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 | |
|---|---|---|---|---|---|---|
176
PUT
Starbucks
SBUX
$122B
| $195M | 0.1% |
3,344,100
+89,700
| +3% | +$5.08M |
|
177
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $194M | 0.1% |
5,564,600
-3,108,600
| -36% | -$112M |
|
178
CALL
Broadcom
AVGO
$1.75T
| $193M | 0.1% |
8,814,000
-1,765,000
| -17% | -$36.3M |
|
179
PUT
AutoZone
AZO
$48.3B
| $189M | 0.1% |
261,400
+42,100
| +19% | +$31.2M |
|
|
YHOO
180
CALL
DELISTED
Yahoo Inc
YHOO
| $188M | 0.1% |
4,046,500
-356,200
| -8% | -$15.9M |
|
181
PUT
Micron Technology
MU
$1.09T
| $187M | 0.09% |
6,481,500
-1,230,600
| -16% | -$30.1M |
|
182
CALL
Philip Morris
PM
$293B
| $187M | 0.09% |
1,658,300
-36,500
| -2% | -$3.77M |
|
183
CALL
Constellation Brands
STZ
$23.2B
| $187M | 0.09% |
1,152,000
+679,400
| +144% | +$106M |
|
184
PUT
Coca-Cola
KO
$392B
| $186M | 0.09% |
4,385,800
+1,040,300
| +31% | +$43.4M |
|
185
CALL
MetLife
MET
$60B
| $184M | 0.09% |
3,909,833
-1,928,943
| -33% | -$92M |
|
|
X
186
PUT
DELISTED
US Steel
X
| $184M | 0.09% |
5,441,900
-2,791,800
| -34% | -$99.2M |
|
187
PUT
Deutsche Bank
DB
$71.1B
| $183M | 0.09% |
10,662,000
+3,179,056
| +42% | +$55M |
|
188
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $182M | 0.09% |
1,218,116
+83,250
| +7% | +$13M |
|
189
PUT
Comcast
CMCSA
$95.3B
| $180M | 0.09% |
4,779,000
+1,644,000
| +52% | +$61M |
|
190
PUT
United Parcel Service
UPS
$86.8B
| $179M | 0.09% |
1,667,200
+732,900
| +78% | +$80.1M |
|
|
191
PUT
Constellation Brands
STZ
$23.2B
| $179M | 0.09% |
1,103,600
+482,800
| +78% | +$75.3M |
|
192
PUT
Nike
NKE
$60.5B
| $178M | 0.09% |
3,192,300
-3,201,300
| -50% | -$177M |
|
193
CALL
Oracle
ORCL
$422B
| $177M | 0.09% |
3,957,000
+1,501,800
| +61% | +$62.5M |
|
194
PUT
NetEase
NTES
$82.1B
| $175M | 0.09% |
3,081,500
+807,500
| +36% | +$43.5M |
|
195
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $175M | 0.09% |
5,438,900
-294,400
| -5% | -$10M |
|
196
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$345M
| $174M | 0.09% |
1,678,500
-563,600
| -25% | -$58.3M |
|
197
CALL
Deere & Co
DE
$175B
| $173M | 0.09% |
1,589,900
+908,900
| +133% | +$98.5M |
|
198
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $173M | 0.09% |
4,620,300
-1,516,900
| -25% | -$56.7M |
|
199
CALL
United States Oil Fund
USO
$2.24B
| $172M | 0.09% |
2,022,100
-1,134,863
| -36% | -$101M |
|
200
Petrobras Class A
PBR.A
$111B
| $171M | 0.09% |
18,551,619
-2,057,424
| -10% | -$19.6M |
|
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.