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 | |
|---|---|---|---|---|---|---|
|
PXD
176
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $194M | 0.1% |
1,077,100
+258,400
| +32% | +$47.3M |
|
|
TWTR
177
PUT
DELISTED
Twitter, Inc.
TWTR
| $192M | 0.1% |
11,806,700
-2,862,700
| -20% | -$52.5M |
|
|
CELG
178
PUT
DELISTED
Celgene Corp
CELG
| $191M | 0.1% |
1,652,800
-286,400
| -15% | -$31.9M |
|
179
CALL
General Motors
GM
$77.2B
| $190M | 0.1% |
5,460,600
-121,600
| -2% | -$4.09M |
|
180
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $188M | 0.1% |
1,134,866
+1,107,825
| +4,097% | +$174M |
|
181
PUT
UnitedHealth
UNH
$350B
| $188M | 0.1% |
1,172,800
+106,300
| +10% | +$15.9M |
|
182
CALL
Broadcom
AVGO
$1.75T
| $187M | 0.09% |
10,579,000
-4,995,000
| -32% | -$86.5M |
|
183
PUT
McDonald's
MCD
$192B
| $187M | 0.09% |
1,534,400
-686,000
| -31% | -$80.4M |
|
184
PUT
Visa
V
$693B
| $185M | 0.09% |
2,375,300
+1,009,000
| +74% | +$81.1M |
|
185
CALL
Delta Air Lines
DAL
$54.2B
| $183M | 0.09% |
3,720,600
+670,500
| +22% | +$30.6M |
|
|
186
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $183M | 0.09% |
8,391,400
-2,078,800
| -20% | -$46.2M |
|
187
CALL
SLB Ltd
SLB
$79.9B
| $182M | 0.09% |
2,163,700
-617,000
| -22% | -$50.6M |
|
188
Petrobras Class A
PBR.A
$111B
| $182M | 0.09% |
20,609,043
-1,337,266
| -6% | -$12.7M |
|
189
PUT
Starbucks
SBUX
$122B
| $181M | 0.09% |
3,254,400
-1,101,000
| -25% | -$61M |
|
190
CALL
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.84B
| $179M | 0.09% |
6,249,400
+5,838,400
| +1,421% | +$160M |
|
191
PUT
Salesforce
CRM
$171B
| $178M | 0.09% |
2,604,900
+269,200
| +12% | +$19.5M |
|
192
PUT
Palo Alto Networks
PANW
$292B
| $177M | 0.09% |
8,509,800
+3,541,800
| +71% | +$84.9M |
|
193
PUT
Wynn Resorts
WYNN
$10.3B
| $175M | 0.09% |
2,018,800
+70,300
| +4% | +$6.58M |
|
194
PUT
Altria Group
MO
$110B
| $175M | 0.09% |
2,581,100
+224,800
| +10% | +$14.5M |
|
195
PUT
AutoZone
AZO
$48.3B
| $173M | 0.09% |
219,300
-56,800
| -21% | -$43.7M |
|
196
PUT
NXP Semiconductors
NXPI
$56.9B
| $173M | 0.09% |
1,765,700
+447,800
| +34% | +$44.5M |
|
197
Costco
COST
$420B
| $172M | 0.09% |
1,076,278
+771,753
| +253% | +$118M |
|
198
CALL
Qualcomm
QCOM
$169B
| $171M | 0.09% |
2,615,400
-1,149,100
| -31% | -$77.2M |
|
|
YHOO
199
CALL
DELISTED
Yahoo Inc
YHOO
| $170M | 0.09% |
4,402,700
-196,100
| -4% | -$8.04M |
|
|
WBA
200
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $169M | 0.09% |
2,043,400
+658,100
| +48% | +$54.4M |
|
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.