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 | |
|---|---|---|---|---|---|---|
201
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $196M | 0.08% |
5,922,600
+289,800
| +5% | +$9.31M |
|
202
CALL
Twilio
TWLO
$34.6B
| $196M | 0.08% |
1,514,500
-590,900
| -28% | -$66.5M |
|
203
PUT
AbbVie
ABBV
$468B
| $195M | 0.08% |
2,419,800
-783,600
| -24% | -$64.1M |
|
204
iShares China Large-Cap ETF
FXI
$4.28B
| $192M | 0.08% |
+4,340,587
| New | +$185M |
|
205
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $191M | 0.08% |
736,700
-2,053,900
| -74% | -$517M |
|
206
CALL
Caterpillar
CAT
$381B
| $190M | 0.08% |
1,399,100
-1,581,600
| -53% | -$210M |
|
207
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
| $189M | 0.08% |
1,714,700
+955,500
| +126% | +$103M |
|
208
PUT
Snap
SNAP
$8.86B
| $188M | 0.08% |
17,016,100
-5,824,200
| -25% | -$49.5M |
|
209
CALL
Spotify
SPOT
$110B
| $187M | 0.08% |
1,346,500
-421,100
| -24% | -$57.6M |
|
210
PUT
Ford
F
$57.5B
| $187M | 0.08% |
21,271,800
-13,362,800
| -39% | -$115M |
|
211
PUT
eBay
EBAY
$46.3B
| $186M | 0.08% |
4,995,000
+2,419,800
| +94% | +$84M |
|
212
CALL
Wynn Resorts
WYNN
$10.3B
| $182M | 0.07% |
1,524,800
-896,700
| -37% | -$107M |
|
213
CALL
Applied Materials
AMAT
$391B
| $181M | 0.07% |
4,573,200
+1,189,400
| +35% | +$45.2M |
|
214
CALL
Mercado Libre
MELI
$97.5B
| $180M | 0.07% |
354,900
-786,000
| -69% | -$313M |
|
|
AABA
215
CALL
DELISTED
Altaba Inc
AABA
| $180M | 0.07% |
2,427,000
+591,900
| +32% | +$40.8M |
|
216
CALL
Blackstone
BX
$108B
| $179M | 0.07% |
5,128,900
+688,700
| +16% | +$23M |
|
217
CALL
Deere & Co
DE
$175B
| $179M | 0.07% |
1,117,900
-700
| -0.1% | -$112K |
|
218
PUT
Home Depot
HD
$335B
| $179M | 0.07% |
930,700
-668,500
| -42% | -$123M |
|
219
CALL
Target
TGT
$75.1B
| $179M | 0.07% |
2,224,300
-1,976,600
| -47% | -$144M |
|
220
Peabody Energy
BTU
$3.37B
| $177M | 0.07% |
6,258,914
-3,076,389
| -33% | -$96.9M |
|
221
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $177M | 0.07% |
6,892,800
-5,813,900
| -46% | -$150M |
|
222
PUT
Shopify
SHOP
$192B
| $177M | 0.07% |
8,573,000
-1,878,000
| -18% | -$33.2M |
|
223
CALL
Honeywell
HON
$68.4B
| $176M | 0.07% |
1,174,527
-239,043
| -17% | -$33.4M |
|
224
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $175M | 0.07% |
2,330,700
+202,200
| +9% | +$14.6M |
|
225
PUT
DuPont de Nemours
DD
$18.7B
| $175M | 0.07% |
1,292,722
+638,917
| +98% | +$88.7M |
|
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 $43.7B in Q1 2019, closing 1,970 positions and reducing 3,279 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.