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 | |
|---|---|---|---|---|---|---|
1001
PUT
Banco Santander
SAN
$214B
| $27.1M | 0.01% |
4,069,461
-304,278
| -7% | -$1.94M |
|
1002
PUT
Dominion Energy
D
$58.6B
| $27.1M | 0.01% |
351,700
+119,500
| +51% | +$9.29M |
|
|
MMP
1003
PUT
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $27M | 0.01% |
380,300
+297,900
| +362% | +$20.6M |
|
|
PTLA
1004
PUT
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $27M | 0.01% |
499,800
+181,400
| +57% | +$10.6M |
|
1005
PUT
Sherwin-Williams
SHW
$84.2B
| $27M | 0.01% |
226,200
-168,300
| -43% | -$19.3M |
|
|
MXIM
1006
CALL
DELISTED
Maxim Integrated Products
MXIM
| $27M | 0.01% |
565,000
+134,800
| +31% | +$6.18M |
|
1007
CALL
Vanguard S&P 500 ETF
VOO
$1.02T
| $27M | 0.01% |
116,800
+6,900
| +6% | +$1.56M |
|
|
HIMX
1008
PUT
Himax Technologies
HIMX
$2.34B
| $26.9M | 0.01% |
2,462,100
+641,000
| +35% | +$5.82M |
|
|
DCH
1009
PUT
Dauch Corp
DCH
$1.53B
| $26.9M | 0.01% |
1,530,300
+819,900
| +115% | +$12.6M |
|
1010
PUT
Air Products & Chemicals
APD
$68.2B
| $26.8M | 0.01% |
177,400
+3,700
| +2% | +$542K |
|
1011
CALL
Royal Bank of Canada
RY
$284B
| $26.8M | 0.01% |
346,700
+57,000
| +20% | +$4.25M |
|
1012
PUT
Centene
CNC
$32.4B
| $26.8M | 0.01% |
553,800
+274,000
| +98% | +$11.8M |
|
|
DATA
1013
PUT
DELISTED
Tableau Software, Inc.
DATA
| $26.8M | 0.01% |
357,200
-149,000
| -29% | -$10.3M |
|
|
SLCA
1014
PUT
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $26.7M | 0.01% |
858,700
-165,400
| -16% | -$4.79M |
|
1015
PUT
Tapestry
TPR
$26.4B
| $26.7M | 0.01% |
662,200
+254,700
| +63% | +$11.2M |
|
1016
PUT
Steel Dynamics
STLD
$32.9B
| $26.6M | 0.01% |
772,600
+319,400
| +70% | +$11.2M |
|
|
PPLI
1017
CALL
People Inc
PPLI
$2.89B
| $26.6M | 0.01% |
1,263,443
+569,053
| +82% | +$11.1M |
|
|
POT
1018
CALL
DELISTED
Potash Corp Of Saskatchewan
POT
| $26.5M | 0.01% |
1,375,400
+605,400
| +79% | +$10.8M |
|
|
RSX
1019
CALL
DELISTED
VanEck Russia ETF
RSX
| $26.4M | 0.01% |
1,186,600
+230,600
| +24% | +$4.76M |
|
|
CTRA
1020
CALL
DELISTED
Coterra Energy
CTRA
| $26.4M | 0.01% |
988,000
+322,600
| +48% | +$8.2M |
|
1021
PUT
Bunge Global
BG
$21.2B
| $26.4M | 0.01% |
379,700
-10,900
| -3% | -$825K |
|
|
SAGE
1022
CALL
DELISTED
Sage Therapeutics
SAGE
| $26.3M | 0.01% |
422,400
+310,400
| +277% | +$24.4M |
|
1023
CALL
Estee Lauder
EL
$37.7B
| $26.2M | 0.01% |
243,000
+64,900
| +36% | +$6.66M |
|
|
PPLI
1024
PUT
People Inc
PPLI
$2.89B
| $26.2M | 0.01% |
1,246,097
+10,631
| +0.9% | +$206K |
|
1025
CALL
Nexstar Media Group
NXST
$5.74B
| $26.1M | 0.01% |
419,600
+136,700
| +48% | +$8.44M |
|
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.