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 | |
|---|---|---|---|---|---|---|
51
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $514M | 0.26% |
57,655,000
-3,025,000
| -5% | -$25M |
|
52
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $510M | 0.26% |
3,614,000
+1,151,600
| +47% | +$143M |
|
53
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $509M | 0.26% |
3,055,300
+939,100
| +44% | +$157M |
|
54
CALL
IBM
IBM
$222B
| $503M | 0.25% |
3,020,743
+697,472
| +30% | +$117M |
|
55
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $496M | 0.25% |
7,946,600
+2,567,500
| +48% | +$155M |
|
56
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $489M | 0.25% |
2,369,100
-536,000
| -18% | -$109M |
|
|
AGN
57
PUT
DELISTED
Allergan plc
AGN
| $486M | 0.25% |
2,035,000
-528,900
| -21% | -$123M |
|
58
PUT
Biogen
BIIB
$32B
| $484M | 0.24% |
1,768,900
+377,800
| +27% | +$107M |
|
59
CALL
Comcast
CMCSA
$95.3B
| $483M | 0.24% |
12,854,900
+1,818,500
| +16% | +$67.5M |
|
60
CALL
Johnson & Johnson
JNJ
$651B
| $464M | 0.23% |
3,727,900
+519,500
| +16% | +$62.1M |
|
61
PUT
United States Oil Fund
USO
$2.24B
| $461M | 0.23% |
5,415,300
+650,787
| +14% | +$57.6M |
|
62
PUT
Wells Fargo
WFC
$254B
| $460M | 0.23% |
8,270,400
-173,700
| -2% | -$9.86M |
|
|
63
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $460M | 0.23% |
3,257,200
+967,700
| +42% | +$120M |
|
64
PUT
FedEx
FDX
$76.9B
| $453M | 0.23% |
2,321,800
+990,000
| +74% | +$189M |
|
65
PUT
Boeing
BA
$169B
| $449M | 0.23% |
2,537,200
-107,400
| -4% | -$18.3M |
|
|
66
Bank of America
BAC
$431B
| $444M | 0.22% |
18,820,930
+14,837,131
| +372% | +$352M |
|
67
CALL
United Parcel Service
UPS
$86.8B
| $438M | 0.22% |
4,078,600
-1,281,700
| -24% | -$140M |
|
68
Meta Platforms (Facebook)
META
$1.4T
| $432M | 0.22% |
3,039,287
+838,923
| +38% | +$112M |
|
69
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $429M | 0.22% |
12,270,200
+4,078,800
| +50% | +$147M |
|
|
70
CALL
Wells Fargo
WFC
$254B
| $423M | 0.21% |
7,605,000
-2,208,800
| -23% | -$125M |
|
71
PUT
3M
MMM
$92.3B
| $419M | 0.21% |
2,618,522
+1,083,456
| +71% | +$166M |
|
72
CALL
NVIDIA
NVDA
$5.2T
| $417M | 0.21% |
153,016,000
+17,532,000
| +13% | +$46.7M |
|
73
CALL
JPMorgan Chase
JPM
$935B
| $415M | 0.21% |
4,728,400
-3,148,800
| -40% | -$278M |
|
|
74
PUT
IBM
IBM
$222B
| $415M | 0.21% |
2,491,990
-410,974
| -14% | -$68.9M |
|
|
75
CALL
Biogen
BIIB
$32B
| $409M | 0.21% |
1,495,600
+121,600
| +9% | +$34.4M |
|
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.