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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $16.3B | 5.76% |
60,948,300
+7,490,400
| +14% | +$1.95B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $8.77B | 3.1% |
32,755,800
-4,401,000
| -12% | -$1.14B |
|
|
3
PUT
Amazon
AMZN
$2.79T
| $7.22B | 2.55% |
121,724,000
-6,732,000
| -5% | -$370M |
|
|
4
CALL
Amazon
AMZN
$2.79T
| $6.4B | 2.26% |
107,836,000
-16,202,000
| -13% | -$891M |
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $6.16B | 2.17% |
39,538,100
-4,423,700
| -10% | -$675M |
|
6
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $5.69B | 2.01% |
37,347,100
-4,716,800
| -11% | -$708M |
|
|
7
PUT
Apple
AAPL
$4.51T
| $5.04B | 1.78% |
117,836,800
-10,718,400
| -8% | -$448M |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $3.76B | 1.33% |
24,147,000
+833,500
| +4% | +$127M |
|
|
9
CALL
Apple
AAPL
$4.51T
| $3.55B | 1.25% |
83,029,200
+1,002,000
| +1% | +$41.9M |
|
10
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $3.46B | 1.22% |
66,114,000
+2,394,000
| +4% | +$122M |
|
11
CALL
Meta Platforms (Facebook)
META
$1.4T
| $3.08B | 1.09% |
17,308,200
+718,900
| +4% | +$127M |
|
12
CALL
Alibaba
BABA
$286B
| $3.08B | 1.09% |
17,857,800
+6,197,500
| +53% | +$1.11B |
|
13
PUT
Tesla
TSLA
$1.43T
| $2.99B | 1.06% |
144,210,000
+8,268,000
| +6% | +$180M |
|
|
14
Apple
AAPL
$4.51T
| $2.89B | 1.02% |
68,319,792
+12,632,636
| +23% | +$528M |
|
|
15
CALL
Union Pacific
UNP
$183B
| $2.85B | 1% |
21,232,300
+10,429,000
| +97% | +$1.26B |
|
|
16
PUT
Meta Platforms (Facebook)
META
$1.4T
| $2.65B | 0.94% |
14,909,600
+1,085,700
| +8% | +$192M |
|
|
17
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $2.59B | 0.91% |
49,358,000
-10,270,000
| -17% | -$523M |
|
|
18
PUT
NVIDIA
NVDA
$5.2T
| $2.5B | 0.88% |
516,840,000
+83,444,000
| +19% | +$414M |
|
|
19
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.48B | 0.87% |
46,910,000
-1,652,000
| -3% | -$85.3M |
|
|
20
PUT
Alibaba
BABA
$286B
| $2.46B | 0.87% |
14,261,400
+2,964,800
| +26% | +$531M |
|
|
21
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.43B | 0.86% |
46,116,000
-14,162,000
| -23% | -$731M |
|
|
22
PUT
Booking.com
BKNG
$158B
| $2.31B | 0.82% |
33,252,500
+232,500
| +0.7% | +$16.8M |
|
|
23
CALL
Tesla
TSLA
$1.43T
| $2.18B | 0.77% |
105,093,000
+23,392,500
| +29% | +$509M |
|
|
24
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $2.05B | 0.72% |
13,432,400
+1,061,700
| +9% | +$159M |
|
|
25
CALL
Booking.com
BKNG
$158B
| $1.99B | 0.7% |
28,607,500
+3,477,500
| +14% | +$252M |
|
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.