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 | |
|---|---|---|---|---|---|---|
76
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $501M | 0.18% |
10,844,800
+457,700
| +4% | +$21.1M |
|
77
PUT
Costco
COST
$420B
| $500M | 0.18% |
2,685,600
-740,400
| -22% | -$128M |
|
78
CALL
Walt Disney
DIS
$186B
| $492M | 0.17% |
4,577,600
+569,300
| +14% | +$58.6M |
|
79
CALL
Goldman Sachs
GS
$303B
| $490M | 0.17% |
1,922,900
-12,400
| -0.6% | -$3.04M |
|
80
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $490M | 0.17% |
1,302,200
+329,500
| +34% | +$133M |
|
81
Micron Technology
MU
$1.09T
| $489M | 0.17% |
11,891,858
-226,323
| -2% | -$9.75M |
|
|
PX
82
CALL
DELISTED
Praxair Inc
PX
| $487M | 0.17% |
3,148,400
-230,400
| -7% | -$34.2M |
|
|
83
PUT
Walt Disney
DIS
$186B
| $470M | 0.17% |
4,367,800
-962,200
| -18% | -$99.1M |
|
|
84
PUT
GE Aerospace
GE
$361B
| $467M | 0.16% |
5,579,040
+2,075,770
| +59% | +$198M |
|
85
PUT
JPMorgan Chase
JPM
$935B
| $466M | 0.16% |
4,360,700
-1,729,500
| -28% | -$175M |
|
86
Gilead Sciences
GILD
$181B
| $457M | 0.16% |
6,383,610
+940,945
| +17% | +$71.5M |
|
87
PUT
Qualcomm
QCOM
$169B
| $452M | 0.16% |
7,053,800
+1,958,100
| +38% | +$119M |
|
|
CELG
88
PUT
DELISTED
Celgene Corp
CELG
| $446M | 0.16% |
4,275,700
+1,868,800
| +78% | +$211M |
|
89
CALL
ExxonMobil
XOM
$679B
| $446M | 0.16% |
5,329,000
+1,020,400
| +24% | +$84.4M |
|
|
90
GE Aerospace
GE
$361B
| $445M | 0.16% |
5,322,129
+3,628,739
| +214% | +$346M |
|
91
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $442M | 0.16% |
1,788,600
-494,600
| -22% | -$117M |
|
92
CALL
Verizon
VZ
$205B
| $442M | 0.16% |
8,302,400
-172,800
| -2% | -$8.5M |
|
93
PUT
JD.com
JD
$39.7B
| $437M | 0.15% |
10,550,900
+4,548,300
| +76% | +$179M |
|
94
PUT
Biogen
BIIB
$32B
| $436M | 0.15% |
1,369,400
+33,300
| +2% | +$10.7M |
|
|
95
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $431M | 0.15% |
1,146,800
-65,600
| -5% | -$26.6M |
|
96
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $427M | 0.15% |
15,314,800
-2,727,800
| -15% | -$73.4M |
|
97
PUT
Baidu
BIDU
$31.6B
| $427M | 0.15% |
1,822,400
-84,500
| -4% | -$20.7M |
|
98
CALL
Walmart Inc
WMT
$825B
| $423M | 0.15% |
12,843,900
-1,854,900
| -13% | -$56.8M |
|
99
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $422M | 0.15% |
6,006,100
-570,900
| -9% | -$39.7M |
|
100
CALL
McDonald's
MCD
$192B
| $421M | 0.15% |
2,443,900
+776,900
| +47% | +$130M |
|
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.