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 | |
|---|---|---|---|---|---|---|
101
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $415M | 0.15% |
71,825,000
-13,305,000
| -16% | -$79.4M |
|
|
102
PUT
Union Pacific
UNP
$183B
| $412M | 0.15% |
3,071,200
+61,700
| +2% | +$7.44M |
|
103
CALL
Gilead Sciences
GILD
$181B
| $411M | 0.15% |
5,740,100
-211,800
| -4% | -$16.1M |
|
|
104
CALL
Intel
INTC
$476B
| $409M | 0.14% |
8,860,200
+669,600
| +8% | +$29.2M |
|
105
CALL
IBM
IBM
$222B
| $404M | 0.14% |
2,752,131
+1,210,432
| +79% | +$176M |
|
106
PUT
Broadcom
AVGO
$1.75T
| $402M | 0.14% |
15,629,000
-398,000
| -2% | -$10.3M |
|
107
PUT
NetEase
NTES
$82.1B
| $401M | 0.14% |
5,815,000
-339,000
| -6% | -$21.2M |
|
108
CALL
Biogen
BIIB
$32B
| $399M | 0.14% |
1,252,600
-91,200
| -7% | -$29.3M |
|
|
109
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $395M | 0.14% |
68,345,000
-120,000
| -0.2% | -$716K |
|
110
CALL
Baidu
BIDU
$31.6B
| $387M | 0.14% |
1,654,100
+570,800
| +53% | +$140M |
|
|
AABA
111
CALL
DELISTED
Altaba Inc
AABA
| $386M | 0.14% |
5,528,300
+1,663,600
| +43% | +$116M |
|
112
PUT
Mastercard
MA
$509B
| $386M | 0.14% |
2,547,800
+812,900
| +47% | +$121M |
|
113
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $380M | 0.13% |
4,356,400
+2,841,700
| +188% | +$249M |
|
114
PUT
Procter & Gamble
PG
$336B
| $380M | 0.13% |
4,137,100
+1,121,500
| +37% | +$101M |
|
|
115
Bank of America
BAC
$431B
| $377M | 0.13% |
12,761,187
-7,035,136
| -36% | -$194M |
|
116
CALL
Costco
COST
$420B
| $376M | 0.13% |
2,019,700
-598,400
| -23% | -$103M |
|
117
CALL
Johnson & Johnson
JNJ
$651B
| $373M | 0.13% |
2,667,600
+532,800
| +25% | +$74.2M |
|
118
VanEck Gold Miners ETF
GDX
$31.8B
| $364M | 0.13% |
15,642,404
+1,720,161
| +12% | +$39.1M |
|
|
119
Intel
INTC
$476B
| $361M | 0.13% |
7,810,110
+7,800,262
| +79,207% | +$340M |
|
120
PUT
Home Depot
HD
$335B
| $357M | 0.13% |
1,884,100
-407,900
| -18% | -$70.4M |
|
121
CALL
Target
TGT
$75.1B
| $356M | 0.13% |
5,458,300
+2,633,100
| +93% | +$159M |
|
122
CALL
JD.com
JD
$39.7B
| $351M | 0.12% |
8,469,900
+1,770,200
| +26% | +$69.7M |
|
123
CALL
General Motors
GM
$77.2B
| $349M | 0.12% |
8,520,400
+1,108,300
| +15% | +$48.1M |
|
|
124
Amazon
AMZN
$2.79T
| $344M | 0.12% |
5,883,980
-12,637,940
| -68% | -$695M |
|
|
125
CALL
Procter & Gamble
PG
$336B
| $344M | 0.12% |
3,743,000
-1,704,700
| -31% | -$153M |
|
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.