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 | |
|---|---|---|---|---|---|---|
1976
ATI
ATI
$29B
| $7.01M | ﹤0.01% |
390,577
+198,176
| +103% | +$3.72M |
|
|
HCR
1977
CALL
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $7.01M | ﹤0.01% |
404,300
-35,900
| -8% | -$664K |
|
|
TRQ
1978
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $7.01M | ﹤0.01% |
+228,468
| New | +$7.7M |
|
1979
PUT
Conagra Brands
CAG
$7.77B
| $6.99M | ﹤0.01% |
173,200
-198,600
| -53% | -$7.93M |
|
1980
CALL
AllianceBernstein
AB
$3.43B
| $6.97M | ﹤0.01% |
304,900
+99,700
| +49% | +$2.31M |
|
1981
CALL
British American Tobacco
BTI
$124B
| $6.96M | ﹤0.01% |
105,000
-47,600
| -31% | -$2.95M |
|
1982
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $6.95M | ﹤0.01% |
127,354
-105,109
| -45% | -$5.65M |
|
1983
PUT
W.P. Carey
WPC
$16.2B
| $6.95M | ﹤0.01% |
114,046
+45,333
| +66% | +$2.75M |
|
|
KSU
1984
DELISTED
Kansas City Southern
KSU
| $6.93M | ﹤0.01% |
80,841
-85,811
| -51% | -$7.36M |
|
1985
CALL
Axalta
AXTA
$7.84B
| $6.91M | ﹤0.01% |
214,700
+193,300
| +903% | +$5.74M |
|
|
NFX
1986
CALL
DELISTED
Newfield Exploration
NFX
| $6.91M | ﹤0.01% |
187,300
+93,100
| +99% | +$3.62M |
|
1987
PUT
Regions Financial
RF
$26.2B
| $6.91M | ﹤0.01% |
475,700
+129,300
| +37% | +$1.91M |
|
1988
PUT
Darden Restaurants
DRI
$24.8B
| $6.91M | ﹤0.01% |
82,600
-121,000
| -59% | -$9.06M |
|
1989
Everest Group
EG
$14.6B
| $6.86M | ﹤0.01% |
29,359
+9,659
| +49% | +$2.21M |
|
1990
CALL
Ultragenyx Pharmaceutical
RARE
$2.61B
| $6.85M | ﹤0.01% |
101,100
+40,800
| +68% | +$3.11M |
|
1991
iShares US Healthcare ETF
IYH
$3.8B
| $6.84M | ﹤0.01% |
219,735
+30
| +0% | +$916 |
|
1992
CALL
Shake Shack
SHAK
$2.95B
| $6.84M | ﹤0.01% |
204,700
+1,600
| +0.8% | +$55.3K |
|
1993
PUT
Casey's General Stores
CASY
$29.9B
| $6.83M | ﹤0.01% |
60,800
-61,400
| -50% | -$7.04M |
|
1994
CALL
iShares Russell 1000 ETF
IWB
$48.9B
| $6.83M | ﹤0.01% |
52,000
-23,600
| -31% | -$3.06M |
|
1995
PUT
Axos Financial
AX
$5.56B
| $6.82M | ﹤0.01% |
261,100
-153,000
| -37% | -$4.42M |
|
1996
General Mills
GIS
$21.4B
| $6.82M | ﹤0.01% |
115,563
-27,328
| -19% | -$1.67M |
|
1997
CarMax
KMX
$9.06B
| $6.81M | ﹤0.01% |
+115,067
| New | +$7.48M |
|
|
ABB
1998
PUT
DELISTED
ABB Ltd
ABB
| $6.81M | ﹤0.01% |
291,200
+201,900
| +226% | +$4.61M |
|
|
CSOD
1999
CALL
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $6.81M | ﹤0.01% |
175,100
-75,000
| -30% | -$3.09M |
|
2000
PUT
KKR & Co
KKR
$97.4B
| $6.8M | ﹤0.01% |
373,300
-122,300
| -25% | -$2.17M |
|
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 $13.1B in Q1 2017, closing 2,170 positions and reducing 3,725 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.