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
|
+$1.31B |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$339M |
| 3 |
Tesla
TSLA
|
+$275M |
| 4 |
Alibaba
BABA
|
+$236M |
| 5 |
AGN
Allergan plc
AGN
|
+$214M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$474M |
| 2 |
Gilead Sciences
GILD
|
+$359M |
| 3 |
Amazon
AMZN
|
+$274M |
| 4 |
Intel
INTC
|
+$248M |
| 5 |
Microsoft
MSFT
|
+$237M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.38% |
| 2 | Consumer Discretionary | 1.42% |
| 3 | Communication Services | 1.04% |
| 4 | Healthcare | 0.74% |
| 5 | Financials | 0.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
VanEck Gold Miners ETF
GDX
$31.8B
| $320M | 0.12% |
13,922,243
+4,785,066
| +52% | +$110M |
|
127
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $318M | 0.12% |
12,299,100
-8,089,900
| -40% | -$202M |
|
128
CALL
United States Oil Fund
USO
$2.24B
| $317M | 0.12% |
3,799,125
+81,350
| +2% | +$6.41M |
|
129
AB InBev
BUD
$155B
| $313M | 0.12% |
2,627,307
-93,573
| -3% | -$11M |
|
130
PUT
Merck
MRK
$376B
| $313M | 0.12% |
5,125,034
+601,342
| +13% | +$36.5M |
|
|
131
PUT
AB InBev
BUD
$155B
| $313M | 0.12% |
2,619,600
+514,400
| +24% | +$60.2M |
|
|
132
CALL
Intel
INTC
$476B
| $312M | 0.12% |
8,190,600
-822,000
| -9% | -$29.2M |
|
133
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $310M | 0.12% |
9,050,800
-6,959,800
| -43% | -$226M |
|
134
PUT
Verizon
VZ
$205B
| $310M | 0.12% |
6,253,700
+378,200
| +6% | +$17.8M |
|
135
PUT
Morgan Stanley
MS
$336B
| $309M | 0.12% |
6,410,000
+1,197,600
| +23% | +$55.5M |
|
136
PUT
Amgen
AMGN
$238B
| $308M | 0.12% |
1,654,400
-152,600
| -8% | -$27M |
|
137
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $304M | 0.12% |
932,900
+35,300
| +4% | +$11.2M |
|
138
CALL
GE Aerospace
GE
$361B
| $302M | 0.12% |
2,609,674
+561,134
| +27% | +$67.8M |
|
139
PUT
UnitedHealth
UNH
$350B
| $302M | 0.12% |
1,544,000
+433,500
| +39% | +$83.7M |
|
140
PUT
Nike
NKE
$60.5B
| $302M | 0.12% |
5,826,400
+490,800
| +9% | +$27.5M |
|
141
CALL
General Motors
GM
$77.2B
| $299M | 0.12% |
7,412,100
-216,300
| -3% | -$7.9M |
|
142
PUT
Palo Alto Networks
PANW
$292B
| $297M | 0.11% |
12,360,000
+688,200
| +6% | +$15.7M |
|
143
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $297M | 0.11% |
2,176,400
-215,275
| -9% | -$27M |
|
144
CALL
MetLife
MET
$60B
| $294M | 0.11% |
5,666,900
+1,553,760
| +38% | +$75.7M |
|
|
145
CALL
Merck
MRK
$376B
| $294M | 0.11% |
4,806,547
-1,778,351
| -27% | -$108M |
|
146
PUT
Ford
F
$57.5B
| $293M | 0.11% |
24,470,200
+3,687,100
| +18% | +$41.6M |
|
147
CALL
AbbVie
ABBV
$468B
| $291M | 0.11% |
3,275,100
-1,482,200
| -31% | -$113M |
|
148
PUT
Caterpillar
CAT
$381B
| $288M | 0.11% |
2,306,700
-493,500
| -18% | -$56.8M |
|
|
149
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $288M | 0.11% |
12,416,700
-1,802,700
| -13% | -$41.6M |
|
150
CALL
DuPont de Nemours
DD
$18.7B
| $287M | 0.11% |
1,635,637
+519,663
| +47% | +$86.7M |
|
Similar funds
Jeff Yass's Q3 2017 Portfolio in Review
As of Q3 2017, Jeff Yass held 10,422 positions worth $259B, up 14% from $228B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $19.7B of net new capital in Q3 2017, opening 1,312 new positions and adding to 3,605 existing holdings. Its largest new stake was JPMorgan Chase: 794,224 shares worth $75.9M.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, up from 2% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $474M trimmed.
- Jeff Yass's largest Q3 2017 buy was JPMorgan Chase: 794,224 shares worth $75.9M.
- Jeff Yass added most to Apple in Q3 2017, an estimated $1.31B increase.
- Jeff Yass's biggest Q3 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $474M.
- Jeff Yass fully exited iShares 20+ Year Treasury Bond ETF in Q3 2017, selling an estimated $69.3M.
- Jeff Yass's ten largest holdings make up 24% of its $259B portfolio in Q3 2017.
- Jeff Yass opened 1,312 new positions and closed 1,693 in Q3 2017.
- Jeff Yass's portfolio value rose 14% quarter-over-quarter to $259B.
Based on Susquehanna International Group's 13F filing for Q3 2017, filed 14 Nov 2017.