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 | |
|---|---|---|---|---|---|---|
26
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.78B | 0.69% |
39,735,600
+11,602,600
| +41% | +$511M |
|
27
CALL
Union Pacific
UNP
$183B
| $1.25B | 0.48% |
10,803,300
-448,100
| -4% | -$48.1M |
|
|
VXX
28
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $1.16B | 0.45% |
29,691,600
+23,407,975
| +373% | +$1.09B |
|
29
PUT
Netflix
NFLX
$331B
| $1.1B | 0.43% |
60,799,000
+960,000
| +2% | +$16.7M |
|
30
CALL
Visa
V
$693B
| $1.09B | 0.42% |
10,343,300
-1,902,200
| -16% | -$193M |
|
31
CALL
NVIDIA
NVDA
$5.2T
| $1.06B | 0.41% |
236,132,000
+51,380,000
| +28% | +$214M |
|
32
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.03B | 0.4% |
15,002,800
-4,158,200
| -22% | -$278M |
|
33
CALL
SPDR Gold Trust
GLD
$152B
| $1.03B | 0.4% |
8,433,700
+3,394,800
| +67% | +$413M |
|
|
34
PUT
Microsoft
MSFT
$3.59T
| $1.01B | 0.39% |
13,540,700
-739,800
| -5% | -$54M |
|
35
CALL
Citigroup
C
$221B
| $982M | 0.38% |
13,504,400
-2,211,400
| -14% | -$151M |
|
36
PUT
Boeing
BA
$169B
| $967M | 0.37% |
3,803,000
+1,168,900
| +44% | +$272M |
|
|
VXX
37
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $943M | 0.36% |
24,065,300
+19,730,525
| +455% | +$916M |
|
38
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $919M | 0.35% |
7,362,400
+860,100
| +13% | +$108M |
|
|
39
CALL
Netflix
NFLX
$331B
| $895M | 0.35% |
49,354,000
-650,000
| -1% | -$11.3M |
|
|
40
Amazon
AMZN
$2.79T
| $890M | 0.34% |
18,521,920
-5,583,800
| -23% | -$274M |
|
|
41
CALL
Microsoft
MSFT
$3.59T
| $888M | 0.34% |
11,918,600
-3,238,700
| -21% | -$237M |
|
|
42
NVIDIA
NVDA
$5.2T
| $883M | 0.34% |
197,600,120
+17,828,920
| +10% | +$74.1M |
|
|
43
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $870M | 0.34% |
6,969,900
-2,955,100
| -30% | -$371M |
|
|
44
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $866M | 0.33% |
7,146,800
+4,561,900
| +176% | +$551M |
|
|
45
PUT
Gilead Sciences
GILD
$181B
| $854M | 0.33% |
10,539,700
-1,768,300
| -14% | -$135M |
|
46
CALL
Bank of America
BAC
$431B
| $780M | 0.3% |
30,763,700
+4,595,200
| +18% | +$112M |
|
47
CALL
Marriott International
MAR
$92.9B
| $746M | 0.29% |
6,766,000
+5,758,300
| +571% | +$594M |
|
48
PUT
Intuitive Surgical
ISRG
$134B
| $736M | 0.28% |
6,336,000
+1,248,300
| +25% | +$136M |
|
49
CALL
United Parcel Service
UPS
$86.8B
| $668M | 0.26% |
5,558,500
+1,632,600
| +42% | +$186M |
|
|
50
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $661M | 0.26% |
14,746,100
-471,300
| -3% | -$20.7M |
|
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.