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 | |
|---|---|---|---|---|---|---|
751
PUT
W.W. Grainger
GWW
$62.3B
| $39.1M | 0.02% |
217,500
+118,800
| +120% | +$20M |
|
752
PUT
Ambarella
AMBA
$3.07B
| $39M | 0.02% |
794,900
+221,800
| +39% | +$10.9M |
|
753
PUT
CarMax
KMX
$8.91B
| $38.9M | 0.02% |
513,500
-187,700
| -27% | -$12.5M |
|
754
CALL
NextEra Energy
NEE
$175B
| $38.9M | 0.02% |
1,062,000
-944,000
| -47% | -$34.6M |
|
755
Wheaton Precious Metals
WPM
$72.8B
| $38.9M | 0.02% |
2,038,064
-392,964
| -16% | -$7.73M |
|
756
PUT
Carnival Corporation Ltd
CCL
$35.2B
| $38.8M | 0.02% |
601,200
-69,700
| -10% | -$4.66M |
|
757
PUT
Phillips 66
PSX
$96.5B
| $38.8M | 0.02% |
423,500
-384,900
| -48% | -$32.6M |
|
|
GG
758
CALL
DELISTED
Goldcorp Inc
GG
| $38.8M | 0.02% |
2,992,300
-694,000
| -19% | -$9.12M |
|
759
CALL
Dollar General
DG
$27.6B
| $38.8M | 0.02% |
478,300
-97,900
| -17% | -$7.33M |
|
760
iShares Silver Trust
SLV
$33.5B
| $38.7M | 0.02% |
2,460,836
-645,413
| -21% | -$10.3M |
|
761
PUT
Aflac
AFL
$59.3B
| $38.7M | 0.02% |
951,600
+186,000
| +24% | +$7.49M |
|
762
PUT
TAL Education Group
TAL
$6.37B
| $38.7M | 0.01% |
1,147,100
-1,166,500
| -50% | -$32.9M |
|
763
Deutsche Bank
DB
$72.2B
| $38.7M | 0.01% |
2,237,380
+873,880
| +64% | +$15.1M |
|
764
CALL
Petrobras
PBR
$120B
| $38.6M | 0.01% |
3,842,600
+1,016,900
| +36% | +$9.23M |
|
765
PUT
TripAdvisor
TRIP
$1.19B
| $38.5M | 0.01% |
951,000
-244,000
| -20% | -$9.91M |
|
766
PUT
Analog Devices
ADI
$181B
| $38.5M | 0.01% |
446,800
-1,013,800
| -69% | -$81.8M |
|
767
CALL
Automatic Data Processing
ADP
$112B
| $38.4M | 0.01% |
351,100
+45,900
| +15% | +$4.92M |
|
768
CALL
Yum! Brands
YUM
$42.9B
| $38.4M | 0.01% |
521,400
-230,900
| -31% | -$17.4M |
|
|
WUBA
769
PUT
DELISTED
58.com Inc
WUBA
| $38.4M | 0.01% |
607,800
+139,600
| +30% | +$7.93M |
|
|
HES
770
CALL
DELISTED
Hess
HES
| $38.4M | 0.01% |
818,000
-150,100
| -16% | -$6.35M |
|
771
Kinder Morgan
KMI
$69B
| $38.3M | 0.01% |
1,997,705
-990,253
| -33% | -$19.3M |
|
772
PUT
Public Storage
PSA
$60.7B
| $38.3M | 0.01% |
179,000
+73,700
| +70% | +$15.2M |
|
773
PUT
LyondellBasell Industries
LYB
$21.1B
| $38.2M | 0.01% |
385,900
-85,800
| -18% | -$7.72M |
|
|
APC
774
CALL
DELISTED
Anadarko Petroleum
APC
| $38.1M | 0.01% |
780,600
+57,000
| +8% | +$2.51M |
|
775
PUT
Lumentum
LITE
$74.5B
| $38.1M | 0.01% |
700,800
+167,300
| +31% | +$9.72M |
|
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.