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 | |
|---|---|---|---|---|---|---|
151
PUT
Caterpillar
CAT
$381B
| $220M | 0.11% |
2,376,200
+221,500
| +10% | +$21M |
|
152
Alphabet (Google) Class A
GOOGL
$4.22T
| $219M | 0.11% |
5,173,580
+2,679,780
| +107% | +$113M |
|
153
PUT
Walmart Inc
WMT
$825B
| $219M | 0.11% |
9,108,900
+2,114,400
| +30% | +$48.7M |
|
154
PUT
CVS Health
CVS
$119B
| $218M | 0.11% |
2,778,400
+1,739,800
| +168% | +$139M |
|
155
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $217M | 0.11% |
3,338,500
+52,200
| +2% | +$3.37M |
|
|
MON
156
PUT
DELISTED
Monsanto Co
MON
| $217M | 0.11% |
1,914,800
-146,600
| -7% | -$16.2M |
|
157
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $216M | 0.11% |
2,462,600
+910,200
| +59% | +$79.5M |
|
158
CALL
Eli Lilly
LLY
$1.12T
| $215M | 0.11% |
2,558,700
-718,000
| -22% | -$57.5M |
|
159
Blackstone
BX
$108B
| $214M | 0.11% |
7,212,661
+3,060,892
| +74% | +$92.1M |
|
160
CALL
Cisco
CSCO
$438B
| $214M | 0.11% |
6,318,500
+785,900
| +14% | +$25.5M |
|
161
PUT
Morgan Stanley
MS
$336B
| $210M | 0.11% |
4,892,900
-5,196,100
| -52% | -$231M |
|
162
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $209M | 0.11% |
3,011,700
-1,517,000
| -33% | -$102M |
|
|
X
163
CALL
DELISTED
US Steel
X
| $209M | 0.11% |
6,173,700
-571,300
| -8% | -$20.3M |
|
164
CALL
General Motors
GM
$77.2B
| $209M | 0.11% |
5,899,600
+439,000
| +8% | +$16.1M |
|
165
PUT
Merck
MRK
$376B
| $207M | 0.1% |
3,407,467
-557,851
| -14% | -$33.8M |
|
166
GE Aerospace
GE
$361B
| $206M | 0.1% |
1,444,232
+1,172,586
| +432% | +$170M |
|
|
167
PUT
AB InBev
BUD
$155B
| $206M | 0.1% |
1,873,000
+838,700
| +81% | +$90.2M |
|
168
Alibaba
BABA
$286B
| $205M | 0.1% |
1,901,327
+1,641,358
| +631% | +$167M |
|
|
169
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $205M | 0.1% |
2,335,200
+65,300
| +3% | +$5.7M |
|
170
PUT
Humana
HUM
$45.5B
| $204M | 0.1% |
990,300
-326,000
| -25% | -$67.4M |
|
|
171
PUT
General Motors
GM
$77.2B
| $201M | 0.1% |
5,679,900
-1,570,300
| -22% | -$57.4M |
|
172
CALL
DuPont de Nemours
DD
$18.7B
| $200M | 0.1% |
1,243,797
+664,625
| +115% | +$103M |
|
173
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $200M | 0.1% |
639,600
-271,100
| -30% | -$84.1M |
|
174
PUT
Wynn Resorts
WYNN
$10.3B
| $199M | 0.1% |
1,732,200
-286,600
| -14% | -$28.6M |
|
|
175
CALL
AB InBev
BUD
$155B
| $196M | 0.1% |
1,788,800
+1,143,800
| +177% | +$123M |
|
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.