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 | |
|---|---|---|---|---|---|---|
|
WFT
1951
PUT
DELISTED
Weatherford International plc
WFT
| $8.1M | ﹤0.01% |
1,768,000
-415,900
| -19% | -$1.72M |
|
1952
CALL
Bank of Montreal
BMO
$121B
| $8.09M | ﹤0.01% |
106,900
+87,000
| +437% | +$6.49M |
|
1953
Golar LNG
GLNG
$5.23B
| $8.09M | ﹤0.01% |
357,850
+120,319
| +51% | +$2.64M |
|
|
ENDP
1954
DELISTED
Endo International plc
ENDP
| $8.07M | ﹤0.01% |
942,644
-465,845
| -33% | -$4.49M |
|
1955
PUT
MarketAxess Holdings
MKTX
$5.72B
| $8.06M | ﹤0.01% |
43,700
+32,400
| +287% | +$6.2M |
|
1956
PUT
PACCAR
PCAR
$68B
| $8.06M | ﹤0.01% |
167,100
-71,700
| -30% | -$3.23M |
|
|
JNPR
1957
CALL
DELISTED
Juniper Networks
JNPR
| $8.05M | ﹤0.01% |
289,400
+30,700
| +12% | +$860K |
|
|
MIC
1958
PUT
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $8.03M | ﹤0.01% |
111,300
+29,200
| +36% | +$2.18M |
|
1959
PUT
Radware
RDWR
$1.2B
| $8.03M | ﹤0.01% |
476,400
-88,500
| -16% | -$1.54M |
|
1960
PUT
Edison International
EIX
$28.7B
| $8.03M | ﹤0.01% |
104,000
+42,800
| +70% | +$3.39M |
|
1961
PUT
iShares Russell 1000 Value ETF
IWD
$84.3B
| $8.01M | ﹤0.01% |
67,600
+47,900
| +243% | +$5.58M |
|
1962
CALL
LPL Financial
LPLA
$28.4B
| $8.01M | ﹤0.01% |
155,300
+114,100
| +277% | +$5.25M |
|
|
HCR
1963
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $8.01M | ﹤0.01% |
843,080
-1,272,079
| -60% | -$11.2M |
|
|
TUP
1964
PUT
DELISTED
Tupperware Brands Corporation
TUP
| $7.99M | ﹤0.01% |
129,200
+31,400
| +32% | +$1.94M |
|
1965
CALL
Criteo S.A.
CRTO
$831M
| $7.98M | ﹤0.01% |
192,300
+167,500
| +675% | +$7.98M |
|
1966
CALL
Canadian Solar
CSIQ
$942M
| $7.98M | ﹤0.01% |
473,900
-206,700
| -30% | -$3.39M |
|
1967
PUT
Nexstar Media Group
NXST
$5.72B
| $7.97M | ﹤0.01% |
127,900
-33,700
| -21% | -$2.08M |
|
|
OA
1968
PUT
DELISTED
Orbital ATK, Inc.
OA
| $7.94M | ﹤0.01% |
59,600
+7,900
| +15% | +$866K |
|
1969
PUT
Energizer
ENR
$1.5B
| $7.93M | ﹤0.01% |
172,200
+65,600
| +62% | +$2.95M |
|
|
ACIA
1970
DELISTED
Acacia Communications Inc
ACIA
| $7.92M | ﹤0.01% |
+168,116
| New | +$7.5M |
|
|
HCR
1971
PUT
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $7.91M | ﹤0.01% |
833,000
+180,600
| +28% | +$1.59M |
|
1972
PUT
Host Hotels & Resorts
HST
$15.4B
| $7.9M | ﹤0.01% |
427,500
+28,800
| +7% | +$524K |
|
1973
PUT
Urban Outfitters
URBN
$7.1B
| $7.9M | ﹤0.01% |
330,600
-362,800
| -52% | -$7.29M |
|
1974
PUT
Cooper Companies
COO
$14.2B
| $7.9M | ﹤0.01% |
133,200
+31,200
| +31% | +$1.91M |
|
1975
PUT
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.32B
| $7.89M | ﹤0.01% |
77,100
+24,000
| +45% | +$2.38M |
|
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.