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 | |
|---|---|---|---|---|---|---|
|
SCHW
551
CALL
Charles Schwab
SCHW
$197B
| $60.8M | 0.02% |
1,389,700
+60,900
| +5% | +$2.53M |
|
|
PX
552
PUT
DELISTED
Praxair Inc
PX
| $60.8M | 0.02% |
434,900
-172,500
| -28% | -$23M |
|
553
CALL
Ally Financial
ALLY
$12.9B
| $60.7M | 0.02% |
2,503,000
+1,225,400
| +96% | +$27.4M |
|
554
CALL
Southern Company
SO
$104B
| $60.5M | 0.02% |
1,230,700
-144,400
| -11% | -$7M |
|
555
PUT
Applied Optoelectronics
AAOI
$9.1B
| $60.3M | 0.02% |
932,700
+114,200
| +14% | +$8.07M |
|
556
CALL
Lam Research
LRCX
$388B
| $60M | 0.02% |
3,243,000
+1,236,000
| +62% | +$20.1M |
|
557
PUT
Southwest Airlines
LUV
$19.9B
| $59.9M | 0.02% |
1,070,300
+543,200
| +103% | +$30.5M |
|
|
AIG.WS
558
DELISTED
American International Group, Inc.
AIG.WS
| $59.5M | 0.02% |
2,973,920
+1,158,036
| +64% | +$23.5M |
|
559
PUT
Marathon Petroleum
MPC
$102B
| $59.4M | 0.02% |
1,058,600
+105,300
| +11% | +$5.65M |
|
560
CALL
Waste Management
WM
$90.5B
| $59.3M | 0.02% |
757,100
-214,400
| -22% | -$16.3M |
|
|
DISH
561
CALL
DELISTED
DISH Network Corp.
DISH
| $59.1M | 0.02% |
1,090,600
-289,200
| -21% | -$17.1M |
|
562
CALL
Texas Instruments
TXN
$236B
| $59M | 0.02% |
658,500
-254,300
| -28% | -$20.9M |
|
|
HES
563
PUT
DELISTED
Hess
HES
| $58.9M | 0.02% |
1,255,200
-345,000
| -22% | -$14.6M |
|
564
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.53B
| $58.7M | 0.02% |
1,423,990
-2,654,967
| -65% | -$106M |
|
565
PUT
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$18.4B
| $58.3M | 0.02% |
7,591,500
+6,571,500
| +644% | +$42.5M |
|
566
CALL
GSK
GSK
$104B
| $58.3M | 0.02% |
1,148,240
-58,560
| -5% | -$2.97M |
|
|
APC
567
PUT
DELISTED
Anadarko Petroleum
APC
| $58.2M | 0.02% |
1,191,300
+87,800
| +8% | +$3.87M |
|
|
ESRX
568
CALL
DELISTED
Express Scripts Holding Company
ESRX
| $57.9M | 0.02% |
914,300
-43,000
| -4% | -$2.67M |
|
569
PUT
Dollar Tree
DLTR
$26.3B
| $57.6M | 0.02% |
663,300
-286,300
| -30% | -$21.8M |
|
|
570
PUT
Waste Management
WM
$90.5B
| $57.1M | 0.02% |
729,400
+316,000
| +76% | +$24M |
|
571
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$361M
| $56.9M | 0.02% |
499,100
+69,600
| +16% | +$7.91M |
|
|
PARA
572
CALL
DELISTED
Paramount Global Class B
PARA
| $56.9M | 0.02% |
981,500
-320,900
| -25% | -$20.3M |
|
573
CALL
HCA Healthcare
HCA
$92.9B
| $56.9M | 0.02% |
714,700
-570,900
| -44% | -$45.9M |
|
574
PUT
Rio Tinto
RIO
$170B
| $56.3M | 0.02% |
1,192,300
-526,300
| -31% | -$24.5M |
|
575
PUT
Yelp
YELP
$1.29B
| $56.2M | 0.02% |
1,298,400
-1,302,900
| -50% | -$50.3M |
|
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.