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 | |
|---|---|---|---|---|---|---|
101
PUT
Broadcom
AVGO
$1.75T
| $373M | 0.16% |
16,014,000
+8,781,000
| +121% | +$204M |
|
102
PUT
Bristol-Myers Squibb
BMY
$137B
| $371M | 0.16% |
6,658,600
-485,100
| -7% | -$26.4M |
|
103
PUT
Baidu
BIDU
$31.6B
| $359M | 0.16% |
2,006,700
+464,400
| +30% | +$84.1M |
|
104
CALL
ExxonMobil
XOM
$679B
| $357M | 0.16% |
4,416,100
+126,900
| +3% | +$10.4M |
|
105
PUT
AT&T
T
$173B
| $355M | 0.16% |
12,455,530
+839,416
| +7% | +$24.7M |
|
106
CALL
AbbVie
ABBV
$468B
| $345M | 0.15% |
4,757,300
-1,060,800
| -18% | -$71.3M |
|
107
PUT
McDonald's
MCD
$192B
| $324M | 0.14% |
2,118,600
+1,335,100
| +170% | +$193M |
|
|
CELG
108
PUT
DELISTED
Celgene Corp
CELG
| $321M | 0.14% |
2,471,300
+465,300
| +23% | +$57M |
|
109
CALL
Boeing
BA
$169B
| $321M | 0.14% |
1,622,100
-260,200
| -14% | -$48.4M |
|
|
VXX
110
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $321M | 0.14% |
6,283,625
+2,493,975
| +66% | +$144M |
|
111
PUT
Nike
NKE
$60.5B
| $315M | 0.14% |
5,335,600
+2,143,300
| +67% | +$116M |
|
112
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $314M | 0.14% |
14,219,400
-459,500
| -3% | -$10.5M |
|
113
CALL
iShares Biotechnology ETF
IBB
$10.7B
| $313M | 0.14% |
3,029,700
+1,819,800
| +150% | +$179M |
|
|
114
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $312M | 0.14% |
2,584,900
+2,515,000
| +3,598% | +$301M |
|
115
PUT
Amgen
AMGN
$238B
| $311M | 0.14% |
1,807,000
-333,000
| -16% | -$54.2M |
|
116
CALL
Walmart Inc
WMT
$825B
| $307M | 0.14% |
12,187,500
+759,600
| +7% | +$19.3M |
|
|
117
CALL
Amgen
AMGN
$238B
| $306M | 0.13% |
1,779,100
+140,000
| +9% | +$22.8M |
|
118
PUT
Home Depot
HD
$335B
| $306M | 0.13% |
1,996,700
+421,600
| +27% | +$64.7M |
|
119
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $305M | 0.13% |
2,391,675
-95,275
| -4% | -$13M |
|
120
CALL
Intel
INTC
$476B
| $304M | 0.13% |
9,012,600
+1,711,600
| +23% | +$61.2M |
|
|
121
CALL
Home Depot
HD
$335B
| $302M | 0.13% |
1,966,200
+103,700
| +6% | +$15.9M |
|
122
PUT
Caterpillar
CAT
$381B
| $301M | 0.13% |
2,800,200
+424,000
| +18% | +$43.1M |
|
123
AB InBev
BUD
$155B
| $300M | 0.13% |
2,720,880
+52,736
| +2% | +$6.04M |
|
|
124
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $298M | 0.13% |
+2,474,402
| New | +$296M |
|
125
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $298M | 0.13% |
3,367,900
+1,032,700
| +44% | +$90.9M |
|
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.