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 | |
|---|---|---|---|---|---|---|
251
CALL
3M
MMM
$92.3B
| $187M | 0.07% |
1,361,168
-97,832
| -7% | -$12.6M |
|
252
JPMorgan Chase
JPM
$935B
| $186M | 0.07% |
2,971,400
-1,516,346
| -34% | -$91.2M |
|
|
QIHU
253
PUT
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $184M | 0.07% |
3,211,500
+52,600
| +2% | +$3.47M |
|
254
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $184M | 0.07% |
9,985,700
-736,300
| -7% | -$14.2M |
|
255
CALL
United States Oil Fund
USO
$2.24B
| $183M | 0.07% |
1,123,050
+872,912
| +349% | +$194M |
|
256
PUT
lululemon athletica
LULU
$13.7B
| $183M | 0.07% |
3,277,300
-45,300
| -1% | -$2.07M |
|
|
257
CALL
lululemon athletica
LULU
$13.7B
| $182M | 0.07% |
3,255,400
-22,200
| -0.7% | -$1.01M |
|
258
CALL
Bristol-Myers Squibb
BMY
$137B
| $180M | 0.07% |
3,044,600
-767,900
| -20% | -$43.3M |
|
259
PUT
Lockheed Martin
LMT
$130B
| $178M | 0.07% |
922,700
+144,000
| +18% | +$26.7M |
|
|
TPH
260
DELISTED
Tri Pointe Homes
TPH
| $176M | 0.07% |
11,569,207
-1,615,050
| -12% | -$23M |
|
261
PUT
Kinder Morgan
KMI
$69B
| $176M | 0.07% |
4,153,300
+423,000
| +11% | +$16.7M |
|
262
PUT
EOG Resources
EOG
$80.3B
| $176M | 0.07% |
1,908,400
+253,300
| +15% | +$23.6M |
|
|
CBST
263
PUT
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $175M | 0.07% |
1,742,100
+1,215,400
| +231% | +$94.5M |
|
264
CALL
Home Depot
HD
$335B
| $175M | 0.07% |
1,662,900
-195,000
| -10% | -$18.9M |
|
265
PUT
Dollar General
DG
$27.2B
| $172M | 0.07% |
2,428,000
+1,444,700
| +147% | +$94M |
|
266
Mastercard
MA
$509B
| $166M | 0.07% |
1,931,117
-1,070,726
| -36% | -$87.4M |
|
|
QIHU
267
CALL
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $166M | 0.07% |
2,905,600
+602,700
| +26% | +$39.8M |
|
268
PUT
American Express
AXP
$227B
| $166M | 0.07% |
1,786,200
+93,200
| +6% | +$8.36M |
|
269
Baidu
BIDU
$31.6B
| $165M | 0.07% |
725,369
-440,942
| -38% | -$101M |
|
270
PUT
Blackrock
BLK
$179B
| $164M | 0.07% |
460,000
+36,200
| +9% | +$12.4M |
|
271
PUT
AbbVie
ABBV
$468B
| $164M | 0.07% |
2,509,800
+1,102,300
| +78% | +$69.5M |
|
|
ESRX
272
DELISTED
Express Scripts Holding Company
ESRX
| $162M | 0.06% |
1,914,583
-320,517
| -14% | -$25M |
|
273
PUT
Equinix
EQIX
$105B
| $159M | 0.06% |
702,900
+306,500
| +77% | +$66.3M |
|
274
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.37B
| $159M | 0.06% |
3,935,600
-1,114,600
| -22% | -$39.9M |
|
275
CALL
Las Vegas Sands
LVS
$30.5B
| $159M | 0.06% |
2,733,500
-1,661,000
| -38% | -$100M |
|
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.