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 | |
|---|---|---|---|---|---|---|
301
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.54B
| $130M | 0.05% |
3,163,400
+387,600
| +14% | +$15.5M |
|
302
PUT
American Airlines Group
AAL
$9.15B
| $130M | 0.05% |
2,747,700
+343,100
| +14% | +$16.6M |
|
303
PUT
Halliburton
HAL
$29.4B
| $130M | 0.05% |
2,833,000
-531,300
| -16% | -$22.3M |
|
304
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $130M | 0.05% |
856,600
+55,200
| +7% | +$8.31M |
|
305
Salesforce
CRM
$171B
| $130M | 0.05% |
1,392,428
+492,002
| +55% | +$45.3M |
|
306
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $130M | 0.05% |
1,498,000
+100,200
| +7% | +$8.03M |
|
307
PUT
Automatic Data Processing
ADP
$112B
| $130M | 0.05% |
1,185,100
+794,500
| +203% | +$85.1M |
|
308
PUT
Deere & Co
DE
$175B
| $129M | 0.05% |
1,030,800
-111,800
| -10% | -$13.8M |
|
309
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $129M | 0.05% |
2,357,800
+919,000
| +64% | +$48.2M |
|
310
CALL
ConocoPhillips
COP
$162B
| $129M | 0.05% |
2,568,100
+460,800
| +22% | +$20.7M |
|
|
311
PUT
ConocoPhillips
COP
$162B
| $128M | 0.05% |
2,560,000
-50,100
| -2% | -$2.25M |
|
312
PUT
Bausch Health
BHC
$2.41B
| $128M | 0.05% |
8,926,300
-453,100
| -5% | -$6.85M |
|
313
JD.com
JD
$39.7B
| $127M | 0.05% |
3,314,252
+119,517
| +4% | +$5.12M |
|
314
CALL
Applied Materials
AMAT
$391B
| $126M | 0.05% |
2,421,200
+440,500
| +22% | +$19.9M |
|
315
PUT
Humana
HUM
$45.5B
| $126M | 0.05% |
517,100
+64,700
| +14% | +$15.9M |
|
316
PUT
Delta Air Lines
DAL
$54.2B
| $126M | 0.05% |
2,605,600
+964,000
| +59% | +$48M |
|
317
CALL
PepsiCo
PEP
$196B
| $125M | 0.05% |
1,118,800
+56,800
| +5% | +$6.56M |
|
318
PUT
Trip.com Group
TCOM
$29B
| $125M | 0.05% |
2,362,100
+1,537,900
| +187% | +$83.5M |
|
|
X
319
PUT
DELISTED
US Steel
X
| $125M | 0.05% |
4,854,600
-2,880,000
| -37% | -$70.5M |
|
|
TWTR
320
DELISTED
Twitter, Inc.
TWTR
| $125M | 0.05% |
7,381,590
+670,180
| +10% | +$11.7M |
|
321
PUT
Northrop Grumman
NOC
$78.3B
| $124M | 0.05% |
432,500
+205,700
| +91% | +$55.4M |
|
322
PUT
DuPont de Nemours
DD
$18.7B
| $124M | 0.05% |
707,982
+14,413
| +2% | +$2.4M |
|
323
CALL
Cigna
CI
$73.3B
| $124M | 0.05% |
662,900
-265,200
| -29% | -$47.2M |
|
324
Peabody Energy
BTU
$3.37B
| $124M | 0.05% |
4,265,458
+1,143,030
| +37% | +$32.2M |
|
|
325
PUT
PepsiCo
PEP
$196B
| $122M | 0.05% |
1,098,800
-135,200
| -11% | -$15.6M |
|
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.