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 |
Amazon
AMZN
|
+$685M |
| 2 |
BAS
Basis Energy Services, Inc.
BAS
|
+$459M |
| 3 |
WFT
Weatherford International plc
WFT
|
+$354M |
| 4 |
Air Products & Chemicals
APD
|
+$216M |
| 5 |
Mondelez International
MDLZ
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$3.97B |
| 2 |
Bank of America
BAC
|
+$1.16B |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$192M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$174M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$141M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.75% |
| 2 | Consumer Discretionary | 1.45% |
| 3 | Healthcare | 1.23% |
| 4 | Financials | 1.18% |
| 5 | Energy | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CALL
AbbVie
ABBV
$468B
| $253M | 0.13% |
4,040,100
+872,900
| +28% | +$53.3M |
|
127
CALL
FedEx
FDX
$76.9B
| $253M | 0.13% |
1,357,200
+481,200
| +55% | +$88.3M |
|
128
PUT
General Motors
GM
$77.2B
| $253M | 0.13% |
7,250,200
+1,298,400
| +22% | +$43.6M |
|
129
PUT
Amgen
AMGN
$238B
| $252M | 0.13% |
1,722,600
+576,700
| +50% | +$86.8M |
|
130
CALL
Merck
MRK
$376B
| $250M | 0.13% |
4,457,878
-421,610
| -9% | -$24.7M |
|
131
CALL
Micron Technology
MU
$1.09T
| $250M | 0.13% |
11,401,200
+1,536,600
| +16% | +$28.9M |
|
132
PUT
Costco
COST
$420B
| $250M | 0.13% |
1,560,600
-447,300
| -22% | -$68.3M |
|
|
133
PUT
FedEx
FDX
$76.9B
| $248M | 0.13% |
1,331,800
-339,000
| -20% | -$62.2M |
|
134
PUT
Baidu
BIDU
$31.6B
| $248M | 0.13% |
1,508,200
-154,600
| -9% | -$26.3M |
|
135
PUT
Herbalife
HLF
$1.33B
| $246M | 0.12% |
10,219,400
+4,478,400
| +78% | +$122M |
|
136
CALL
Coca-Cola
KO
$392B
| $243M | 0.12% |
5,850,800
-1,555,400
| -21% | -$64.7M |
|
137
CALL
Eli Lilly
LLY
$1.12T
| $241M | 0.12% |
3,276,700
+869,600
| +36% | +$64.8M |
|
138
PUT
Lockheed Martin
LMT
$130B
| $241M | 0.12% |
963,200
-70,000
| -7% | -$17.5M |
|
139
PUT
Union Pacific
UNP
$183B
| $240M | 0.12% |
2,315,300
+689,300
| +42% | +$67.8M |
|
140
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $237M | 0.12% |
10,180,900
+2,841,900
| +39% | +$61M |
|
141
CALL
McDonald's
MCD
$192B
| $237M | 0.12% |
1,943,500
+309,800
| +19% | +$36.3M |
|
142
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $232M | 0.12% |
1,421,800
-528,500
| -27% | -$81.4M |
|
143
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $230M | 0.12% |
1,389,175
-936,825
| -40% | -$147M |
|
144
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$345M
| $229M | 0.12% |
2,242,100
+1,451,800
| +184% | +$152M |
|
145
PUT
3M
MMM
$92.3B
| $229M | 0.12% |
1,535,066
+67,335
| +5% | +$9.72M |
|
146
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $226M | 0.11% |
616,700
-23,000
| -4% | -$8.75M |
|
|
147
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $225M | 0.11% |
614,200
+214,200
| +54% | +$81.5M |
|
148
PUT
Intel
INTC
$476B
| $225M | 0.11% |
6,214,700
+1,006,600
| +19% | +$36M |
|
149
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $225M | 0.11% |
6,462,500
+305,400
| +5% | +$11.2M |
|
150
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $224M | 0.11% |
2,462,400
-11,300
| -0.5% | -$917K |
|
Similar funds
Jeff Yass's Q4 2016 Portfolio in Review
As of Q4 2016, Jeff Yass held 10,783 positions worth $197B, down 4.9% from $207B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $12.7B in Q4 2016, closing 1,274 positions and reducing 3,383 holdings. Its most notable exit was Synchrony, an estimated $104M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, up from 1.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jeff Yass opened a new position in Basis Energy Services, Inc. worth $59.7M.
- Jeff Yass's largest Q4 2016 buy was Basis Energy Services, Inc.: 1,689,160 shares worth $59.7M.
- Jeff Yass added most to Amazon in Q4 2016, an estimated $685M increase.
- Jeff Yass's biggest Q4 2016 reduction was Procter & Gamble, cutting an estimated $3.97B.
- Jeff Yass fully exited Synchrony in Q4 2016, selling an estimated $104M.
- Jeff Yass's ten largest holdings make up 21% of its $197B portfolio in Q4 2016.
- Jeff Yass opened 2,442 new positions and closed 1,274 in Q4 2016.
- Jeff Yass's portfolio value fell 4.9% quarter-over-quarter to $197B.
Based on Susquehanna International Group's 13F filing for Q4 2016, filed 14 Feb 2017.