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 | |
|---|---|---|---|---|---|---|
51
CALL
Wells Fargo
WFC
$254B
| $541M | 0.27% |
9,813,800
+3,864,400
| +65% | +$194M |
|
|
AGN
52
PUT
DELISTED
Allergan plc
AGN
| $538M | 0.27% |
2,563,900
-556,900
| -18% | -$115M |
|
53
PUT
Citigroup
C
$221B
| $536M | 0.27% |
9,023,800
-2,615,400
| -22% | -$141M |
|
54
PUT
Microsoft
MSFT
$3.59T
| $521M | 0.26% |
8,382,800
+127,300
| +2% | +$7.66M |
|
|
VXX
55
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $519M | 0.26% |
5,087,775
-147,200
| -3% | -$17.7M |
|
|
AGN
56
CALL
DELISTED
Allergan plc
AGN
| $512M | 0.26% |
2,436,500
+524,700
| +27% | +$109M |
|
57
PUT
SPDR Gold Trust
GLD
$152B
| $507M | 0.26% |
4,621,900
+1,785,400
| +63% | +$207M |
|
58
PUT
NVIDIA
NVDA
$5.2T
| $496M | 0.25% |
186,056,000
+57,180,000
| +44% | +$119M |
|
59
CALL
Verizon
VZ
$205B
| $478M | 0.24% |
8,955,500
+200,700
| +2% | +$10M |
|
|
60
PUT
Wells Fargo
WFC
$254B
| $465M | 0.24% |
8,444,100
-1,137,800
| -12% | -$57.2M |
|
61
PUT
IBM
IBM
$222B
| $461M | 0.23% |
2,902,964
-528,962
| -15% | -$80.6M |
|
62
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $458M | 0.23% |
60,680,000
+6,240,000
| +11% | +$49.2M |
|
63
PUT
JPMorgan Chase
JPM
$935B
| $452M | 0.23% |
5,240,500
+1,386,900
| +36% | +$106M |
|
64
PUT
United States Oil Fund
USO
$2.24B
| $447M | 0.23% |
4,764,513
-459,187
| -9% | -$40.5M |
|
65
CALL
GE Aerospace
GE
$361B
| $444M | 0.23% |
2,932,975
-2,915,928
| -50% | -$424M |
|
66
PUT
Chevron
CVX
$403B
| $437M | 0.22% |
3,710,800
+80,400
| +2% | +$8.76M |
|
67
CALL
American Airlines Group
AAL
$9.15B
| $435M | 0.22% |
9,309,600
+2,679,900
| +40% | +$117M |
|
68
PUT
Johnson & Johnson
JNJ
$651B
| $433M | 0.22% |
3,761,100
-55,300
| -1% | -$6.39M |
|
69
PUT
ExxonMobil
XOM
$679B
| $432M | 0.22% |
4,789,200
-588,200
| -11% | -$51.4M |
|
70
PUT
Morgan Stanley
MS
$336B
| $426M | 0.22% |
10,089,000
-802,500
| -7% | -$30.3M |
|
71
CALL
Gilead Sciences
GILD
$181B
| $419M | 0.21% |
5,854,800
+261,500
| +5% | +$19.4M |
|
72
PUT
Boeing
BA
$169B
| $412M | 0.21% |
2,644,600
-208,300
| -7% | -$30.4M |
|
|
73
CALL
Procter & Gamble
PG
$336B
| $405M | 0.21% |
4,817,900
-3,056,300
| -39% | -$260M |
|
74
PUT
AT&T
T
$173B
| $404M | 0.21% |
12,575,352
+302,666
| +2% | +$8.93M |
|
75
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $400M | 0.2% |
2,026,300
-870,500
| -30% | -$164M |
|
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.