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
|
+$528M |
| 2 |
Boeing
BA
|
+$375M |
| 3 |
GE Aerospace
GE
|
+$346M |
| 4 |
Intel
INTC
|
+$340M |
| 5 |
Union Pacific
UNP
|
+$281M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$695M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$639M |
| 3 |
Booking.com
BKNG
|
+$333M |
| 4 |
Bank of America
BAC
|
+$194M |
| 5 |
NVIDIA
NVDA
|
+$189M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.64% |
| 2 | Consumer Discretionary | 0.99% |
| 3 | Communication Services | 0.98% |
| 4 | Healthcare | 0.9% |
| 5 | Industrials | 0.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
PUT
Charter Communications
CHTR
$17.9B
| $249M | 0.09% |
740,300
+359,900
| +95% | +$122M |
|
202
CALL
Merck
MRK
$376B
| $247M | 0.09% |
4,592,755
-213,792
| -4% | -$11.9M |
|
203
PUT
Lockheed Martin
LMT
$130B
| $246M | 0.09% |
765,300
-27,400
| -3% | -$8.64M |
|
|
BAC.WS.A
204
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $244M | 0.09% |
13,900,626
| – | – |
|
205
CALL
Nike
NKE
$60.5B
| $242M | 0.09% |
3,864,000
+993,300
| +35% | +$57.1M |
|
206
PUT
Analog Devices
ADI
$182B
| $242M | 0.09% |
2,712,800
+2,266,000
| +507% | +$201M |
|
207
PUT
AbbVie
ABBV
$468B
| $237M | 0.08% |
2,452,600
+708,400
| +41% | +$66.8M |
|
208
CALL
Broadcom
AVGO
$1.75T
| $236M | 0.08% |
9,202,000
-251,000
| -3% | -$6.52M |
|
209
CALL
American Airlines Group
AAL
$9.15B
| $236M | 0.08% |
4,528,500
+867,800
| +24% | +$43.2M |
|
210
CALL
Amgen
AMGN
$238B
| $232M | 0.08% |
1,336,000
-115,400
| -8% | -$20.4M |
|
|
SINA
211
DELISTED
Sina Corp
SINA
| $232M | 0.08% |
2,311,204
+510,785
| +28% | +$54.5M |
|
212
PUT
Philip Morris
PM
$293B
| $231M | 0.08% |
2,189,400
+525,800
| +32% | +$56M |
|
213
General Motors
GM
$77.2B
| $231M | 0.08% |
5,634,776
+4,358,022
| +341% | +$189M |
|
214
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $230M | 0.08% |
3,033,100
+683,400
| +29% | +$49.7M |
|
215
PUT
United States Oil Fund
USO
$2.24B
| $229M | 0.08% |
2,387,963
-2,417,550
| -50% | -$215M |
|
216
CALL
NetEase
NTES
$82.1B
| $228M | 0.08% |
3,297,000
+610,500
| +23% | +$38.1M |
|
217
AB InBev
BUD
$155B
| $227M | 0.08% |
2,035,234
-592,073
| -23% | -$69.6M |
|
218
CALL
State Street SPDR S&P Retail ETF
XRT
$491M
| $226M | 0.08% |
4,992,700
+3,772,100
| +309% | +$159M |
|
219
iShares MSCI EAFE ETF
EFA
$80B
| $222M | 0.08% |
3,164,475
+1,120,769
| +55% | +$77.9M |
|
220
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $221M | 0.08% |
6,908,600
+2,060,600
| +43% | +$64.6M |
|
221
PUT
Palo Alto Networks
PANW
$292B
| $219M | 0.08% |
9,071,400
-3,288,600
| -27% | -$80M |
|
|
222
CALL
Charter Communications
CHTR
$17.9B
| $218M | 0.08% |
648,500
+112,200
| +21% | +$38.1M |
|
223
Microsoft
MSFT
$3.59T
| $216M | 0.08% |
2,528,996
+2,387,573
| +1,688% | +$196M |
|
224
PUT
MetLife
MET
$60B
| $215M | 0.08% |
4,259,700
-381,000
| -8% | -$20.1M |
|
225
iShares Russell 2000 ETF
IWM
$81.9B
| $215M | 0.08% |
+1,409,026
| New | +$212M |
|
Similar funds
Jeff Yass's Q4 2017 Portfolio in Review
As of Q4 2017, Jeff Yass held 10,541 positions worth $283B, up 9.5% from $259B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass's Q4 2017 filing shows 1,808 new, 3,387 increased, 3,810 reduced and 1,384 closed positions. Its largest new stake was Union Pacific: 2,326,570 shares worth $312M. The largest sale was Amazon, an estimated $695M.
By sector, the portfolio is most concentrated in Technology at 2.6% of assets, up from 2.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jeff Yass's largest Q4 2017 buy was Union Pacific: 2,326,570 shares worth $312M.
- Jeff Yass added most to Apple in Q4 2017, an estimated $528M increase.
- Jeff Yass's biggest Q4 2017 reduction was Amazon, cutting an estimated $695M.
- Jeff Yass fully exited iShares iBoxx $ Investment Grade Corporate Bond ETF in Q4 2017, selling an estimated $639M.
- Jeff Yass's ten largest holdings make up 23% of its $283B portfolio in Q4 2017.
- Jeff Yass opened 1,808 new positions and closed 1,384 in Q4 2017.
- Jeff Yass's portfolio value rose 9.5% quarter-over-quarter to $283B.
Based on Susquehanna International Group's 13F filing for Q4 2017, filed 14 Feb 2018.