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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $12.7B | 6.42% |
56,407,370
-17,104,470
| -23% | -$3.74B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $6.09B | 3.09% |
27,135,980
-22,590,980
| -45% | -$4.94B |
|
3
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $4.15B | 2.11% |
30,691,100
+4,294,700
| +16% | +$549M |
|
|
4
PUT
Amazon
AMZN
$2.79T
| $3.56B | 1.81% |
94,992,200
+14,156,000
| +18% | +$555M |
|
|
5
CALL
Amazon
AMZN
$2.79T
| $3.27B | 1.66% |
87,134,800
+288,000
| +0.3% | +$11.3M |
|
6
CALL
Apple
AAPL
$4.51T
| $3.12B | 1.58% |
107,665,760
-17,032,400
| -14% | -$483M |
|
|
7
PUT
Apple
AAPL
$4.51T
| $3.04B | 1.54% |
104,903,080
-29,742,400
| -22% | -$843M |
|
8
PUT
Invesco QQQ Trust
QQQ
$486B
| $2.08B | 1.06% |
17,579,600
-387,200
| -2% | -$45.7M |
|
9
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.99B | 1.01% |
51,594,000
+850,000
| +2% | +$33.1M |
|
|
10
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $1.95B | 0.99% |
50,548,000
+3,088,000
| +7% | +$120M |
|
|
11
CALL
Invesco QQQ Trust
QQQ
$486B
| $1.89B | 0.96% |
15,979,500
-273,200
| -2% | -$32.2M |
|
12
PUT
Tesla
TSLA
$1.43T
| $1.86B | 0.94% |
130,540,500
+18,403,500
| +16% | +$242M |
|
13
CALL
Meta Platforms (Facebook)
META
$1.4T
| $1.85B | 0.94% |
16,053,000
+122,400
| +0.8% | +$15M |
|
|
14
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.74B | 0.88% |
12,830,300
-3,071,400
| -19% | -$392M |
|
15
PUT
Booking.com
BKNG
$158B
| $1.7B | 0.86% |
28,947,500
+1,242,500
| +4% | +$74.2M |
|
|
16
PUT
Bank of America
BAC
$431B
| $1.64B | 0.83% |
74,068,200
-4,504,000
| -6% | -$86.7M |
|
|
17
Apple
AAPL
$4.51T
| $1.63B | 0.83% |
56,173,488
+4,452,016
| +9% | +$126M |
|
18
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.53B | 0.78% |
12,873,600
+362,800
| +3% | +$45.4M |
|
|
19
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.47B | 0.75% |
12,800,900
+2,083,100
| +19% | +$256M |
|
|
20
CALL
Booking.com
BKNG
$158B
| $1.43B | 0.73% |
24,402,500
+1,232,500
| +5% | +$73.6M |
|
|
21
CALL
Tesla
TSLA
$1.43T
| $1.33B | 0.68% |
93,399,000
-5,733,000
| -6% | -$75.3M |
|
22
CALL
Walt Disney
DIS
$186B
| $1.3B | 0.66% |
12,427,300
+7,747,600
| +166% | +$755M |
|
|
23
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.17B | 0.59% |
29,466,000
+1,558,000
| +6% | +$62.3M |
|
|
24
Amazon
AMZN
$2.79T
| $1.13B | 0.57% |
30,048,120
+17,485,520
| +139% | +$685M |
|
25
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.11B | 0.56% |
31,546,300
+917,800
| +3% | +$33.1M |
|
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.