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 | |
|---|---|---|---|---|---|---|
|
NUAN
1976
CALL
DELISTED
Nuance Communications, Inc.
NUAN
| $7.73M | ﹤0.01% |
527,258
-3,234
| -0.6% | -$44.9K |
|
|
GAP
1977
The Gap Inc
GAP
$7.61B
| $7.72M | ﹤0.01% |
295,082
-165,408
| -36% | -$4.23M |
|
|
PE
1978
DELISTED
PARSLEY ENERGY INC
PE
| $7.71M | ﹤0.01% |
+399,329
| New | +$7.33M |
|
1979
PUT
Keysight
KEYS
$54.8B
| $7.7M | ﹤0.01% |
88,300
-16,200
| -16% | -$1.26M |
|
1980
PUT
TD Synnex
SNX
$20.4B
| $7.7M | ﹤0.01% |
161,400
+128,600
| +392% | +$6.08M |
|
1981
NXP Semiconductors
NXPI
$56.3B
| $7.69M | ﹤0.01% |
+87,023
| New | +$7.65M |
|
1982
State Street Materials Select Sector SPDR ETF
XLB
$8.9B
| $7.69M | ﹤0.01% |
277,102
+15,468
| +6% | +$417K |
|
1983
iShares MSCI South Korea ETF
EWY
$27.9B
| $7.67M | ﹤0.01% |
+125,927
| New | +$7.81M |
|
|
SNV
1984
PUT
DELISTED
Synovus
SNV
| $7.67M | ﹤0.01% |
223,200
+41,600
| +23% | +$1.53M |
|
1985
CALL
Delek US
DK
$4.34B
| $7.67M | ﹤0.01% |
210,500
+141,900
| +207% | +$4.83M |
|
1986
Invesco S&P SmallCap Health Care ETF
PSCH
$188M
| $7.65M | ﹤0.01% |
198,657
-395,142
| -67% | -$15.4M |
|
|
WPX
1987
PUT
DELISTED
WPX Energy, Inc.
WPX
| $7.65M | ﹤0.01% |
583,400
-307,900
| -35% | -$3.86M |
|
1988
CALL
Gartner
IT
$12.2B
| $7.64M | ﹤0.01% |
50,400
+32,600
| +183% | +$4.52M |
|
1989
PUT
AerCap
AER
$23.6B
| $7.64M | ﹤0.01% |
164,100
-23,700
| -13% | -$1.07M |
|
1990
PUT
Linde
LIN
$226B
| $7.63M | ﹤0.01% |
43,400
-58,900
| -58% | -$9.78M |
|
1991
Vanguard Short-Term Bond ETF
BSV
$45.7B
| $7.63M | ﹤0.01% |
95,850
+75,880
| +380% | +$5.99M |
|
|
RDFN
1992
PUT
DELISTED
Redfin
RDFN
| $7.63M | ﹤0.01% |
376,200
+204,700
| +119% | +$3.73M |
|
1993
Whirlpool
WHR
$2.62B
| $7.61M | ﹤0.01% |
57,262
-96,987
| -63% | -$12.8M |
|
|
SRG
1994
CALL
Seritage Growth Properties
SRG
$119M
| $7.59M | ﹤0.01% |
170,900
-72,500
| -30% | -$3.01M |
|
1995
Boston Beer
SAM
$1.91B
| $7.59M | ﹤0.01% |
+25,763
| New | +$7.05M |
|
1996
Invesco Solar ETF
TAN
$1.26B
| $7.57M | ﹤0.01% |
326,959
+218,406
| +201% | +$4.97M |
|
1997
PUT
Under Armour Class C
UA
$2.16B
| $7.56M | ﹤0.01% |
400,500
-718,700
| -64% | -$13.6M |
|
1998
CALL
Direxion Daily Small Cap Bear 3x ETF
TZA
$243M
| $7.54M | ﹤0.01% |
1,915
-219
| -10% | -$938K |
|
1999
First Financial Bankshares
FFIN
$4.83B
| $7.53M | ﹤0.01% |
+260,672
| New | +$7.96M |
|
|
CIT
2000
CALL
DELISTED
CIT Group Inc.
CIT
| $7.53M | ﹤0.01% |
157,000
+65,700
| +72% | +$3.09M |
|
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.