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 | |
|---|---|---|---|---|---|---|
326
PUT
McDonald's
MCD
$192B
| $102M | 0.05% |
783,500
-750,900
| -49% | -$94.2M |
|
327
CALL
Advanced Micro Devices
AMD
$773B
| $101M | 0.05% |
6,972,700
+992,000
| +17% | +$12.6M |
|
|
PNRA
328
CALL
DELISTED
Panera Bread Co
PNRA
| $101M | 0.05% |
387,200
+128,000
| +49% | +$29.1M |
|
329
PUT
Colgate-Palmolive
CL
$72.6B
| $101M | 0.05% |
1,382,900
+467,600
| +51% | +$32.7M |
|
|
MBLY
330
CALL
DELISTED
Mobileye N.V.
MBLY
| $101M | 0.05% |
1,638,100
-438,500
| -21% | -$21.1M |
|
331
PUT
Las Vegas Sands
LVS
$30.5B
| $100M | 0.05% |
1,760,500
-208,800
| -11% | -$11.4M |
|
332
UnitedHealth
UNH
$350B
| $100M | 0.05% |
+611,982
| New | +$100M |
|
333
CALL
Best Buy
BBY
$18.1B
| $99.9M | 0.05% |
2,032,200
+498,300
| +32% | +$22.3M |
|
334
CALL
PayPal
PYPL
$52.7B
| $99.2M | 0.05% |
2,305,500
+543,800
| +31% | +$22.8M |
|
335
PUT
Under Armour
UAA
$2.32B
| $98.3M | 0.05% |
4,971,600
+1,775,800
| +56% | +$41.4M |
|
336
CALL
Ford
F
$57.5B
| $98.2M | 0.05% |
8,438,800
-2,278,600
| -21% | -$28.3M |
|
337
CALL
Skyworks Solutions
SWKS
$10.1B
| $97.8M | 0.05% |
998,500
-364,400
| -27% | -$33.3M |
|
338
CALL
Energy Transfer Partners
ET
$73B
| $97.6M | 0.05% |
4,946,000
-124,500
| -2% | -$2.35M |
|
339
CALL
Qualcomm
QCOM
$169B
| $97M | 0.05% |
1,691,900
-923,500
| -35% | -$53.6M |
|
340
PUT
United Airlines
UAL
$36.7B
| $96.7M | 0.05% |
1,368,800
+240,300
| +21% | +$17.4M |
|
341
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $96.7M | 0.05% |
1,231,500
-3,019,600
| -71% | -$236M |
|
|
342
CALL
iShares US Real Estate ETF
IYR
$4.62B
| $96.6M | 0.05% |
1,230,500
-710,500
| -37% | -$55.5M |
|
343
PUT
Equinix
EQIX
$105B
| $96.3M | 0.05% |
240,600
+87,500
| +57% | +$33.2M |
|
344
CALL
Kraft Heinz
KHC
$30.3B
| $96.1M | 0.05% |
1,058,400
-176,200
| -14% | -$15.9M |
|
345
PUT
Bausch Health
BHC
$2.41B
| $96M | 0.05% |
8,701,600
-544,700
| -6% | -$7.49M |
|
346
CALL
Palo Alto Networks
PANW
$292B
| $95.7M | 0.05% |
5,094,000
+504,000
| +11% | +$11.3M |
|
347
Invesco QQQ Trust
QQQ
$486B
| $95.6M | 0.05% |
721,961
-194,906
| -21% | -$24.9M |
|
348
PUT
Ulta Beauty
ULTA
$22.4B
| $94.6M | 0.05% |
331,700
-63,700
| -16% | -$17.4M |
|
349
PUT
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.86B
| $94.4M | 0.05% |
+1,500,000
| New | +$90.2M |
|
|
RTN
350
PUT
DELISTED
Raytheon Company
RTN
| $94.4M | 0.05% |
618,700
-161,700
| -21% | -$24.3M |
|
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.