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 | |
|---|---|---|---|---|---|---|
1926
CALL
Amdocs
DOX
$6.5B
| $8.09M | ﹤0.01% |
149,500
+28,800
| +24% | +$1.62M |
|
1927
CALL
ON Semiconductor
ON
$28.5B
| $8.08M | ﹤0.01% |
392,900
+83,300
| +27% | +$1.72M |
|
1928
Coherent
COHR
$57.6B
| $8.07M | ﹤0.01% |
216,803
-11,947
| -5% | -$442K |
|
1929
CALL
Owens Corning
OC
$11.5B
| $8.07M | ﹤0.01% |
171,200
+81,200
| +90% | +$3.97M |
|
1930
CALL
Cars.com
CARS
$641M
| $8.05M | ﹤0.01% |
353,300
+223,600
| +172% | +$5.41M |
|
1931
CALL
Norwegian Cruise Line
NCLH
$7.85B
| $8.04M | ﹤0.01% |
146,300
-59,600
| -29% | -$3.07M |
|
1932
CALL
Puma Biotechnology
PBYI
$473M
| $8.04M | ﹤0.01% |
207,300
+127,300
| +159% | +$3.89M |
|
1933
PUT
Integer Holdings
ITGR
$4.26B
| $8.01M | ﹤0.01% |
106,200
+95,000
| +848% | +$7.77M |
|
|
BLUE
1934
DELISTED
bluebird bio
BLUE
| $8.01M | ﹤0.01% |
3,929
-11,905
| -75% | -$21M |
|
1935
PUT
Sysco
SYY
$39.9B
| $8M | ﹤0.01% |
119,800
+69,500
| +138% | +$4.52M |
|
1936
CALL
KLX Energy Services
KLXE
$35.5M
| $8M | ﹤0.01% |
+63,600
| New | +$8.43M |
|
1937
CALL
Nektar Therapeutics
NKTR
$2.52B
| $7.98M | ﹤0.01% |
15,840
-57,493
| -78% | -$34.1M |
|
1938
CALL
Axalta
AXTA
$7.84B
| $7.98M | ﹤0.01% |
316,600
-175,000
| -36% | -$4.51M |
|
|
DISCK
1939
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $7.98M | ﹤0.01% |
313,843
-298,827
| -49% | -$7.81M |
|
1940
Fidelity National Financial
FNF
$12.7B
| $7.97M | ﹤0.01% |
226,910
-19,871
| -8% | -$666K |
|
1941
CALL
Cardinal Health
CAH
$55.4B
| $7.96M | ﹤0.01% |
165,300
+26,500
| +19% | +$1.33M |
|
1942
PUT
Direxion Daily MSCI India Bull 2X ETF
INDL
$56.6M
| $7.94M | ﹤0.01% |
104,000
+19,800
| +24% | +$1.3M |
|
|
EXAS
1943
DELISTED
Exact Sciences
EXAS
| $7.93M | ﹤0.01% |
91,532
-5,661
| -6% | -$482K |
|
1944
CALL
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $7.92M | ﹤0.01% |
94,200
-35,500
| -27% | -$2.97M |
|
|
VAR
1945
PUT
DELISTED
Varian Medical Systems, Inc.
VAR
| $7.92M | ﹤0.01% |
55,900
+29,600
| +113% | +$3.89M |
|
|
TGP
1946
PUT
DELISTED
Teekay LNG Partners L.P.
TGP
| $7.91M | ﹤0.01% |
528,800
-72,900
| -12% | -$989K |
|
1947
CALL
Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
$2.27B
| $7.9M | ﹤0.01% |
36,470
+28,360
| +350% | +$5.49M |
|
1948
CALL
Aptiv
APTV
$9.61B
| $7.89M | ﹤0.01% |
99,300
-49,100
| -33% | -$3.77M |
|
1949
CALL
Repligen
RGEN
$10.2B
| $7.89M | ﹤0.01% |
133,600
+101,000
| +310% | +$5.81M |
|
|
BEAT
1950
CALL
DELISTED
BioTelemetry, Inc.
BEAT
| $7.89M | ﹤0.01% |
126,000
-47,700
| -27% | -$3.28M |
|
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.