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 |
Procter & Gamble
PG
|
+$4.12B |
| 2 |
Gilead Sciences
GILD
|
+$379M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$286M |
| 4 |
Amazon
AMZN
|
+$271M |
| 5 |
Meta Platforms (Facebook)
META
|
+$266M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$762M |
| 2 |
SPDR Gold Trust
GLD
|
+$410M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$400M |
| 4 |
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
|
+$227M |
| 5 |
Synchrony
SYF
|
+$195M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 2.31% |
| 2 | Technology | 1.26% |
| 3 | Financials | 1.12% |
| 4 | Healthcare | 1.04% |
| 5 | Consumer Discretionary | 0.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
Biogen
BIIB
$32B
| $534M | 0.26% |
1,705,400
+158,800
| +10% | +$47M |
|
52
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $529M | 0.26% |
2,896,800
-538,300
| -16% | -$98.8M |
|
|
53
Amazon
AMZN
$2.79T
| $526M | 0.25% |
12,562,600
+7,093,140
| +130% | +$271M |
|
54
PUT
IBM
IBM
$222B
| $521M | 0.25% |
3,431,926
-954,057
| -22% | -$145M |
|
55
CALL
AT&T
T
$173B
| $497M | 0.24% |
16,211,056
-1,066,085
| -6% | -$33.7M |
|
56
CALL
Microsoft
MSFT
$3.59T
| $480M | 0.23% |
8,330,200
-2,962,200
| -26% | -$167M |
|
57
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $479M | 0.23% |
56,575,000
+12,140,000
| +27% | +$99.8M |
|
|
58
PUT
Microsoft
MSFT
$3.59T
| $476M | 0.23% |
8,255,500
+1,051,100
| +15% | +$59.3M |
|
59
PUT
ExxonMobil
XOM
$679B
| $469M | 0.23% |
5,377,400
-1,062,600
| -17% | -$94.3M |
|
|
60
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $461M | 0.22% |
54,440,000
-23,450,000
| -30% | -$193M |
|
|
61
CALL
IBM
IBM
$222B
| $459M | 0.22% |
3,020,325
+377,711
| +14% | +$57.3M |
|
62
PUT
United States Oil Fund
USO
$2.24B
| $457M | 0.22% |
5,223,700
+1,233,762
| +31% | +$104M |
|
63
CALL
Verizon
VZ
$205B
| $455M | 0.22% |
8,754,800
+887,600
| +11% | +$47.6M |
|
64
CALL
T-Mobile US
TMUS
$196B
| $453M | 0.22% |
9,696,200
-64,300
| -0.7% | -$2.95M |
|
65
PUT
Johnson & Johnson
JNJ
$651B
| $451M | 0.22% |
3,816,400
+301,400
| +9% | +$36.6M |
|
66
PUT
Goldman Sachs
GS
$303B
| $446M | 0.22% |
2,766,400
-664,600
| -19% | -$108M |
|
|
67
CALL
Gilead Sciences
GILD
$181B
| $443M | 0.21% |
5,593,300
+344,500
| +7% | +$28M |
|
|
AGN
68
CALL
DELISTED
Allergan plc
AGN
| $440M | 0.21% |
1,911,800
-828,800
| -30% | -$203M |
|
69
CALL
Walt Disney
DIS
$186B
| $435M | 0.21% |
4,679,700
-927,500
| -17% | -$88.8M |
|
70
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $429M | 0.21% |
7,254,500
-626,400
| -8% | -$36.3M |
|
71
PUT
Wells Fargo
WFC
$254B
| $424M | 0.2% |
9,581,900
+4,914,600
| +105% | +$235M |
|
|
72
PUT
Walt Disney
DIS
$186B
| $423M | 0.2% |
4,558,600
-791,700
| -15% | -$75.8M |
|
|
73
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $421M | 0.2% |
2,301,000
-539,700
| -19% | -$99.1M |
|
74
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $418M | 0.2% |
2,715,025
+134,775
| +5% | +$19.3M |
|
|
75
PUT
Bristol-Myers Squibb
BMY
$137B
| $395M | 0.19% |
7,323,300
+5,804,800
| +382% | +$373M |
|
Similar funds
Jeff Yass's Q3 2016 Portfolio in Review
As of Q3 2016, Jeff Yass held 9,816 positions worth $207B, up 11% from $187B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jeff Yass deployed $7.57B of net new capital in Q3 2016, opening 1,347 new positions and adding to 3,275 existing holdings. Its largest new stake was Bristol-Myers Squibb: 4,459,411 shares worth $240M.
By sector, the portfolio is most concentrated in Consumer Staples at 2.3% of assets, up from 0.28% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Apple, an estimated $762M trimmed.
- Jeff Yass's largest Q3 2016 buy was Bristol-Myers Squibb: 4,459,411 shares worth $240M.
- Jeff Yass added most to Procter & Gamble in Q3 2016, an estimated $4.12B increase.
- Jeff Yass's biggest Q3 2016 reduction was Apple, cutting an estimated $762M.
- Jeff Yass fully exited QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS in Q3 2016, selling an estimated $227M.
- Jeff Yass's ten largest holdings make up 27% of its $207B portfolio in Q3 2016.
- Jeff Yass opened 1,347 new positions and closed 1,488 in Q3 2016.
- Jeff Yass's portfolio value rose 11% quarter-over-quarter to $207B.
Based on Susquehanna International Group's 13F filing for Q3 2016, filed 14 Nov 2016.