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
|
+$528M |
| 2 |
Boeing
BA
|
+$375M |
| 3 |
GE Aerospace
GE
|
+$346M |
| 4 |
Intel
INTC
|
+$340M |
| 5 |
Union Pacific
UNP
|
+$281M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$695M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$639M |
| 3 |
Booking.com
BKNG
|
+$333M |
| 4 |
Bank of America
BAC
|
+$194M |
| 5 |
NVIDIA
NVDA
|
+$189M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.64% |
| 2 | Consumer Discretionary | 0.99% |
| 3 | Communication Services | 0.98% |
| 4 | Healthcare | 0.9% |
| 5 | Industrials | 0.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Home Depot
HD
$335B
| $718M | 0.25% |
3,786,300
+2,078,000
| +122% | +$359M |
|
52
PUT
AT&T
T
$173B
| $707M | 0.25% |
24,061,449
+4,242,228
| +21% | +$116M |
|
53
Meta Platforms (Facebook)
META
$1.4T
| $698M | 0.25% |
3,956,306
+1,333,274
| +51% | +$236M |
|
|
VXX
54
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $697M | 0.25% |
24,972,800
-4,718,800
| -16% | -$156M |
|
|
AABA
55
DELISTED
Altaba Inc
AABA
| $687M | 0.24% |
9,834,673
+533,914
| +6% | +$37.2M |
|
56
CALL
United Parcel Service
UPS
$86.8B
| $686M | 0.24% |
5,755,300
+196,800
| +4% | +$23.1M |
|
57
PUT
Citigroup
C
$221B
| $675M | 0.24% |
9,069,200
+1,063,700
| +13% | +$78.7M |
|
58
PUT
Intuitive Surgical
ISRG
$134B
| $658M | 0.23% |
5,412,900
-923,100
| -15% | -$116M |
|
59
CALL
SPDR Gold Trust
GLD
$152B
| $646M | 0.23% |
5,227,900
-3,205,800
| -38% | -$389M |
|
|
AGN
60
PUT
DELISTED
Allergan plc
AGN
| $622M | 0.22% |
3,799,900
+732,200
| +24% | +$131M |
|
61
PUT
Goldman Sachs
GS
$303B
| $621M | 0.22% |
2,439,300
-82,400
| -3% | -$20.2M |
|
62
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $599M | 0.21% |
2,421,400
-100,200
| -4% | -$23.7M |
|
|
63
CALL
Boeing
BA
$169B
| $575M | 0.2% |
1,949,200
-8,800
| -0.4% | -$2.38M |
|
64
PUT
IBM
IBM
$222B
| $572M | 0.2% |
3,901,162
+1,132,400
| +41% | +$165M |
|
|
65
Boeing
BA
$169B
| $563M | 0.2% |
1,908,473
+1,384,904
| +265% | +$375M |
|
66
PUT
Wells Fargo
WFC
$254B
| $547M | 0.19% |
9,021,700
-256,200
| -3% | -$14.5M |
|
67
CALL
AB InBev
BUD
$155B
| $543M | 0.19% |
4,868,400
+1,939,800
| +66% | +$228M |
|
|
68
PUT
Intel
INTC
$476B
| $533M | 0.19% |
11,556,300
+2,480,300
| +27% | +$108M |
|
|
69
CALL
Wells Fargo
WFC
$254B
| $525M | 0.19% |
8,647,900
+3,718,700
| +75% | +$210M |
|
70
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $525M | 0.19% |
2,646,400
+274,700
| +12% | +$52.2M |
|
|
VXX
71
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $518M | 0.18% |
18,562,600
-5,502,700
| -23% | -$182M |
|
72
CALL
Bristol-Myers Squibb
BMY
$137B
| $518M | 0.18% |
8,447,500
+800,900
| +10% | +$50.1M |
|
|
CELG
73
CALL
DELISTED
Celgene Corp
CELG
| $516M | 0.18% |
4,947,800
+1,280,600
| +35% | +$144M |
|
74
Alphabet (Google) Class A
GOOGL
$4.22T
| $515M | 0.18% |
9,769,420
-3,083,260
| -24% | -$159M |
|
75
PUT
General Motors
GM
$77.2B
| $509M | 0.18% |
12,413,400
+4,184,700
| +51% | +$182M |
|
Similar funds
Jeff Yass's Q4 2017 Portfolio in Review
As of Q4 2017, Jeff Yass held 10,541 positions worth $283B, up 9.5% from $259B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass's Q4 2017 filing shows 1,808 new, 3,387 increased, 3,810 reduced and 1,384 closed positions. Its largest new stake was Union Pacific: 2,326,570 shares worth $312M. The largest sale was Amazon, an estimated $695M.
By sector, the portfolio is most concentrated in Technology at 2.6% of assets, up from 2.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jeff Yass's largest Q4 2017 buy was Union Pacific: 2,326,570 shares worth $312M.
- Jeff Yass added most to Apple in Q4 2017, an estimated $528M increase.
- Jeff Yass's biggest Q4 2017 reduction was Amazon, cutting an estimated $695M.
- Jeff Yass fully exited iShares iBoxx $ Investment Grade Corporate Bond ETF in Q4 2017, selling an estimated $639M.
- Jeff Yass's ten largest holdings make up 23% of its $283B portfolio in Q4 2017.
- Jeff Yass opened 1,808 new positions and closed 1,384 in Q4 2017.
- Jeff Yass's portfolio value rose 9.5% quarter-over-quarter to $283B.
Based on Susquehanna International Group's 13F filing for Q4 2017, filed 14 Feb 2018.