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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $14.7B | 4.91% |
49,376,100
+11,918,900
| +32% | +$3.52B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $11.5B | 3.84% |
38,631,000
+4,804,800
| +14% | +$1.42B |
|
|
3
PUT
Amazon
AMZN
$2.79T
| $11B | 3.68% |
126,512,000
+10,950,000
| +9% | +$1.02B |
|
|
4
CALL
Amazon
AMZN
$2.79T
| $8.6B | 2.88% |
99,134,000
+6,464,000
| +7% | +$599M |
|
5
CALL
Apple
AAPL
$4.51T
| $5.44B | 1.82% |
97,222,400
+24,070,400
| +33% | +$1.26B |
|
6
PUT
Invesco QQQ Trust
QQQ
$486B
| $4.79B | 1.6% |
25,353,400
-3,413,300
| -12% | -$647M |
|
|
7
PUT
Apple
AAPL
$4.51T
| $3.95B | 1.32% |
70,574,800
+153,600
| +0.2% | +$8.03M |
|
8
PUT
Tesla
TSLA
$1.43T
| $3.79B | 1.27% |
236,008,500
-50,935,500
| -18% | -$797M |
|
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $3.57B | 1.2% |
12,038,776
-2,306,766
| -16% | -$682M |
|
|
10
CALL
Invesco QQQ Trust
QQQ
$486B
| $3.31B | 1.11% |
17,537,300
-6,308,500
| -26% | -$1.2B |
|
11
PUT
Booking.com
BKNG
$158B
| $3.03B | 1.01% |
38,577,500
+5,605,000
| +17% | +$434M |
|
|
12
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $2.89B | 0.97% |
19,101,200
+2,877,800
| +18% | +$439M |
|
|
13
Amazon
AMZN
$2.79T
| $2.82B | 0.94% |
32,468,680
+17,057,320
| +111% | +$1.58B |
|
|
14
CALL
Meta Platforms (Facebook)
META
$1.4T
| $2.75B | 0.92% |
15,468,600
-1,411,900
| -8% | -$268M |
|
|
15
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.63B | 0.88% |
43,008,000
-8,076,000
| -16% | -$478M |
|
|
16
PUT
Netflix
NFLX
$331B
| $2.5B | 0.84% |
93,424,000
+56,226,000
| +151% | +$1.76B |
|
|
17
CALL
Tesla
TSLA
$1.43T
| $2.09B | 0.7% |
130,209,000
-16,407,000
| -11% | -$257M |
|
|
18
PUT
Alibaba
BABA
$286B
| $2.07B | 0.69% |
12,370,000
-486,000
| -4% | -$83.5M |
|
19
PUT
Boeing
BA
$169B
| $2.03B | 0.68% |
5,300,600
-202,400
| -4% | -$72.3M |
|
20
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $2.02B | 0.68% |
120,185,000
+11,865,000
| +11% | +$189M |
|
|
21
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.01B | 0.67% |
32,958,000
+4,178,000
| +15% | +$247M |
|
|
22
CALL
Netflix
NFLX
$331B
| $1.94B | 0.65% |
72,472,000
+35,096,000
| +94% | +$1.1B |
|
23
PUT
Microsoft
MSFT
$3.59T
| $1.94B | 0.65% |
13,925,600
+3,052,600
| +28% | +$420M |
|
|
24
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.93B | 0.65% |
10,844,100
+2,161,000
| +25% | +$411M |
|
|
25
CALL
Microsoft
MSFT
$3.59T
| $1.79B | 0.6% |
12,891,100
-2,190,500
| -15% | -$301M |
|
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.