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 | |
|---|---|---|---|---|---|---|
|
ECHO
2076
CALL
EchoStar
ECHO
$24.9B
| $6.93M | ﹤0.01% |
234,460
+130,557
| +126% | +$4.11M |
|
2077
CALL
Keurig Dr Pepper
KDP
$43.8B
| $6.9M | ﹤0.01% |
246,800
+163,200
| +195% | +$4.41M |
|
|
VSM
2078
PUT
DELISTED
Versum Materials, Inc.
VSM
| $6.9M | ﹤0.01% |
137,100
+103,300
| +306% | +$4.11M |
|
|
AUY
2079
DELISTED
Yamana Gold, Inc.
AUY
| $6.89M | ﹤0.01% |
2,641,510
-1,811,110
| -41% | -$4.69M |
|
2080
PUT
Sony
SONY
$141B
| $6.89M | ﹤0.01% |
815,500
-380,000
| -32% | -$3.56M |
|
2081
CALL
Verisk Analytics
VRSK
$24.5B
| $6.89M | ﹤0.01% |
51,800
+24,300
| +88% | +$2.96M |
|
2082
PUT
HealthEquity
HQY
$8.73B
| $6.89M | ﹤0.01% |
93,100
-39,600
| -30% | -$2.78M |
|
2083
PUT
Alarm.com
ALRM
$2.78B
| $6.89M | ﹤0.01% |
106,100
+82,900
| +357% | +$5.03M |
|
|
LHCG
2084
PUT
DELISTED
LHC Group LLC
LHCG
| $6.88M | ﹤0.01% |
62,100
+1,200
| +2% | +$128K |
|
|
NAV
2085
CALL
DELISTED
Navistar International
NAV
| $6.88M | ﹤0.01% |
212,900
-809,000
| -79% | -$26.9M |
|
2086
CALL
AerCap
AER
$23.6B
| $6.87M | ﹤0.01% |
147,600
-103,500
| -41% | -$4.67M |
|
|
IMMU
2087
PUT
DELISTED
Immunomedics Inc
IMMU
| $6.87M | ﹤0.01% |
357,600
-496,500
| -58% | -$8M |
|
2088
PUT
Consolidated Edison
ED
$40B
| $6.86M | ﹤0.01% |
80,900
-87,300
| -52% | -$6.98M |
|
2089
CALL
Church & Dwight Co
CHD
$24.4B
| $6.86M | ﹤0.01% |
96,300
+89,100
| +1,238% | +$5.86M |
|
2090
Gerdau
GGB
$8.75B
| $6.86M | ﹤0.01% |
2,227,428
-664,613
| -23% | -$2.15M |
|
2091
lululemon athletica
LULU
$13.2B
| $6.86M | ﹤0.01% |
+41,834
| New | +$6.11M |
|
2092
CRISPR Therapeutics
CRSP
$5.73B
| $6.85M | ﹤0.01% |
191,658
-13,357
| -7% | -$462K |
|
2093
PUT
Broadridge
BR
$20.7B
| $6.84M | ﹤0.01% |
66,000
-11,300
| -15% | -$1.13M |
|
2094
Delek US
DK
$4.34B
| $6.84M | ﹤0.01% |
+187,697
| New | +$6.39M |
|
2095
Antero Resources
AR
$11.8B
| $6.83M | ﹤0.01% |
+772,935
| New | +$7.3M |
|
|
FISV
2096
PUT
Fiserv Inc
FISV
$27.9B
| $6.82M | ﹤0.01% |
77,300
+43,300
| +127% | +$3.57M |
|
2097
Comscore
SCOR
$79.6M
| $6.82M | ﹤0.01% |
16,835
+2,593
| +18% | +$1.05M |
|
2098
CALL
Alexandria Real Estate Equities
ARE
$9.12B
| $6.81M | ﹤0.01% |
+47,800
| New | +$6.29M |
|
2099
PUT
Repligen
RGEN
$10.2B
| $6.8M | ﹤0.01% |
115,100
+69,000
| +150% | +$3.97M |
|
|
VAR
2100
CALL
DELISTED
Varian Medical Systems, Inc.
VAR
| $6.79M | ﹤0.01% |
47,900
+15,200
| +46% | +$2M |
|
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.