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
|
+$685M |
| 2 |
BAS
Basis Energy Services, Inc.
BAS
|
+$459M |
| 3 |
WFT
Weatherford International plc
WFT
|
+$354M |
| 4 |
Air Products & Chemicals
APD
|
+$216M |
| 5 |
Mondelez International
MDLZ
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$3.97B |
| 2 |
Bank of America
BAC
|
+$1.16B |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$192M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$174M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$141M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.75% |
| 2 | Consumer Discretionary | 1.45% |
| 3 | Healthcare | 1.23% |
| 4 | Financials | 1.18% |
| 5 | Energy | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
CALL
United Airlines
UAL
$36.7B
| $150M | 0.08% |
2,062,100
+796,700
| +63% | +$50.8M |
|
227
CALL
ConocoPhillips
COP
$162B
| $149M | 0.08% |
2,981,100
-364,300
| -11% | -$16.8M |
|
228
CALL
iShares US Real Estate ETF
IYR
$4.62B
| $149M | 0.08% |
1,941,000
+127,000
| +7% | +$9.65M |
|
229
PUT
Kinder Morgan
KMI
$69B
| $147M | 0.07% |
7,076,500
+16,300
| +0.2% | +$345K |
|
230
CALL
PepsiCo
PEP
$196B
| $146M | 0.07% |
1,394,500
-182,500
| -12% | -$19.1M |
|
231
PUT
American Airlines Group
AAL
$9.15B
| $145M | 0.07% |
3,105,700
-1,193,100
| -28% | -$52M |
|
232
CALL
US Bancorp
USB
$96.7B
| $145M | 0.07% |
2,819,300
-153,600
| -5% | -$7.3M |
|
233
CALL
CF Industries
CF
$19.6B
| $144M | 0.07% |
4,568,600
+3,060,200
| +203% | +$82.3M |
|
234
CALL
Lockheed Martin
LMT
$130B
| $143M | 0.07% |
573,400
-80,000
| -12% | -$20M |
|
|
B
235
PUT
Barrick Mining
B
$78.3B
| $141M | 0.07% |
8,798,800
+1,714,600
| +24% | +$27.2M |
|
236
CALL
Salesforce
CRM
$171B
| $140M | 0.07% |
2,046,300
-136,600
| -6% | -$9.91M |
|
237
PUT
BP
BP
$115B
| $139M | 0.07% |
4,335,417
-1,330,266
| -23% | -$40M |
|
238
PUT
Coca-Cola
KO
$392B
| $139M | 0.07% |
3,345,500
-1,350,800
| -29% | -$56.2M |
|
239
Teva Pharmaceuticals
TEVA
$43.5B
| $137M | 0.07% |
3,778,985
+434,552
| +13% | +$17.3M |
|
240
Visa
V
$693B
| $135M | 0.07% |
+1,730,598
| New | +$139M |
|
241
CALL
United Rentals
URI
$68.4B
| $135M | 0.07% |
1,278,800
-16,100
| -1% | -$1.47M |
|
242
Ford
F
$57.5B
| $135M | 0.07% |
11,101,852
+2,416,820
| +28% | +$29.3M |
|
243
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $134M | 0.07% |
1,552,400
+460,500
| +42% | +$39.7M |
|
244
PUT
Bausch Health
BHC
$2.41B
| $134M | 0.07% |
9,246,300
+1,321,700
| +17% | +$24.2M |
|
245
PUT
Halliburton
HAL
$29.4B
| $134M | 0.07% |
2,478,300
+368,400
| +17% | +$18.4M |
|
|
246
Procter & Gamble
PG
$336B
| $134M | 0.07% |
1,593,922
-46,555,886
| -97% | -$3.97B |
|
247
CALL
American Express
AXP
$227B
| $134M | 0.07% |
1,808,500
-111,200
| -6% | -$7.7M |
|
248
AT&T
T
$173B
| $134M | 0.07% |
4,168,651
+3,939,864
| +1,722% | +$116M |
|
249
PUT
SLB Ltd
SLB
$79.9B
| $134M | 0.07% |
1,595,000
-455,000
| -22% | -$37.3M |
|
250
PUT
Medtronic
MDT
$119B
| $134M | 0.07% |
1,875,400
+429,800
| +30% | +$33.8M |
|
Similar funds
Jeff Yass's Q4 2016 Portfolio in Review
As of Q4 2016, Jeff Yass held 10,783 positions worth $197B, down 4.9% from $207B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $12.7B in Q4 2016, closing 1,274 positions and reducing 3,383 holdings. Its most notable exit was Synchrony, an estimated $104M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, up from 1.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jeff Yass opened a new position in Basis Energy Services, Inc. worth $59.7M.
- Jeff Yass's largest Q4 2016 buy was Basis Energy Services, Inc.: 1,689,160 shares worth $59.7M.
- Jeff Yass added most to Amazon in Q4 2016, an estimated $685M increase.
- Jeff Yass's biggest Q4 2016 reduction was Procter & Gamble, cutting an estimated $3.97B.
- Jeff Yass fully exited Synchrony in Q4 2016, selling an estimated $104M.
- Jeff Yass's ten largest holdings make up 21% of its $197B portfolio in Q4 2016.
- Jeff Yass opened 2,442 new positions and closed 1,274 in Q4 2016.
- Jeff Yass's portfolio value fell 4.9% quarter-over-quarter to $197B.
Based on Susquehanna International Group's 13F filing for Q4 2016, filed 14 Feb 2017.