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 | |
|---|---|---|---|---|---|---|
251
CALL
Halliburton
HAL
$29.4B
| $132M | 0.07% |
2,449,300
-19,200
| -0.8% | -$957K |
|
252
Netflix
NFLX
$331B
| $131M | 0.07% |
10,580,470
-10,634,610
| -50% | -$126M |
|
253
CALL
Ford
F
$57.5B
| $130M | 0.07% |
10,717,400
+4,512,400
| +73% | +$54.7M |
|
254
CALL
United States Natural Gas Fund
UNG
$506M
| $130M | 0.07% |
866,913
+633,794
| +272% | +$86.1M |
|
|
DFS
255
CALL
DELISTED
Discover Financial Services
DFS
| $129M | 0.07% |
1,785,500
+731,000
| +69% | +$46.5M |
|
256
PUT
PepsiCo
PEP
$196B
| $128M | 0.06% |
1,221,000
-226,700
| -16% | -$23.7M |
|
257
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.37B
| $127M | 0.06% |
2,518,800
-503,400
| -17% | -$21.8M |
|
258
CALL
JD.com
JD
$39.7B
| $127M | 0.06% |
4,988,000
+17,300
| +0.3% | +$451K |
|
259
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $127M | 0.06% |
2,450,500
-779,800
| -24% | -$40.4M |
|
260
PUT
Oracle
ORCL
$422B
| $126M | 0.06% |
3,273,100
-329,800
| -9% | -$12.9M |
|
|
ALXN
261
PUT
DELISTED
Alexion Pharmaceuticals
ALXN
| $125M | 0.06% |
1,025,700
+567,300
| +124% | +$69.4M |
|
262
CALL
Altria Group
MO
$110B
| $125M | 0.06% |
1,855,000
-479,700
| -21% | -$30.9M |
|
|
TWX
263
CALL
DELISTED
Time Warner Inc
TWX
| $125M | 0.06% |
1,294,600
+90,000
| +7% | +$8.01M |
|
|
WBA
264
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $125M | 0.06% |
1,507,900
+481,500
| +47% | +$39.8M |
|
265
PUT
State Street SPDR S&P Retail ETF
XRT
$491M
| $124M | 0.06% |
2,811,600
-31,600
| -1% | -$1.41M |
|
|
TWTR
266
CALL
DELISTED
Twitter, Inc.
TWTR
| $123M | 0.06% |
7,572,200
-3,805,100
| -33% | -$69.8M |
|
267
Nike
NKE
$60.5B
| $123M | 0.06% |
2,414,804
+439,105
| +22% | +$22.5M |
|
268
NETSCOUT
NTCT
$2.8B
| $123M | 0.06% |
3,894,753
-482,705
| -11% | -$14.8M |
|
269
Alphabet (Google) Class C
GOOG
$4.18T
| $123M | 0.06% |
3,178,460
+1,491,180
| +88% | +$58.1M |
|
270
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $122M | 0.06% |
2,062,000
+794,800
| +63% | +$49.1M |
|
271
PUT
Domino's
DPZ
$11.3B
| $121M | 0.06% |
761,100
+623,700
| +454% | +$101M |
|
|
MON
272
DELISTED
Monsanto Co
MON
| $121M | 0.06% |
1,150,616
-648,745
| -36% | -$66.5M |
|
273
PUT
Deutsche Bank
DB
$71.1B
| $121M | 0.06% |
7,482,944
+3,991,008
| +114% | +$56.2M |
|
|
TWX
274
PUT
DELISTED
Time Warner Inc
TWX
| $120M | 0.06% |
1,248,200
+820,700
| +192% | +$73.1M |
|
275
CALL
Intuitive Surgical
ISRG
$134B
| $120M | 0.06% |
1,708,200
-20,700
| -1% | -$1.52M |
|
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.