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 | |
|---|---|---|---|---|---|---|
2001
PUT
Stratasys
SSYS
$694M
| $7.71M | ﹤0.01% |
333,400
-150,300
| -31% | -$3.48M |
|
|
NVRO
2002
PUT
DELISTED
NEVRO CORP.
NVRO
| $7.71M | ﹤0.01% |
84,800
-37,400
| -31% | -$3.2M |
|
|
ENDP
2003
PUT
DELISTED
Endo International plc
ENDP
| $7.7M | ﹤0.01% |
898,500
-452,600
| -33% | -$4.36M |
|
|
AXON
2004
CALL
Axon Enterprise
AXON
$49.4B
| $7.69M | ﹤0.01% |
339,400
-69,700
| -17% | -$1.63M |
|
|
MASI
2005
PUT
DELISTED
Masimo
MASI
| $7.69M | ﹤0.01% |
88,800
+38,000
| +75% | +$3.36M |
|
2006
PUT
Adient
ADNT
$1.46B
| $7.68M | ﹤0.01% |
91,500
-18,200
| -17% | -$1.29M |
|
2007
CALL
iShares S&P 100 ETF
OEF
$20.3B
| $7.68M | ﹤0.01% |
69,000
+48,800
| +242% | +$5.34M |
|
|
SRG
2008
PUT
Seritage Growth Properties
SRG
$119M
| $7.67M | ﹤0.01% |
166,600
-152,800
| -48% | -$7.09M |
|
2009
Packaging Corp of America
PKG
$22B
| $7.67M | ﹤0.01% |
66,909
+29,009
| +77% | +$3.25M |
|
2010
PUT
American Eagle Outfitters
AEO
$2.95B
| $7.67M | ﹤0.01% |
536,400
+25,700
| +5% | +$315K |
|
2011
PUT
Bank of Montreal
BMO
$121B
| $7.67M | ﹤0.01% |
101,300
+28,100
| +38% | +$2.1M |
|
|
NXH
2012
PUT
Neighborhood Intelligence Inc
NXH
$383M
| $7.67M | ﹤0.01% |
343,664
+240,911
| +234% | +$3.64M |
|
2013
PUT
Core Laboratories
CLB
$550M
| $7.66M | ﹤0.01% |
77,600
-47,400
| -38% | -$4.59M |
|
|
BIG
2014
CALL
DELISTED
Big Lots, Inc.
BIG
| $7.66M | ﹤0.01% |
142,900
+30,600
| +27% | +$1.51M |
|
2015
CALL
Novartis
NVS
$299B
| $7.65M | ﹤0.01% |
99,436
-195,858
| -66% | -$14.8M |
|
2016
CALL
Agilent Technologies
A
$43.8B
| $7.59M | ﹤0.01% |
118,200
-102,700
| -46% | -$6.4M |
|
2017
CALL
Markel Group
MKL
$22.5B
| $7.58M | ﹤0.01% |
7,100
+4,500
| +173% | +$4.65M |
|
|
ULTI
2018
CALL
DELISTED
Ultimate Software Group Inc
ULTI
| $7.57M | ﹤0.01% |
39,900
+8,600
| +27% | +$1.74M |
|
2019
CALL
Community Health Systems
CYH
$412M
| $7.56M | ﹤0.01% |
984,800
+428,300
| +77% | +$3.34M |
|
2020
Goodyear
GT
$1.8B
| $7.56M | ﹤0.01% |
227,461
+125,167
| +122% | +$4.07M |
|
2021
PUT
Cognex
CGNX
$10.4B
| $7.55M | ﹤0.01% |
137,000
-84,600
| -38% | -$4.3M |
|
2022
PUT
ProShares UltraShort Gold
GLL
$88.7M
| $7.54M | ﹤0.01% |
26,350
+20,575
| +356% | +$5.93M |
|
2023
CALL
Cullen/Frost Bankers
CFR
$10.1B
| $7.54M | ﹤0.01% |
79,400
-42,400
| -35% | -$3.83M |
|
|
BPL
2024
PUT
DELISTED
Buckeye Partners, L.P.
BPL
| $7.53M | ﹤0.01% |
132,100
-34,900
| -21% | -$2.07M |
|
2025
PUT
ProShares UltraShort QQQ
QID
$219M
| $7.53M | ﹤0.01% |
6,086
+1,563
| +35% | +$2.01M |
|
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.