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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$879M |
| 2 |
Bank of America
BAC
|
+$352M |
| 3 |
Intel
INTC
|
+$243M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$232M |
| 5 |
AB InBev
BUD
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.82B |
| 2 |
Amazon
AMZN
|
+$884M |
| 3 |
Air Products & Chemicals
APD
|
+$219M |
| 4 |
Mondelez International
MDLZ
|
+$198M |
| 5 |
WFT
Weatherford International plc
WFT
|
+$181M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 1.22% |
| 2 | Technology | 1.15% |
| 3 | Consumer Discretionary | 1.1% |
| 4 | Financials | 1.05% |
| 5 | Communication Services | 0.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
Northrop Grumman
NOC
$77.1B
| $13.1M | 0.01% |
55,167
-37,030
| -40% | -$8.8M |
|
1377
PUT
Lumentum
LITE
$79.4B
| $13.1M | 0.01% |
245,900
+162,000
| +193% | +$7.15M |
|
|
NBL
1378
PUT
DELISTED
Noble Energy, Inc.
NBL
| $13.1M | 0.01% |
381,900
+221,600
| +138% | +$8.2M |
|
1379
CALL
STMicroelectronics
STM
$44.1B
| $13.1M | 0.01% |
+847,100
| New | +$11.8M |
|
1380
CALL
ManpowerGroup
MAN
$2.89B
| $13.1M | 0.01% |
127,600
+97,300
| +321% | +$9.44M |
|
1381
CALL
Jefferies Financial Group
JEF
$12.1B
| $13.1M | 0.01% |
561,804
+338,602
| +152% | +$7.57M |
|
1382
CALL
Urban Outfitters
URBN
$6.49B
| $13.1M | 0.01% |
549,400
+42,800
| +8% | +$1.11M |
|
|
AMTD
1383
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
| $13M | 0.01% |
335,700
+31,900
| +11% | +$1.36M |
|
1384
PUT
Novartis
NVS
$304B
| $13M | 0.01% |
195,970
-14,508
| -7% | -$967K |
|
1385
PUT
Stanley Black & Decker
SWK
$14.9B
| $13M | 0.01% |
98,100
-23,700
| -19% | -$2.97M |
|
1386
PUT
Ubiquiti
UI
$34.9B
| $13M | 0.01% |
259,200
+105,600
| +69% | +$5.77M |
|
|
CYBR
1387
CALL
DELISTED
CyberArk
CYBR
| $13M | 0.01% |
255,900
+45,200
| +21% | +$2.31M |
|
1388
PUT
Intercontinental Exchange
ICE
$90.8B
| $13M | 0.01% |
217,200
+72,600
| +50% | +$4.25M |
|
1389
PUT
Dominion Energy
D
$58.9B
| $13M | 0.01% |
167,500
+73,300
| +78% | +$5.54M |
|
1390
PUT
Abercrombie & Fitch
ANF
$4.84B
| $13M | 0.01% |
1,088,300
-407,200
| -27% | -$4.85M |
|
1391
PUT
Hartford Financial Services
HIG
$37.4B
| $13M | 0.01% |
269,600
+98,300
| +57% | +$4.76M |
|
1392
PUT
LendingTree
TREE
$429M
| $12.9M | 0.01% |
103,100
+32,300
| +46% | +$3.68M |
|
1393
iShares Russell 1000 Value ETF
IWD
$84.2B
| $12.9M | 0.01% |
+112,323
| New | +$12.9M |
|
1394
PUT
Steel Dynamics
STLD
$33.1B
| $12.9M | 0.01% |
371,300
+166,200
| +81% | +$5.92M |
|
|
COHR
1395
CALL
DELISTED
Coherent Inc
COHR
| $12.9M | 0.01% |
62,500
+16,800
| +37% | +$2.94M |
|
1396
PUT
Zions Bancorporation
ZION
$9.86B
| $12.8M | 0.01% |
305,700
+172,000
| +129% | +$7.47M |
|
1397
PUT
Trinity Industries
TRN
$2.36B
| $12.8M | 0.01% |
669,637
+255,437
| +62% | +$5.03M |
|
1398
PUT
Digital Realty Trust
DLR
$71.2B
| $12.8M | 0.01% |
120,300
+13,700
| +13% | +$1.44M |
|
1399
CALL
Halozyme
HALO
$12.4B
| $12.8M | 0.01% |
986,000
+481,000
| +95% | +$6.08M |
|
|
CYBR
1400
PUT
DELISTED
CyberArk
CYBR
| $12.8M | 0.01% |
250,800
+10,300
| +4% | +$525K |
|
Similar funds
Jeff Yass's Q1 2017 Portfolio in Review
As of Q1 2017, Jeff Yass held 10,995 positions worth $198B, up 0.36% from $197B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Jeff Yass withdrew a net $13.1B in Q1 2017, closing 2,170 positions and reducing 3,725 holdings. Its most notable exit was Air Products & Chemicals, an estimated $219M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 1.2% of assets, down from 1.2% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares MSCI EAFE ETF worth $131M.
- Jeff Yass's largest Q1 2017 buy was iShares MSCI EAFE ETF: 2,100,985 shares worth $131M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2017, an estimated $879M increase.
- Jeff Yass's biggest Q1 2017 reduction was Apple, cutting an estimated $1.82B.
- Jeff Yass fully exited Air Products & Chemicals in Q1 2017, selling an estimated $219M.
- Jeff Yass's ten largest holdings make up 22% of its $198B portfolio in Q1 2017.
- Jeff Yass opened 1,488 new positions and closed 2,170 in Q1 2017.
- Jeff Yass's portfolio value rose 0.36% quarter-over-quarter to $198B.
Based on Susquehanna International Group's 13F filing for Q1 2017, filed 15 May 2017.