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 | |
|---|---|---|---|---|---|---|
426
PUT
Weibo
WB
$1.72B
| $87.1M | 0.03% |
880,100
+27,800
| +3% | +$2.45M |
|
|
RSX
427
PUT
DELISTED
VanEck Russia ETF
RSX
| $86.9M | 0.03% |
3,898,700
+924,200
| +31% | +$19.1M |
|
428
Mercado Libre
MELI
$101B
| $86.6M | 0.03% |
334,589
+312,480
| +1,413% | +$82.8M |
|
429
PUT
Universal Display
OLED
$3.88B
| $86.4M | 0.03% |
670,300
+135,500
| +25% | +$16.4M |
|
430
CALL
MGM Resorts International
MGM
$11B
| $86.3M | 0.03% |
2,648,900
-1,134,700
| -30% | -$36.5M |
|
431
PUT
Royal Caribbean
RCL
$78.1B
| $86.3M | 0.03% |
727,800
+349,200
| +92% | +$40.8M |
|
|
AET
432
PUT
DELISTED
Aetna Inc
AET
| $86.3M | 0.03% |
542,500
-60,700
| -10% | -$9.48M |
|
|
X
433
CALL
DELISTED
US Steel
X
| $85.9M | 0.03% |
3,349,000
-1,948,200
| -37% | -$47.7M |
|
434
PUT
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.66B
| $85.9M | 0.03% |
767,433
+689,500
| +885% | +$76.8M |
|
435
PUT
Under Armour
UAA
$2.29B
| $85.7M | 0.03% |
5,199,700
+776,300
| +18% | +$14.2M |
|
436
PUT
Seagate
STX
$180B
| $85.7M | 0.03% |
2,582,500
+317,000
| +14% | +$10.8M |
|
|
GG
437
PUT
DELISTED
Goldcorp Inc
GG
| $85.4M | 0.03% |
6,591,800
-836,000
| -11% | -$11M |
|
|
EA
438
CALL
DELISTED
Electronic Arts
EA
| $85.4M | 0.03% |
723,400
-14,200
| -2% | -$1.64M |
|
|
ANDV
439
CALL
DELISTED
Andeavor
ANDV
| $85.2M | 0.03% |
825,800
-419,600
| -34% | -$41.3M |
|
|
RDS.A
440
PUT
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $85.1M | 0.03% |
1,405,500
+211,600
| +18% | +$11.8M |
|
441
PUT
Valero Energy
VLO
$99.5B
| $84.8M | 0.03% |
1,102,500
+310,100
| +39% | +$21.4M |
|
442
PUT
ServiceNow
NOW
$132B
| $84.2M | 0.03% |
3,582,500
+1,445,000
| +68% | +$32.1M |
|
443
CALL
Las Vegas Sands
LVS
$30.4B
| $84.1M | 0.03% |
1,310,200
-280,000
| -18% | -$17.4M |
|
444
CALL
Southwest Airlines
LUV
$19.9B
| $84M | 0.03% |
1,500,200
+239,100
| +19% | +$13.4M |
|
445
CALL
Oneok
OKE
$58.2B
| $83.9M | 0.03% |
1,514,200
+890,000
| +143% | +$48.1M |
|
446
CALL
Blackstone
BX
$109B
| $83.9M | 0.03% |
2,513,600
+299,600
| +14% | +$9.86M |
|
447
PUT
Alnylam Pharmaceuticals
ALNY
$31.3B
| $83.7M | 0.03% |
712,600
+398,400
| +127% | +$34M |
|
448
PUT
Whirlpool
WHR
$2.6B
| $83.7M | 0.03% |
453,700
+89,300
| +25% | +$16M |
|
449
CALL
Freeport-McMoran
FCX
$111B
| $83.6M | 0.03% |
5,954,400
+1,087,400
| +22% | +$15.3M |
|
450
CALL
WisdomTree Japan Hedged Equity Fund
DXJ
$7.22B
| $83.5M | 0.03% |
1,526,300
+605,800
| +66% | +$31.8M |
|
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.