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
|
+$1.58B |
| 2 |
Bank of America
BAC
|
+$690M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$244M |
| 4 |
Coca-Cola
KO
|
+$222M |
| 5 |
United States Oil Fund
USO
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$456M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$433M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$341M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$318M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.99% |
| 2 | Financials | 1.89% |
| 3 | Consumer Discretionary | 1.86% |
| 4 | Healthcare | 1.5% |
| 5 | Energy | 1.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
CALL
Williams Companies
WMB
$86.2B
| $137M | 0.06% |
2,710,400
-1,519,500
| -36% | -$70.4M |
|
277
Visteon
VC
$2.83B
| $136M | 0.06% |
1,410,235
+95,314
| +7% | +$9.51M |
|
278
IBM
IBM
$222B
| $136M | 0.06% |
885,174
-72,806
| -8% | -$11M |
|
279
CALL
United Airlines
UAL
$36.7B
| $135M | 0.06% |
2,006,100
-1,338,300
| -40% | -$90.7M |
|
280
PUT
Transocean
RIG
$6.61B
| $135M | 0.06% |
9,178,000
-2,862,700
| -24% | -$46.4M |
|
281
Caterpillar
CAT
$381B
| $135M | 0.06% |
1,682,116
+1,187,458
| +240% | +$98.7M |
|
|
X
282
PUT
DELISTED
US Steel
X
| $134M | 0.06% |
5,502,800
-383,900
| -7% | -$9.11M |
|
283
CALL
CF Industries
CF
$19.6B
| $134M | 0.06% |
2,357,000
-2,956,500
| -56% | -$176M |
|
|
BHI
284
PUT
DELISTED
Baker Hughes
BHI
| $134M | 0.06% |
2,102,300
+151,600
| +8% | +$9.15M |
|
|
MON
285
CALL
DELISTED
Monsanto Co
MON
| $134M | 0.06% |
1,187,000
-784,200
| -40% | -$93.2M |
|
286
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $133M | 0.06% |
6,008,600
+3,476,200
| +137% | +$80.3M |
|
287
PUT
GoPro
GPRO
$116M
| $133M | 0.06% |
3,064,900
-889,100
| -22% | -$41.9M |
|
288
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $133M | 0.06% |
4,239,500
-927,700
| -18% | -$31.5M |
|
289
PUT
MetLife
MET
$60B
| $133M | 0.06% |
2,946,821
+313,711
| +12% | +$14.1M |
|
290
CALL
Kinder Morgan
KMI
$69B
| $132M | 0.06% |
3,142,700
-3,803,100
| -55% | -$157M |
|
291
CALL
Invesco CurrencyShares Euro Currency Trust
FXE
$345M
| $131M | 0.06% |
1,242,300
+741,200
| +148% | +$82M |
|
|
292
PUT
CF Industries
CF
$19.6B
| $130M | 0.06% |
2,288,000
-625,500
| -21% | -$37.3M |
|
293
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $127M | 0.06% |
1,873,100
-463,000
| -20% | -$27.9M |
|
294
PUT
Cheniere Energy
LNG
$57.3B
| $127M | 0.06% |
1,639,700
-1,816,600
| -53% | -$136M |
|
|
ANDV
295
CALL
DELISTED
Andeavor
ANDV
| $127M | 0.06% |
1,389,700
+139,700
| +11% | +$11.7M |
|
296
PUT
American International
AIG
$39.8B
| $126M | 0.06% |
2,307,700
-1,293,300
| -36% | -$69.4M |
|
297
CALL
Humana
HUM
$45.5B
| $125M | 0.06% |
704,400
+269,200
| +62% | +$42.6M |
|
298
CALL
Philip Morris
PM
$293B
| $125M | 0.06% |
1,663,100
-106,300
| -6% | -$8.63M |
|
299
Visa
V
$693B
| $125M | 0.06% |
1,915,317
-994,879
| -34% | -$65.8M |
|
300
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $125M | 0.06% |
2,269,900
-672,000
| -23% | -$35M |
|
Similar funds
Jeff Yass's Q1 2015 Portfolio in Review
As of Q1 2015, Jeff Yass held 10,735 positions worth $220B, down 13% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass withdrew a net $35.6B in Q1 2015, closing 1,393 positions and reducing 4,492 holdings. Its most notable exit was RF MICRO DEVICES INC, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.5% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in AB InBev worth $97.4M.
- Jeff Yass's largest Q1 2015 buy was AB InBev: 798,828 shares worth $97.4M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $1.58B increase.
- Jeff Yass's biggest Q1 2015 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $456M.
- Jeff Yass fully exited RF MICRO DEVICES INC in Q1 2015, selling an estimated $38.3M.
- Jeff Yass's ten largest holdings make up 25% of its $220B portfolio in Q1 2015.
- Jeff Yass opened 1,178 new positions and closed 1,393 in Q1 2015.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $220B.
Based on Susquehanna International Group's 13F filing for Q1 2015, filed 15 May 2015.