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 | |
|---|---|---|---|---|---|---|
576
CALL
Duke Energy
DUK
$93.4B
| $49M | 0.02% |
597,800
+63,100
| +12% | +$5.02M |
|
|
TIF
577
CALL
DELISTED
Tiffany & Co.
TIF
| $48.9M | 0.02% |
513,200
-260,500
| -34% | -$22.2M |
|
578
CALL
Incyte
INCY
$25.9B
| $48.9M | 0.02% |
365,600
+57,900
| +19% | +$7.37M |
|
579
PUT
Devon Energy
DVN
$54B
| $48.8M | 0.02% |
1,170,500
-385,200
| -25% | -$16.9M |
|
580
Broadcom
AVGO
$1.75T
| $48.8M | 0.02% |
2,229,510
+2,211,760
| +12,461% | +$45.5M |
|
581
PUT
Wheaton Precious Metals
WPM
$71.7B
| $48.8M | 0.02% |
2,342,000
+210,700
| +10% | +$4.38M |
|
582
CALL
Truist Financial
TFC
$61.6B
| $48.5M | 0.02% |
1,084,800
-227,300
| -17% | -$10.6M |
|
583
PUT
Weibo
WB
$1.73B
| $48.4M | 0.02% |
928,100
+453,900
| +96% | +$22.6M |
|
584
CALL
Under Armour
UAA
$2.32B
| $48.4M | 0.02% |
2,447,000
+822,400
| +51% | +$19.2M |
|
585
Macy's
M
$6B
| $48.4M | 0.02% |
1,632,834
+1,045,661
| +178% | +$32.3M |
|
586
CALL
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| $48.2M | 0.02% |
1,997,100
+337,100
| +20% | +$7.51M |
|
587
CALL
Invesco CurrencyShares Japanese Yen Trust
FXY
$462M
| $48M | 0.02% |
555,000
-288,300
| -34% | -$24.5M |
|
588
PUT
Martin Marietta Materials
MLM
$32.1B
| $47.9M | 0.02% |
219,500
+135,900
| +163% | +$30M |
|
|
TSRO
589
CALL
DELISTED
TESARO, Inc.
TSRO
| $47.8M | 0.02% |
310,900
+97,100
| +45% | +$15.8M |
|
590
CALL
Teva Pharmaceuticals
TEVA
$43.5B
| $47.8M | 0.02% |
1,490,200
-808,000
| -35% | -$27.6M |
|
|
CHK
591
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $47.7M | 0.02% |
40,181
-18,084
| -31% | -$22M |
|
592
Viatris
VTRS
$18.7B
| $47.6M | 0.02% |
1,219,962
+127,511
| +12% | +$5.14M |
|
|
593
PUT
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| $47.1M | 0.02% |
1,953,200
-91,500
| -4% | -$2.04M |
|
|
CHK
594
DELISTED
Chesapeake Energy Corporation
CHK
| $47.1M | 0.02% |
39,667
-10,960
| -22% | -$13.3M |
|
595
CALL
Cummins
CMI
$80.9B
| $46.9M | 0.02% |
309,900
-196,900
| -39% | -$29.1M |
|
596
PUT
Marriott International
MAR
$92.9B
| $46.8M | 0.02% |
496,700
-67,200
| -12% | -$5.84M |
|
597
CALL
Vanguard Real Estate ETF
VNQ
$39.1B
| $46.8M | 0.02% |
566,300
+320,600
| +130% | +$26.6M |
|
598
CALL
Aflac
AFL
$58.2B
| $46.7M | 0.02% |
1,290,400
-379,600
| -23% | -$13.5M |
|
|
TIF
599
PUT
DELISTED
Tiffany & Co.
TIF
| $46.7M | 0.02% |
489,700
-209,200
| -30% | -$17.9M |
|
600
CALL
Cheniere Energy
LNG
$57.3B
| $46.6M | 0.02% |
986,400
-104,700
| -10% | -$4.83M |
|
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.