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
|
+$528M |
| 2 |
Boeing
BA
|
+$375M |
| 3 |
GE Aerospace
GE
|
+$346M |
| 4 |
Intel
INTC
|
+$340M |
| 5 |
Union Pacific
UNP
|
+$281M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$695M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$639M |
| 3 |
Booking.com
BKNG
|
+$333M |
| 4 |
Bank of America
BAC
|
+$194M |
| 5 |
NVIDIA
NVDA
|
+$189M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.64% |
| 2 | Consumer Discretionary | 0.99% |
| 3 | Communication Services | 0.98% |
| 4 | Healthcare | 0.9% |
| 5 | Industrials | 0.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
PUT
Bank of America
BAC
$431B
| $1.91B | 0.67% |
64,800,400
-9,483,800
| -13% | -$261M |
|
|
27
CALL
NVIDIA
NVDA
$5.2T
| $1.69B | 0.6% |
349,440,000
+113,308,000
| +48% | +$563M |
|
28
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $1.67B | 0.59% |
23,737,300
+8,734,500
| +58% | +$607M |
|
|
29
PUT
Boeing
BA
$169B
| $1.42B | 0.5% |
4,823,200
+1,020,200
| +27% | +$276M |
|
30
PUT
Netflix
NFLX
$331B
| $1.35B | 0.48% |
70,483,000
+9,684,000
| +16% | +$186M |
|
31
CALL
Visa
V
$693B
| $1.35B | 0.48% |
11,828,600
+1,485,300
| +14% | +$164M |
|
32
CALL
Norfolk Southern
NSC
$78.8B
| $1.34B | 0.47% |
9,260,800
+7,906,600
| +584% | +$1.06B |
|
33
PUT
Microsoft
MSFT
$3.59T
| $1.29B | 0.45% |
15,018,000
+1,477,300
| +11% | +$121M |
|
|
34
CALL
Netflix
NFLX
$331B
| $1.22B | 0.43% |
63,359,000
+14,005,000
| +28% | +$270M |
|
35
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $1.21B | 0.43% |
4,729,400
+1,316,700
| +39% | +$292M |
|
36
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.2B | 0.42% |
25,485,900
-14,249,700
| -36% | -$659M |
|
37
PUT
Micron Technology
MU
$1.09T
| $1.16B | 0.41% |
28,261,600
+11,638,100
| +70% | +$501M |
|
38
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.11B | 0.39% |
8,733,800
+1,763,900
| +25% | +$221M |
|
|
39
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.09B | 0.39% |
8,622,100
+1,259,700
| +17% | +$158M |
|
|
40
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $1.02B | 0.36% |
3,996,950
+484,000
| +14% | +$107M |
|
|
41
CALL
Microsoft
MSFT
$3.59T
| $977M | 0.34% |
11,399,900
-518,700
| -4% | -$42.5M |
|
42
PUT
Gilead Sciences
GILD
$181B
| $902M | 0.32% |
12,583,900
+2,044,200
| +19% | +$155M |
|
43
CALL
Marriott International
MAR
$92.9B
| $887M | 0.31% |
6,531,600
-234,400
| -3% | -$28.8M |
|
44
CALL
Citigroup
C
$221B
| $868M | 0.31% |
11,660,800
-1,843,600
| -14% | -$136M |
|
|
45
CALL
Micron Technology
MU
$1.09T
| $851M | 0.3% |
20,704,600
+8,732,400
| +73% | +$376M |
|
46
CALL
AT&T
T
$173B
| $844M | 0.3% |
28,740,200
+8,440,897
| +42% | +$230M |
|
|
47
CALL
Bank of America
BAC
$431B
| $819M | 0.29% |
27,738,200
-3,025,500
| -10% | -$83.4M |
|
48
CALL
JPMorgan Chase
JPM
$935B
| $805M | 0.28% |
7,530,400
+1,670,800
| +29% | +$169M |
|
|
49
NVIDIA
NVDA
$5.2T
| $772M | 0.27% |
159,622,280
-37,977,840
| -19% | -$189M |
|
50
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $755M | 0.27% |
3,808,000
+894,600
| +31% | +$170M |
|
Similar funds
Jeff Yass's Q4 2017 Portfolio in Review
As of Q4 2017, Jeff Yass held 10,541 positions worth $283B, up 9.5% from $259B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass's Q4 2017 filing shows 1,808 new, 3,387 increased, 3,810 reduced and 1,384 closed positions. Its largest new stake was Union Pacific: 2,326,570 shares worth $312M. The largest sale was Amazon, an estimated $695M.
By sector, the portfolio is most concentrated in Technology at 2.6% of assets, up from 2.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jeff Yass's largest Q4 2017 buy was Union Pacific: 2,326,570 shares worth $312M.
- Jeff Yass added most to Apple in Q4 2017, an estimated $528M increase.
- Jeff Yass's biggest Q4 2017 reduction was Amazon, cutting an estimated $695M.
- Jeff Yass fully exited iShares iBoxx $ Investment Grade Corporate Bond ETF in Q4 2017, selling an estimated $639M.
- Jeff Yass's ten largest holdings make up 23% of its $283B portfolio in Q4 2017.
- Jeff Yass opened 1,808 new positions and closed 1,384 in Q4 2017.
- Jeff Yass's portfolio value rose 9.5% quarter-over-quarter to $283B.
Based on Susquehanna International Group's 13F filing for Q4 2017, filed 14 Feb 2018.