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 | |
|---|---|---|---|---|---|---|
|
26
CALL
Bank of America
BAC
$431B
| $1.06B | 0.54% |
48,003,200
+26,173,000
| +120% | +$504M |
|
27
CALL
Citigroup
C
$221B
| $1.05B | 0.53% |
17,697,800
+1,987,200
| +13% | +$107M |
|
28
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.04B | 0.53% |
26,244,000
-4,864,000
| -16% | -$194M |
|
29
CALL
Alibaba
BABA
$286B
| $987M | 0.5% |
11,236,500
-1,503,500
| -12% | -$145M |
|
30
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $877M | 0.45% |
7,359,200
+1,884,900
| +34% | +$236M |
|
31
CALL
Kinder Morgan
KMI
$69B
| $805M | 0.41% |
38,867,600
-1,074,100
| -3% | -$22.7M |
|
32
PUT
Netflix
NFLX
$331B
| $789M | 0.4% |
63,757,000
-11,840,000
| -16% | -$140M |
|
33
CALL
Visa
V
$693B
| $760M | 0.39% |
9,743,600
+329,300
| +3% | +$26.5M |
|
|
34
CALL
Netflix
NFLX
$331B
| $758M | 0.39% |
61,263,000
+1,421,000
| +2% | +$16.8M |
|
35
PUT
Gilead Sciences
GILD
$181B
| $720M | 0.37% |
10,053,800
-1,731,900
| -15% | -$129M |
|
36
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $711M | 0.36% |
12,308,500
+738,000
| +6% | +$42.6M |
|
37
CALL
Goldman Sachs
GS
$303B
| $700M | 0.36% |
2,923,400
+1,348,300
| +86% | +$274M |
|
38
CALL
ExxonMobil
XOM
$679B
| $690M | 0.35% |
7,641,700
+33,700
| +0.4% | +$2.94M |
|
39
CALL
JPMorgan Chase
JPM
$935B
| $680M | 0.35% |
7,877,200
-437,400
| -5% | -$33.4M |
|
40
CALL
SPDR Gold Trust
GLD
$152B
| $676M | 0.34% |
6,170,100
-719,400
| -10% | -$83.5M |
|
41
CALL
Microsoft
MSFT
$3.59T
| $628M | 0.32% |
10,109,600
+1,779,400
| +21% | +$107M |
|
42
CALL
United Parcel Service
UPS
$86.8B
| $615M | 0.31% |
5,360,300
-433,500
| -7% | -$48.8M |
|
43
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $614M | 0.31% |
17,404,300
+1,085,700
| +7% | +$39.2M |
|
44
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $604M | 0.31% |
17,365,600
+2,800,300
| +19% | +$103M |
|
|
45
PUT
Goldman Sachs
GS
$303B
| $601M | 0.3% |
2,508,800
-257,600
| -9% | -$52.3M |
|
|
46
PUT
Alibaba
BABA
$286B
| $593M | 0.3% |
6,754,600
-1,280,900
| -16% | -$123M |
|
|
47
Gilead Sciences
GILD
$181B
| $590M | 0.3% |
8,235,110
-481,784
| -6% | -$35.8M |
|
48
CALL
AT&T
T
$173B
| $583M | 0.3% |
18,135,755
+1,924,699
| +12% | +$56.8M |
|
49
CALL
T-Mobile US
TMUS
$196B
| $580M | 0.29% |
10,085,300
+389,100
| +4% | +$20.4M |
|
50
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $574M | 0.29% |
2,905,100
+604,100
| +26% | +$114M |
|
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.