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 | |
|---|---|---|---|---|---|---|
151
CALL
Costco
COST
$420B
| $327M | 0.11% |
1,133,900
+175,900
| +18% | +$49.5M |
|
152
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $324M | 0.11% |
4,236,900
+928,300
| +28% | +$77.1M |
|
153
PUT
Gilead Sciences
GILD
$181B
| $320M | 0.11% |
5,054,300
+1,015,800
| +25% | +$66.4M |
|
154
Procter & Gamble
PG
$336B
| $317M | 0.11% |
2,544,767
+108,775
| +4% | +$12.9M |
|
155
PUT
Biogen
BIIB
$32B
| $316M | 0.11% |
1,356,200
+30,900
| +2% | +$7.2M |
|
156
PUT
Qualcomm
QCOM
$169B
| $309M | 0.1% |
4,051,600
-5,081,600
| -56% | -$382M |
|
157
CALL
Deere & Co
DE
$175B
| $307M | 0.1% |
1,817,600
+868,800
| +92% | +$139M |
|
158
PUT
Blackstone
BX
$108B
| $299M | 0.1% |
6,117,700
+1,762,600
| +40% | +$86M |
|
159
CALL
McDonald's
MCD
$192B
| $298M | 0.1% |
1,386,900
+197,700
| +17% | +$42.4M |
|
160
PUT
Caterpillar
CAT
$381B
| $297M | 0.1% |
2,355,300
+239,300
| +11% | +$30.4M |
|
161
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $297M | 0.1% |
4,988,400
-1,785,800
| -26% | -$103M |
|
162
CALL
RTX Corp
RTX
$283B
| $294M | 0.1% |
3,427,314
+1,143,126
| +50% | +$94.9M |
|
|
XYZ
163
Block Inc
XYZ
$49.4B
| $294M | 0.1% |
4,742,738
+1,852,386
| +64% | +$126M |
|
|
164
PUT
McDonald's
MCD
$192B
| $292M | 0.1% |
1,360,000
+612,200
| +82% | +$131M |
|
|
AGN
165
PUT
DELISTED
Allergan plc
AGN
| $290M | 0.1% |
1,723,300
-663,600
| -28% | -$108M |
|
166
PUT
Workday
WDAY
$49.4B
| $290M | 0.1% |
1,703,400
+518,300
| +44% | +$100M |
|
167
CALL
Lowe's Companies
LOW
$121B
| $289M | 0.1% |
2,632,400
+683,200
| +35% | +$72.1M |
|
168
iShares China Large-Cap ETF
FXI
$4.28B
| $289M | 0.1% |
7,269,706
+245,046
| +3% | +$9.94M |
|
169
PUT
JD.com
JD
$39.7B
| $289M | 0.1% |
10,251,900
+2,340,000
| +30% | +$70.7M |
|
170
CALL
Target
TGT
$75.1B
| $288M | 0.1% |
2,697,500
-467,400
| -15% | -$44.5M |
|
171
CALL
Merck
MRK
$376B
| $288M | 0.1% |
3,588,981
-195,557
| -5% | -$15.7M |
|
172
CALL
Broadcom
AVGO
$1.75T
| $285M | 0.1% |
10,320,000
-2,366,000
| -19% | -$67.3M |
|
173
PUT
Twilio
TWLO
$34.6B
| $284M | 0.1% |
2,580,300
+888,500
| +53% | +$115M |
|
174
PUT
Baidu
BIDU
$31.6B
| $279M | 0.09% |
2,714,100
-360,500
| -12% | -$38.7M |
|
175
PUT
United States Oil Fund
USO
$2.24B
| $279M | 0.09% |
3,072,313
-1,150,037
| -27% | -$108M |
|
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.