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 | |
|---|---|---|---|---|---|---|
2051
First Solar
FSLR
$22.1B
| $7.14M | ﹤0.01% |
135,203
-531,430
| -80% | -$26.8M |
|
2052
PUT
Teradyne
TER
$56.8B
| $7.14M | ﹤0.01% |
179,200
-122,000
| -41% | -$4.56M |
|
2053
PUT
Applied Optoelectronics
AAOI
$9.66B
| $7.13M | ﹤0.01% |
584,000
-9,000
| -2% | -$136K |
|
|
SWN
2054
CALL
DELISTED
Southwestern Energy Company
SWN
| $7.11M | ﹤0.01% |
1,516,400
+1,318,200
| +665% | +$5.7M |
|
2055
CALL
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$721M
| $7.11M | ﹤0.01% |
5,935
-4,310
| -42% | -$4.48M |
|
|
SGMO
2056
PUT
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $7.1M | ﹤0.01% |
743,900
+35,700
| +5% | +$365K |
|
2057
PUT
Eastman Chemical
EMN
$8.34B
| $7.09M | ﹤0.01% |
93,500
-2,700
| -3% | -$215K |
|
|
AKS
2058
PUT
DELISTED
AK Steel Holding Corp
AKS
| $7.09M | ﹤0.01% |
2,579,900
-612,500
| -19% | -$1.74M |
|
2059
PUT
H&R Block
HRB
$6.49B
| $7.09M | ﹤0.01% |
296,300
-301,300
| -50% | -$7.41M |
|
|
GWR
2060
CALL
DELISTED
Genesee & Wyoming Inc.
GWR
| $7.09M | ﹤0.01% |
81,400
+74,200
| +1,031% | +$6.02M |
|
2061
SS&C Technologies
SSNC
$19.5B
| $7.09M | ﹤0.01% |
111,273
-27,666
| -20% | -$1.54M |
|
2062
PUT
Revvity
RVTY
$14.1B
| $7.08M | ﹤0.01% |
73,500
+70,600
| +2,434% | +$6.36M |
|
|
SIVB
2063
DELISTED
SVB Financial Group
SIVB
| $7.08M | ﹤0.01% |
31,839
+20,549
| +182% | +$4.78M |
|
2064
PUT
Gerdau
GGB
$8.75B
| $7.08M | ﹤0.01% |
2,297,988
-782,838
| -25% | -$2.54M |
|
2065
CALL
Textron
TXT
$14.3B
| $7.06M | ﹤0.01% |
139,300
+19,500
| +16% | +$1.01M |
|
2066
CALL
Dover
DOV
$27.6B
| $7.05M | ﹤0.01% |
75,200
+12,100
| +19% | +$1.05M |
|
2067
CALL
W.P. Carey
WPC
$16.2B
| $7.01M | ﹤0.01% |
91,380
-94,136
| -51% | -$6.78M |
|
|
RTL
2068
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $7M | ﹤0.01% |
648,253
+477,434
| +279% | +$5.67M |
|
2069
Zillow
ZG
$8.09B
| $7M | ﹤0.01% |
204,531
-54,591
| -21% | -$1.93M |
|
2070
CALL
SiriusXM
SIRI
$9.61B
| $6.99M | ﹤0.01% |
123,350
+4,320
| +4% | +$257K |
|
2071
PUT
National Healthcare
NHC
$3.53B
| $6.97M | ﹤0.01% |
91,800
+48,500
| +112% | +$3.85M |
|
2072
CALL
GATX Corp
GATX
$6.3B
| $6.95M | ﹤0.01% |
91,000
+69,400
| +321% | +$5.19M |
|
2073
Vanguard Information Technology ETF
VGT
$145B
| $6.95M | ﹤0.01% |
277,056
-66,272
| -19% | -$1.54M |
|
2074
CALL
NewMarket
NEU
$8.51B
| $6.94M | ﹤0.01% |
16,000
+13,700
| +596% | +$5.79M |
|
|
KL
2075
CALL
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $6.93M | ﹤0.01% |
227,800
+39,500
| +21% | +$1.25M |
|
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.