
$12.9B
| $12.8M | ﹤0.01% |
203,100
+182,300
| +876% | +$10.7M |
|
|
ANSS
1710
PUT
DELISTED
Ansys
ANSS
| $12.8M | ﹤0.01% |
57,600
+19,400
| +51% | +$4.09M |
|
1711
CALL
iShares MSCI South Korea ETF
EWY
$27.9B
| $12.7M | ﹤0.01% |
226,000
-99,400
| -31% | -$5.5M |
|
1712
CALL
Northern Trust
NTRS
$34.3B
| $12.7M | ﹤0.01% |
136,400
-27,300
| -17% | -$2.51M |
|
1713
PUT
Danaher
DHR
$151B
| $12.7M | ﹤0.01% |
99,377
+33,953
| +52% | +$4.25M |
|
|
NVTA
1714
PUT
DELISTED
Invitae Corporation
NVTA
| $12.7M | ﹤0.01% |
660,200
+42,100
| +7% | +$993K |
|
1715
PUT
OSI Systems
OSIS
$3.36B
| $12.7M | ﹤0.01% |
125,200
+19,900
| +19% | +$2.15M |
|
1716
CALL
Citizens Financial Group
CFG
$29.7B
| $12.7M | ﹤0.01% |
358,800
+118,800
| +50% | +$4.15M |
|
1717
CALL
Restaurant Brands International
QSR
$27.6B
| $12.7M | ﹤0.01% |
178,300
-163,900
| -48% | -$12.1M |
|
1718
Align Technology
ALGN
$11.3B
| $12.7M | ﹤0.01% |
70,065
-21,866
| -24% | -$4.55M |
|
|
1719
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$360M
| $12.7M | ﹤0.01% |
122,300
+46,300
| +61% | +$4.89M |
|
1720
CALL
Vanguard Energy ETF
VDE
$10.7B
| $12.7M | ﹤0.01% |
161,300
+41,500
| +35% | +$3.32M |
|
1721
CALL
Sun Communities
SUI
$15.3B
| $12.6M | ﹤0.01% |
85,200
+73,900
| +654% | +$10.4M |
|
1722
PUT
Encore Capital Group
ECPG
$2.12B
| $12.6M | ﹤0.01% |
379,500
+82,000
| +28% | +$2.88M |
|
1723
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $12.6M | ﹤0.01% |
205,589
-632,692
| -75% | -$38M |
|
1724
PUT
Enbridge
ENB
$110B
| $12.6M | ﹤0.01% |
359,900
+142,200
| +65% | +$4.92M |
|
1725
Applied Materials
AMAT
$381B
| $12.6M | ﹤0.01% |
252,700
-2,436,173
| -91% | -$118M |
|
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.