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 |
Amazon
AMZN
|
+$685M |
| 2 |
BAS
Basis Energy Services, Inc.
BAS
|
+$459M |
| 3 |
WFT
Weatherford International plc
WFT
|
+$354M |
| 4 |
Air Products & Chemicals
APD
|
+$216M |
| 5 |
Mondelez International
MDLZ
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$3.97B |
| 2 |
Bank of America
BAC
|
+$1.16B |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$192M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$174M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$141M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.75% |
| 2 | Consumer Discretionary | 1.45% |
| 3 | Healthcare | 1.23% |
| 4 | Financials | 1.18% |
| 5 | Energy | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Biogen
BIIB
$32B
| $394M | 0.2% |
1,391,100
-314,300
| -18% | -$93.2M |
|
|
77
CALL
Biogen
BIIB
$32B
| $390M | 0.2% |
1,374,000
+209,500
| +18% | +$62.1M |
|
78
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $386M | 0.2% |
51,195,000
-5,380,000
| -10% | -$42.4M |
|
79
CALL
Comcast
CMCSA
$95.3B
| $381M | 0.19% |
11,036,400
-227,000
| -2% | -$7.58M |
|
|
VXX
80
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $375M | 0.19% |
3,676,475
-1,559,025
| -30% | -$187M |
|
81
CALL
Chevron
CVX
$403B
| $374M | 0.19% |
3,180,300
-621,000
| -16% | -$67.6M |
|
82
CALL
Johnson & Johnson
JNJ
$651B
| $370M | 0.19% |
3,208,400
+47,500
| +2% | +$5.49M |
|
83
CALL
IBM
IBM
$222B
| $369M | 0.19% |
2,323,271
-697,054
| -23% | -$106M |
|
84
Citigroup
C
$221B
| $367M | 0.19% |
6,183,328
-757,253
| -11% | -$40.9M |
|
85
PUT
Walt Disney
DIS
$186B
| $365M | 0.19% |
3,505,200
-1,053,400
| -23% | -$103M |
|
86
CALL
UnitedHealth
UNH
$350B
| $363M | 0.18% |
2,267,700
+1,389,100
| +158% | +$207M |
|
87
CALL
NVIDIA
NVDA
$5.2T
| $362M | 0.18% |
135,484,000
+24,620,000
| +22% | +$51.5M |
|
88
CALL
Invesco CurrencyShares Euro Currency Trust
FXE
$345M
| $353M | 0.18% |
3,453,000
+2,750,200
| +391% | +$288M |
|
|
CELG
89
CALL
DELISTED
Celgene Corp
CELG
| $351M | 0.18% |
3,035,800
+250,900
| +9% | +$27.9M |
|
|
90
PUT
Procter & Gamble
PG
$336B
| $349M | 0.18% |
4,146,600
-44,843,000
| -92% | -$3.82B |
|
91
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $345M | 0.18% |
2,116,200
-55,000
| -3% | -$8.47M |
|
92
CALL
Boeing
BA
$169B
| $341M | 0.17% |
2,190,600
-127,500
| -6% | -$18.6M |
|
|
WFT
93
DELISTED
Weatherford International plc
WFT
| $340M | 0.17% |
68,174,657
+67,684,055
| +13,796% | +$354M |
|
94
CALL
Charter Communications
CHTR
$17.9B
| $335M | 0.17% |
1,162,000
+205,500
| +21% | +$55.3M |
|
95
CALL
Amgen
AMGN
$238B
| $330M | 0.17% |
2,257,200
+65,000
| +3% | +$9.78M |
|
96
CALL
Marathon Petroleum
MPC
$101B
| $329M | 0.17% |
6,528,100
+1,693,700
| +35% | +$76.9M |
|
97
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $327M | 0.17% |
4,251,100
+954,000
| +29% | +$72.5M |
|
98
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $327M | 0.17% |
8,673,200
+1,878,000
| +28% | +$67.9M |
|
99
CALL
Humana
HUM
$45.5B
| $326M | 0.17% |
1,598,700
+117,800
| +8% | +$22.5M |
|
100
PUT
Nike
NKE
$60.5B
| $325M | 0.17% |
6,393,600
+2,107,300
| +49% | +$108M |
|
Similar funds
Jeff Yass's Q4 2016 Portfolio in Review
As of Q4 2016, Jeff Yass held 10,783 positions worth $197B, down 4.9% from $207B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $12.7B in Q4 2016, closing 1,274 positions and reducing 3,383 holdings. Its most notable exit was Synchrony, an estimated $104M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, up from 1.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jeff Yass opened a new position in Basis Energy Services, Inc. worth $59.7M.
- Jeff Yass's largest Q4 2016 buy was Basis Energy Services, Inc.: 1,689,160 shares worth $59.7M.
- Jeff Yass added most to Amazon in Q4 2016, an estimated $685M increase.
- Jeff Yass's biggest Q4 2016 reduction was Procter & Gamble, cutting an estimated $3.97B.
- Jeff Yass fully exited Synchrony in Q4 2016, selling an estimated $104M.
- Jeff Yass's ten largest holdings make up 21% of its $197B portfolio in Q4 2016.
- Jeff Yass opened 2,442 new positions and closed 1,274 in Q4 2016.
- Jeff Yass's portfolio value fell 4.9% quarter-over-quarter to $197B.
Based on Susquehanna International Group's 13F filing for Q4 2016, filed 14 Feb 2017.