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 | |
|---|---|---|---|---|---|---|
176
PUT
McDonald's
MCD
$192B
| $225M | 0.09% |
1,184,100
-448,100
| -27% | -$81.3M |
|
177
PUT
lululemon athletica
LULU
$13.7B
| $225M | 0.09% |
1,371,100
+590,200
| +76% | +$86.2M |
|
178
CALL
AutoZone
AZO
$48.3B
| $223M | 0.09% |
218,000
-109,300
| -33% | -$98.1M |
|
|
TWTR
179
PUT
DELISTED
Twitter, Inc.
TWTR
| $221M | 0.09% |
6,713,400
-2,052,400
| -23% | -$65.1M |
|
180
CALL
Philip Morris
PM
$293B
| $220M | 0.09% |
2,491,400
+1,491,500
| +149% | +$120M |
|
181
CALL
ServiceNow
NOW
$133B
| $219M | 0.09% |
4,434,500
+1,189,500
| +37% | +$52.3M |
|
182
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $219M | 0.09% |
2,247
+4
| +0.2% | +$509K |
|
183
PUT
Kraft Heinz
KHC
$30.3B
| $216M | 0.09% |
6,566,500
+2,357,900
| +56% | +$96.1M |
|
184
PUT
Twilio
TWLO
$34.6B
| $216M | 0.09% |
1,670,300
+55,000
| +3% | +$6.19M |
|
185
CALL
FedEx
FDX
$76.9B
| $211M | 0.09% |
1,162,600
+623,800
| +116% | +$110M |
|
186
PUT
Blackrock
BLK
$179B
| $210M | 0.09% |
491,300
-72,400
| -13% | -$30.4M |
|
187
CALL
Lowe's Companies
LOW
$121B
| $210M | 0.09% |
1,914,100
-1,753,200
| -48% | -$175M |
|
188
PUT
SPDR Gold Trust
GLD
$152B
| $209M | 0.09% |
1,714,200
+104,200
| +6% | +$12.8M |
|
189
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $209M | 0.09% |
2,305,600
-327,900
| -12% | -$27.9M |
|
190
PUT
Union Pacific
UNP
$183B
| $208M | 0.09% |
1,245,900
+86,200
| +7% | +$13.9M |
|
191
CALL
Altria Group
MO
$110B
| $208M | 0.09% |
3,626,200
+1,550,900
| +75% | +$79.3M |
|
192
CALL
Gilead Sciences
GILD
$181B
| $207M | 0.09% |
3,188,700
-542,300
| -15% | -$36M |
|
193
AT&T
T
$173B
| $207M | 0.08% |
8,718,609
+5,045,558
| +137% | +$116M |
|
|
194
PUT
Lowe's Companies
LOW
$121B
| $206M | 0.08% |
1,883,800
-1,342,800
| -42% | -$134M |
|
195
CALL
Tilray
TLRY
$666M
| $206M | 0.08% |
313,690
+14,920
| +5% | +$11.4M |
|
196
PUT
Deere & Co
DE
$175B
| $205M | 0.08% |
1,283,900
+583,700
| +83% | +$93.3M |
|
197
CALL
Nike
NKE
$60.5B
| $204M | 0.08% |
2,421,700
+667,700
| +38% | +$55.1M |
|
198
Advanced Micro Devices
AMD
$773B
| $202M | 0.08% |
7,928,848
-3,762,101
| -32% | -$85.4M |
|
199
PUT
Roku
ROKU
$23.4B
| $201M | 0.08% |
3,117,800
+872,300
| +39% | +$46.7M |
|
|
AGN
200
CALL
DELISTED
Allergan plc
AGN
| $201M | 0.08% |
1,371,300
-63,400
| -4% | -$9.19M |
|
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 $43.7B in Q1 2019, closing 1,970 positions and reducing 3,279 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.