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 | |
|---|---|---|---|---|---|---|
|
ICPT
1426
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $12.3M | 0.01% |
109,021
-13,545
| -11% | -$1.58M |
|
1427
CALL
Oneok
OKE
$57.8B
| $12.3M | 0.01% |
222,200
-188,500
| -46% | -$10.4M |
|
|
FITB
1428
CALL
Fifth Third Bancorp
FITB
$49.8B
| $12.3M | 0.01% |
484,500
+52,500
| +12% | +$1.4M |
|
1429
CALL
Jack in the Box
JACK
$320M
| $12.3M | 0.01% |
120,500
+81,800
| +211% | +$8.47M |
|
1430
MPLX
MPLX
$59.2B
| $12.3M | 0.01% |
339,676
+290,976
| +597% | +$10.7M |
|
1431
PUT
Ares Capital
ARCC
$14.3B
| $12.3M | 0.01% |
705,100
+361,100
| +105% | +$6.24M |
|
|
TFCFA
1432
CALL
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $12.2M | 0.01% |
378,100
-293,000
| -44% | -$8.95M |
|
1433
Capital One
COF
$133B
| $12.2M | 0.01% |
+141,285
| New | +$12.6M |
|
1434
PUT
Archer Daniels Midland
ADM
$38.2B
| $12.2M | 0.01% |
265,600
-183,900
| -41% | -$8.24M |
|
1435
CALL
Bread Financial
BFH
$4.14B
| $12.2M | 0.01% |
61,522
-1,629
| -3% | -$308K |
|
1436
PUT
Danaher
DHR
$152B
| $12.2M | 0.01% |
161,078
-351,260
| -69% | -$26.1M |
|
|
KANG
1437
DELISTED
iKang Healthcare Group, Inc.
KANG
| $12.2M | 0.01% |
835,792
-475,351
| -36% | -$7.82M |
|
1438
Nokia
NOK
$57.8B
| $12.2M | 0.01% |
2,250,313
-554,735
| -20% | -$2.79M |
|
1439
PUT
Cboe Global Markets
CBOE
$32.3B
| $12.2M | 0.01% |
150,400
-4,700
| -3% | -$367K |
|
1440
CALL
Hartford Financial Services
HIG
$37.4B
| $12.2M | 0.01% |
253,400
-204,500
| -45% | -$9.9M |
|
1441
CALL
BioMarin Pharmaceuticals
BMRN
$12.8B
| $12.2M | 0.01% |
138,500
-12,500
| -8% | -$1.11M |
|
1442
iShares 7-10 Year Treasury Bond ETF
IEF
$43.2B
| $12.1M | 0.01% |
114,851
-701,331
| -86% | -$73.7M |
|
|
OCLR
1443
PUT
DELISTED
Oclaro Inc.
OCLR
| $12.1M | 0.01% |
1,234,100
+149,100
| +14% | +$1.4M |
|
1444
PUT
Canadian Natural Resources
CNQ
$102B
| $12.1M | 0.01% |
753,498
-1,194,774
| -61% | -$18.1M |
|
1445
CALL
Northern Trust
NTRS
$34.2B
| $12.1M | 0.01% |
139,700
+11,300
| +9% | +$982K |
|
1446
Genworth Financial
GNW
$3.73B
| $12.1M | 0.01% |
2,927,513
-898,106
| -23% | -$3.46M |
|
1447
CALL
Tower Semiconductor
TSEM
$24B
| $12.1M | 0.01% |
523,300
+77,100
| +17% | +$1.69M |
|
1448
Twilio
TWLO
$34.4B
| $12M | 0.01% |
+417,280
| New | +$12.6M |
|
1449
State Street Financial Select Sector SPDR ETF
XLF
$56.9B
| $12M | 0.01% |
507,597
-215,594
| -30% | -$5.16M |
|
1450
PUT
iShares MSCI Turkey ETF
TUR
$222M
| $12M | 0.01% |
336,400
-11,500
| -3% | -$396K |
|
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.