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 | |
|---|---|---|---|---|---|---|
|
MON
301
DELISTED
Monsanto Co
MON
| $111M | 0.06% |
982,162
-168,454
| -15% | -$18.6M |
|
|
TWX
302
CALL
DELISTED
Time Warner Inc
TWX
| $110M | 0.06% |
1,129,500
-165,100
| -13% | -$16M |
|
303
PUT
Northrop Grumman
NOC
$78.3B
| $110M | 0.06% |
463,400
+95,500
| +26% | +$22.7M |
|
304
PUT
lululemon athletica
LULU
$13.7B
| $110M | 0.06% |
2,122,700
+526,100
| +33% | +$34.6M |
|
305
CALL
Blackrock
BLK
$179B
| $110M | 0.06% |
286,500
+21,700
| +8% | +$8.3M |
|
|
EA
306
PUT
DELISTED
Electronic Arts
EA
| $110M | 0.06% |
1,226,500
+831,300
| +210% | +$70.8M |
|
307
CALL
T-Mobile US
TMUS
$196B
| $110M | 0.06% |
1,698,100
-8,387,200
| -83% | -$516M |
|
308
PUT
Mastercard
MA
$509B
| $108M | 0.05% |
956,300
+155,400
| +19% | +$17M |
|
|
309
PUT
Blackrock
BLK
$179B
| $107M | 0.05% |
280,100
+29,700
| +12% | +$11.4M |
|
310
CALL
Delta Air Lines
DAL
$54.2B
| $107M | 0.05% |
2,329,600
-1,391,000
| -37% | -$67.9M |
|
311
CALL
American Tower
AMT
$81.9B
| $107M | 0.05% |
879,300
+82,400
| +10% | +$9.06M |
|
312
CALL
Agnico Eagle Mines
AEM
$109B
| $107M | 0.05% |
2,510,200
+1,279,600
| +104% | +$57.5M |
|
313
PUT
Advanced Micro Devices
AMD
$773B
| $106M | 0.05% |
7,264,600
-434,100
| -6% | -$5.51M |
|
314
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $106M | 0.05% |
1,624,000
+657,400
| +68% | +$42.5M |
|
315
CALL
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $105M | 0.05% |
2,048,800
+940,200
| +85% | +$47.9M |
|
|
AET
316
PUT
DELISTED
Aetna Inc
AET
| $105M | 0.05% |
820,900
-854,000
| -51% | -$107M |
|
317
CALL
Rio Tinto
RIO
$171B
| $105M | 0.05% |
2,573,600
+2,083,700
| +425% | +$88.5M |
|
318
CALL
United Airlines
UAL
$36.7B
| $104M | 0.05% |
1,476,600
-585,500
| -28% | -$42.3M |
|
319
PUT
Expedia Group
EXPE
$38.6B
| $104M | 0.05% |
823,400
-126,800
| -13% | -$15.5M |
|
320
CALL
Kimberly-Clark
KMB
$36.4B
| $104M | 0.05% |
787,700
+208,100
| +36% | +$26.2M |
|
|
321
PUT
Mondelez International
MDLZ
$82.3B
| $104M | 0.05% |
2,405,100
+90,800
| +4% | +$4.02M |
|
322
PUT
PepsiCo
PEP
$196B
| $103M | 0.05% |
924,100
-296,900
| -24% | -$31.9M |
|
323
CALL
ConocoPhillips
COP
$162B
| $103M | 0.05% |
2,071,500
-909,600
| -31% | -$44M |
|
324
PUT
Texas Instruments
TXN
$241B
| $103M | 0.05% |
1,279,400
+425,100
| +50% | +$32.9M |
|
325
PUT
SLB Ltd
SLB
$79.9B
| $102M | 0.05% |
1,309,800
-285,200
| -18% | -$23.3M |
|
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.