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
|
+$879M |
| 2 |
Bank of America
BAC
|
+$352M |
| 3 |
Intel
INTC
|
+$243M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$232M |
| 5 |
AB InBev
BUD
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.82B |
| 2 |
Amazon
AMZN
|
+$884M |
| 3 |
Air Products & Chemicals
APD
|
+$219M |
| 4 |
Mondelez International
MDLZ
|
+$198M |
| 5 |
WFT
Weatherford International plc
WFT
|
+$181M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 1.22% |
| 2 | Technology | 1.15% |
| 3 | Consumer Discretionary | 1.1% |
| 4 | Financials | 1.05% |
| 5 | Communication Services | 0.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
CALL
McDonald's
MCD
$192B
| $137M | 0.07% |
1,057,900
-885,600
| -46% | -$111M |
|
252
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.37B
| $137M | 0.07% |
2,586,200
+67,400
| +3% | +$3.51M |
|
253
Western Digital
WDC
$166B
| $137M | 0.07% |
2,191,809
+1,934,104
| +751% | +$111M |
|
254
CALL
EOG Resources
EOG
$80.3B
| $136M | 0.07% |
1,396,300
+221,100
| +19% | +$22M |
|
255
PUT
Herbalife
HLF
$1.33B
| $133M | 0.07% |
4,562,400
-5,657,000
| -55% | -$157M |
|
256
CALL
Target
TGT
$75.1B
| $132M | 0.07% |
2,399,500
-1,204,900
| -33% | -$75M |
|
257
Colgate-Palmolive
CL
$72.6B
| $132M | 0.07% |
1,803,323
+1,767,661
| +4,957% | +$124M |
|
258
iShares MSCI EAFE ETF
EFA
$80B
| $131M | 0.07% |
+2,100,985
| New | +$127M |
|
259
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $131M | 0.07% |
5,099,600
-3,216,200
| -39% | -$80.3M |
|
260
Comcast
CMCSA
$95.3B
| $130M | 0.07% |
3,456,714
+848,156
| +33% | +$31.5M |
|
261
CALL
American Express
AXP
$227B
| $128M | 0.06% |
1,621,200
-187,300
| -10% | -$14.6M |
|
262
CALL
Marriott International
MAR
$92.9B
| $127M | 0.06% |
1,345,900
+474,600
| +54% | +$41.2M |
|
263
Starbucks
SBUX
$122B
| $127M | 0.06% |
2,168,672
+1,290,798
| +147% | +$73M |
|
264
PUT
Macy's
M
$6B
| $126M | 0.06% |
4,258,400
+1,580,600
| +59% | +$48.8M |
|
265
Pfizer
PFE
$160B
| $125M | 0.06% |
3,855,768
+884,433
| +30% | +$27.9M |
|
266
CALL
Humana
HUM
$45.5B
| $124M | 0.06% |
603,700
-995,000
| -62% | -$206M |
|
|
267
PUT
American Express
AXP
$227B
| $124M | 0.06% |
1,564,500
+4,300
| +0.3% | +$336K |
|
268
PUT
Seagate
STX
$193B
| $124M | 0.06% |
2,693,800
+1,079,700
| +67% | +$47.9M |
|
269
Baidu
BIDU
$31.6B
| $123M | 0.06% |
714,170
+477,377
| +202% | +$84M |
|
270
CALL
Hewlett Packard
HPE
$70.8B
| $123M | 0.06% |
8,900,787
+1,194,755
| +16% | +$16.1M |
|
271
PUT
Halliburton
HAL
$29.4B
| $122M | 0.06% |
2,473,600
-4,700
| -0.2% | -$253K |
|
272
Palo Alto Networks
PANW
$292B
| $121M | 0.06% |
6,444,858
+2,955,114
| +85% | +$66.1M |
|
273
PUT
TransDigm Group
TDG
$66.4B
| $121M | 0.06% |
549,500
+484,800
| +749% | +$116M |
|
274
Teva Pharmaceuticals
TEVA
$43.5B
| $120M | 0.06% |
3,751,467
-27,518
| -0.7% | -$939K |
|
|
275
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $120M | 0.06% |
5,261,300
-3,130,100
| -37% | -$72.8M |
|
Similar funds
Jeff Yass's Q1 2017 Portfolio in Review
As of Q1 2017, Jeff Yass held 10,995 positions worth $198B, up 0.36% from $197B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Jeff Yass withdrew a net $14.4B in Q1 2017, closing 2,170 positions and reducing 3,726 holdings. Its most notable exit was Air Products & Chemicals, an estimated $219M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 1.2% of assets, down from 1.2% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares MSCI EAFE ETF worth $131M.
- Jeff Yass's largest Q1 2017 buy was iShares MSCI EAFE ETF: 2,100,985 shares worth $131M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2017, an estimated $879M increase.
- Jeff Yass's biggest Q1 2017 reduction was Apple, cutting an estimated $1.82B.
- Jeff Yass fully exited Air Products & Chemicals in Q1 2017, selling an estimated $219M.
- Jeff Yass's ten largest holdings make up 22% of its $198B portfolio in Q1 2017.
- Jeff Yass opened 1,488 new positions and closed 2,170 in Q1 2017.
- Jeff Yass's portfolio value rose 0.36% quarter-over-quarter to $198B.
Based on Susquehanna International Group's 13F filing for Q1 2017, filed 15 May 2017.