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 | |
|---|---|---|---|---|---|---|
|
151
Air Products & Chemicals
APD
$67.9B
| $223M | 0.11% |
1,550,160
+1,541,944
| +18,768% | +$216M |
|
152
PUT
Merck
MRK
$376B
| $223M | 0.11% |
3,965,318
-1,394,573
| -26% | -$81.6M |
|
|
X
153
CALL
DELISTED
US Steel
X
| $223M | 0.11% |
6,745,000
+451,600
| +7% | +$12.1M |
|
154
CALL
Morgan Stanley
MS
$336B
| $219M | 0.11% |
5,179,000
+522,000
| +11% | +$19.7M |
|
|
155
Mondelez International
MDLZ
$82.3B
| $218M | 0.11% |
4,928,586
+4,856,346
| +6,723% | +$209M |
|
|
MON
156
PUT
DELISTED
Monsanto Co
MON
| $217M | 0.11% |
2,061,400
-1,242,100
| -38% | -$127M |
|
157
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $215M | 0.11% |
2,436,000
-137,700
| -5% | -$12.5M |
|
158
CALL
Pfizer
PFE
$160B
| $212M | 0.11% |
6,894,003
-1,369,357
| -17% | -$41.8M |
|
159
CALL
Baidu
BIDU
$31.6B
| $211M | 0.11% |
1,284,000
-611,000
| -32% | -$104M |
|
160
CALL
Home Depot
HD
$335B
| $211M | 0.11% |
1,572,500
-249,300
| -14% | -$32.1M |
|
161
CALL
Mastercard
MA
$509B
| $208M | 0.11% |
2,018,400
-56,700
| -3% | -$5.87M |
|
162
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $208M | 0.11% |
2,289,500
+225,800
| +11% | +$18.3M |
|
163
CALL
AutoZone
AZO
$48.3B
| $208M | 0.11% |
263,600
-76,700
| -23% | -$59M |
|
164
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $208M | 0.11% |
5,733,300
+968,500
| +20% | +$38.7M |
|
|
AET
165
PUT
DELISTED
Aetna Inc
AET
| $208M | 0.11% |
1,674,900
+1,000,400
| +148% | +$120M |
|
|
166
PUT
Home Depot
HD
$335B
| $206M | 0.1% |
1,534,500
+84,300
| +6% | +$10.9M |
|
167
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $205M | 0.1% |
6,137,200
+1,399,900
| +30% | +$48.1M |
|
168
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $204M | 0.1% |
3,286,300
+1,342,200
| +69% | +$80.9M |
|
169
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $202M | 0.1% |
8,315,800
-87,600
| -1% | -$2.09M |
|
170
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $202M | 0.1% |
668,800
+317,000
| +90% | +$91.6M |
|
171
PUT
Caterpillar
CAT
$381B
| $200M | 0.1% |
2,154,700
+55,600
| +3% | +$5.04M |
|
172
PUT
Eli Lilly
LLY
$1.12T
| $200M | 0.1% |
2,713,500
+447,500
| +20% | +$33.3M |
|
173
PUT
Western Digital
WDC
$166B
| $197M | 0.1% |
3,844,506
-364,354
| -9% | -$16.8M |
|
174
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $196M | 0.1% |
2,269,900
+585,200
| +35% | +$50.4M |
|
|
175
CALL
Bristol-Myers Squibb
BMY
$137B
| $196M | 0.1% |
3,348,600
+712,400
| +27% | +$38.9M |
|
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.