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 | |
|---|---|---|---|---|---|---|
201
CALL
IBM
IBM
$222B
| $214M | 0.08% |
1,541,699
-215,476
| -12% | -$30M |
|
|
AGN
202
DELISTED
Allergan plc
AGN
| $210M | 0.08% |
1,023,246
+921,341
| +904% | +$214M |
|
|
SINA
203
DELISTED
Sina Corp
SINA
| $206M | 0.08% |
1,800,419
+507,701
| +39% | +$51.3M |
|
204
CALL
Invesco CurrencyShares Euro Currency Trust
FXE
$345M
| $205M | 0.08% |
1,797,000
+524,300
| +41% | +$59.6M |
|
|
205
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $204M | 0.08% |
1,684,500
+1,573,800
| +1,422% | +$190M |
|
206
PUT
Freeport-McMoran
FCX
$110B
| $203M | 0.08% |
14,479,900
+2,349,400
| +19% | +$33M |
|
207
CALL
Mastercard
MA
$509B
| $203M | 0.08% |
1,439,600
-294,900
| -17% | -$39M |
|
208
CALL
Oracle
ORCL
$422B
| $203M | 0.08% |
4,193,700
-789,200
| -16% | -$39.3M |
|
209
CALL
Starbucks
SBUX
$122B
| $201M | 0.08% |
3,742,400
+2,106,100
| +129% | +$117M |
|
210
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $201M | 0.08% |
2,511,200
+811,600
| +48% | +$65.2M |
|
211
GE Aerospace
GE
$361B
| $196M | 0.08% |
1,693,390
-267,704
| -14% | -$32.4M |
|
212
CALL
Salesforce
CRM
$171B
| $196M | 0.08% |
2,095,600
+678,100
| +48% | +$62.4M |
|
213
CALL
Charter Communications
CHTR
$17.9B
| $195M | 0.08% |
536,300
+197,100
| +58% | +$73.4M |
|
214
PUT
Blackrock
BLK
$179B
| $195M | 0.08% |
435,600
+76,100
| +21% | +$32.5M |
|
215
CALL
PayPal
PYPL
$52.7B
| $193M | 0.07% |
3,010,000
+65,800
| +2% | +$3.94M |
|
216
CALL
Valero Energy
VLO
$100B
| $189M | 0.07% |
2,459,200
+730,400
| +42% | +$50.3M |
|
217
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $188M | 0.07% |
10,708,800
+4,673,000
| +77% | +$105M |
|
218
PUT
Altria Group
MO
$110B
| $188M | 0.07% |
2,967,100
-245,300
| -8% | -$16.4M |
|
219
CALL
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.53B
| $187M | 0.07% |
1,173,260
+242,000
| +26% | +$40.3M |
|
220
CALL
Constellation Brands
STZ
$23.2B
| $185M | 0.07% |
929,400
+454,000
| +95% | +$89.9M |
|
221
PUT
Philip Morris
PM
$293B
| $185M | 0.07% |
1,663,600
+487,500
| +41% | +$56.7M |
|
|
BAC.WS.A
222
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $184M | 0.07% |
13,900,626
| – | – |
|
223
PUT
Cisco
CSCO
$438B
| $181M | 0.07% |
5,372,200
+453,900
| +9% | +$14.4M |
|
224
PUT
Adobe
ADBE
$109B
| $180M | 0.07% |
1,205,900
+720,800
| +149% | +$108M |
|
225
Invesco QQQ Trust
QQQ
$486B
| $179M | 0.07% |
1,232,573
-270,305
| -18% | -$38.7M |
|
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.