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
|
+$781M |
| 2 |
Amazon
AMZN
|
+$728M |
| 3 |
AABA
Altaba Inc
AABA
|
+$535M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$296M |
| 5 |
Booking.com
BKNG
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$353M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$261M |
| 3 |
Alibaba
BABA
|
+$228M |
| 4 |
Citigroup
C
|
+$170M |
| 5 |
DuPont de Nemours
DD
|
+$165M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.03% |
| 2 | Consumer Discretionary | 1.46% |
| 3 | Financials | 1.01% |
| 4 | Healthcare | 0.92% |
| 5 | Communication Services | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $129M | 0.06% |
2,352,500
-267,400
| -10% | -$14.4M |
|
277
PUT
JD.com
JD
$39.7B
| $128M | 0.06% |
3,251,500
+1,531,000
| +89% | +$57.8M |
|
278
iShares MSCI EAFE ETF
EFA
$80B
| $126M | 0.06% |
1,934,271
-166,714
| -8% | -$10.8M |
|
279
CALL
US Bancorp
USB
$96.7B
| $125M | 0.06% |
2,417,000
+164,800
| +7% | +$8.49M |
|
|
280
JD.com
JD
$39.7B
| $125M | 0.06% |
3,194,735
+2,313,601
| +263% | +$87.3M |
|
281
Broadcom
AVGO
$1.75T
| $125M | 0.06% |
5,371,380
+3,141,870
| +141% | +$72.9M |
|
282
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22B
| $124M | 0.05% |
4,780,600
-1,844,600
| -28% | -$48.4M |
|
|
B
283
PUT
Barrick Mining
B
$78.3B
| $124M | 0.05% |
7,794,400
+1,700,100
| +28% | +$29.1M |
|
284
CALL
Delta Air Lines
DAL
$54.2B
| $124M | 0.05% |
2,302,000
-27,600
| -1% | -$1.35M |
|
285
CALL
Agnico Eagle Mines
AEM
$109B
| $123M | 0.05% |
2,733,600
+223,400
| +9% | +$10.5M |
|
286
CALL
Salesforce
CRM
$171B
| $123M | 0.05% |
1,417,500
-321,900
| -19% | -$28M |
|
287
CALL
PepsiCo
PEP
$196B
| $123M | 0.05% |
1,062,000
-206,000
| -16% | -$23.6M |
|
|
MBLY
288
PUT
DELISTED
Mobileye N.V.
MBLY
| $122M | 0.05% |
1,949,000
-522,400
| -21% | -$32.4M |
|
289
CALL
Blackrock
BLK
$179B
| $122M | 0.05% |
289,700
+3,200
| +1% | +$1.28M |
|
290
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $122M | 0.05% |
1,795,900
+171,900
| +11% | +$11.5M |
|
291
PUT
American Express
AXP
$227B
| $122M | 0.05% |
1,447,400
-117,100
| -7% | -$9.27M |
|
|
292
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22B
| $121M | 0.05% |
4,658,400
-441,200
| -9% | -$11.6M |
|
293
PUT
American Airlines Group
AAL
$9.15B
| $121M | 0.05% |
2,404,600
-868,000
| -27% | -$40.4M |
|
|
AABA
294
CALL
DELISTED
Altaba Inc
AABA
| $121M | 0.05% |
+2,214,400
| New | +$121M |
|
295
PUT
Mondelez International
MDLZ
$82.3B
| $120M | 0.05% |
2,782,200
+377,100
| +16% | +$17M |
|
|
TWTR
296
DELISTED
Twitter, Inc.
TWTR
| $120M | 0.05% |
6,711,410
-971,089
| -13% | -$16.5M |
|
297
PUT
Charter Communications
CHTR
$17.9B
| $120M | 0.05% |
355,200
-94,300
| -21% | -$31.5M |
|
298
United States Oil Fund
USO
$2.1B
| $120M | 0.05% |
1,574,137
+936,038
| +147% | +$74.9M |
|
299
CALL
Adobe
ADBE
$109B
| $120M | 0.05% |
845,800
+128,500
| +18% | +$17.6M |
|
300
CALL
MGM Resorts International
MGM
$11B
| $118M | 0.05% |
3,783,600
+1,915,100
| +102% | +$59.2M |
|
Similar funds
Jeff Yass's Q2 2017 Portfolio in Review
As of Q2 2017, Jeff Yass held 10,525 positions worth $228B, up 15% from $198B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Jeff Yass deployed $21.5B of net new capital in Q2 2017, opening 1,702 new positions and adding to 3,804 existing holdings. Its largest new stake was Altaba Inc: 9,835,232 shares worth $536M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, up from 1.2% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $353M trimmed.
- Jeff Yass's largest Q2 2017 buy was Altaba Inc: 9,835,232 shares worth $536M.
- Jeff Yass added most to Apple in Q2 2017, an estimated $781M increase.
- Jeff Yass's biggest Q2 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $353M.
- Jeff Yass fully exited Alphabet (Google) Class C in Q2 2017, selling an estimated $261M.
- Jeff Yass's ten largest holdings make up 22% of its $228B portfolio in Q2 2017.
- Jeff Yass opened 1,702 new positions and closed 1,419 in Q2 2017.
- Jeff Yass's portfolio value rose 15% quarter-over-quarter to $228B.
Based on Susquehanna International Group's 13F filing for Q2 2017, filed 15 Aug 2017.