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 | |
|---|---|---|---|---|---|---|
1951
CALL
ProShares UltraShort S&P500
SDS
$396M
| $7.88M | ﹤0.01% |
9,472
-29,032
| -75% | -$26.4M |
|
1952
CALL
Mettler-Toledo International
MTD
$28B
| $7.88M | ﹤0.01% |
10,900
+3,300
| +43% | +$2.15M |
|
1953
3D Systems Corp
DDD
$548M
| $7.86M | ﹤0.01% |
+730,437
| New | +$8.68M |
|
1954
PUT
Designer Brands
DBI
$290M
| $7.86M | ﹤0.01% |
353,500
+178,200
| +102% | +$4.67M |
|
1955
PUT
Ryder
R
$9.57B
| $7.85M | ﹤0.01% |
126,700
+44,900
| +55% | +$2.63M |
|
1956
PUT
AeroVironment
AVAV
$7.46B
| $7.84M | ﹤0.01% |
114,600
+72,300
| +171% | +$5.45M |
|
|
DCH
1957
CALL
Dauch Corp
DCH
$1.52B
| $7.83M | ﹤0.01% |
547,300
-1,204,100
| -69% | -$17.4M |
|
1958
Lam Research
LRCX
$392B
| $7.83M | ﹤0.01% |
437,400
-3,135,180
| -88% | -$52.3M |
|
1959
PUT
Dillards
DDS
$9.87B
| $7.83M | ﹤0.01% |
108,700
-69,200
| -39% | -$4.76M |
|
1960
CALL
Xerox
XRX
$391M
| $7.82M | ﹤0.01% |
244,600
-410,200
| -63% | -$11.6M |
|
1961
CALL
Hain Celestial
HAIN
$69.9M
| $7.81M | ﹤0.01% |
337,800
+198,500
| +142% | +$3.83M |
|
1962
PUT
VanEck JP Morgan EM Local Currency Bond ETF
EMLC
$4.84B
| $7.81M | ﹤0.01% |
234,000
+207,500
| +783% | +$7.04M |
|
|
BPY
1963
PUT
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $7.8M | ﹤0.01% |
379,100
+144,800
| +62% | +$2.74M |
|
|
FDC
1964
PUT
DELISTED
First Data Corporation
FDC
| $7.79M | ﹤0.01% |
296,700
+73,300
| +33% | +$1.74M |
|
1965
International Flavors & Fragrances
IFF
$22.2B
| $7.79M | ﹤0.01% |
+60,455
| New | +$8.02M |
|
|
PFPT
1966
PUT
DELISTED
Proofpoint, Inc.
PFPT
| $7.78M | ﹤0.01% |
64,100
-3,400
| -5% | -$373K |
|
1967
PUT
iShares MSCI ACWI ETF
ACWI
$33.3B
| $7.77M | ﹤0.01% |
107,700
+44,000
| +69% | +$3.06M |
|
1968
PUT
Puma Biotechnology
PBYI
$473M
| $7.77M | ﹤0.01% |
200,200
-500
| -0.2% | -$15.3K |
|
1969
CALL
Xylem
XYL
$26.5B
| $7.76M | ﹤0.01% |
98,200
+46,500
| +90% | +$3.39M |
|
1970
CALL
Wyndham Hotels & Resorts
WH
$5.7B
| $7.76M | ﹤0.01% |
155,200
+88,600
| +133% | +$4.48M |
|
1971
Okta
OKTA
$23.4B
| $7.74M | ﹤0.01% |
93,558
-6,414
| -6% | -$508K |
|
1972
CALL
Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
$3.45B
| $7.74M | ﹤0.01% |
182,300
-128,100
| -41% | -$5.28M |
|
1973
PUT
IQVIA
IQV
$43B
| $7.74M | ﹤0.01% |
53,800
+13,800
| +35% | +$1.84M |
|
1974
Globant
GLOB
$1.67B
| $7.74M | ﹤0.01% |
108,360
+82,560
| +320% | +$5.55M |
|
1975
PUT
Annaly Capital Management
NLY
$17.2B
| $7.73M | ﹤0.01% |
193,500
-106,775
| -36% | -$4.36M |
|
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.