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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.18B |
| 3 |
Apple
AAPL
|
+$836M |
| 4 |
Alibaba
BABA
|
+$807M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$566M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$429M |
| 2 |
Boeing
BA
|
+$402M |
| 3 |
Coty
COTY
|
+$284M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$104M |
| 5 |
Qualcomm
QCOM
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Communication Services | 1.72% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $256M | 0.09% |
2,346,575
+464,575
| +25% | +$53.6M |
|
177
CALL
Costco
COST
$420B
| $254M | 0.09% |
958,000
-271,900
| -22% | -$67.8M |
|
178
PUT
Lam Research
LRCX
$393B
| $252M | 0.09% |
13,397,000
-2,002,000
| -13% | -$38M |
|
|
CELG
179
PUT
DELISTED
Celgene Corp
CELG
| $250M | 0.09% |
2,702,300
-1,853,700
| -41% | -$176M |
|
180
CALL
FedEx
FDX
$76.9B
| $248M | 0.09% |
1,508,700
+346,100
| +30% | +$60.6M |
|
181
CALL
McDonald's
MCD
$192B
| $247M | 0.09% |
1,189,200
-816,900
| -41% | -$162M |
|
182
ServiceNow
NOW
$133B
| $245M | 0.09% |
4,464,185
+1,492,110
| +50% | +$78.4M |
|
183
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$137M
| $244M | 0.09% |
146,875
+22,325
| +18% | +$39.6M |
|
184
PUT
Workday
WDAY
$49.4B
| $244M | 0.09% |
1,185,100
-192,800
| -14% | -$38.9M |
|
185
PUT
JD.com
JD
$39.7B
| $240M | 0.09% |
7,911,900
-7,200
| -0.1% | -$207K |
|
186
PUT
Home Depot
HD
$335B
| $239M | 0.09% |
1,148,900
+218,200
| +23% | +$43.5M |
|
|
AGN
187
DELISTED
Allergan plc
AGN
| $239M | 0.09% |
1,425,674
+790,168
| +124% | +$109M |
|
188
CALL
DuPont de Nemours
DD
$18.7B
| $239M | 0.09% |
2,531,807
+196,362
| +8% | +$23.4M |
|
189
Bristol-Myers Squibb
BMY
$137B
| $238M | 0.09% |
5,253,180
+1,779,078
| +51% | +$82.9M |
|
190
Mastercard
MA
$509B
| $238M | 0.09% |
899,014
+574,314
| +177% | +$144M |
|
191
PUT
PayPal
PYPL
$52.7B
| $238M | 0.09% |
2,075,900
-238,500
| -10% | -$26.4M |
|
|
192
CALL
Workday
WDAY
$49.4B
| $234M | 0.09% |
1,139,000
-109,400
| -9% | -$22.1M |
|
193
CALL
Intuitive Surgical
ISRG
$134B
| $232M | 0.08% |
1,329,300
-209,700
| -14% | -$35.9M |
|
194
PUT
Twilio
TWLO
$34.6B
| $231M | 0.08% |
1,691,800
+21,500
| +1% | +$2.86M |
|
195
CALL
Caterpillar
CAT
$381B
| $230M | 0.08% |
1,689,600
+290,500
| +21% | +$38.4M |
|
196
CALL
Biogen
BIIB
$32B
| $229M | 0.08% |
979,900
-68,600
| -7% | -$15.8M |
|
197
CALL
Charter Communications
CHTR
$17.9B
| $229M | 0.08% |
578,600
+334,700
| +137% | +$125M |
|
198
PUT
Cisco
CSCO
$438B
| $229M | 0.08% |
4,175,600
+1,620,500
| +63% | +$89.5M |
|
199
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $228M | 0.08% |
859,200
+122,500
| +17% | +$32M |
|
|
200
PUT
DuPont de Nemours
DD
$18.7B
| $228M | 0.08% |
2,414,378
+1,121,656
| +87% | +$134M |
|
Similar funds
Jeff Yass's Q2 2019 Portfolio in Review
As of Q2 2019, Jeff Yass held 11,369 positions worth $275B, up 13% from $243B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $25.4B of net new capital in Q2 2019, opening 2,651 new positions and adding to 3,766 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $429M trimmed.
- Jeff Yass's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
- Jeff Yass added most to Alphabet (Google) Class A in Q2 2019, an estimated $1.18B increase.
- Jeff Yass's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $429M.
- Jeff Yass fully exited Goldcorp Inc in Q2 2019, selling an estimated $26.4M.
- Jeff Yass's ten largest holdings make up 24% of its $275B portfolio in Q2 2019.
- Jeff Yass opened 2,651 new positions and closed 1,221 in Q2 2019.
- Jeff Yass's portfolio value rose 13% quarter-over-quarter to $275B.
Based on Susquehanna International Group's 13F filing for Q2 2019, filed 14 Aug 2019.