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 |
Apple
AAPL
|
+$1.31B |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$339M |
| 3 |
Tesla
TSLA
|
+$275M |
| 4 |
Alibaba
BABA
|
+$236M |
| 5 |
AGN
Allergan plc
AGN
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$474M |
| 2 |
Gilead Sciences
GILD
|
+$359M |
| 3 |
Amazon
AMZN
|
+$274M |
| 4 |
Intel
INTC
|
+$248M |
| 5 |
Microsoft
MSFT
|
+$237M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.38% |
| 2 | Consumer Discretionary | 1.42% |
| 3 | Communication Services | 1.04% |
| 4 | Healthcare | 0.74% |
| 5 | Financials | 0.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $179M | 0.07% |
6,755,200
+2,096,800
| +45% | +$56.3M |
|
227
CALL
Norfolk Southern
NSC
$78.8B
| $179M | 0.07% |
1,354,200
+223,600
| +20% | +$27.2M |
|
228
CALL
Expedia Group
EXPE
$38.6B
| $177M | 0.07% |
1,227,300
+667,900
| +119% | +$99M |
|
229
CALL
Philip Morris
PM
$293B
| $176M | 0.07% |
1,587,400
+88,900
| +6% | +$10.3M |
|
230
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $176M | 0.07% |
539,200
-66,400
| -11% | -$21.1M |
|
231
CALL
American Express
AXP
$227B
| $176M | 0.07% |
1,940,100
-47,000
| -2% | -$4.04M |
|
232
PUT
Honeywell
HON
$68.4B
| $175M | 0.07% |
1,366,144
+755,303
| +124% | +$93.7M |
|
233
PUT
United Parcel Service
UPS
$86.8B
| $175M | 0.07% |
1,454,700
+30,300
| +2% | +$3.44M |
|
234
CALL
Palo Alto Networks
PANW
$292B
| $174M | 0.07% |
7,247,400
-356,400
| -5% | -$8.12M |
|
235
CALL
American Airlines Group
AAL
$9.15B
| $174M | 0.07% |
3,660,700
-416,700
| -10% | -$20.2M |
|
236
PUT
Equifax
EFX
$22.6B
| $173M | 0.07% |
1,633,600
+1,627,600
| +27,127% | +$215M |
|
237
PUT
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $172M | 0.07% |
5,117,100
-317,900
| -6% | -$10.7M |
|
238
CALL
Wynn Resorts
WYNN
$10.3B
| $171M | 0.07% |
1,151,000
+388,000
| +51% | +$52.9M |
|
239
PUT
Oracle
ORCL
$422B
| $170M | 0.07% |
3,521,600
+737,200
| +26% | +$36.7M |
|
240
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $170M | 0.07% |
659
+533
| +423% | +$205M |
|
|
241
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $168M | 0.07% |
669,588
-1,923,571
| -74% | -$474M |
|
242
CALL
iShares US Real Estate ETF
IYR
$4.62B
| $167M | 0.06% |
2,088,600
-313,500
| -13% | -$25.2M |
|
243
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $167M | 0.06% |
2,349,700
-743,600
| -24% | -$51.1M |
|
244
CALL
Target
TGT
$75.1B
| $167M | 0.06% |
2,825,200
+829,500
| +42% | +$46.5M |
|
245
PUT
SLB Ltd
SLB
$79.9B
| $166M | 0.06% |
2,382,800
-335,900
| -12% | -$22.2M |
|
|
246
PUT
Target
TGT
$75.1B
| $165M | 0.06% |
2,789,400
+594,500
| +27% | +$33.3M |
|
247
CALL
Herbalife
HLF
$1.33B
| $162M | 0.06% |
4,787,200
+2,122,600
| +80% | +$72.6M |
|
248
Costco
COST
$420B
| $162M | 0.06% |
984,964
-289,568
| -23% | -$45.5M |
|
249
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $161M | 0.06% |
4,538,300
-479,400
| -10% | -$16.9M |
|
|
250
PUT
Herbalife
HLF
$1.33B
| $160M | 0.06% |
4,726,800
+720,200
| +18% | +$24.6M |
|
Similar funds
Jeff Yass's Q3 2017 Portfolio in Review
As of Q3 2017, Jeff Yass held 10,422 positions worth $259B, up 14% from $228B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $19.7B of net new capital in Q3 2017, opening 1,312 new positions and adding to 3,605 existing holdings. Its largest new stake was JPMorgan Chase: 794,224 shares worth $75.9M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 2% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $474M trimmed.
- Jeff Yass's largest Q3 2017 buy was JPMorgan Chase: 794,224 shares worth $75.9M.
- Jeff Yass added most to Apple in Q3 2017, an estimated $1.31B increase.
- Jeff Yass's biggest Q3 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $474M.
- Jeff Yass fully exited iShares 20+ Year Treasury Bond ETF in Q3 2017, selling an estimated $69.3M.
- Jeff Yass's ten largest holdings make up 24% of its $259B portfolio in Q3 2017.
- Jeff Yass opened 1,312 new positions and closed 1,693 in Q3 2017.
- Jeff Yass's portfolio value rose 14% quarter-over-quarter to $259B.
Based on Susquehanna International Group's 13F filing for Q3 2017, filed 14 Nov 2017.