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
|
+$4.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.18B |
| 3 |
Apple
AAPL
|
+$836M |
| 4 |
Alibaba
BABA
|
+$807M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$566M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$429M |
| 2 |
Boeing
BA
|
+$402M |
| 3 |
Coty
COTY
|
+$284M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$104M |
| 5 |
Qualcomm
QCOM
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Communication Services | 1.72% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $298M | 0.11% |
3,415,900
-1,522,600
| -31% | -$131M |
|
152
CALL
Micron Technology
MU
$1.09T
| $292M | 0.11% |
7,563,500
-4,230,700
| -36% | -$161M |
|
|
AGN
153
CALL
DELISTED
Allergan plc
AGN
| $291M | 0.11% |
1,738,800
+367,500
| +27% | +$50.9M |
|
154
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $290M | 0.11% |
3,308,600
+82,000
| +3% | +$6.99M |
|
155
PUT
Caterpillar
CAT
$381B
| $288M | 0.1% |
2,116,000
-892,200
| -30% | -$118M |
|
156
CALL
NXP Semiconductors
NXPI
$56.9B
| $288M | 0.1% |
2,951,600
+1,197,600
| +68% | +$116M |
|
157
CALL
Baidu
BIDU
$31.6B
| $286M | 0.1% |
2,436,800
+970,600
| +66% | +$138M |
|
158
CALL
Goldman Sachs
GS
$303B
| $283M | 0.1% |
1,382,000
-963,400
| -41% | -$191M |
|
159
Gilead Sciences
GILD
$181B
| $282M | 0.1% |
4,176,403
+184,723
| +5% | +$12.2M |
|
160
CALL
Amgen
AMGN
$238B
| $281M | 0.1% |
1,527,200
-433,300
| -22% | -$77.6M |
|
161
CALL
3M
MMM
$92.3B
| $281M | 0.1% |
1,941,706
+99,268
| +5% | +$15.3M |
|
162
PUT
AutoZone
AZO
$48.3B
| $279M | 0.1% |
254,200
-40,700
| -14% | -$42.8M |
|
163
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $276M | 0.1% |
10,803,700
-887,000
| -8% | -$19.5M |
|
164
PUT
AbbVie
ABBV
$468B
| $276M | 0.1% |
3,790,300
+1,370,500
| +57% | +$108M |
|
165
CALL
Target
TGT
$75.1B
| $274M | 0.1% |
3,164,900
+940,600
| +42% | +$76M |
|
|
166
PUT
Gilead Sciences
GILD
$181B
| $273M | 0.1% |
4,038,500
-512,300
| -11% | -$33.7M |
|
167
CALL
Applied Materials
AMAT
$391B
| $269M | 0.1% |
5,988,100
+1,414,900
| +31% | +$59.6M |
|
168
Citigroup
C
$221B
| $269M | 0.1% |
3,837,718
+203,187
| +6% | +$13.6M |
|
169
Procter & Gamble
PG
$336B
| $267M | 0.1% |
2,435,992
+2,431,987
| +60,724% | +$259M |
|
|
CELG
170
CALL
DELISTED
Celgene Corp
CELG
| $267M | 0.1% |
2,888,300
-3,197,500
| -53% | -$304M |
|
|
APC
171
PUT
DELISTED
Anadarko Petroleum
APC
| $266M | 0.1% |
3,769,900
+2,803,300
| +290% | +$188M |
|
|
172
Baidu
BIDU
$31.6B
| $264M | 0.1% |
2,251,689
+1,804,831
| +404% | +$257M |
|
173
Netflix
NFLX
$331B
| $264M | 0.1% |
7,191,370
+5,818,280
| +424% | +$210M |
|
|
174
VanEck Gold Miners ETF
GDX
$31.8B
| $259M | 0.09% |
10,130,730
-828,480
| -8% | -$18.3M |
|
|
175
CALL
AbbVie
ABBV
$468B
| $258M | 0.09% |
3,551,600
+1,685,600
| +90% | +$132M |
|
Similar funds
Jeff Yass's Q2 2019 Portfolio in Review
As of Q2 2019, Jeff Yass held 11,369 positions worth $275B, up 13% from $243B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $25.4B of net new capital in Q2 2019, opening 2,651 new positions and adding to 3,766 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $429M trimmed.
- Jeff Yass's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
- Jeff Yass added most to Alphabet (Google) Class A in Q2 2019, an estimated $1.18B increase.
- Jeff Yass's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $429M.
- Jeff Yass fully exited Goldcorp Inc in Q2 2019, selling an estimated $26.4M.
- Jeff Yass's ten largest holdings make up 24% of its $275B portfolio in Q2 2019.
- Jeff Yass opened 2,651 new positions and closed 1,221 in Q2 2019.
- Jeff Yass's portfolio value rose 13% quarter-over-quarter to $275B.
Based on Susquehanna International Group's 13F filing for Q2 2019, filed 14 Aug 2019.