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 | |
|---|---|---|---|---|---|---|
151
CALL
NXP Semiconductors
NXPI
$56.9B
| $282M | 0.11% |
2,496,300
+78,400
| +3% | +$8.75M |
|
152
PUT
Visa
V
$693B
| $281M | 0.11% |
2,674,100
-26,600
| -1% | -$2.7M |
|
|
153
PUT
NXP Semiconductors
NXPI
$56.9B
| $281M | 0.11% |
2,484,100
+272,600
| +12% | +$30.4M |
|
154
CALL
Home Depot
HD
$335B
| $279M | 0.11% |
1,708,300
-257,900
| -13% | -$39.5M |
|
155
CALL
Johnson & Johnson
JNJ
$651B
| $278M | 0.11% |
2,134,800
-935,900
| -30% | -$124M |
|
156
CALL
AutoZone
AZO
$48.3B
| $276M | 0.11% |
463,900
+54,100
| +13% | +$28.8M |
|
157
PUT
Procter & Gamble
PG
$336B
| $274M | 0.11% |
3,015,600
-2,005,600
| -40% | -$183M |
|
158
CALL
Intuitive Surgical
ISRG
$134B
| $273M | 0.11% |
2,346,300
+105,300
| +5% | +$11.5M |
|
159
CALL
Wells Fargo
WFC
$254B
| $272M | 0.11% |
4,929,200
-362,300
| -7% | -$19.3M |
|
160
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $272M | 0.11% |
2,444,100
+246,600
| +11% | +$26.4M |
|
|
MON
161
PUT
DELISTED
Monsanto Co
MON
| $272M | 0.1% |
2,266,300
+63,800
| +3% | +$7.51M |
|
162
CALL
Amgen
AMGN
$238B
| $271M | 0.1% |
1,451,400
-327,700
| -18% | -$58.1M |
|
163
CALL
Baidu
BIDU
$31.6B
| $268M | 0.1% |
1,083,300
+329,600
| +44% | +$71.9M |
|
164
PUT
Qualcomm
QCOM
$169B
| $264M | 0.1% |
5,095,700
+2,048,400
| +67% | +$108M |
|
|
165
Alibaba
BABA
$286B
| $261M | 0.1% |
1,512,682
+1,454,837
| +2,515% | +$236M |
|
166
CALL
McDonald's
MCD
$192B
| $261M | 0.1% |
1,667,000
+615,300
| +59% | +$96.4M |
|
167
CALL
Coca-Cola
KO
$392B
| $260M | 0.1% |
5,787,300
-511,200
| -8% | -$23.3M |
|
168
CALL
Cisco
CSCO
$438B
| $259M | 0.1% |
7,712,100
+2,206,000
| +40% | +$70.2M |
|
|
AABA
169
CALL
DELISTED
Altaba Inc
AABA
| $256M | 0.1% |
3,864,700
+1,650,300
| +75% | +$101M |
|
170
CALL
JD.com
JD
$39.7B
| $256M | 0.1% |
6,699,700
+975,400
| +17% | +$41.7M |
|
171
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $253M | 0.1% |
5,426,200
+3,266,200
| +151% | +$143M |
|
|
TWX
172
DELISTED
Time Warner Inc
TWX
| $253M | 0.1% |
2,468,368
+1,724,508
| +232% | +$175M |
|
173
PUT
Wynn Resorts
WYNN
$10.3B
| $251M | 0.1% |
1,688,800
-138,600
| -8% | -$18.9M |
|
174
PUT
Western Digital
WDC
$166B
| $249M | 0.1% |
3,816,458
-535,683
| -12% | -$35.5M |
|
|
KITE
175
PUT
DELISTED
Kite Pharma, Inc.
KITE
| $249M | 0.1% |
1,385,900
+1,041,000
| +302% | +$145M |
|
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.