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 | Miscellaneous | 89.8% |
| 2 | Financials | 1.95% |
| 3 | Technology | 1.63% |
| 4 | Consumer Discretionary | 1.42% |
| 5 | Communication Services | 1.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HEWG
2676
DELISTED
iShares Currency Hedged MSCI Germany ETF
HEWG
| $3.79M | ﹤0.01% |
164,717
+114,345
| +227% | +$2.56M |
|
2677
Black Hills Corp
BKH
$5.6B
| $3.79M | ﹤0.01% |
62,942
+33,434
| +113% | +$1.78M |
|
2678
PUT
AGCO
AGCO
$7.77B
| $3.78M | ﹤0.01% |
76,100
-8,400
| -10% | -$404K |
|
2679
CALL
McCormick & Company Non-Voting
MKC
$14.7B
| $3.77M | ﹤0.01% |
75,800
+36,600
| +93% | +$1.64M |
|
2680
CALL
Ferrari
RACE
$72.8B
| $3.77M | ﹤0.01% |
+90,400
| New | +$3.65M |
|
2681
CALL
Exelixis
EXEL
$13.7B
| $3.76M | ﹤0.01% |
939,800
-30,700
| -3% | -$130K |
|
2682
PUT
Vanguard Energy ETF
VDE
$10.6B
| $3.76M | ﹤0.01% |
43,800
+13,600
| +45% | +$1.09M |
|
2683
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $3.76M | ﹤0.01% |
104,735
+84,335
| +413% | +$2.91M |
|
2684
iShares Floating Rate Bond ETF
FLOT
$10.6B
| $3.76M | ﹤0.01% |
+74,518
| New | +$3.75M |
|
2685
iShares Government/Credit Bond ETF
GBF
$128M
| $3.76M | ﹤0.01% |
+32,662
| New | +$3.71M |
|
2686
Pinnacle West Capital
PNW
$11.9B
| $3.75M | ﹤0.01% |
49,975
+2,650
| +6% | +$181K |
|
2687
CALL
O'Reilly Automotive
ORLY
$71.1B
| $3.75M | ﹤0.01% |
205,500
-670,500
| -77% | -$11.4M |
|
2688
Aon
AON
$74.2B
| $3.75M | ﹤0.01% |
35,879
-19,388
| -35% | -$1.82M |
|
|
SWFT
2689
CALL
DELISTED
Swift Transportation Company
SWFT
| $3.75M | ﹤0.01% |
201,000
-123,800
| -38% | -$2.01M |
|
2690
Cogent Communications
CCOI
$495M
| $3.74M | ﹤0.01% |
95,756
-45,440
| -32% | -$1.58M |
|
2691
CALL
SBA Communications
SBAC
$19.8B
| $3.74M | ﹤0.01% |
37,300
-59,300
| -61% | -$5.67M |
|
|
WBIC
2692
DELISTED
WBI BullBear Yield 2000 ETF
WBIC
| $3.74M | ﹤0.01% |
179,706
+113,585
| +172% | +$2.33M |
|
|
2693
Vanguard Energy ETF
VDE
$10.6B
| $3.73M | ﹤0.01% |
43,515
+21,170
| +95% | +$1.7M |
|
2694
TAL Education Group
TAL
$6.5B
| $3.73M | ﹤0.01% |
450,804
+180,804
| +67% | +$1.44M |
|
2695
PUT
Global Payments
GPN
$24.5B
| $3.73M | ﹤0.01% |
57,100
-26,500
| -32% | -$1.57M |
|
2696
PUT
Silgan Holdings
SLGN
$4.42B
| $3.73M | ﹤0.01% |
140,200
+128,000
| +1,049% | +$3.32M |
|
2697
CALL
Genesis Energy
GEL
$2B
| $3.73M | ﹤0.01% |
117,200
-246,500
| -68% | -$6.85M |
|
2698
International Paper
IP
$21.1B
| $3.72M | ﹤0.01% |
95,821
-493,858
| -84% | -$17.2M |
|
2699
Dycom Industries
DY
$9.25B
| $3.72M | ﹤0.01% |
57,568
+23,490
| +69% | +$1.43M |
|
|
DCP
2700
CALL
DELISTED
DCP Midstream, LP
DCP
| $3.72M | ﹤0.01% |
136,600
-8,100
| -6% | -$170K |
|
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 $9.01B 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 Miscellaneous at 90% of assets, up from 87% a quarter earlier, followed by Financials and Technology.
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.