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 |
Amazon
AMZN
|
+$1.58B |
| 2 |
Netflix
NFLX
|
+$496M |
| 3 |
Meta Platforms (Facebook)
META
|
+$275M |
| 4 |
Alibaba
BABA
|
+$215M |
| 5 |
UnitedHealth
UNH
|
+$189M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$926M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$682M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$556M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$246M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$235M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 2.18% |
| 2 | Technology | 2.09% |
| 3 | Communication Services | 1.44% |
| 4 | Financials | 1.21% |
| 5 | Healthcare | 1.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
PUT
GoPro
GPRO
$110M
| $9.79M | ﹤0.01% |
1,888,900
-330,700
| -15% | -$1.55M |
|
1977
Tenet Healthcare
THC
$22.1B
| $9.77M | ﹤0.01% |
441,837
-18,641
| -4% | -$397K |
|
1978
HubSpot
HUBS
$11.8B
| $9.77M | ﹤0.01% |
64,438
+46,619
| +262% | +$8.38M |
|
|
OPTU
1979
CALL
Optimum Communications Inc
OPTU
$412M
| $9.76M | ﹤0.01% |
340,400
+163,900
| +93% | +$4.46M |
|
1980
PUT
Willis Towers Watson
WTW
$31.9B
| $9.74M | ﹤0.01% |
50,500
+40,800
| +421% | +$7.97M |
|
1981
SS&C Technologies
SSNC
$19.5B
| $9.72M | ﹤0.01% |
188,586
+1,847
| +1% | +$94.4K |
|
1982
PUT
Xerox
XRX
$391M
| $9.71M | ﹤0.01% |
324,700
+56,900
| +21% | +$1.78M |
|
1983
PUT
iShares Russell 2000 Value ETF
IWN
$14.6B
| $9.71M | ﹤0.01% |
81,300
+37,600
| +86% | +$4.44M |
|
1984
CALL
Service Corp International
SCI
$11.6B
| $9.7M | ﹤0.01% |
202,900
+101,800
| +101% | +$4.78M |
|
1985
CALL
Franklin Templeton
BEN
$17.8B
| $9.7M | ﹤0.01% |
336,100
-300,100
| -47% | -$9.17M |
|
1986
CALL
Eastman Chemical
EMN
$8.34B
| $9.69M | ﹤0.01% |
131,300
-9,200
| -7% | -$660K |
|
1987
PUT
Snap-on
SNA
$20.6B
| $9.69M | ﹤0.01% |
61,900
-40,300
| -39% | -$6.19M |
|
1988
CALL
First Majestic Silver
AG
$10.3B
| $9.69M | ﹤0.01% |
1,065,600
+53,200
| +5% | +$520K |
|
1989
Keurig Dr Pepper
KDP
$43.8B
| $9.66M | ﹤0.01% |
353,621
-5,671
| -2% | -$158K |
|
|
BID
1990
PUT
DELISTED
Sotheby's
BID
| $9.64M | ﹤0.01% |
169,200
-2,200
| -1% | -$127K |
|
|
VSM
1991
PUT
DELISTED
Versum Materials, Inc.
VSM
| $9.64M | ﹤0.01% |
182,100
+92,500
| +103% | +$4.81M |
|
1992
PUT
FirstEnergy
FE
$27B
| $9.63M | ﹤0.01% |
199,700
+26,600
| +15% | +$1.2M |
|
1993
Boyd Gaming
BYD
$5.86B
| $9.63M | ﹤0.01% |
401,947
+94,256
| +31% | +$2.38M |
|
1994
Agios Pharmaceuticals
AGIO
$2.03B
| $9.62M | ﹤0.01% |
297,046
+173,616
| +141% | +$7.19M |
|
1995
CALL
TripAdvisor
TRIP
$1.16B
| $9.6M | ﹤0.01% |
248,200
+30,600
| +14% | +$1.27M |
|
1996
CALL
ICU Medical
ICUI
$4.49B
| $9.59M | ﹤0.01% |
60,100
+13,000
| +28% | +$2.59M |
|
|
ONC
1997
PUT
BeOne Medicines Ltd
ONC
$42.5B
| $9.59M | ﹤0.01% |
78,300
+46,000
| +142% | +$6.11M |
|
1998
Axalta
AXTA
$7.84B
| $9.58M | ﹤0.01% |
317,808
+29,681
| +10% | +$876K |
|
|
VMRK
1999
Vivmark Residential
VMRK
$26.7B
| $9.57M | ﹤0.01% |
110,984
+102,107
| +1,150% | +$8.35M |
|
|
NBL
2000
DELISTED
Noble Energy, Inc.
NBL
| $9.57M | ﹤0.01% |
426,069
+140,950
| +49% | +$3.14M |
|
Similar funds
Jeff Yass's Q3 2019 Portfolio in Review
As of Q3 2019, Jeff Yass held 11,380 positions worth $298B, up 8.4% from $275B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $26.9B of net new capital in Q3 2019, opening 1,223 new positions and adding to 4,885 existing holdings. Its largest new stake was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.8% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $926M trimmed.
- Jeff Yass's largest Q3 2019 buy was iShares US Treasury Bond ETF: 2,524,484 shares worth $66.5M.
- Jeff Yass added most to Amazon in Q3 2019, an estimated $1.58B increase.
- Jeff Yass's biggest Q3 2019 reduction was Alphabet (Google) Class A, cutting an estimated $926M.
- Jeff Yass fully exited Tableau Software, Inc. in Q3 2019, selling an estimated $179M.
- Jeff Yass's ten largest holdings make up 24% of its $298B portfolio in Q3 2019.
- Jeff Yass opened 1,223 new positions and closed 1,294 in Q3 2019.
- Jeff Yass's portfolio value rose 8.4% quarter-over-quarter to $298B.
Based on Susquehanna International Group's 13F filing for Q3 2019, filed 14 Nov 2019.