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 | |
|---|---|---|---|---|---|---|
201
PUT
Merck
MRK
$376B
| $250M | 0.08% |
3,109,940
+1,091,492
| +54% | +$87.5M |
|
202
CALL
General Dynamics
GD
$104B
| $250M | 0.08% |
1,366,300
+1,136,900
| +496% | +$211M |
|
|
203
iShares Russell 2000 ETF
IWM
$81.9B
| $249M | 0.08% |
1,642,810
-1,539,639
| -48% | -$235M |
|
204
CALL
JD.com
JD
$39.7B
| $248M | 0.08% |
8,797,500
+1,837,700
| +26% | +$55.5M |
|
205
Microsoft
MSFT
$3.59T
| $245M | 0.08% |
1,761,483
+351,343
| +25% | +$48.3M |
|
206
PUT
Pfizer
PFE
$160B
| $245M | 0.08% |
7,174,894
+3,306,082
| +85% | +$120M |
|
207
CALL
Amgen
AMGN
$238B
| $243M | 0.08% |
1,256,100
-271,100
| -18% | -$52M |
|
208
CALL
Intuitive Surgical
ISRG
$134B
| $241M | 0.08% |
1,340,700
+11,400
| +0.9% | +$1.97M |
|
209
CALL
Medtronic
MDT
$119B
| $241M | 0.08% |
2,221,100
+537,600
| +32% | +$56.1M |
|
210
CALL
Twilio
TWLO
$34.6B
| $238M | 0.08% |
2,165,200
+568,000
| +36% | +$73.7M |
|
211
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $238M | 0.08% |
1,661,160
+1,238,271
| +293% | +$172M |
|
212
Petrobras Class A
PBR.A
$111B
| $235M | 0.08% |
17,901,592
-4,144,882
| -19% | -$55.3M |
|
213
PUT
3M
MMM
$92.3B
| $231M | 0.08% |
1,677,031
-411,185
| -20% | -$57.5M |
|
|
214
CALL
Pfizer
PFE
$160B
| $230M | 0.08% |
6,760,040
-1,380,213
| -17% | -$50.2M |
|
215
PUT
Constellation Brands
STZ
$23.2B
| $230M | 0.08% |
1,108,600
+106,400
| +11% | +$21.4M |
|
216
PUT
RH
RH
$2.9B
| $228M | 0.08% |
1,332,100
+646,900
| +94% | +$92.1M |
|
217
PUT
Starbucks
SBUX
$122B
| $226M | 0.08% |
2,561,200
+1,196,300
| +88% | +$111M |
|
218
CALL
Baidu
BIDU
$31.6B
| $226M | 0.08% |
2,200,600
-236,200
| -10% | -$25.4M |
|
219
CALL
Marathon Petroleum
MPC
$101B
| $225M | 0.08% |
3,700,300
+530,200
| +17% | +$27.9M |
|
220
CALL
Lockheed Martin
LMT
$130B
| $223M | 0.07% |
572,300
+164,700
| +40% | +$61.9M |
|
|
221
PUT
Lockheed Martin
LMT
$130B
| $222M | 0.07% |
568,500
+199,800
| +54% | +$75.1M |
|
|
222
CALL
Constellation Brands
STZ
$23.2B
| $221M | 0.07% |
1,065,900
+126,600
| +13% | +$25.4M |
|
223
CALL
Lam Research
LRCX
$393B
| $221M | 0.07% |
9,543,000
+230,000
| +2% | +$4.83M |
|
224
CALL
Blackstone
BX
$108B
| $220M | 0.07% |
4,508,000
+466,300
| +12% | +$22.7M |
|
225
CALL
Gilead Sciences
GILD
$181B
| $219M | 0.07% |
3,458,800
+700,300
| +25% | +$45.8M |
|
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.