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 | |
|---|---|---|---|---|---|---|
|
EA
401
PUT
DELISTED
Electronic Arts
EA
| $93.5M | 0.04% |
791,800
+17,600
| +2% | +$2.04M |
|
402
PUT
RH
RH
$2.9B
| $93.3M | 0.04% |
1,326,400
+190,200
| +17% | +$11.9M |
|
403
PUT
Las Vegas Sands
LVS
$30.5B
| $93.3M | 0.04% |
1,453,700
+287,500
| +25% | +$17.8M |
|
404
CALL
General Dynamics
GD
$104B
| $93.1M | 0.04% |
453,000
+113,600
| +33% | +$22.8M |
|
405
Netflix
NFLX
$331B
| $92.9M | 0.04% |
5,120,340
+2,776,340
| +118% | +$48.4M |
|
|
ANDV
406
PUT
DELISTED
Andeavor
ANDV
| $92.1M | 0.04% |
893,000
-191,200
| -18% | -$18.8M |
|
|
AET
407
CALL
DELISTED
Aetna Inc
AET
| $92.1M | 0.04% |
579,200
+122,800
| +27% | +$19.2M |
|
408
PUT
iShares 7-10 Year Treasury Bond ETF
IEF
$42.8B
| $91.6M | 0.04% |
859,900
+192,800
| +29% | +$20.7M |
|
409
Western Digital
WDC
$166B
| $91.6M | 0.04% |
1,402,422
+529,225
| +61% | +$35.1M |
|
410
CALL
Capital One
COF
$134B
| $91.5M | 0.04% |
1,080,500
-6,000
| -0.6% | -$495K |
|
|
TWTR
411
CALL
DELISTED
Twitter, Inc.
TWTR
| $90.9M | 0.04% |
5,388,000
+2,154,300
| +67% | +$37.6M |
|
412
PUT
iShares MSCI Mexico ETF
EWW
$1.86B
| $90.5M | 0.04% |
1,657,900
+1,167,200
| +238% | +$65.6M |
|
413
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $90.5M | 0.04% |
173,575
+17,685
| +11% | +$8.5M |
|
414
PUT
CVS Health
CVS
$119B
| $90.2M | 0.03% |
1,109,400
-211,900
| -16% | -$16.8M |
|
415
CALL
Mondelez International
MDLZ
$82.3B
| $89.3M | 0.03% |
2,196,000
-3,500
| -0.2% | -$149K |
|
416
CALL
Kinder Morgan
KMI
$69B
| $89.1M | 0.03% |
4,645,000
+2,904,500
| +167% | +$56.6M |
|
417
Lockheed Martin
LMT
$130B
| $88.9M | 0.03% |
286,398
+160,585
| +128% | +$47.9M |
|
|
418
Mondelez International
MDLZ
$82.3B
| $88.4M | 0.03% |
2,174,789
-908,891
| -29% | -$38.6M |
|
419
CALL
PNC Financial Services
PNC
$97B
| $88.2M | 0.03% |
654,600
+40,100
| +7% | +$5.15M |
|
420
PUT
MGM Resorts International
MGM
$11B
| $88.2M | 0.03% |
2,706,100
-265,400
| -9% | -$8.54M |
|
421
PUT
Mercado Libre
MELI
$97.5B
| $88M | 0.03% |
339,700
+92,200
| +37% | +$24.4M |
|
422
CALL
Best Buy
BBY
$18.1B
| $87.9M | 0.03% |
1,543,200
+691,300
| +81% | +$39.6M |
|
423
PUT
Cummins
CMI
$80.9B
| $87.8M | 0.03% |
522,300
-146,300
| -22% | -$23.7M |
|
|
RTN
424
PUT
DELISTED
Raytheon Company
RTN
| $87.7M | 0.03% |
470,200
-66,300
| -12% | -$11.7M |
|
425
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $87.5M | 0.03% |
2,458,900
-302,300
| -11% | -$10.7M |
|
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.