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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$879M |
| 2 |
Bank of America
BAC
|
+$352M |
| 3 |
Intel
INTC
|
+$243M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$232M |
| 5 |
AB InBev
BUD
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.82B |
| 2 |
Amazon
AMZN
|
+$884M |
| 3 |
Air Products & Chemicals
APD
|
+$219M |
| 4 |
Mondelez International
MDLZ
|
+$198M |
| 5 |
WFT
Weatherford International plc
WFT
|
+$181M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 1.22% |
| 2 | Technology | 1.15% |
| 3 | Consumer Discretionary | 1.1% |
| 4 | Financials | 1.05% |
| 5 | Communication Services | 0.98% |
| 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
| $11.2B | 5.69% |
47,575,100
-8,832,270
| -16% | -$2.05B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $5.95B | 3.01% |
25,178,400
-1,957,580
| -7% | -$455M |
|
|
3
PUT
Amazon
AMZN
$2.79T
| $4.39B | 2.22% |
99,032,000
+4,039,800
| +4% | +$168M |
|
4
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $3.98B | 2.02% |
28,983,800
-1,707,300
| -6% | -$233M |
|
|
5
CALL
Apple
AAPL
$4.51T
| $3.66B | 1.85% |
101,770,000
-5,895,760
| -5% | -$194M |
|
|
6
CALL
Amazon
AMZN
$2.79T
| $3.22B | 1.63% |
72,738,000
-14,396,800
| -17% | -$600M |
|
7
PUT
Invesco QQQ Trust
QQQ
$486B
| $3.17B | 1.6% |
23,942,700
+6,363,100
| +36% | +$813M |
|
|
8
PUT
Apple
AAPL
$4.51T
| $2.85B | 1.44% |
79,254,400
-25,648,680
| -24% | -$845M |
|
9
PUT
Booking.com
BKNG
$158B
| $2.35B | 1.19% |
33,057,500
+4,110,000
| +14% | +$271M |
|
10
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $2.17B | 1.1% |
52,340,000
+1,792,000
| +4% | +$73.5M |
|
11
CALL
Meta Platforms (Facebook)
META
$1.4T
| $2.04B | 1.03% |
14,369,200
-1,683,800
| -10% | -$225M |
|
12
PUT
Tesla
TSLA
$1.43T
| $1.95B | 0.99% |
105,211,500
-25,329,000
| -19% | -$429M |
|
|
13
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.95B | 0.99% |
47,058,000
-4,536,000
| -9% | -$186M |
|
|
14
CALL
Booking.com
BKNG
$158B
| $1.71B | 0.86% |
24,000,000
-402,500
| -2% | -$26.6M |
|
|
15
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.58B | 0.8% |
11,153,700
-1,647,200
| -13% | -$220M |
|
|
16
CALL
Tesla
TSLA
$1.43T
| $1.49B | 0.76% |
80,460,000
-12,939,000
| -14% | -$219M |
|
|
17
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.47B | 0.75% |
34,786,000
+5,320,000
| +18% | +$224M |
|
|
18
PUT
Bank of America
BAC
$431B
| $1.37B | 0.69% |
58,161,600
-15,906,600
| -21% | -$377M |
|
19
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.37B | 0.69% |
34,440,900
+2,894,600
| +9% | +$110M |
|
20
CALL
Walt Disney
DIS
$186B
| $1.36B | 0.69% |
12,027,900
-399,400
| -3% | -$44M |
|
|
21
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.36B | 0.69% |
9,908,400
-2,921,900
| -23% | -$399M |
|
|
22
CALL
Invesco QQQ Trust
QQQ
$486B
| $1.35B | 0.68% |
10,160,500
-5,819,000
| -36% | -$743M |
|
23
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.2B | 0.61% |
9,924,800
+2,565,600
| +35% | +$308M |
|
24
CALL
Union Pacific
UNP
$183B
| $1.09B | 0.55% |
10,324,000
+7,339,500
| +246% | +$783M |
|
25
PUT
Netflix
NFLX
$331B
| $1B | 0.51% |
67,823,000
+4,066,000
| +6% | +$57.1M |
|
Similar funds
Jeff Yass's Q1 2017 Portfolio in Review
As of Q1 2017, Jeff Yass held 10,995 positions worth $198B, up 0.36% from $197B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Jeff Yass withdrew a net $14.4B in Q1 2017, closing 2,170 positions and reducing 3,726 holdings. Its most notable exit was Air Products & Chemicals, an estimated $219M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 1.2% of assets, down from 1.2% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares MSCI EAFE ETF worth $131M.
- Jeff Yass's largest Q1 2017 buy was iShares MSCI EAFE ETF: 2,100,985 shares worth $131M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2017, an estimated $879M increase.
- Jeff Yass's biggest Q1 2017 reduction was Apple, cutting an estimated $1.82B.
- Jeff Yass fully exited Air Products & Chemicals in Q1 2017, selling an estimated $219M.
- Jeff Yass's ten largest holdings make up 22% of its $198B portfolio in Q1 2017.
- Jeff Yass opened 1,488 new positions and closed 2,170 in Q1 2017.
- Jeff Yass's portfolio value rose 0.36% quarter-over-quarter to $198B.
Based on Susquehanna International Group's 13F filing for Q1 2017, filed 15 May 2017.