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 | |
|---|---|---|---|---|---|---|
1801
CALL
SAP
SAP
$244B
| $9.28M | ﹤0.01% |
80,400
+59,300
| +281% | +$6.31M |
|
1802
PUT
Direxion Daily S&P 500 Bear 3x ETF
SPXS
$351M
| $9.27M | ﹤0.01% |
4,446
+464
| +12% | +$1.11M |
|
1803
PUT
Range Resources
RRC
$9.88B
| $9.25M | ﹤0.01% |
823,100
-45,300
| -5% | -$491K |
|
1804
CALL
Perrigo
PRGO
$2.03B
| $9.23M | ﹤0.01% |
191,600
+62,100
| +48% | +$2.91M |
|
1805
PUT
Vanguard FTSE Europe ETF
VGK
$31.3B
| $9.22M | ﹤0.01% |
172,000
-148,800
| -46% | -$7.78M |
|
1806
PUT
NCR Voyix
VYX
$1.13B
| $9.2M | ﹤0.01% |
549,473
+361,697
| +193% | +$5.99M |
|
1807
PUT
Scorpio Tankers
STNG
$3.77B
| $9.18M | ﹤0.01% |
462,800
+437,290
| +1,714% | +$8.29M |
|
1808
PUT
iShares US Aerospace & Defense ETF
ITA
$14.2B
| $9.18M | ﹤0.01% |
92,000
+33,000
| +56% | +$3.23M |
|
|
SLCA
1809
CALL
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $9.18M | ﹤0.01% |
528,600
+270,300
| +105% | +$3.87M |
|
1810
CALL
Equitable Holdings
EQH
$13.6B
| $9.16M | ﹤0.01% |
455,000
+101,200
| +29% | +$1.93M |
|
|
SAFM
1811
CALL
DELISTED
Sanderson Farms Inc
SAFM
| $9.12M | ﹤0.01% |
69,200
-6,200
| -8% | -$743K |
|
1812
CALL
Alnylam Pharmaceuticals
ALNY
$32.1B
| $9.12M | ﹤0.01% |
97,600
-114,300
| -54% | -$9.56M |
|
|
THS
1813
PUT
DELISTED
Treehouse Foods
THS
| $9.12M | ﹤0.01% |
141,300
+128,500
| +1,004% | +$7.58M |
|
1814
PUT
Pultegroup
PHM
$25B
| $9.11M | ﹤0.01% |
325,900
-446,400
| -58% | -$12.2M |
|
1815
PUT
Innovative Industrial Properties
IIPR
$1.59B
| $9.09M | ﹤0.01% |
+111,300
| New | +$7.53M |
|
|
1816
Range Resources
RRC
$9.88B
| $9.05M | ﹤0.01% |
805,268
+741,747
| +1,168% | +$8.05M |
|
|
MDCO
1817
PUT
DELISTED
Medicines Co
MDCO
| $9.04M | ﹤0.01% |
323,300
+82,300
| +34% | +$1.94M |
|
1818
PUT
Cirrus Logic
CRUS
$5.56B
| $9.03M | ﹤0.01% |
214,600
-54,800
| -20% | -$2.11M |
|
1819
CALL
TripAdvisor
TRIP
$1.18B
| $9.02M | ﹤0.01% |
175,400
-474,800
| -73% | -$26M |
|
1820
CALL
Canadian Solar
CSIQ
$946M
| $9.02M | ﹤0.01% |
483,900
-848,400
| -64% | -$17.4M |
|
1821
PUT
Paychex
PAYX
$44.6B
| $9.01M | ﹤0.01% |
112,300
-56,700
| -34% | -$4.18M |
|
1822
HSBC
HSBC
$356B
| $8.99M | ﹤0.01% |
224,139
-1,279,430
| -85% | -$51.6M |
|
1823
CALL
Acuity Brands
AYI
$10.2B
| $8.98M | ﹤0.01% |
74,800
-22,400
| -23% | -$2.79M |
|
|
RETA
1824
CALL
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $8.97M | ﹤0.01% |
105,000
+58,500
| +126% | +$4.86M |
|
|
AXON
1825
CALL
Axon Enterprise
AXON
$49.2B
| $8.97M | ﹤0.01% |
164,800
-201,000
| -55% | -$10.3M |
|
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 $42.5B in Q1 2019, closing 1,970 positions and reducing 3,278 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.