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 | |
|---|---|---|---|---|---|---|
|
BREW
2001
CALL
DELISTED
Craft Brew Alliance, Inc.
BREW
| $7.53M | ﹤0.01% |
+538,500
| New | +$8.53M |
|
2002
PUT
InterDigital
IDCC
$8.89B
| $7.51M | ﹤0.01% |
113,900
-35,300
| -24% | -$2.45M |
|
2003
CALL
Goodyear
GT
$1.8B
| $7.51M | ﹤0.01% |
414,000
-731,100
| -64% | -$14.2M |
|
2004
CALL
KB Home
KBH
$3.44B
| $7.51M | ﹤0.01% |
310,900
+60,300
| +24% | +$1.34M |
|
2005
Cars.com
CARS
$641M
| $7.51M | ﹤0.01% |
329,472
+236,783
| +255% | +$5.73M |
|
|
RDS.A
2006
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $7.51M | ﹤0.01% |
119,965
+17,956
| +18% | +$1.11M |
|
2007
PUT
Pan American Silver
PAAS
$21.8B
| $7.51M | ﹤0.01% |
566,600
+111,000
| +24% | +$1.55M |
|
2008
CALL
iShares S&P 100 ETF
OEF
$20.3B
| $7.5M | ﹤0.01% |
59,900
+31,500
| +111% | +$3.79M |
|
|
DAY
2009
CALL
DELISTED
Dayforce
DAY
| $7.5M | ﹤0.01% |
146,200
-30,500
| -17% | -$1.35M |
|
|
WMC
2010
CALL
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $7.47M | ﹤0.01% |
73,070
-1,420
| -2% | -$140K |
|
2011
CALL
New York Times
NYT
$11B
| $7.46M | ﹤0.01% |
227,000
+114,600
| +102% | +$3.39M |
|
2012
CALL
Synaptics
SYNA
$3.74B
| $7.46M | ﹤0.01% |
187,600
+83,400
| +80% | +$3.3M |
|
2013
PUT
Bilibili
BILI
$6.76B
| $7.46M | ﹤0.01% |
393,400
+99,600
| +34% | +$1.74M |
|
2014
PUT
Progressive
PGR
$129B
| $7.42M | ﹤0.01% |
103,000
-451,100
| -81% | -$30.9M |
|
2015
iShares MSCI Germany ETF
EWG
$1.73B
| $7.42M | ﹤0.01% |
+275,638
| New | +$7.37M |
|
2016
CALL
Canadian Natural Resources
CNQ
$102B
| $7.41M | ﹤0.01% |
549,911
+89,236
| +19% | +$1.19M |
|
2017
CALL
FMC
FMC
$1.39B
| $7.41M | ﹤0.01% |
96,400
+4,967
| +5% | +$364K |
|
2018
PUT
Marriott Vacations Worldwide
VAC
$3.95B
| $7.41M | ﹤0.01% |
79,200
-1,557,900
| -95% | -$140M |
|
2019
PUT
Teleflex
TFX
$5.88B
| $7.4M | ﹤0.01% |
24,500
+15,800
| +182% | +$4.4M |
|
2020
CALL
Teradyne
TER
$56.8B
| $7.38M | ﹤0.01% |
185,300
-5,700
| -3% | -$213K |
|
2021
CALL
Mid-America Apartment Communities
MAA
$15.3B
| $7.38M | ﹤0.01% |
67,500
+500
| +0.7% | +$51.4K |
|
2022
PUT
AGNC Investment
AGNC
$12.8B
| $7.38M | ﹤0.01% |
409,900
-627,600
| -60% | -$11.2M |
|
|
PTLA
2023
PUT
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $7.37M | ﹤0.01% |
212,500
-252,000
| -54% | -$7.27M |
|
|
PYX
2024
PUT
DELISTED
Pyxus International, Inc.
PYX
| $7.37M | ﹤0.01% |
308,300
+115,300
| +60% | +$2.4M |
|
2025
CALL
TAL Education Group
TAL
$6.48B
| $7.36M | ﹤0.01% |
204,100
-220,600
| -52% | -$7.16M |
|
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.