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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$879M |
| 2 |
Bank of America
BAC
|
+$352M |
| 3 |
Intel
INTC
|
+$243M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$232M |
| 5 |
AB InBev
BUD
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.82B |
| 2 |
Amazon
AMZN
|
+$884M |
| 3 |
Air Products & Chemicals
APD
|
+$219M |
| 4 |
Mondelez International
MDLZ
|
+$198M |
| 5 |
WFT
Weatherford International plc
WFT
|
+$181M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 1.22% |
| 2 | Technology | 1.15% |
| 3 | Consumer Discretionary | 1.1% |
| 4 | Financials | 1.05% |
| 5 | Communication Services | 0.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
501
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$42.8B
| $60.3M | 0.03% |
571,500
+206,700
| +57% | +$21.7M |
|
502
PUT
Capri Holdings
CPRI
$1.55B
| $60.3M | 0.03% |
1,582,700
+368,400
| +30% | +$14.5M |
|
503
CALL
Newmont
NEM
$139B
| $59.8M | 0.03% |
1,813,400
-1,150,800
| -39% | -$40.2M |
|
504
PUT
Vodafone
VOD
$36.9B
| $58.9M | 0.03% |
2,226,800
+7,700
| +0.3% | +$197K |
|
505
Advanced Micro Devices
AMD
$773B
| $58.8M | 0.03% |
4,044,018
-502,878
| -11% | -$6.38M |
|
|
APC
506
CALL
DELISTED
Anadarko Petroleum
APC
| $58.7M | 0.03% |
947,000
-670,800
| -41% | -$44.6M |
|
|
GAP
507
PUT
The Gap Inc
GAP
$7.13B
| $58.2M | 0.03% |
2,396,900
+17,300
| +0.7% | +$413K |
|
508
American Airlines Group
AAL
$9.15B
| $58.1M | 0.03% |
1,372,956
+1,347,677
| +5,331% | +$61M |
|
509
CALL
Prudential Financial
PRU
$41.8B
| $57.9M | 0.03% |
543,200
-434,300
| -44% | -$46.9M |
|
510
lululemon athletica
LULU
$13.7B
| $57.9M | 0.03% |
1,116,472
+1,100,022
| +6,687% | +$72.4M |
|
511
CALL
Eaton
ETN
$163B
| $57.8M | 0.03% |
778,900
+44,300
| +6% | +$3.15M |
|
512
CALL
State Street SPDR S&P Retail ETF
XRT
$491M
| $57.8M | 0.03% |
1,367,200
-579,800
| -30% | -$24.9M |
|
513
PUT
Norfolk Southern
NSC
$78.8B
| $57.6M | 0.03% |
514,300
+280,000
| +120% | +$32.7M |
|
514
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$700M
| $57.5M | 0.03% |
19,669
-10,996
| -36% | -$30.6M |
|
515
PUT
Vanguard Real Estate ETF
VNQ
$39.1B
| $57.5M | 0.03% |
696,100
+187,700
| +37% | +$15.6M |
|
516
PUT
ProShares Ultra Bloomberg Crude Oil
UCO
$414M
| $57.5M | 0.03% |
483,424
+238,432
| +97% | +$30.9M |
|
517
PUT
Incyte
INCY
$25.9B
| $57.3M | 0.03% |
428,500
+173,000
| +68% | +$22M |
|
518
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $57.3M | 0.03% |
2,148,800
+1,180,400
| +122% | +$30.4M |
|
|
GG
519
CALL
DELISTED
Goldcorp Inc
GG
| $57.2M | 0.03% |
3,922,400
+507,400
| +15% | +$7.93M |
|
|
JWN
520
CALL
DELISTED
Nordstrom
JWN
| $57.2M | 0.03% |
1,227,400
+682,300
| +125% | +$30.5M |
|
521
PUT
Abbott
ABT
$202B
| $57.1M | 0.03% |
1,285,700
-487,600
| -27% | -$21.1M |
|
522
PUT
TripAdvisor
TRIP
$1.17B
| $56.9M | 0.03% |
1,317,900
+748,800
| +132% | +$35.5M |
|
523
PUT
MGM Resorts International
MGM
$11B
| $56.8M | 0.03% |
2,074,500
+738,800
| +55% | +$20.5M |
|
524
PUT
Kinder Morgan
KMI
$69B
| $56.6M | 0.03% |
2,605,200
-4,471,300
| -63% | -$97.7M |
|
525
PUT
Cognizant
CTSH
$27.9B
| $56.6M | 0.03% |
950,700
+361,300
| +61% | +$20.8M |
|
Similar funds
Jeff Yass's Q1 2017 Portfolio in Review
As of Q1 2017, Jeff Yass held 10,995 positions worth $198B, up 0.36% from $197B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Jeff Yass withdrew a net $14.4B in Q1 2017, closing 2,170 positions and reducing 3,726 holdings. Its most notable exit was Air Products & Chemicals, an estimated $219M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 1.2% of assets, down from 1.2% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares MSCI EAFE ETF worth $131M.
- Jeff Yass's largest Q1 2017 buy was iShares MSCI EAFE ETF: 2,100,985 shares worth $131M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2017, an estimated $879M increase.
- Jeff Yass's biggest Q1 2017 reduction was Apple, cutting an estimated $1.82B.
- Jeff Yass fully exited Air Products & Chemicals in Q1 2017, selling an estimated $219M.
- Jeff Yass's ten largest holdings make up 22% of its $198B portfolio in Q1 2017.
- Jeff Yass opened 1,488 new positions and closed 2,170 in Q1 2017.
- Jeff Yass's portfolio value rose 0.36% quarter-over-quarter to $198B.
Based on Susquehanna International Group's 13F filing for Q1 2017, filed 15 May 2017.