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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $13.4B | 5.19% |
53,457,900
+1,088,400
| +2% | +$268M |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $9.33B | 3.61% |
37,156,800
+12,656,100
| +52% | +$3.12B |
|
3
PUT
Invesco QQQ Trust
QQQ
$486B
| $6.39B | 2.47% |
43,961,800
+2,784,200
| +7% | +$399M |
|
4
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $6.23B | 2.41% |
42,063,900
+14,149,200
| +51% | +$1.99B |
|
|
5
PUT
Amazon
AMZN
$2.79T
| $6.17B | 2.39% |
128,456,000
-546,000
| -0.4% | -$26.8M |
|
|
6
CALL
Amazon
AMZN
$2.79T
| $5.96B | 2.3% |
124,038,000
+36,422,000
| +42% | +$1.79B |
|
|
7
PUT
Apple
AAPL
$4.51T
| $4.95B | 1.91% |
128,555,200
+33,704,800
| +36% | +$1.31B |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $3.39B | 1.31% |
23,313,500
+4,946,500
| +27% | +$709M |
|
|
9
CALL
Apple
AAPL
$4.51T
| $3.16B | 1.22% |
82,027,200
-735,200
| -0.9% | -$28.5M |
|
|
10
PUT
Tesla
TSLA
$1.43T
| $3.09B | 1.19% |
135,942,000
+18,471,000
| +16% | +$426M |
|
11
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $3.06B | 1.18% |
63,720,000
+3,306,000
| +5% | +$154M |
|
|
12
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.93B | 1.13% |
60,278,000
+11,336,000
| +23% | +$538M |
|
|
13
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $2.86B | 1.1% |
59,628,000
+6,916,000
| +13% | +$322M |
|
14
CALL
Meta Platforms (Facebook)
META
$1.4T
| $2.83B | 1.1% |
16,589,300
+32,000
| +0.2% | +$5.34M |
|
15
PUT
Booking.com
BKNG
$158B
| $2.42B | 0.93% |
33,020,000
-2,592,500
| -7% | -$197M |
|
|
16
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.36B | 0.91% |
48,562,000
+14,906,000
| +44% | +$707M |
|
|
17
PUT
Meta Platforms (Facebook)
META
$1.4T
| $2.36B | 0.91% |
13,823,900
+1,768,700
| +15% | +$295M |
|
|
18
Apple
AAPL
$4.51T
| $2.15B | 0.83% |
55,687,156
+33,757,096
| +154% | +$1.31B |
|
|
19
CALL
Alibaba
BABA
$286B
| $2.01B | 0.78% |
11,660,300
-2,898,500
| -20% | -$470M |
|
|
20
PUT
Alibaba
BABA
$286B
| $1.95B | 0.75% |
11,296,600
+855,300
| +8% | +$139M |
|
21
PUT
NVIDIA
NVDA
$5.2T
| $1.94B | 0.75% |
433,396,000
+84,848,000
| +24% | +$353M |
|
22
PUT
Bank of America
BAC
$431B
| $1.88B | 0.73% |
74,284,200
+3,160,800
| +4% | +$76.7M |
|
|
23
CALL
Tesla
TSLA
$1.43T
| $1.86B | 0.72% |
81,700,500
-3,828,000
| -4% | -$88.3M |
|
|
24
CALL
Booking.com
BKNG
$158B
| $1.84B | 0.71% |
25,130,000
+3,050,000
| +14% | +$231M |
|
|
25
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.83B | 0.71% |
12,370,700
+2,819,300
| +30% | +$397M |
|
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.