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 | |
|---|---|---|---|---|---|---|
526
CALL
eBay
EBAY
$46.3B
| $56.5M | 0.03% |
1,682,600
-2,075,200
| -55% | -$67.5M |
|
|
DFS
527
CALL
DELISTED
Discover Financial Services
DFS
| $56.2M | 0.03% |
822,100
-963,400
| -54% | -$67.6M |
|
528
CALL
Applied Materials
AMAT
$391B
| $56.1M | 0.03% |
1,441,800
-333,600
| -19% | -$12M |
|
529
iShares MSCI Brazil ETF
EWZ
$8.04B
| $55.9M | 0.03% |
1,491,554
+1,116,198
| +297% | +$41.7M |
|
|
HES
530
PUT
DELISTED
Hess
HES
| $55.5M | 0.03% |
1,151,800
-429,100
| -27% | -$22.7M |
|
531
PUT
KB Home
KBH
$3.39B
| $55.4M | 0.03% |
2,786,900
-323,700
| -10% | -$5.66M |
|
532
PUT
Southwest Airlines
LUV
$19.8B
| $55.1M | 0.03% |
1,025,200
+549,200
| +115% | +$29.5M |
|
|
PXD
533
DELISTED
Pioneer Natural Resource Co.
PXD
| $55M | 0.03% |
295,564
+237,743
| +411% | +$44.1M |
|
534
PUT
PNC Financial Services
PNC
$97B
| $55M | 0.03% |
457,500
+121,400
| +36% | +$14.9M |
|
535
PUT
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $55M | 0.03% |
1,373,700
+838,900
| +157% | +$32.4M |
|
536
NXP Semiconductors
NXPI
$56.9B
| $54.7M | 0.03% |
528,231
+241,702
| +84% | +$24.4M |
|
537
PUT
General Mills
GIS
$21.4B
| $54.5M | 0.03% |
923,400
+298,400
| +48% | +$18.2M |
|
538
United States Oil Fund
USO
$2.1B
| $54.3M | 0.03% |
+638,099
| New | +$56.5M |
|
|
SCHW
539
CALL
Charles Schwab
SCHW
$194B
| $54.3M | 0.03% |
1,329,800
-281,700
| -17% | -$11.6M |
|
540
NetEase
NTES
$82.1B
| $54.2M | 0.03% |
953,465
+776,390
| +438% | +$41.8M |
|
541
CALL
RH
RH
$2.9B
| $54.2M | 0.03% |
1,170,700
+126,600
| +12% | +$3.91M |
|
542
CALL
ProShares Ultra Bloomberg Crude Oil
UCO
$414M
| $54.1M | 0.03% |
454,864
+247,840
| +120% | +$32.1M |
|
543
Costco
COST
$420B
| $54M | 0.03% |
322,026
-754,252
| -70% | -$126M |
|
544
CALL
Freeport-McMoran
FCX
$110B
| $53.9M | 0.03% |
4,032,700
-860,600
| -18% | -$12.4M |
|
|
HCR
545
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $53.7M | 0.03% |
3,096,438
+2,716,947
| +716% | +$50.2M |
|
546
Marriott International
MAR
$92.9B
| $53.7M | 0.03% |
+570,329
| New | +$49.5M |
|
547
PUT
JD.com
JD
$39.7B
| $53.5M | 0.03% |
1,720,500
-927,000
| -35% | -$27.3M |
|
548
CALL
Kohl's
KSS
$2B
| $53.4M | 0.03% |
1,342,000
+328,400
| +32% | +$13.4M |
|
549
Constellation Brands
STZ
$23.2B
| $53.3M | 0.03% |
328,935
+231,413
| +237% | +$36.1M |
|
550
BP
BP
$115B
| $53.3M | 0.03% |
1,770,021
-228,748
| -11% | -$6.95M |
|
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.