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 | |
|---|---|---|---|---|---|---|
176
CALL
Comcast
CMCSA
$95.3B
| $248M | 0.1% |
6,441,400
-3,472,400
| -35% | -$137M |
|
177
PUT
Lockheed Martin
LMT
$130B
| $246M | 0.1% |
792,700
+128,700
| +19% | +$38.4M |
|
178
PUT
Mastercard
MA
$509B
| $245M | 0.09% |
1,734,900
+344,600
| +25% | +$45.6M |
|
179
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $243M | 0.09% |
2,807,800
-627,400
| -18% | -$50.3M |
|
180
Berkshire Hathaway Class B
BRK.B
$1.06T
| $241M | 0.09% |
1,316,925
-23,101
| -2% | -$4.08M |
|
181
PUT
MetLife
MET
$60B
| $241M | 0.09% |
4,640,700
+645,034
| +16% | +$31.4M |
|
182
CALL
iShares Biotechnology ETF
IBB
$10.7B
| $238M | 0.09% |
2,142,300
-887,400
| -29% | -$94.8M |
|
183
PUT
Constellation Brands
STZ
$23.2B
| $235M | 0.09% |
1,176,200
-54,100
| -4% | -$10.7M |
|
184
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $234M | 0.09% |
2,636,500
+514,100
| +24% | +$45.4M |
|
185
PUT
Blackstone
BX
$108B
| $233M | 0.09% |
6,996,700
+1,384,000
| +25% | +$45.5M |
|
186
PUT
Salesforce
CRM
$171B
| $233M | 0.09% |
2,498,300
+107,600
| +5% | +$9.9M |
|
187
CALL
UnitedHealth
UNH
$350B
| $232M | 0.09% |
1,186,300
+90,100
| +8% | +$17.4M |
|
188
Wells Fargo
WFC
$254B
| $231M | 0.09% |
4,189,288
-224,969
| -5% | -$12M |
|
189
PUT
JD.com
JD
$39.7B
| $229M | 0.09% |
6,002,600
+2,751,100
| +85% | +$118M |
|
190
CALL
Broadcom
AVGO
$1.75T
| $229M | 0.09% |
9,453,000
-95,000
| -1% | -$2.35M |
|
191
PUT
RTX Corp
RTX
$283B
| $227M | 0.09% |
3,101,092
+2,254,791
| +266% | +$167M |
|
192
PUT
AutoZone
AZO
$48.3B
| $225M | 0.09% |
377,700
+94,100
| +33% | +$50.1M |
|
193
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $224M | 0.09% |
5,082,200
+84,200
| +2% | +$3.61M |
|
194
PUT
Pfizer
PFE
$160B
| $224M | 0.09% |
6,603,521
-116,572
| -2% | -$3.75M |
|
195
CALL
Caterpillar
CAT
$381B
| $224M | 0.09% |
1,793,100
-2,072,300
| -54% | -$239M |
|
196
Qualcomm
QCOM
$169B
| $220M | 0.09% |
4,249,810
+2,335,665
| +122% | +$124M |
|
197
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $217M | 0.08% |
5,208,500
-1,285,100
| -20% | -$50.3M |
|
198
PUT
FedEx
FDX
$76.9B
| $217M | 0.08% |
962,100
-796,100
| -45% | -$169M |
|
|
199
PUT
Comcast
CMCSA
$95.3B
| $215M | 0.08% |
5,587,400
-1,158,200
| -17% | -$45.6M |
|
|
200
CALL
Pfizer
PFE
$160B
| $215M | 0.08% |
6,346,450
+253,698
| +4% | +$8.15M |
|
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.