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
|
+$781M |
| 2 |
Amazon
AMZN
|
+$728M |
| 3 |
AABA
Altaba Inc
AABA
|
+$535M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$296M |
| 5 |
Booking.com
BKNG
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$353M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$261M |
| 3 |
Alibaba
BABA
|
+$228M |
| 4 |
Citigroup
C
|
+$170M |
| 5 |
DuPont de Nemours
DD
|
+$165M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.03% |
| 2 | Consumer Discretionary | 1.46% |
| 3 | Financials | 1.01% |
| 4 | Healthcare | 0.92% |
| 5 | Communication Services | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.24B | 0.55% |
9,925,000
+4,239,000
| +75% | +$524M |
|
27
CALL
Union Pacific
UNP
$183B
| $1.23B | 0.54% |
11,251,400
+927,400
| +9% | +$101M |
|
|
28
Amazon
AMZN
$2.79T
| $1.17B | 0.51% |
24,105,720
+15,267,420
| +173% | +$728M |
|
29
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.16B | 0.51% |
28,133,000
-6,307,900
| -18% | -$257M |
|
30
CALL
Visa
V
$693B
| $1.15B | 0.5% |
12,245,500
+1,055,800
| +9% | +$98M |
|
|
31
CALL
Citigroup
C
$221B
| $1.05B | 0.46% |
15,715,800
+2,706,100
| +21% | +$166M |
|
32
CALL
Microsoft
MSFT
$3.59T
| $1.04B | 0.46% |
15,157,300
+3,778,200
| +33% | +$259M |
|
|
33
PUT
Microsoft
MSFT
$3.59T
| $984M | 0.43% |
14,280,500
+4,423,500
| +45% | +$304M |
|
34
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $902M | 0.4% |
13,838,800
+5,892,200
| +74% | +$381M |
|
35
PUT
Netflix
NFLX
$331B
| $894M | 0.39% |
59,839,000
-7,984,000
| -12% | -$123M |
|
36
PUT
Gilead Sciences
GILD
$181B
| $871M | 0.38% |
12,308,000
+514,500
| +4% | +$34.2M |
|
37
CALL
Walt Disney
DIS
$186B
| $844M | 0.37% |
7,946,000
-4,081,900
| -34% | -$447M |
|
38
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $838M | 0.37% |
5,196,600
+1,582,600
| +44% | +$235M |
|
|
39
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $814M | 0.36% |
6,502,300
-3,422,500
| -34% | -$423M |
|
|
40
Apple
AAPL
$4.51T
| $790M | 0.35% |
21,930,060
+21,130,624
| +2,643% | +$781M |
|
|
41
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $748M | 0.33% |
4,641,200
+1,384,000
| +42% | +$206M |
|
|
42
CALL
Netflix
NFLX
$331B
| $747M | 0.33% |
50,004,000
-1,845,000
| -4% | -$28.4M |
|
|
43
Gilead Sciences
GILD
$181B
| $717M | 0.32% |
10,132,929
-640,022
| -6% | -$42.6M |
|
44
Bank of America
BAC
$431B
| $677M | 0.3% |
27,918,195
+9,097,265
| +48% | +$212M |
|
45
CALL
NVIDIA
NVDA
$5.2T
| $668M | 0.29% |
184,752,000
+31,736,000
| +21% | +$101M |
|
46
PUT
Goldman Sachs
GS
$303B
| $663M | 0.29% |
2,987,500
+234,700
| +9% | +$52.1M |
|
47
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $654M | 0.29% |
3,066,200
+697,100
| +29% | +$146M |
|
|
48
NVIDIA
NVDA
$5.2T
| $650M | 0.29% |
179,771,200
+76,119,240
| +73% | +$242M |
|
|
49
CALL
Bank of America
BAC
$431B
| $635M | 0.28% |
26,168,500
-6,446,500
| -20% | -$150M |
|
|
50
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $630M | 0.28% |
15,217,400
-560,100
| -4% | -$22.8M |
|
Similar funds
Jeff Yass's Q2 2017 Portfolio in Review
As of Q2 2017, Jeff Yass held 10,525 positions worth $228B, up 15% from $198B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Jeff Yass deployed $21.5B of net new capital in Q2 2017, opening 1,702 new positions and adding to 3,804 existing holdings. Its largest new stake was Altaba Inc: 9,835,232 shares worth $536M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, up from 1.2% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $353M trimmed.
- Jeff Yass's largest Q2 2017 buy was Altaba Inc: 9,835,232 shares worth $536M.
- Jeff Yass added most to Apple in Q2 2017, an estimated $781M increase.
- Jeff Yass's biggest Q2 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $353M.
- Jeff Yass fully exited Alphabet (Google) Class C in Q2 2017, selling an estimated $261M.
- Jeff Yass's ten largest holdings make up 22% of its $228B portfolio in Q2 2017.
- Jeff Yass opened 1,702 new positions and closed 1,419 in Q2 2017.
- Jeff Yass's portfolio value rose 15% quarter-over-quarter to $228B.
Based on Susquehanna International Group's 13F filing for Q2 2017, filed 15 Aug 2017.