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 | |
|---|---|---|---|---|---|---|
101
Booking.com
BKNG
$158B
| $321M | 0.16% |
5,475,050
+1,337,975
| +32% | +$79.9M |
|
|
102
PUT
Bristol-Myers Squibb
BMY
$137B
| $318M | 0.16% |
5,435,000
-1,888,300
| -26% | -$103M |
|
103
PUT
Pfizer
PFE
$160B
| $317M | 0.16% |
10,278,397
+87,166
| +0.9% | +$2.66M |
|
104
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $311M | 0.16% |
5,379,100
-1,875,400
| -26% | -$108M |
|
105
CALL
Union Pacific
UNP
$183B
| $309M | 0.16% |
2,984,500
+766,300
| +35% | +$75.3M |
|
106
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $308M | 0.16% |
8,191,400
-839,600
| -9% | -$30.4M |
|
|
107
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $307M | 0.16% |
14,122,300
+2,759,100
| +24% | +$61.3M |
|
108
Berkshire Hathaway Class B
BRK.B
$1.06T
| $307M | 0.16% |
1,883,178
+1,200,514
| +176% | +$185M |
|
109
CALL
Blackstone
BX
$108B
| $303M | 0.15% |
11,222,000
+8,620,300
| +331% | +$224M |
|
110
PUT
Charter Communications
CHTR
$17.9B
| $302M | 0.15% |
1,049,800
+165,800
| +19% | +$44.6M |
|
111
PUT
GE Aerospace
GE
$361B
| $301M | 0.15% |
1,985,441
-639,737
| -24% | -$92.9M |
|
112
CALL
United States Oil Fund
USO
$2.24B
| $296M | 0.15% |
3,156,963
-740,287
| -19% | -$65.4M |
|
113
CALL
Intel
INTC
$476B
| $286M | 0.15% |
7,891,600
-2,144,800
| -21% | -$76.8M |
|
114
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $283M | 0.14% |
1,709,650
-1,005,375
| -37% | -$158M |
|
115
CALL
MetLife
MET
$60B
| $280M | 0.14% |
5,838,776
+2,440,911
| +72% | +$112M |
|
116
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $275M | 0.14% |
910,700
-215,200
| -19% | -$62.2M |
|
117
PUT
Intuitive Surgical
ISRG
$134B
| $273M | 0.14% |
3,876,300
+1,308,600
| +51% | +$96.2M |
|
|
X
118
PUT
DELISTED
US Steel
X
| $272M | 0.14% |
8,233,700
-688,300
| -8% | -$18.4M |
|
119
PUT
Humana
HUM
$45.5B
| $269M | 0.14% |
1,316,300
+118,800
| +10% | +$22.7M |
|
120
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $268M | 0.14% |
4,528,700
-157,300
| -3% | -$9.71M |
|
121
PUT
Verizon
VZ
$205B
| $268M | 0.14% |
5,013,600
+833,300
| +20% | +$41.6M |
|
122
CALL
Target
TGT
$75.1B
| $260M | 0.13% |
3,604,400
+952,900
| +36% | +$69M |
|
123
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $257M | 0.13% |
6,324,000
-199,800
| -3% | -$8.07M |
|
124
CALL
Caterpillar
CAT
$381B
| $253M | 0.13% |
2,731,800
-511,600
| -16% | -$46.4M |
|
125
Meta Platforms (Facebook)
META
$1.4T
| $253M | 0.13% |
2,200,364
+3,080
| +0.1% | +$378K |
|
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.