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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$444M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$252M |
| 3 |
Bank of America
BAC
|
+$191M |
| 4 |
Citigroup
C
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$518M |
| 3 |
Meta Platforms (Facebook)
META
|
+$292M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$245M |
| 5 |
AGN
Allergan plc
AGN
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 1.95% |
| 2 | Technology | 1.63% |
| 3 | Consumer Discretionary | 1.42% |
| 4 | Communication Services | 1.39% |
| 5 | Healthcare | 1.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
CALL
RTX Corp
RTX
$283B
| $136M | 0.07% |
2,165,171
+170,340
| +9% | +$9.88M |
|
227
PUT
Eli Lilly
LLY
$1.12T
| $136M | 0.07% |
1,890,400
+41,900
| +2% | +$3.17M |
|
228
CALL
Under Armour
UAA
$2.32B
| $136M | 0.07% |
3,209,000
+1,146,600
| +56% | +$45.2M |
|
|
PXD
229
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $136M | 0.07% |
966,800
-254,200
| -21% | -$31.5M |
|
230
Ford
F
$57.5B
| $134M | 0.07% |
9,942,603
-13,008,293
| -57% | -$164M |
|
231
CALL
Texas Instruments
TXN
$241B
| $134M | 0.07% |
2,337,600
+519,000
| +29% | +$27.6M |
|
232
CALL
EOG Resources
EOG
$80.3B
| $134M | 0.07% |
1,846,300
+281,300
| +18% | +$19.4M |
|
233
PUT
United Parks & Resorts
PRKS
$2.06B
| $134M | 0.07% |
6,347,400
+2,957,500
| +87% | +$55.3M |
|
234
CALL
General Motors
GM
$77.2B
| $133M | 0.07% |
4,239,900
-4,539,200
| -52% | -$137M |
|
235
CALL
FedEx
FDX
$76.9B
| $131M | 0.07% |
806,200
+134,600
| +20% | +$18.7M |
|
236
PUT
Macy's
M
$6B
| $130M | 0.07% |
2,955,600
+610,300
| +26% | +$25.2M |
|
237
CALL
Las Vegas Sands
LVS
$30.5B
| $130M | 0.07% |
2,509,500
+575,800
| +30% | +$26.4M |
|
|
238
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $129M | 0.07% |
986,642
-4,041,115
| -80% | -$518M |
|
239
CALL
JD.com
JD
$39.7B
| $128M | 0.07% |
4,832,000
-1,702,700
| -26% | -$44.7M |
|
240
PUT
Merck
MRK
$376B
| $128M | 0.07% |
2,531,654
+317,440
| +14% | +$15.5M |
|
241
PUT
Expedia Group
EXPE
$38.6B
| $127M | 0.07% |
1,182,200
-32,200
| -3% | -$3.43M |
|
242
Qualcomm
QCOM
$169B
| $127M | 0.07% |
2,483,904
+265,538
| +12% | +$12.9M |
|
243
PUT
First Solar
FSLR
$23B
| $127M | 0.07% |
1,852,200
+650,200
| +54% | +$43.6M |
|
244
PUT
ConocoPhillips
COP
$162B
| $126M | 0.07% |
3,133,600
+816,900
| +35% | +$31.1M |
|
245
PUT
Costco
COST
$420B
| $126M | 0.07% |
799,700
-415,200
| -34% | -$62.9M |
|
246
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $125M | 0.07% |
1,849,500
+738,500
| +66% | +$49.5M |
|
247
CALL
Altria Group
MO
$110B
| $125M | 0.07% |
1,993,300
+516,000
| +35% | +$31.2M |
|
248
Morgan Stanley
MS
$336B
| $125M | 0.07% |
4,993,210
+2,203,745
| +79% | +$56.2M |
|
249
CALL
Phillips 66
PSX
$96.9B
| $125M | 0.07% |
1,440,600
+674,100
| +88% | +$54.8M |
|
250
CALL
Lowe's Companies
LOW
$121B
| $124M | 0.07% |
1,641,100
+762,400
| +87% | +$53.8M |
|
Similar funds
Jeff Yass's Q1 2016 Portfolio in Review
As of Q1 2016, Jeff Yass held 10,537 positions worth $188B, down 13% from $216B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass withdrew a net $22.6B in Q1 2016, closing 1,613 positions and reducing 4,303 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $84.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2% of assets, down from 2.2% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares National Muni Bond ETF worth $17.4M.
- Jeff Yass's largest Q1 2016 buy was iShares National Muni Bond ETF: 155,932 shares worth $17.4M.
- Jeff Yass added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $444M increase.
- Jeff Yass's biggest Q1 2016 reduction was Apple, cutting an estimated $2.59B.
- Jeff Yass fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $84.4M.
- Jeff Yass's ten largest holdings make up 24% of its $188B portfolio in Q1 2016.
- Jeff Yass opened 1,208 new positions and closed 1,613 in Q1 2016.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $188B.
Based on Susquehanna International Group's 13F filing for Q1 2016, filed 13 May 2016.