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
|
+$1.31B |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$339M |
| 3 |
Tesla
TSLA
|
+$275M |
| 4 |
Alibaba
BABA
|
+$236M |
| 5 |
AGN
Allergan plc
AGN
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$474M |
| 2 |
Gilead Sciences
GILD
|
+$359M |
| 3 |
Amazon
AMZN
|
+$274M |
| 4 |
Intel
INTC
|
+$248M |
| 5 |
Microsoft
MSFT
|
+$237M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.38% |
| 2 | Consumer Discretionary | 1.42% |
| 3 | Communication Services | 1.04% |
| 4 | Healthcare | 0.74% |
| 5 | Financials | 0.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $659M | 0.25% |
3,512,950
-1,128,250
| -24% | -$190M |
|
52
PUT
Micron Technology
MU
$1.09T
| $654M | 0.25% |
16,623,500
+1,122,000
| +7% | +$35.5M |
|
|
53
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $640M | 0.25% |
5,280,132
+2,805,730
| +113% | +$339M |
|
|
54
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $640M | 0.25% |
3,412,700
-1,783,900
| -34% | -$300M |
|
|
AGN
55
PUT
DELISTED
Allergan plc
AGN
| $629M | 0.24% |
3,067,700
+1,128,500
| +58% | +$262M |
|
56
Alphabet (Google) Class A
GOOGL
$4.22T
| $626M | 0.24% |
12,852,680
+4,171,080
| +48% | +$198M |
|
|
AABA
57
DELISTED
Altaba Inc
AABA
| $616M | 0.24% |
9,300,759
-534,473
| -5% | -$32.8M |
|
58
CALL
AT&T
T
$173B
| $601M | 0.23% |
20,299,303
+3,428,365
| +20% | +$97.3M |
|
59
PUT
Goldman Sachs
GS
$303B
| $598M | 0.23% |
2,521,700
-465,800
| -16% | -$105M |
|
|
60
PUT
AT&T
T
$173B
| $586M | 0.23% |
19,819,221
+7,363,691
| +59% | +$209M |
|
61
PUT
Citigroup
C
$221B
| $582M | 0.23% |
8,005,500
-418,200
| -5% | -$28.6M |
|
62
PUT
JPMorgan Chase
JPM
$935B
| $582M | 0.22% |
6,090,200
+1,086,100
| +22% | +$100M |
|
63
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $564M | 0.22% |
2,521,600
+138,000
| +6% | +$30.2M |
|
64
PUT
Costco
COST
$420B
| $563M | 0.22% |
3,426,000
+522,600
| +18% | +$82.1M |
|
|
65
CALL
JPMorgan Chase
JPM
$935B
| $560M | 0.22% |
5,859,600
-28,900
| -0.5% | -$2.67M |
|
66
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $542M | 0.21% |
1,212,400
+59,200
| +5% | +$28.2M |
|
|
CELG
67
CALL
DELISTED
Celgene Corp
CELG
| $535M | 0.21% |
3,667,200
+163,200
| +5% | +$22.2M |
|
68
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $534M | 0.21% |
2,913,400
+107,600
| +4% | +$19M |
|
69
PUT
Walt Disney
DIS
$186B
| $525M | 0.2% |
5,330,000
+243,100
| +5% | +$25M |
|
70
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $524M | 0.2% |
85,130,000
+11,975,000
| +16% | +$80.7M |
|
71
PUT
SPDR Gold Trust
GLD
$152B
| $513M | 0.2% |
4,218,300
+872,300
| +26% | +$106M |
|
72
PUT
Wells Fargo
WFC
$254B
| $512M | 0.2% |
9,277,900
+398,400
| +4% | +$21.2M |
|
|
73
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $511M | 0.2% |
2,283,200
-783,000
| -26% | -$171M |
|
74
Bank of America
BAC
$431B
| $502M | 0.19% |
19,796,323
-8,121,872
| -29% | -$197M |
|
75
CALL
Boeing
BA
$169B
| $498M | 0.19% |
1,958,000
+335,900
| +21% | +$78.3M |
|
Similar funds
Jeff Yass's Q3 2017 Portfolio in Review
As of Q3 2017, Jeff Yass held 10,422 positions worth $259B, up 14% from $228B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $19.7B of net new capital in Q3 2017, opening 1,312 new positions and adding to 3,605 existing holdings. Its largest new stake was JPMorgan Chase: 794,224 shares worth $75.9M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 2% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $474M trimmed.
- Jeff Yass's largest Q3 2017 buy was JPMorgan Chase: 794,224 shares worth $75.9M.
- Jeff Yass added most to Apple in Q3 2017, an estimated $1.31B increase.
- Jeff Yass's biggest Q3 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $474M.
- Jeff Yass fully exited iShares 20+ Year Treasury Bond ETF in Q3 2017, selling an estimated $69.3M.
- Jeff Yass's ten largest holdings make up 24% of its $259B portfolio in Q3 2017.
- Jeff Yass opened 1,312 new positions and closed 1,693 in Q3 2017.
- Jeff Yass's portfolio value rose 14% quarter-over-quarter to $259B.
Based on Susquehanna International Group's 13F filing for Q3 2017, filed 14 Nov 2017.