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 |
Amazon
AMZN
|
+$685M |
| 2 |
BAS
Basis Energy Services, Inc.
BAS
|
+$459M |
| 3 |
WFT
Weatherford International plc
WFT
|
+$354M |
| 4 |
Air Products & Chemicals
APD
|
+$216M |
| 5 |
Mondelez International
MDLZ
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$3.97B |
| 2 |
Bank of America
BAC
|
+$1.16B |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$192M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$174M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$141M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.75% |
| 2 | Consumer Discretionary | 1.45% |
| 3 | Healthcare | 1.23% |
| 4 | Financials | 1.18% |
| 5 | Energy | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
CALL
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $94.2M | 0.05% |
2,985,100
+213,000
| +8% | +$7.74M |
|
352
Kinder Morgan
KMI
$69B
| $93.5M | 0.05% |
4,512,471
+1,704,042
| +61% | +$36M |
|
353
PUT
Under Armour
UAA
$2.32B
| $92.8M | 0.05% |
3,195,800
+1,902,800
| +147% | +$62.5M |
|
354
PUT
iShares Silver Trust
SLV
$33.8B
| $91.7M | 0.05% |
6,070,700
+2,861,800
| +89% | +$46.5M |
|
355
CALL
NXP Semiconductors
NXPI
$56.9B
| $91.6M | 0.05% |
934,400
-175,300
| -16% | -$17.4M |
|
356
Pfizer
PFE
$160B
| $91.6M | 0.05% |
2,971,335
+2,041,391
| +220% | +$62.3M |
|
357
PUT
Freeport-McMoran
FCX
$110B
| $91.2M | 0.05% |
6,914,100
-681,400
| -9% | -$8.72M |
|
358
PUT
iShares MSCI ACWI ETF
ACWI
$33.3B
| $91.1M | 0.05% |
1,537,700
+1,499,100
| +3,884% | +$88M |
|
359
Dell
DELL
$286B
| $90.9M | 0.05% |
5,889,733
-1,129,753
| -16% | -$16.2M |
|
|
ETP
360
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
| $90.7M | 0.05% |
2,533,100
+743,600
| +42% | +$26.5M |
|
361
Comcast
CMCSA
$95.3B
| $90.1M | 0.05% |
+2,608,558
| New | +$87.1M |
|
362
PUT
Lowe's Companies
LOW
$121B
| $89.4M | 0.05% |
1,256,400
+511,600
| +69% | +$36.2M |
|
363
CALL
Medtronic
MDT
$119B
| $89.2M | 0.05% |
1,252,700
+184,500
| +17% | +$14.5M |
|
|
364
Bank of America
BAC
$431B
| $88M | 0.04% |
3,983,799
-60,091,963
| -94% | -$1.16B |
|
365
CALL
Cigna
CI
$73.3B
| $87.4M | 0.04% |
655,300
+48,300
| +8% | +$6.32M |
|
366
PUT
Advanced Micro Devices
AMD
$773B
| $87.3M | 0.04% |
7,698,700
+1,518,000
| +25% | +$12.7M |
|
367
CALL
Capital One
COF
$134B
| $87M | 0.04% |
997,000
+121,900
| +14% | +$9.83M |
|
368
PUT
Howmet Aerospace
HWM
$108B
| $87M | 0.04% |
+6,117,325
| New | +$92M |
|
369
CALL
State Street SPDR S&P Retail ETF
XRT
$491M
| $85.8M | 0.04% |
1,947,000
+893,400
| +85% | +$39.7M |
|
370
CALL
Expedia Group
EXPE
$38.6B
| $85.7M | 0.04% |
756,700
-70,700
| -9% | -$8.62M |
|
371
PUT
Northrop Grumman
NOC
$78.3B
| $85.6M | 0.04% |
367,900
+224,000
| +156% | +$52.1M |
|
372
iShares 7-10 Year Treasury Bond ETF
IEF
$43B
| $85.6M | 0.04% |
816,182
+248,946
| +44% | +$26.7M |
|
|
ALXN
373
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $85.2M | 0.04% |
696,200
+516,800
| +288% | +$63.2M |
|
374
CALL
American Tower
AMT
$81.9B
| $84.2M | 0.04% |
796,900
+50,700
| +7% | +$5.51M |
|
375
Mastercard
MA
$509B
| $84.2M | 0.04% |
+815,198
| New | +$84.4M |
|
Similar funds
Jeff Yass's Q4 2016 Portfolio in Review
As of Q4 2016, Jeff Yass held 10,783 positions worth $197B, down 4.9% from $207B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $12.7B in Q4 2016, closing 1,274 positions and reducing 3,383 holdings. Its most notable exit was Synchrony, an estimated $104M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, up from 1.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jeff Yass opened a new position in Basis Energy Services, Inc. worth $59.7M.
- Jeff Yass's largest Q4 2016 buy was Basis Energy Services, Inc.: 1,689,160 shares worth $59.7M.
- Jeff Yass added most to Amazon in Q4 2016, an estimated $685M increase.
- Jeff Yass's biggest Q4 2016 reduction was Procter & Gamble, cutting an estimated $3.97B.
- Jeff Yass fully exited Synchrony in Q4 2016, selling an estimated $104M.
- Jeff Yass's ten largest holdings make up 21% of its $197B portfolio in Q4 2016.
- Jeff Yass opened 2,442 new positions and closed 1,274 in Q4 2016.
- Jeff Yass's portfolio value fell 4.9% quarter-over-quarter to $197B.
Based on Susquehanna International Group's 13F filing for Q4 2016, filed 14 Feb 2017.