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 | |
|---|---|---|---|---|---|---|
126
CALL
Intuitive Surgical
ISRG
$134B
| $261M | 0.13% |
3,062,700
+1,354,500
| +79% | +$107M |
|
127
CALL
UnitedHealth
UNH
$350B
| $259M | 0.13% |
1,580,600
-687,100
| -30% | -$113M |
|
|
128
PUT
Intuitive Surgical
ISRG
$134B
| $258M | 0.13% |
3,030,300
-846,000
| -22% | -$66.8M |
|
129
PUT
Palo Alto Networks
PANW
$292B
| $253M | 0.13% |
13,447,200
+4,937,400
| +58% | +$110M |
|
130
CALL
Coca-Cola
KO
$392B
| $250M | 0.13% |
5,889,900
+39,100
| +0.7% | +$1.63M |
|
|
CELG
131
PUT
DELISTED
Celgene Corp
CELG
| $250M | 0.13% |
2,006,000
+353,200
| +21% | +$42.3M |
|
132
CALL
Caterpillar
CAT
$381B
| $250M | 0.13% |
2,690,800
-41,000
| -2% | -$3.88M |
|
133
CALL
Micron Technology
MU
$1.09T
| $248M | 0.13% |
8,583,400
-2,817,800
| -25% | -$68.8M |
|
|
WFT
134
DELISTED
Weatherford International plc
WFT
| $248M | 0.13% |
37,267,363
-30,907,294
| -45% | -$181M |
|
135
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $247M | 0.13% |
792,000
+123,200
| +18% | +$38.2M |
|
136
PUT
Blackstone
BX
$108B
| $247M | 0.13% |
8,330,900
+2,737,000
| +49% | +$82.3M |
|
137
PUT
Lockheed Martin
LMT
$130B
| $245M | 0.12% |
915,500
-47,700
| -5% | -$12.5M |
|
138
CALL
Verizon
VZ
$205B
| $243M | 0.12% |
4,974,000
-3,981,500
| -44% | -$200M |
|
|
VXX
139
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $239M | 0.12% |
3,789,650
+113,175
| +3% | +$8.39M |
|
140
Alphabet (Google) Class C
GOOG
$4.18T
| $236M | 0.12% |
5,700,800
+2,522,340
| +79% | +$103M |
|
141
CALL
AutoZone
AZO
$48.3B
| $234M | 0.12% |
323,800
+60,200
| +23% | +$44.6M |
|
142
CALL
FedEx
FDX
$76.9B
| $233M | 0.12% |
1,194,400
-162,800
| -12% | -$31.1M |
|
143
CALL
Gilead Sciences
GILD
$181B
| $233M | 0.12% |
3,427,300
-2,427,500
| -41% | -$171M |
|
144
PUT
Home Depot
HD
$335B
| $231M | 0.12% |
1,575,100
+40,600
| +3% | +$5.76M |
|
145
PUT
Costco
COST
$420B
| $227M | 0.11% |
1,353,200
-207,400
| -13% | -$34.8M |
|
146
Booking.com
BKNG
$158B
| $227M | 0.11% |
3,184,300
-2,290,750
| -42% | -$151M |
|
147
Citigroup
C
$221B
| $225M | 0.11% |
3,767,301
-2,416,027
| -39% | -$143M |
|
148
PUT
Western Digital
WDC
$166B
| $225M | 0.11% |
3,598,957
-245,549
| -6% | -$14.1M |
|
|
149
CALL
Western Digital
WDC
$166B
| $223M | 0.11% |
3,580,038
+1,240,577
| +53% | +$71.3M |
|
150
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $221M | 0.11% |
5,903,300
+1,028,100
| +21% | +$38.4M |
|
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 $14.4B in Q1 2017, closing 2,170 positions and reducing 3,726 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.