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 | |
|---|---|---|---|---|---|---|
101
PUT
3M
MMM
$92.3B
| $393M | 0.15% |
2,239,630
+1,044,108
| +87% | +$181M |
|
102
PUT
Broadcom
AVGO
$1.75T
| $389M | 0.15% |
16,027,000
+13,000
| +0.1% | +$321K |
|
103
PUT
IBM
IBM
$222B
| $384M | 0.15% |
2,768,762
-640,257
| -19% | -$89.2M |
|
104
CALL
Walmart Inc
WMT
$825B
| $383M | 0.15% |
14,698,800
+2,511,300
| +21% | +$65.9M |
|
105
Booking.com
BKNG
$158B
| $382M | 0.15% |
5,220,450
-1,698,025
| -25% | -$129M |
|
106
PUT
Starbucks
SBUX
$122B
| $381M | 0.15% |
7,088,300
+3,548,000
| +100% | +$197M |
|
107
CALL
Chevron
CVX
$403B
| $378M | 0.15% |
3,217,800
+623,300
| +24% | +$68M |
|
108
PUT
Home Depot
HD
$335B
| $375M | 0.14% |
2,292,000
+295,300
| +15% | +$45.3M |
|
109
PUT
Johnson & Johnson
JNJ
$651B
| $372M | 0.14% |
2,859,300
-485,700
| -15% | -$64.4M |
|
110
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $361M | 0.14% |
8,662,300
+4,468,500
| +107% | +$175M |
|
111
CALL
ExxonMobil
XOM
$679B
| $353M | 0.14% |
4,308,600
-107,500
| -2% | -$8.54M |
|
|
CELG
112
PUT
DELISTED
Celgene Corp
CELG
| $351M | 0.14% |
2,406,900
-64,400
| -3% | -$8.77M |
|
|
113
PUT
ExxonMobil
XOM
$679B
| $350M | 0.14% |
4,272,900
-522,500
| -11% | -$41.5M |
|
114
CALL
AB InBev
BUD
$155B
| $349M | 0.14% |
2,928,600
-675,800
| -19% | -$79.1M |
|
115
PUT
Union Pacific
UNP
$183B
| $349M | 0.13% |
3,009,500
-697,600
| -19% | -$74.8M |
|
|
116
PUT
Intel
INTC
$476B
| $346M | 0.13% |
9,076,000
-4,583,100
| -34% | -$163M |
|
|
AABA
117
PUT
DELISTED
Altaba Inc
AABA
| $337M | 0.13% |
5,083,600
-54,000
| -1% | -$3.31M |
|
|
118
PUT
Walmart Inc
WMT
$825B
| $333M | 0.13% |
12,790,800
+2,599,200
| +26% | +$68.2M |
|
119
PUT
General Motors
GM
$77.2B
| $332M | 0.13% |
8,228,700
+20,200
| +0.2% | +$738K |
|
|
TWX
120
PUT
DELISTED
Time Warner Inc
TWX
| $331M | 0.13% |
3,231,200
+2,119,400
| +191% | +$215M |
|
|
121
Tesla
TSLA
$1.43T
| $331M | 0.13% |
14,541,540
+11,940,510
| +459% | +$275M |
|
122
PUT
Bristol-Myers Squibb
BMY
$137B
| $331M | 0.13% |
5,185,900
-1,472,700
| -22% | -$86M |
|
|
AGN
123
CALL
DELISTED
Allergan plc
AGN
| $330M | 0.13% |
1,612,200
-331,600
| -17% | -$77.1M |
|
|
124
PUT
Chevron
CVX
$403B
| $330M | 0.13% |
2,811,800
+197,600
| +8% | +$21.6M |
|
125
PUT
NetEase
NTES
$82.1B
| $325M | 0.13% |
6,154,000
+1,855,500
| +43% | +$107M |
|
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.