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 |
Procter & Gamble
PG
|
+$4.12B |
| 2 |
Gilead Sciences
GILD
|
+$379M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$286M |
| 4 |
Amazon
AMZN
|
+$271M |
| 5 |
Meta Platforms (Facebook)
META
|
+$266M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$762M |
| 2 |
SPDR Gold Trust
GLD
|
+$410M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$400M |
| 4 |
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
|
+$227M |
| 5 |
Synchrony
SYF
|
+$195M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 2.31% |
| 2 | Technology | 1.26% |
| 3 | Financials | 1.12% |
| 4 | Healthcare | 1.04% |
| 5 | Consumer Discretionary | 0.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $15.9B | 7.68% |
73,511,840
-3,222,500
| -4% | -$697M |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $10.8B | 5.19% |
49,726,960
+9,343,170
| +23% | +$2.02B |
|
|
3
PUT
Procter & Gamble
PG
$336B
| $4.4B | 2.12% |
48,989,600
+44,571,500
| +1,009% | +$3.87B |
|
|
4
Procter & Gamble
PG
$336B
| $4.32B | 2.09% |
48,149,808
+47,491,387
| +7,213% | +$4.12B |
|
|
5
PUT
Apple
AAPL
$4.51T
| $3.81B | 1.84% |
134,645,480
-15,410,000
| -10% | -$408M |
|
|
6
CALL
Amazon
AMZN
$2.79T
| $3.64B | 1.76% |
86,846,800
+13,744,000
| +19% | +$526M |
|
|
7
CALL
Apple
AAPL
$4.51T
| $3.52B | 1.7% |
124,698,160
-106,800
| -0.1% | -$2.83M |
|
|
8
PUT
Amazon
AMZN
$2.79T
| $3.38B | 1.63% |
80,836,200
+23,412,000
| +41% | +$896M |
|
9
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $3.28B | 1.58% |
26,396,400
-6,866,600
| -21% | -$835M |
|
10
PUT
Invesco QQQ Trust
QQQ
$486B
| $2.13B | 1.03% |
17,966,800
+6,104,800
| +51% | +$705M |
|
|
11
CALL
Meta Platforms (Facebook)
META
$1.4T
| $2.04B | 0.99% |
15,930,600
-1,450,800
| -8% | -$180M |
|
|
12
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.98B | 0.95% |
15,901,700
+1,662,000
| +12% | +$202M |
|
13
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.97B | 0.95% |
50,744,000
+6,752,000
| +15% | +$256M |
|
|
14
CALL
Invesco QQQ Trust
QQQ
$486B
| $1.93B | 0.93% |
16,252,700
+6,823,700
| +72% | +$787M |
|
|
15
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $1.84B | 0.89% |
47,460,000
-3,506,000
| -7% | -$133M |
|
16
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.72B | 0.83% |
12,510,800
-1,554,000
| -11% | -$216M |
|
17
PUT
Booking.com
BKNG
$158B
| $1.63B | 0.79% |
27,705,000
-9,762,500
| -26% | -$544M |
|
18
PUT
Tesla
TSLA
$1.43T
| $1.53B | 0.74% |
112,137,000
+18,928,500
| +20% | +$273M |
|
|
19
Apple
AAPL
$4.51T
| $1.46B | 0.71% |
51,721,472
-28,783,392
| -36% | -$762M |
|
|
20
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.37B | 0.66% |
10,717,800
+1,075,100
| +11% | +$133M |
|
|
21
CALL
Booking.com
BKNG
$158B
| $1.36B | 0.66% |
23,170,000
-10,067,500
| -30% | -$561M |
|
|
22
CALL
Tesla
TSLA
$1.43T
| $1.35B | 0.65% |
99,132,000
+24,955,500
| +34% | +$360M |
|
23
CALL
Alibaba
BABA
$286B
| $1.35B | 0.65% |
12,740,000
+1,342,200
| +12% | +$124M |
|
|
24
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.25B | 0.6% |
31,108,000
-3,324,000
| -10% | -$130M |
|
25
PUT
Bank of America
BAC
$431B
| $1.23B | 0.59% |
78,572,200
-4,552,500
| -5% | -$67.8M |
|
Similar funds
Jeff Yass's Q3 2016 Portfolio in Review
As of Q3 2016, Jeff Yass held 9,816 positions worth $207B, up 11% from $187B the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Jeff Yass deployed $7.57B of net new capital in Q3 2016, opening 1,347 new positions and adding to 3,275 existing holdings. Its largest new stake was Bristol-Myers Squibb: 4,459,411 shares worth $240M.
By sector, the portfolio is most concentrated in Consumer Staples at 2.3% of assets, up from 0.28% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Apple, an estimated $762M trimmed.
- Jeff Yass's largest Q3 2016 buy was Bristol-Myers Squibb: 4,459,411 shares worth $240M.
- Jeff Yass added most to Procter & Gamble in Q3 2016, an estimated $4.12B increase.
- Jeff Yass's biggest Q3 2016 reduction was Apple, cutting an estimated $762M.
- Jeff Yass fully exited QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS in Q3 2016, selling an estimated $227M.
- Jeff Yass's ten largest holdings make up 27% of its $207B portfolio in Q3 2016.
- Jeff Yass opened 1,347 new positions and closed 1,488 in Q3 2016.
- Jeff Yass's portfolio value rose 11% quarter-over-quarter to $207B.
Based on Susquehanna International Group's 13F filing for Q3 2016, filed 14 Nov 2016.