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 | |
|---|---|---|---|---|---|---|
151
Gilead Sciences
GILD
$181B
| $260M | 0.11% |
3,991,680
-779,834
| -16% | -$51.8M |
|
152
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $259M | 0.11% |
4,870,600
-2,714,200
| -36% | -$134M |
|
153
CVS Health
CVS
$119B
| $259M | 0.11% |
4,799,302
+4,426,151
| +1,186% | +$273M |
|
154
PUT
Wynn Resorts
WYNN
$10.3B
| $259M | 0.11% |
2,168,500
+169,200
| +8% | +$20.2M |
|
155
PUT
FedEx
FDX
$76.9B
| $257M | 0.11% |
1,419,100
+46,300
| +3% | +$8.18M |
|
156
PUT
Walmart Inc
WMT
$825B
| $257M | 0.11% |
7,908,000
-4,676,700
| -37% | -$152M |
|
157
PUT
United States Oil Fund
USO
$2.24B
| $256M | 0.11% |
2,556,825
-3,694,625
| -59% | -$340M |
|
158
CALL
General Motors
GM
$77.2B
| $254M | 0.1% |
6,837,600
-2,784,000
| -29% | -$106M |
|
159
CALL
JD.com
JD
$39.7B
| $249M | 0.1% |
8,274,700
-7,693,200
| -48% | -$196M |
|
160
CALL
Biogen
BIIB
$32B
| $248M | 0.1% |
1,048,500
+8,600
| +0.8% | +$2.71M |
|
161
VanEck Gold Miners ETF
GDX
$31.8B
| $246M | 0.1% |
10,959,210
+6,448,963
| +143% | +$142M |
|
|
AGN
162
PUT
DELISTED
Allergan plc
AGN
| $243M | 0.1% |
1,661,500
+116,500
| +8% | +$16.9M |
|
163
CALL
Baidu
BIDU
$31.6B
| $242M | 0.1% |
1,466,200
+221,800
| +18% | +$37.1M |
|
164
CALL
Workday
WDAY
$49.4B
| $241M | 0.1% |
1,248,400
-29,300
| -2% | -$5.33M |
|
165
PUT
PayPal
PYPL
$52.7B
| $240M | 0.1% |
2,314,400
-1,467,500
| -39% | -$139M |
|
166
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $239M | 0.1% |
2,457
-4,128
| -63% | -$525M |
|
|
167
PUT
JD.com
JD
$39.7B
| $239M | 0.1% |
7,919,100
-8,470,600
| -52% | -$215M |
|
168
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $238M | 0.1% |
2,752,400
+904,400
| +49% | +$76.8M |
|
169
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $233M | 0.1% |
124,550
+57,778
| +87% | +$127M |
|
170
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $231M | 0.1% |
1,882,000
-1,212,275
| -39% | -$146M |
|
171
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $231M | 0.09% |
561,600
-300,100
| -35% | -$124M |
|
172
CALL
lululemon athletica
LULU
$13.7B
| $228M | 0.09% |
1,390,500
+377,000
| +37% | +$55.1M |
|
|
173
CALL
Walmart Inc
WMT
$825B
| $226M | 0.09% |
6,956,700
+129,900
| +2% | +$4.21M |
|
174
Citigroup
C
$221B
| $226M | 0.09% |
3,634,531
-4,575,834
| -56% | -$284M |
|
|
XYZ
175
Block Inc
XYZ
$49.4B
| $225M | 0.09% |
3,002,091
-1,053,665
| -26% | -$76.4M |
|
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 $43.7B in Q1 2019, closing 1,970 positions and reducing 3,279 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.