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 | |
|---|---|---|---|---|---|---|
|
1
PUT
Amazon
AMZN
$2.79T
| $10.7B | 4.39% |
119,966,000
-30,398,000
| -20% | -$2.53B |
|
|
2
CALL
Amazon
AMZN
$2.79T
| $9.62B | 3.95% |
108,090,000
-60,318,000
| -36% | -$5.02B |
|
|
3
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $6.81B | 2.8% |
24,099,900
-3,836,600
| -14% | -$1.04B |
|
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $6.68B | 2.75% |
23,657,300
-18,101,500
| -43% | -$4.92B |
|
|
5
CALL
Apple
AAPL
$4.51T
| $5.37B | 2.21% |
113,071,200
+55,674,800
| +97% | +$2.36B |
|
6
PUT
Invesco QQQ Trust
QQQ
$486B
| $5.13B | 2.11% |
28,555,300
-9,155,700
| -24% | -$1.55B |
|
|
7
PUT
Apple
AAPL
$4.51T
| $4.46B | 1.83% |
93,815,200
-3,359,200
| -3% | -$142M |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $3.78B | 1.55% |
21,046,500
+1,925,200
| +10% | +$327M |
|
9
PUT
Tesla
TSLA
$1.43T
| $3.74B | 1.54% |
200,221,500
-16,243,500
| -8% | -$326M |
|
10
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $3.5B | 1.44% |
22,859,600
-685,000
| -3% | -$103M |
|
|
11
PUT
Boeing
BA
$169B
| $2.83B | 1.16% |
7,421,300
+3,705,300
| +100% | +$1.43B |
|
12
PUT
Booking.com
BKNG
$158B
| $2.53B | 1.04% |
36,192,500
+8,852,500
| +32% | +$632M |
|
13
CALL
Meta Platforms (Facebook)
META
$1.4T
| $2.48B | 1.02% |
14,885,900
-7,386,100
| -33% | -$1.17B |
|
|
14
CALL
Tesla
TSLA
$1.43T
| $2.17B | 0.89% |
116,044,500
-14,757,000
| -11% | -$296M |
|
|
15
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.14B | 0.88% |
36,314,000
-13,288,000
| -27% | -$750M |
|
|
16
PUT
Meta Platforms (Facebook)
META
$1.4T
| $2.09B | 0.86% |
12,555,800
-5,147,800
| -29% | -$819M |
|
|
17
PUT
Alibaba
BABA
$286B
| $1.76B | 0.72% |
9,650,500
-3,758,200
| -28% | -$632M |
|
|
18
CALL
Alibaba
BABA
$286B
| $1.71B | 0.7% |
9,356,900
-3,178,900
| -25% | -$535M |
|
|
19
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.7B | 0.7% |
11,084,500
-5,418,800
| -33% | -$814M |
|
20
PUT
Netflix
NFLX
$331B
| $1.67B | 0.69% |
46,820,000
-34,056,000
| -42% | -$1.18B |
|
|
21
CALL
Boeing
BA
$169B
| $1.58B | 0.65% |
4,146,500
+1,438,000
| +53% | +$554M |
|
|
22
CALL
Netflix
NFLX
$331B
| $1.53B | 0.63% |
43,038,000
-22,860,000
| -35% | -$793M |
|
|
23
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.52B | 0.62% |
25,762,000
-14,328,000
| -36% | -$809M |
|
|
24
CALL
Booking.com
BKNG
$158B
| $1.47B | 0.6% |
21,040,000
-4,197,500
| -17% | -$300M |
|
25
CALL
Microsoft
MSFT
$3.59T
| $1.45B | 0.6% |
12,314,500
-4,285,300
| -26% | -$468M |
|
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.