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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.18B |
| 3 |
Apple
AAPL
|
+$836M |
| 4 |
Alibaba
BABA
|
+$807M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$566M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$429M |
| 2 |
Boeing
BA
|
+$402M |
| 3 |
Coty
COTY
|
+$284M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$104M |
| 5 |
Qualcomm
QCOM
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Consumer Discretionary | 1.83% |
| 3 | Communication Services | 1.72% |
| 4 | Financials | 1.35% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Amazon
AMZN
$2.79T
| $11B | 4% |
115,562,000
-4,404,000
| -4% | -$410M |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $11B | 3.99% |
37,457,200
+13,799,900
| +58% | +$3.97B |
|
|
3
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $9.91B | 3.6% |
33,826,200
+9,726,300
| +40% | +$2.8B |
|
|
4
CALL
Amazon
AMZN
$2.79T
| $8.82B | 3.21% |
92,670,000
-15,420,000
| -14% | -$1.44B |
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $5.37B | 1.95% |
28,766,700
+211,400
| +0.7% | +$38.9M |
|
|
6
CALL
Invesco QQQ Trust
QQQ
$486B
| $4.45B | 1.62% |
23,845,800
+2,799,300
| +13% | +$515M |
|
7
PUT
Tesla
TSLA
$1.43T
| $4.27B | 1.55% |
286,944,000
+86,722,500
| +43% | +$1.35B |
|
|
8
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $4.2B | 1.53% |
+14,345,542
| New | +$4.13B |
|
|
9
CALL
Apple
AAPL
$4.51T
| $3.65B | 1.33% |
73,152,000
-39,919,200
| -35% | -$1.95B |
|
|
10
PUT
Apple
AAPL
$4.51T
| $3.52B | 1.28% |
70,421,200
-23,394,000
| -25% | -$1.14B |
|
11
CALL
Meta Platforms (Facebook)
META
$1.4T
| $3.26B | 1.18% |
16,880,500
+1,994,600
| +13% | +$364M |
|
|
12
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.77B | 1% |
51,084,000
+14,770,000
| +41% | +$855M |
|
13
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $2.52B | 0.92% |
16,223,400
-6,636,200
| -29% | -$1.02B |
|
14
PUT
Booking.com
BKNG
$158B
| $2.47B | 0.9% |
32,972,500
-3,220,000
| -9% | -$231M |
|
|
15
PUT
Alibaba
BABA
$286B
| $2.2B | 0.8% |
12,856,000
+3,205,500
| +33% | +$553M |
|
|
16
CALL
Tesla
TSLA
$1.43T
| $2.18B | 0.79% |
146,616,000
+30,571,500
| +26% | +$476M |
|
17
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $2.08B | 0.76% |
15,649,900
+9,823,900
| +169% | +$1.25B |
|
18
CALL
Microsoft
MSFT
$3.59T
| $2.02B | 0.74% |
15,081,600
+2,767,100
| +22% | +$351M |
|
|
19
PUT
Boeing
BA
$169B
| $2B | 0.73% |
5,503,000
-1,918,300
| -26% | -$699M |
|
|
20
CALL
Alibaba
BABA
$286B
| $1.82B | 0.66% |
10,667,800
+1,310,900
| +14% | +$226M |
|
|
21
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.68B | 0.61% |
8,683,100
-3,872,700
| -31% | -$708M |
|
|
22
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.63B | 0.59% |
30,051,680
+20,399,200
| +211% | +$1.18B |
|
23
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $1.59B | 0.58% |
108,320,000
+37,315,000
| +53% | +$526M |
|
|
24
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.56B | 0.57% |
28,780,000
+3,018,000
| +12% | +$175M |
|
25
PUT
NVIDIA
NVDA
$5.2T
| $1.54B | 0.56% |
374,132,000
+77,840,000
| +26% | +$323M |
|
Similar funds
Jeff Yass's Q2 2019 Portfolio in Review
As of Q2 2019, Jeff Yass held 11,369 positions worth $275B, up 13% from $243B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $25.4B of net new capital in Q2 2019, opening 2,651 new positions and adding to 3,766 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 1.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was Walt Disney, an estimated $429M trimmed.
- Jeff Yass's largest Q2 2019 buy was State Street SPDR S&P 500 ETF Trust: 14,345,542 shares worth $4.2B.
- Jeff Yass added most to Alphabet (Google) Class A in Q2 2019, an estimated $1.18B increase.
- Jeff Yass's biggest Q2 2019 reduction was Walt Disney, cutting an estimated $429M.
- Jeff Yass fully exited Goldcorp Inc in Q2 2019, selling an estimated $26.4M.
- Jeff Yass's ten largest holdings make up 24% of its $275B portfolio in Q2 2019.
- Jeff Yass opened 2,651 new positions and closed 1,221 in Q2 2019.
- Jeff Yass's portfolio value rose 13% quarter-over-quarter to $275B.
Based on Susquehanna International Group's 13F filing for Q2 2019, filed 14 Aug 2019.