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 | |
|---|---|---|---|---|---|---|
1851
PUT
Agilent Technologies
A
$43.8B
| $11M | ﹤0.01% |
143,600
-28,800
| -17% | -$2.08M |
|
1852
PUT
Westlake Corp
WLK
$9.53B
| $11M | ﹤0.01% |
167,300
-38,000
| -19% | -$2.45M |
|
1853
UGI
UGI
$8.25B
| $11M | ﹤0.01% |
217,917
+23,518
| +12% | +$1.18M |
|
1854
PUT
Scorpio Tankers
STNG
$3.75B
| $11M | ﹤0.01% |
368,000
-15,900
| -4% | -$438K |
|
1855
Madison Square Garden
MSGS
$9.59B
| $10.9M | ﹤0.01% |
+58,257
| New | +$11.4M |
|
1856
Qualcomm
QCOM
$175B
| $10.9M | ﹤0.01% |
143,494
+71,494
| +99% | +$5.38M |
|
1857
TransUnion
TRU
$16.2B
| $10.9M | ﹤0.01% |
134,854
+680
| +0.5% | +$54.7K |
|
1858
PUT
Yum China
YUMC
$16.1B
| $10.9M | ﹤0.01% |
240,700
+55,800
| +30% | +$2.49M |
|
|
OSG
1859
CALL
Octave Specialty Group
OSG
$207M
| $10.9M | ﹤0.01% |
558,900
+170,300
| +44% | +$3.13M |
|
1860
CALL
iShares Core S&P Small-Cap ETF
IJR
$111B
| $10.9M | ﹤0.01% |
140,300
-124,400
| -47% | -$9.63M |
|
|
CUK
1861
DELISTED
Carnival PLC
CUK
| $10.9M | ﹤0.01% |
258,801
+58,376
| +29% | +$2.61M |
|
|
NLSN
1862
CALL
DELISTED
Nielsen Holdings plc
NLSN
| $10.9M | ﹤0.01% |
512,300
+245,900
| +92% | +$5.43M |
|
|
CSOD
1863
CALL
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $10.9M | ﹤0.01% |
198,400
+36,100
| +22% | +$2.03M |
|
1864
Vanguard Health Care ETF
VHT
$19.6B
| $10.9M | ﹤0.01% |
64,785
+38,905
| +150% | +$6.66M |
|
1865
PG&E
PCG
$40.1B
| $10.9M | ﹤0.01% |
1,085,081
-132,982
| -11% | -$2.01M |
|
1866
Molina Healthcare
MOH
$10.6B
| $10.8M | ﹤0.01% |
98,817
-8,204
| -8% | -$1.06M |
|
1867
Ares Capital
ARCC
$14.3B
| $10.8M | ﹤0.01% |
581,343
-79,936
| -12% | -$1.48M |
|
1868
CALL
DXC Technology
DXC
$1.69B
| $10.8M | ﹤0.01% |
367,200
+277,200
| +308% | +$11.8M |
|
|
CZR
1869
PUT
DELISTED
Caesars Entertainment Corporation
CZR
| $10.8M | ﹤0.01% |
925,700
-222,400
| -19% | -$2.61M |
|
1870
TotalEnergies
TTE
$193B
| $10.8M | ﹤0.01% |
207,036
+62,822
| +44% | +$3.26M |
|
|
MXIM
1871
CALL
DELISTED
Maxim Integrated Products
MXIM
| $10.8M | ﹤0.01% |
185,800
+7,700
| +4% | +$446K |
|
1872
CALL
Huntsman Corp
HUN
$1.69B
| $10.8M | ﹤0.01% |
462,500
+8,600
| +2% | +$178K |
|
1873
CALL
Vanguard Information Technology ETF
VGT
$145B
| $10.8M | ﹤0.01% |
399,200
+168,000
| +73% | +$4.52M |
|
|
GBT
1874
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $10.7M | ﹤0.01% |
221,444
-699
| -0.3% | -$36.4K |
|
|
AUY
1875
DELISTED
Yamana Gold, Inc.
AUY
| $10.7M | ﹤0.01% |
3,373,809
-890,022
| -21% | -$2.84M |
|
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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.