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 | |
|---|---|---|---|---|---|---|
|
AGN
76
PUT
DELISTED
Allergan plc
AGN
| $471M | 0.21% |
1,939,200
-95,800
| -5% | -$22.5M |
|
77
PUT
Costco
COST
$420B
| $464M | 0.2% |
2,903,400
+1,550,200
| +115% | +$267M |
|
78
PUT
Micron Technology
MU
$1.09T
| $463M | 0.2% |
15,501,500
+9,020,000
| +139% | +$264M |
|
79
PUT
Intel
INTC
$476B
| $461M | 0.2% |
13,659,100
+3,514,100
| +35% | +$126M |
|
80
PUT
JPMorgan Chase
JPM
$935B
| $457M | 0.2% |
5,004,100
+530,900
| +12% | +$45.8M |
|
|
CELG
81
CALL
DELISTED
Celgene Corp
CELG
| $455M | 0.2% |
3,504,000
+247,400
| +8% | +$30.3M |
|
82
CALL
Biogen
BIIB
$32B
| $452M | 0.2% |
1,666,600
+171,000
| +11% | +$45.2M |
|
83
PUT
Johnson & Johnson
JNJ
$651B
| $443M | 0.19% |
3,345,000
+154,300
| +5% | +$19.7M |
|
|
PX
84
CALL
DELISTED
Praxair Inc
PX
| $440M | 0.19% |
3,316,000
+871,400
| +36% | +$112M |
|
85
PUT
Procter & Gamble
PG
$336B
| $438M | 0.19% |
5,021,200
+942,900
| +23% | +$83.1M |
|
86
CALL
United Parcel Service
UPS
$86.8B
| $434M | 0.19% |
3,925,900
-152,700
| -4% | -$16.3M |
|
87
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $427M | 0.19% |
2,523,600
+227,800
| +10% | +$37.9M |
|
|
88
PUT
Biogen
BIIB
$32B
| $421M | 0.18% |
1,550,700
-218,200
| -12% | -$57.7M |
|
89
CALL
Caterpillar
CAT
$381B
| $415M | 0.18% |
3,865,400
+1,174,600
| +44% | +$119M |
|
|
90
Micron Technology
MU
$1.09T
| $406M | 0.18% |
13,608,614
+7,921,136
| +139% | +$232M |
|
|
91
CALL
Johnson & Johnson
JNJ
$651B
| $406M | 0.18% |
3,070,700
-657,200
| -18% | -$83.8M |
|
92
PUT
Union Pacific
UNP
$183B
| $404M | 0.18% |
3,707,100
+1,103,000
| +42% | +$120M |
|
|
93
Alphabet (Google) Class A
GOOGL
$4.22T
| $404M | 0.18% |
8,681,600
+3,508,020
| +68% | +$164M |
|
94
CALL
Merck
MRK
$376B
| $403M | 0.18% |
6,584,898
+551,038
| +9% | +$33.5M |
|
95
CALL
AB InBev
BUD
$155B
| $398M | 0.17% |
3,604,400
+1,815,600
| +101% | +$208M |
|
96
PUT
SPDR Gold Trust
GLD
$152B
| $395M | 0.17% |
3,346,000
+450,400
| +16% | +$53.9M |
|
97
PUT
ExxonMobil
XOM
$679B
| $387M | 0.17% |
4,795,400
+168,800
| +4% | +$13.8M |
|
98
CALL
Comcast
CMCSA
$95.3B
| $386M | 0.17% |
9,913,800
-2,941,100
| -23% | -$116M |
|
99
PUT
FedEx
FDX
$76.9B
| $382M | 0.17% |
1,758,200
-563,600
| -24% | -$111M |
|
100
CALL
Bristol-Myers Squibb
BMY
$137B
| $375M | 0.17% |
6,738,200
+514,300
| +8% | +$28M |
|
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.