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 | |
|---|---|---|---|---|---|---|
526
CALL
LyondellBasell Industries
LYB
$21.8B
| $53.6M | 0.03% |
624,500
-115,700
| -16% | -$9.71M |
|
|
ANDV
527
PUT
DELISTED
Andeavor
ANDV
| $53.5M | 0.03% |
611,500
+72,900
| +14% | +$6.19M |
|
528
iShares 20+ Year Treasury Bond ETF
TLT
$46.3B
| $53.5M | 0.03% |
448,678
-572,870
| -56% | -$71.7M |
|
529
PUT
American Tower
AMT
$81.9B
| $53.4M | 0.03% |
505,500
+168,800
| +50% | +$18.3M |
|
|
GAP
530
PUT
The Gap Inc
GAP
$7.13B
| $53.4M | 0.03% |
2,379,600
-415,900
| -15% | -$10.7M |
|
531
PUT
APA Corp
APA
$15.2B
| $53.2M | 0.03% |
838,800
+38,100
| +5% | +$2.4M |
|
|
PNRA
532
CALL
DELISTED
Panera Bread Co
PNRA
| $53.2M | 0.03% |
259,200
+58,300
| +29% | +$11.8M |
|
533
PUT
BHP
BHP
$246B
| $52.9M | 0.03% |
1,658,520
+212,318
| +15% | +$6.87M |
|
534
PUT
PayPal
PYPL
$52.7B
| $52.9M | 0.03% |
1,341,100
+104,200
| +8% | +$4.19M |
|
|
IOC
535
CALL
DELISTED
Interoil Corporation
IOC
| $52.2M | 0.03% |
1,097,000
+7,600
| +0.7% | +$371K |
|
536
PUT
Capri Holdings
CPRI
$1.55B
| $52.2M | 0.03% |
1,214,300
-40,600
| -3% | -$1.93M |
|
|
GOLD
537
CALL
DELISTED
Randgold Resources Ltd
GOLD
| $52.1M | 0.03% |
682,200
+377,500
| +124% | +$29.9M |
|
538
CALL
Agnico Eagle Mines
AEM
$109B
| $51.7M | 0.03% |
1,230,600
-557,300
| -31% | -$24.6M |
|
539
CALL
Enterprise Products Partners
EPD
$82.1B
| $51.7M | 0.03% |
1,910,900
-1,006,900
| -35% | -$26.2M |
|
540
Advanced Micro Devices
AMD
$773B
| $51.6M | 0.03% |
4,546,896
+1,349,513
| +42% | +$11.3M |
|
541
PUT
Harley-Davidson
HOG
$2.93B
| $51.5M | 0.03% |
883,400
-234,300
| -21% | -$13.4M |
|
542
PUT
Royal Caribbean
RCL
$78.1B
| $51.4M | 0.03% |
626,500
-121,000
| -16% | -$9.52M |
|
|
RAI
543
CALL
DELISTED
Reynolds American Inc
RAI
| $51.2M | 0.03% |
914,500
-13,700
| -1% | -$727K |
|
544
CALL
Herbalife
HLF
$1.33B
| $51.2M | 0.03% |
2,126,000
-2,072,800
| -49% | -$56.6M |
|
545
Oracle
ORCL
$422B
| $51.1M | 0.03% |
1,329,254
+865,820
| +187% | +$33.9M |
|
546
CALL
Viatris
VTRS
$18.7B
| $51.1M | 0.03% |
1,339,400
-895,400
| -40% | -$33.3M |
|
|
VMW
547
CALL
DELISTED
VMware, Inc
VMW
| $51M | 0.03% |
647,600
-107,500
| -14% | -$8.35M |
|
548
ConocoPhillips
COP
$162B
| $51M | 0.03% |
1,016,625
+997,091
| +5,104% | +$46M |
|
|
DISH
549
CALL
DELISTED
DISH Network Corp.
DISH
| $50.7M | 0.03% |
875,800
+161,200
| +23% | +$9.21M |
|
|
HES
550
CALL
DELISTED
Hess
HES
| $50.7M | 0.03% |
814,400
-45,700
| -5% | -$2.5M |
|
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.