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 | |
|---|---|---|---|---|---|---|
326
PUT
Humana
HUM
$45.5B
| $109M | 0.05% |
452,400
-537,900
| -54% | -$122M |
|
327
PUT
Cummins
CMI
$80.9B
| $108M | 0.05% |
668,600
+224,500
| +51% | +$34.8M |
|
328
CALL
T-Mobile US
TMUS
$196B
| $108M | 0.05% |
1,787,900
+89,800
| +5% | +$5.85M |
|
329
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.6B
| $108M | 0.05% |
1,397,800
+374,800
| +37% | +$26.6M |
|
330
PUT
TransDigm Group
TDG
$66.4B
| $107M | 0.05% |
399,600
-149,900
| -27% | -$38M |
|
331
PUT
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.54B
| $107M | 0.05% |
2,775,800
+986,300
| +55% | +$37.8M |
|
332
PUT
CVS Health
CVS
$119B
| $106M | 0.05% |
1,321,300
-1,457,100
| -52% | -$115M |
|
333
CALL
Honeywell
HON
$68.4B
| $106M | 0.05% |
881,058
-166,603
| -16% | -$19.7M |
|
334
Qualcomm
QCOM
$169B
| $106M | 0.05% |
1,914,145
+793,133
| +71% | +$44.3M |
|
335
CALL
Target
TGT
$75.1B
| $104M | 0.05% |
1,995,700
-403,800
| -17% | -$22.1M |
|
336
CALL
lululemon athletica
LULU
$13.7B
| $104M | 0.05% |
1,746,600
+447,600
| +34% | +$23.3M |
|
337
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $103M | 0.05% |
801,400
+330,700
| +70% | +$39.8M |
|
338
PUT
Lowe's Companies
LOW
$121B
| $103M | 0.05% |
1,323,600
+679,000
| +105% | +$55.5M |
|
339
CALL
Wynn Resorts
WYNN
$10.3B
| $102M | 0.05% |
763,000
-614,000
| -45% | -$77.3M |
|
340
Teva Pharmaceuticals
TEVA
$43.5B
| $102M | 0.04% |
3,075,024
-676,443
| -18% | -$20.9M |
|
341
PUT
Simon Property Group
SPG
$70.6B
| $102M | 0.04% |
628,800
+189,500
| +43% | +$30.9M |
|
342
Goldman Sachs
GS
$303B
| $102M | 0.04% |
458,073
-39,121
| -8% | -$8.69M |
|
343
CALL
Las Vegas Sands
LVS
$30.5B
| $102M | 0.04% |
1,590,200
+141,800
| +10% | +$8.5M |
|
|
ANDV
344
PUT
DELISTED
Andeavor
ANDV
| $101M | 0.04% |
1,084,200
+432,100
| +66% | +$36.5M |
|
345
CALL
Marriott International
MAR
$92.9B
| $101M | 0.04% |
1,007,700
-338,200
| -25% | -$33.8M |
|
346
Chipotle Mexican Grill
CMG
$46.7B
| $100M | 0.04% |
12,032,850
+11,837,300
| +6,053% | +$110M |
|
|
347
PUT
lululemon athletica
LULU
$13.7B
| $99.5M | 0.04% |
1,667,700
-455,000
| -21% | -$23.7M |
|
348
CALL
Advanced Micro Devices
AMD
$773B
| $99.4M | 0.04% |
7,965,800
+993,100
| +14% | +$12.1M |
|
349
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $99M | 0.04% |
2,761,200
-1,369,300
| -33% | -$50.7M |
|
|
PNRA
350
PUT
DELISTED
Panera Bread Co
PNRA
| $98.6M | 0.04% |
313,500
-242,000
| -44% | -$75.7M |
|
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.