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
|
+$1.22B |
| 2 |
Alibaba
BABA
|
+$408M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$292M |
| 4 |
Gilead Sciences
GILD
|
+$218M |
| 5 |
Ford
F
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.37B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$1.18B |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$619M |
| 4 |
Bank of America
BAC
|
+$487M |
| 5 |
Booking.com
BKNG
|
+$406M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.53% |
| 2 | Consumer Discretionary | 2.02% |
| 3 | Financials | 1.63% |
| 4 | Healthcare | 1.38% |
| 5 | Energy | 1.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SHLD
226
PUT
DELISTED
Sears Holding Corporation
SHLD
| $205M | 0.08% |
6,214,300
+769,122
| +14% | +$25.2M |
|
227
CALL
DuPont de Nemours
DD
$18.7B
| $205M | 0.08% |
1,774,003
-264,452
| -13% | -$32.2M |
|
228
Halliburton
HAL
$29.4B
| $204M | 0.08% |
5,194,401
+3,663,854
| +239% | +$178M |
|
229
PUT
Herbalife
HLF
$1.33B
| $202M | 0.08% |
10,722,600
+2,848,800
| +36% | +$61M |
|
230
CALL
Verizon
VZ
$205B
| $202M | 0.08% |
4,293,700
-225,500
| -5% | -$11M |
|
231
PUT
American International
AIG
$39.8B
| $202M | 0.08% |
3,601,000
-2,525,100
| -41% | -$135M |
|
|
232
CALL
Herbalife
HLF
$1.33B
| $200M | 0.08% |
10,625,200
+636,000
| +6% | +$13.6M |
|
|
PXD
233
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $199M | 0.08% |
1,339,400
+148,700
| +12% | +$24.5M |
|
234
BP
BP
$115B
| $198M | 0.08% |
6,254,797
+1,496,977
| +31% | +$50.3M |
|
235
PUT
ConocoPhillips
COP
$162B
| $197M | 0.08% |
2,854,500
+529,500
| +23% | +$37M |
|
236
CALL
Wynn Resorts
WYNN
$10.3B
| $196M | 0.08% |
1,320,000
-169,700
| -11% | -$29.1M |
|
237
iShares Core MSCI Emerging Markets ETF
IEMG
$160B
| $196M | 0.08% |
4,162,998
+3,502,496
| +530% | +$171M |
|
238
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $196M | 0.08% |
3,401,200
-262,300
| -7% | -$14.6M |
|
|
BWP
239
DELISTED
Boardwalk Pipeline Partners
BWP
| $195M | 0.08% |
10,988,559
-171,798
| -2% | -$2.9M |
|
|
240
Booking.com
BKNG
$158B
| $194M | 0.08% |
4,243,350
-8,979,475
| -68% | -$406M |
|
241
PUT
Freeport-McMoran
FCX
$110B
| $193M | 0.08% |
8,278,000
+2,288,500
| +38% | +$63.2M |
|
242
CALL
Capri Holdings
CPRI
$1.55B
| $193M | 0.08% |
2,563,600
+316,400
| +14% | +$23.6M |
|
243
PUT
Occidental Petroleum
OXY
$61.3B
| $191M | 0.08% |
2,376,440
+90,574
| +4% | +$7.52M |
|
244
Visa
V
$693B
| $191M | 0.08% |
2,910,196
+2,129,868
| +273% | +$128M |
|
245
CALL
RTX Corp
RTX
$283B
| $190M | 0.08% |
2,629,159
+896,990
| +52% | +$61.2M |
|
246
CALL
Williams Companies
WMB
$86.2B
| $190M | 0.08% |
4,229,900
+1,552,200
| +58% | +$79.4M |
|
247
CALL
Cisco
CSCO
$438B
| $190M | 0.08% |
6,830,000
+380,600
| +6% | +$9.83M |
|
248
CALL
Target
TGT
$75.1B
| $189M | 0.08% |
2,491,600
+582,100
| +30% | +$39.3M |
|
249
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $189M | 0.08% |
5,167,200
-8,970,000
| -63% | -$364M |
|
|
ESRX
250
CALL
DELISTED
Express Scripts Holding Company
ESRX
| $187M | 0.07% |
2,212,100
+798,100
| +56% | +$62.4M |
|
Similar funds
Jeff Yass's Q4 2014 Portfolio in Review
As of Q4 2014, Jeff Yass held 10,737 positions worth $252B, down 3% from $260B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass withdrew a net $10.2B in Q4 2014, closing 1,178 positions and reducing 4,352 holdings. Its most notable exit was Bausch Health, an estimated $68.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, up from 2.2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Northern Trust Morningstar Global Upstream Natural Resources ETF worth $31M.
- Jeff Yass's largest Q4 2014 buy was Northern Trust Morningstar Global Upstream Natural Resources ETF: 1,011,289 shares worth $31M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q4 2014, an estimated $1.22B increase.
- Jeff Yass's biggest Q4 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.37B.
- Jeff Yass fully exited Bausch Health in Q4 2014, selling an estimated $68.9M.
- Jeff Yass's ten largest holdings make up 23% of its $252B portfolio in Q4 2014.
- Jeff Yass opened 1,370 new positions and closed 1,178 in Q4 2014.
- Jeff Yass's portfolio value fell 3% quarter-over-quarter to $252B.
Based on Susquehanna International Group's 13F filing for Q4 2014, filed 17 Feb 2015.