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 | |
|---|---|---|---|---|---|---|
|
AUY
1976
PUT
DELISTED
Yamana Gold, Inc.
AUY
| $7.89M | ﹤0.01% |
2,977,700
-117,000
| -4% | -$311K |
|
|
ARRY
1977
DELISTED
Array Biopharma Inc
ARRY
| $7.87M | ﹤0.01% |
639,554
+283,202
| +79% | +$2.63M |
|
1978
CALL
FMC
FMC
$1.39B
| $7.86M | ﹤0.01% |
101,464
+12,683
| +14% | +$911K |
|
1979
CALL
iShares US Technology ETF
IYW
$24.9B
| $7.86M | ﹤0.01% |
209,600
-60,400
| -22% | -$2.21M |
|
1980
CALL
Campbell Soup
CPB
$6.93B
| $7.84M | ﹤0.01% |
167,500
-142,000
| -46% | -$7.19M |
|
1981
PUT
United Therapeutics
UTHR
$22.2B
| $7.83M | ﹤0.01% |
66,800
-46,600
| -41% | -$5.95M |
|
|
FLXN
1982
PUT
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $7.82M | ﹤0.01% |
323,500
+140,900
| +77% | +$3.31M |
|
|
DISCK
1983
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $7.8M | ﹤0.01% |
384,778
+259,367
| +207% | +$5.82M |
|
1984
CoreCivic
CXW
$3.36B
| $7.79M | ﹤0.01% |
291,000
| – | – |
|
1985
First Majestic Silver
AG
$10.3B
| $7.78M | ﹤0.01% |
1,137,515
+157,884
| +16% | +$1.13M |
|
1986
PUT
Coca-Cola Europacific Partners
CCEP
$48.1B
| $7.77M | ﹤0.01% |
186,700
+9,700
| +5% | +$411K |
|
1987
CALL
Healthpeak Properties
DOC
$14.9B
| $7.77M | ﹤0.01% |
279,200
+3,500
| +1% | +$105K |
|
|
FMI
1988
CALL
DELISTED
Foundation Medicine, Inc.
FMI
| $7.76M | ﹤0.01% |
193,100
-62,800
| -25% | -$2.42M |
|
|
1989
PUT
First Majestic Silver
AG
$10.3B
| $7.76M | ﹤0.01% |
1,134,400
+144,600
| +15% | +$1.04M |
|
1990
PUT
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$68.1M
| $7.75M | ﹤0.01% |
120
+89
| +287% | +$5.94M |
|
|
CXO
1991
DELISTED
CONCHO RESOURCES INC.
CXO
| $7.75M | ﹤0.01% |
58,865
+22,971
| +64% | +$2.76M |
|
1992
Schwab Fundamental International Large Company Index ETF
FNDF
$26.1B
| $7.75M | ﹤0.01% |
259,570
-313,190
| -55% | -$9.07M |
|
|
DIVA
1993
DELISTED
AGFiQ Hedged Dividend Income Fund
DIVA
| $7.75M | ﹤0.01% |
308,750
+9,853
| +3% | +$248K |
|
1994
CALL
CNX Resources
CNX
$5.33B
| $7.74M | ﹤0.01% |
548,160
-165,960
| -23% | -$2.13M |
|
1995
PUT
KKR & Co
KKR
$97.4B
| $7.73M | ﹤0.01% |
380,400
+27,800
| +8% | +$527K |
|
1996
Invesco CurrencyShares British Pound Sterling Trust
FXB
$65.4M
| $7.73M | ﹤0.01% |
59,330
-52,200
| -47% | -$6.65M |
|
1997
AGNC Investment
AGNC
$12.8B
| $7.72M | ﹤0.01% |
356,332
+15,781
| +5% | +$337K |
|
|
BCR
1998
CALL
DELISTED
CR Bard Inc.
BCR
| $7.72M | ﹤0.01% |
24,100
-10,800
| -31% | -$3.45M |
|
|
PF
1999
DELISTED
Pinnacle Foods, Inc.
PF
| $7.72M | ﹤0.01% |
135,010
-250,278
| -65% | -$14.8M |
|
|
MLNX
2000
PUT
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $7.71M | ﹤0.01% |
163,500
-4,000
| -2% | -$181K |
|
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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.