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 | |
|---|---|---|---|---|---|---|
351
PUT
Viatris
VTRS
$18.7B
| $93.9M | 0.05% |
2,409,000
-272,900
| -10% | -$11M |
|
|
ESRX
352
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $93.4M | 0.05% |
1,417,300
+493,100
| +53% | +$33.9M |
|
353
CALL
Adobe
ADBE
$109B
| $93.3M | 0.05% |
717,300
+41,400
| +6% | +$4.86M |
|
354
PUT
Honeywell
HON
$68.4B
| $93.2M | 0.05% |
826,262
-218,743
| -21% | -$24.2M |
|
355
CALL
Vale
VALE
$62.1B
| $92.7M | 0.05% |
9,759,900
-155,400
| -2% | -$1.55M |
|
356
PUT
Snap
SNAP
$8.86B
| $92.3M | 0.05% |
+4,094,700
| New | +$90.8M |
|
|
PARA
357
CALL
DELISTED
Paramount Global Class B
PARA
| $91.5M | 0.05% |
1,318,800
-538,700
| -29% | -$35.4M |
|
358
CALL
Valero Energy
VLO
$100B
| $90.8M | 0.05% |
1,369,800
-66,200
| -5% | -$4.43M |
|
|
AET
359
CALL
DELISTED
Aetna Inc
AET
| $90.2M | 0.05% |
707,200
-565,200
| -44% | -$71M |
|
360
PUT
Cisco
CSCO
$438B
| $90.1M | 0.05% |
2,664,600
-920,100
| -26% | -$29.8M |
|
361
PUT
EOG Resources
EOG
$80.3B
| $89.6M | 0.05% |
918,200
+472,700
| +106% | +$47.1M |
|
|
ILG
362
PUT
DELISTED
ILG, Inc Common Stock
ILG
| $89.4M | 0.05% |
4,267,300
-1,601,600
| -27% | -$30.1M |
|
363
PUT
ConocoPhillips
COP
$162B
| $89.2M | 0.05% |
1,789,500
-427,600
| -19% | -$20.7M |
|
|
ETP
364
CALL
DELISTED
Energy Transfer Partners L.p.
ETP
| $89.1M | 0.05% |
2,440,200
-92,900
| -4% | -$3.46M |
|
365
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $88.9M | 0.05% |
2,021,800
-454,200
| -18% | -$19.5M |
|
366
CALL
Seagate
STX
$193B
| $88.9M | 0.05% |
1,935,000
+4,500
| +0.2% | +$200K |
|
|
WBA
367
DELISTED
Walgreens Boots Alliance
WBA
| $88.8M | 0.04% |
1,069,051
+262,056
| +32% | +$22M |
|
|
GG
368
PUT
DELISTED
Goldcorp Inc
GG
| $88.7M | 0.04% |
6,081,400
+1,690,500
| +39% | +$26.4M |
|
369
PUT
AbbVie
ABBV
$468B
| $88.6M | 0.04% |
1,359,900
-553,600
| -29% | -$34.8M |
|
370
CALL
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.37B
| $88.3M | 0.04% |
1,670,000
+266,600
| +19% | +$13.9M |
|
371
PUT
iShares Silver Trust
SLV
$33.8B
| $88.3M | 0.04% |
5,116,100
-954,600
| -16% | -$15.8M |
|
372
CALL
Autodesk
ADSK
$53.6B
| $88.1M | 0.04% |
1,019,400
+229,000
| +29% | +$19.2M |
|
373
CALL
PNC Financial Services
PNC
$97B
| $88.1M | 0.04% |
732,400
-611,100
| -45% | -$74.9M |
|
374
PUT
Newmont
NEM
$139B
| $87.5M | 0.04% |
2,656,000
-354,700
| -12% | -$12.4M |
|
375
CALL
Simon Property Group
SPG
$70.6B
| $86.9M | 0.04% |
505,300
+229,900
| +83% | +$41.1M |
|
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.