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
|
+$781M |
| 2 |
Amazon
AMZN
|
+$728M |
| 3 |
AABA
Altaba Inc
AABA
|
+$535M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$296M |
| 5 |
Booking.com
BKNG
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$353M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$261M |
| 3 |
Alibaba
BABA
|
+$228M |
| 4 |
Citigroup
C
|
+$170M |
| 5 |
DuPont de Nemours
DD
|
+$165M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.03% |
| 2 | Consumer Discretionary | 1.46% |
| 3 | Financials | 1.01% |
| 4 | Healthcare | 0.92% |
| 5 | Communication Services | 0.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $627M | 0.28% |
2,593,159
-1,474,872
| -36% | -$353M |
|
52
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $609M | 0.27% |
73,155,000
+15,500,000
| +27% | +$144M |
|
53
CALL
SPDR Gold Trust
GLD
$152B
| $595M | 0.26% |
5,038,900
-1,301,500
| -21% | -$156M |
|
54
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $566M | 0.25% |
1,153,200
+346,900
| +43% | +$152M |
|
|
55
PUT
Citigroup
C
$221B
| $563M | 0.25% |
8,423,700
-996,700
| -11% | -$61.1M |
|
|
56
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $559M | 0.25% |
67,210,000
-4,550,000
| -6% | -$42.2M |
|
57
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $547M | 0.24% |
22,192,100
+7,781,100
| +54% | +$185M |
|
58
PUT
Walt Disney
DIS
$186B
| $540M | 0.24% |
5,086,900
+2,179,600
| +75% | +$239M |
|
59
CALL
JPMorgan Chase
JPM
$935B
| $538M | 0.24% |
5,888,500
+1,160,100
| +25% | +$100M |
|
|
AABA
60
DELISTED
Altaba Inc
AABA
| $536M | 0.24% |
+9,835,232
| New | +$535M |
|
61
PUT
Intuitive Surgical
ISRG
$134B
| $529M | 0.23% |
5,087,700
+2,057,400
| +68% | +$198M |
|
|
62
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $525M | 0.23% |
1,069,500
+239,100
| +29% | +$105M |
|
63
PUT
Boeing
BA
$169B
| $521M | 0.23% |
2,634,100
+96,900
| +4% | +$18M |
|
64
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $520M | 0.23% |
16,010,600
+3,740,400
| +30% | +$126M |
|
|
65
Booking.com
BKNG
$158B
| $518M | 0.23% |
6,918,475
+3,734,175
| +117% | +$274M |
|
66
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $508M | 0.22% |
2,383,600
-179,600
| -7% | -$37.7M |
|
|
67
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $503M | 0.22% |
20,389,000
+13,612,100
| +201% | +$323M |
|
68
PUT
IBM
IBM
$222B
| $501M | 0.22% |
3,409,019
+917,029
| +37% | +$138M |
|
69
PUT
Wells Fargo
WFC
$254B
| $492M | 0.22% |
8,879,500
+609,100
| +7% | +$32.6M |
|
70
CALL
Procter & Gamble
PG
$336B
| $491M | 0.22% |
5,630,400
-1,216,500
| -18% | -$107M |
|
71
PUT
GE Aerospace
GE
$361B
| $490M | 0.22% |
3,788,844
+1,759,772
| +87% | +$241M |
|
72
CALL
AT&T
T
$173B
| $481M | 0.21% |
16,870,938
-3,812,060
| -18% | -$112M |
|
73
PUT
United States Oil Fund
USO
$2.24B
| $480M | 0.21% |
6,322,150
+906,850
| +17% | +$72.5M |
|
74
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $475M | 0.21% |
2,805,800
-249,500
| -8% | -$41.5M |
|
|
AGN
75
CALL
DELISTED
Allergan plc
AGN
| $473M | 0.21% |
1,943,800
-588,100
| -23% | -$138M |
|
Similar funds
Jeff Yass's Q2 2017 Portfolio in Review
As of Q2 2017, Jeff Yass held 10,525 positions worth $228B, up 15% from $198B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Jeff Yass deployed $21.5B of net new capital in Q2 2017, opening 1,702 new positions and adding to 3,804 existing holdings. Its largest new stake was Altaba Inc: 9,835,232 shares worth $536M.
By sector, the portfolio is most concentrated in Technology at 2% of assets, up from 1.2% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $353M trimmed.
- Jeff Yass's largest Q2 2017 buy was Altaba Inc: 9,835,232 shares worth $536M.
- Jeff Yass added most to Apple in Q2 2017, an estimated $781M increase.
- Jeff Yass's biggest Q2 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $353M.
- Jeff Yass fully exited Alphabet (Google) Class C in Q2 2017, selling an estimated $261M.
- Jeff Yass's ten largest holdings make up 22% of its $228B portfolio in Q2 2017.
- Jeff Yass opened 1,702 new positions and closed 1,419 in Q2 2017.
- Jeff Yass's portfolio value rose 15% quarter-over-quarter to $228B.
Based on Susquehanna International Group's 13F filing for Q2 2017, filed 15 Aug 2017.