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 | |
|---|---|---|---|---|---|---|
276
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $112M | 0.06% |
2,177,500
-109,000
| -5% | -$5.66M |
|
277
PUT
PepsiCo
PEP
$196B
| $112M | 0.06% |
1,097,600
+173,100
| +19% | +$17.1M |
|
278
PUT
Blackrock
BLK
$179B
| $112M | 0.06% |
329,900
-36,000
| -10% | -$11.4M |
|
279
PUT
Visa
V
$693B
| $112M | 0.06% |
1,467,500
-1,724,100
| -54% | -$125M |
|
280
IBM
IBM
$222B
| $112M | 0.06% |
773,715
-291,274
| -27% | -$37.2M |
|
281
Netflix
NFLX
$331B
| $112M | 0.06% |
10,954,410
-4,235,700
| -28% | -$41.6M |
|
|
282
CALL
PepsiCo
PEP
$196B
| $112M | 0.06% |
1,089,600
-12,400
| -1% | -$1.23M |
|
283
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $112M | 0.06% |
3,602,836
+1,241,124
| +53% | +$36M |
|
284
PUT
Oracle
ORCL
$422B
| $111M | 0.06% |
2,718,700
+1,317,900
| +94% | +$48.8M |
|
285
PUT
3M
MMM
$92.3B
| $110M | 0.06% |
792,470
+202,364
| +34% | +$26M |
|
286
PUT
lululemon athletica
LULU
$13.7B
| $110M | 0.06% |
1,628,400
-1,706,600
| -51% | -$102M |
|
287
PUT
RTX Corp
RTX
$283B
| $110M | 0.06% |
1,746,311
+603,820
| +53% | +$35M |
|
288
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $110M | 0.06% |
4,426,400
+3,218,600
| +266% | +$74.3M |
|
289
CALL
American Express
AXP
$227B
| $109M | 0.06% |
1,777,700
+701,600
| +65% | +$40.8M |
|
290
Yum! Brands
YUM
$41.8B
| $108M | 0.06% |
1,843,730
+573,056
| +45% | +$30.1M |
|
|
291
PUT
American Express
AXP
$227B
| $108M | 0.06% |
1,754,500
-2,076,800
| -54% | -$121M |
|
292
CALL
Occidental Petroleum
OXY
$61.3B
| $108M | 0.06% |
1,573,900
+39,992
| +3% | +$2.68M |
|
293
CALL
Valero Energy
VLO
$100B
| $107M | 0.06% |
1,670,500
-215,100
| -11% | -$13.7M |
|
294
CALL
American International
AIG
$39.8B
| $107M | 0.06% |
1,974,000
-662,200
| -25% | -$35.8M |
|
295
PUT
Freeport-McMoran
FCX
$110B
| $106M | 0.06% |
10,273,500
-1,965,600
| -16% | -$13.8M |
|
|
296
PUT
American International
AIG
$39.8B
| $106M | 0.06% |
1,964,300
-31,300
| -2% | -$1.69M |
|
297
Bausch Health
BHC
$2.41B
| $106M | 0.06% |
4,022,360
+1,476,259
| +58% | +$109M |
|
298
CALL
Herbalife
HLF
$1.33B
| $106M | 0.06% |
3,436,000
+384,800
| +13% | +$9.93M |
|
299
PUT
Micron Technology
MU
$1.09T
| $105M | 0.06% |
10,063,300
-5,115,900
| -34% | -$57.2M |
|
|
300
CALL
lululemon athletica
LULU
$13.7B
| $105M | 0.06% |
1,555,800
-1,821,900
| -54% | -$109M |
|
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.