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
|
+$696M |
| 2 |
AABA
Altaba Inc
AABA
|
+$632M |
| 3 |
AT&T
T
|
+$433M |
| 4 |
Goldman Sachs
GS
|
+$392M |
| 5 |
Walt Disney
DIS
|
+$384M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$1.5B |
| 2 |
Apple
AAPL
|
+$1.26B |
| 3 |
Amazon
AMZN
|
+$1B |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$938M |
| 5 |
Netflix
NFLX
|
+$423M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.9% |
| 2 | Financials | 1.28% |
| 3 | Communication Services | 1.02% |
| 4 | Consumer Discretionary | 0.99% |
| 5 | Healthcare | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $318M | 0.11% |
11,948,300
+8,570,300
| +254% | +$236M |
|
152
JD.com
JD
$39.7B
| $317M | 0.11% |
8,149,656
+2,549,791
| +46% | +$98.3M |
|
153
PUT
Biogen
BIIB
$32B
| $316M | 0.11% |
1,087,300
+45,700
| +4% | +$12.8M |
|
154
CALL
Merck
MRK
$376B
| $316M | 0.11% |
5,447,190
-5,764
| -0.1% | -$325K |
|
155
CALL
Intuitive Surgical
ISRG
$134B
| $315M | 0.11% |
1,972,500
+90,900
| +5% | +$13.9M |
|
156
CALL
Broadcom
AVGO
$1.75T
| $310M | 0.11% |
12,761,000
-2,445,000
| -16% | -$59.9M |
|
157
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $309M | 0.11% |
7,193,900
-420,900
| -6% | -$19.7M |
|
158
CALL
Coca-Cola
KO
$392B
| $308M | 0.11% |
7,013,600
+593,200
| +9% | +$25.6M |
|
159
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $306M | 0.11% |
2,984,700
-1,832,000
| -38% | -$187M |
|
160
PUT
Applied Materials
AMAT
$391B
| $301M | 0.1% |
6,524,800
+3,014,900
| +86% | +$155M |
|
161
iShares Core MSCI EAFE ETF
IEFA
$195B
| $300M | 0.1% |
+4,732,803
| New | +$313M |
|
162
PUT
Bristol-Myers Squibb
BMY
$137B
| $297M | 0.1% |
5,373,800
+1,600,400
| +42% | +$86.4M |
|
163
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $294M | 0.1% |
8,453,800
-3,681,400
| -30% | -$126M |
|
164
CALL
Costco
COST
$420B
| $293M | 0.1% |
1,403,400
+453,900
| +48% | +$89.7M |
|
165
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $292M | 0.1% |
4,783,900
+3,517,900
| +278% | +$221M |
|
166
CALL
McDonald's
MCD
$192B
| $289M | 0.1% |
1,842,200
-594,600
| -24% | -$96.4M |
|
167
CALL
PayPal
PYPL
$52.7B
| $287M | 0.1% |
3,452,000
-91,700
| -3% | -$7.31M |
|
168
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $284M | 0.1% |
4,240,100
-1,224,600
| -22% | -$85.9M |
|
169
CALL
Johnson & Johnson
JNJ
$651B
| $284M | 0.1% |
2,339,300
-74,000
| -3% | -$9.23M |
|
170
CALL
General Motors
GM
$77.2B
| $281M | 0.1% |
7,140,500
+1,209,100
| +20% | +$47.6M |
|
171
PUT
Morgan Stanley
MS
$336B
| $279M | 0.1% |
5,894,900
+238,800
| +4% | +$12.5M |
|
172
PUT
Snap
SNAP
$8.86B
| $276M | 0.09% |
21,106,600
+4,330,700
| +26% | +$55.9M |
|
|
173
CALL
Biogen
BIIB
$32B
| $276M | 0.09% |
949,500
+118,500
| +14% | +$33.3M |
|
174
PUT
Lockheed Martin
LMT
$130B
| $275M | 0.09% |
929,600
+274,900
| +42% | +$88.7M |
|
175
PUT
Mercado Libre
MELI
$97.5B
| $273M | 0.09% |
914,000
+307,200
| +51% | +$96.9M |
|
Similar funds
Jeff Yass's Q2 2018 Portfolio in Review
As of Q2 2018, Jeff Yass held 11,136 positions worth $291B, up 3.8% from $281B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Jeff Yass's Q2 2018 filing shows 1,911 new, 3,840 increased, 3,666 reduced and 1,619 closed positions. Its largest new stake was iShares Core MSCI EAFE ETF: 4,732,803 shares worth $300M. The largest sale was Meta Platforms (Facebook), an estimated $1.5B.
By sector, the portfolio is most concentrated in Technology at 1.9% of assets, up from 1.8% a quarter earlier, followed by Financials and Communication Services.
- Jeff Yass's largest Q2 2018 buy was iShares Core MSCI EAFE ETF: 4,732,803 shares worth $300M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q2 2018, an estimated $696M increase.
- Jeff Yass's biggest Q2 2018 reduction was Meta Platforms (Facebook), cutting an estimated $1.5B.
- Jeff Yass fully exited iShares 0-1 Year Treasury Bond ETF in Q2 2018, selling an estimated $341M.
- Jeff Yass's ten largest holdings make up 26% of its $291B portfolio in Q2 2018.
- Jeff Yass opened 1,911 new positions and closed 1,619 in Q2 2018.
- Jeff Yass's portfolio value rose 3.8% quarter-over-quarter to $291B.
Based on Susquehanna International Group's 13F filing for Q2 2018, filed 14 Aug 2018.