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 |
Amazon
AMZN
|
+$685M |
| 2 |
BAS
Basis Energy Services, Inc.
BAS
|
+$459M |
| 3 |
WFT
Weatherford International plc
WFT
|
+$354M |
| 4 |
Air Products & Chemicals
APD
|
+$216M |
| 5 |
Mondelez International
MDLZ
|
+$209M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$3.97B |
| 2 |
Bank of America
BAC
|
+$1.16B |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$192M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$174M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$141M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.75% |
| 2 | Consumer Discretionary | 1.45% |
| 3 | Healthcare | 1.23% |
| 4 | Financials | 1.18% |
| 5 | Energy | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
PUT
Micron Technology
MU
$1.09T
| $169M | 0.09% |
7,712,100
+387,100
| +5% | +$7.27M |
|
202
Wells Fargo
WFC
$254B
| $169M | 0.09% |
3,063,946
-1,050,959
| -26% | -$52.8M |
|
203
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $167M | 0.08% |
7,194,500
+3,205,700
| +80% | +$68.8M |
|
204
CALL
Cisco
CSCO
$438B
| $167M | 0.08% |
5,532,600
-237,100
| -4% | -$7.23M |
|
205
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $166M | 0.08% |
4,061,400
+11,500
| +0.3% | +$434K |
|
206
PUT
Ford
F
$57.5B
| $164M | 0.08% |
13,541,500
+2,910,400
| +27% | +$35.3M |
|
207
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $163M | 0.08% |
4,875,200
-2,635,300
| -35% | -$90.5M |
|
|
208
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $162M | 0.08% |
3,966,500
+1,389,200
| +54% | +$52.5M |
|
209
PUT
Walmart Inc
WMT
$825B
| $161M | 0.08% |
6,994,500
-1,679,400
| -19% | -$39.2M |
|
210
PUT
Broadcom
AVGO
$1.75T
| $161M | 0.08% |
9,115,000
-407,000
| -4% | -$7.05M |
|
211
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $161M | 0.08% |
6,620,600
+584,400
| +10% | +$14M |
|
|
DD
212
CALL
DELISTED
Du Pont De Nemours E I
DD
| $160M | 0.08% |
2,184,900
+88,700
| +4% | +$6.3M |
|
213
CALL
American International
AIG
$39.8B
| $160M | 0.08% |
2,450,300
+284,900
| +13% | +$17.9M |
|
214
CALL
Starbucks
SBUX
$122B
| $158M | 0.08% |
2,851,800
+445,900
| +19% | +$24.7M |
|
215
PUT
DuPont de Nemours
DD
$18.7B
| $158M | 0.08% |
1,089,003
-93,429
| -8% | -$13M |
|
|
AET
216
CALL
DELISTED
Aetna Inc
AET
| $158M | 0.08% |
1,272,400
+421,300
| +50% | +$50.4M |
|
217
CALL
Honeywell
HON
$68.4B
| $157M | 0.08% |
1,502,969
+62,438
| +4% | +$6.35M |
|
218
CALL
PNC Financial Services
PNC
$97B
| $157M | 0.08% |
1,343,500
+266,800
| +25% | +$27.7M |
|
219
PUT
Deere & Co
DE
$175B
| $156M | 0.08% |
1,511,100
+277,200
| +22% | +$26.1M |
|
220
CALL
Philip Morris
PM
$293B
| $155M | 0.08% |
1,694,800
+169,000
| +11% | +$15.7M |
|
|
221
CALL
Walmart Inc
WMT
$825B
| $152M | 0.08% |
6,585,300
-3,916,800
| -37% | -$91.4M |
|
|
TWTR
222
DELISTED
Twitter, Inc.
TWTR
| $151M | 0.08% |
9,287,276
-3,941,228
| -30% | -$72.3M |
|
223
PUT
Blackstone
BX
$108B
| $151M | 0.08% |
5,593,900
-1,487,500
| -21% | -$38.6M |
|
224
CALL
RTX Corp
RTX
$283B
| $151M | 0.08% |
2,189,483
+165,891
| +8% | +$11M |
|
225
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $151M | 0.08% |
3,039,300
-660,000
| -18% | -$31M |
|
Similar funds
Jeff Yass's Q4 2016 Portfolio in Review
As of Q4 2016, Jeff Yass held 10,783 positions worth $197B, down 4.9% from $207B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $12.7B in Q4 2016, closing 1,274 positions and reducing 3,383 holdings. Its most notable exit was Synchrony, an estimated $104M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, up from 1.3% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Jeff Yass opened a new position in Basis Energy Services, Inc. worth $59.7M.
- Jeff Yass's largest Q4 2016 buy was Basis Energy Services, Inc.: 1,689,160 shares worth $59.7M.
- Jeff Yass added most to Amazon in Q4 2016, an estimated $685M increase.
- Jeff Yass's biggest Q4 2016 reduction was Procter & Gamble, cutting an estimated $3.97B.
- Jeff Yass fully exited Synchrony in Q4 2016, selling an estimated $104M.
- Jeff Yass's ten largest holdings make up 21% of its $197B portfolio in Q4 2016.
- Jeff Yass opened 2,442 new positions and closed 1,274 in Q4 2016.
- Jeff Yass's portfolio value fell 4.9% quarter-over-quarter to $197B.
Based on Susquehanna International Group's 13F filing for Q4 2016, filed 14 Feb 2017.