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 | |
|---|---|---|---|---|---|---|
|
SCTY
301
PUT
DELISTED
SolarCity Corporation
SCTY
| $142M | 0.06% |
2,658,300
-1,139,600
| -30% | -$61.2M |
|
302
CALL
Eli Lilly
LLY
$1.12T
| $142M | 0.06% |
2,060,300
+549,600
| +36% | +$37.1M |
|
|
PARA
303
DELISTED
Paramount Global Class B
PARA
| $142M | 0.06% |
2,560,262
-298,385
| -10% | -$15.9M |
|
|
CHK
304
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $142M | 0.06% |
36,185
+11,755
| +48% | +$48.8M |
|
|
RSX
305
DELISTED
VanEck Russia ETF
RSX
| $141M | 0.06% |
9,627,282
+5,696,824
| +145% | +$112M |
|
306
PUT
Vodafone
VOD
$36.9B
| $141M | 0.06% |
4,112,800
+225,800
| +6% | +$7.61M |
|
307
Visteon
VC
$2.83B
| $141M | 0.06% |
1,314,921
+209,941
| +19% | +$20.3M |
|
|
SNDK
308
PUT
DELISTED
SANDISK CORP
SNDK
| $140M | 0.06% |
1,430,400
-731,000
| -34% | -$69.9M |
|
309
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $140M | 0.06% |
1,823,600
-4,920,200
| -73% | -$368M |
|
310
CALL
Union Pacific
UNP
$183B
| $140M | 0.06% |
1,174,400
+151,700
| +15% | +$17.4M |
|
311
Freeport-McMoran
FCX
$110B
| $139M | 0.06% |
5,959,598
+652,400
| +12% | +$18M |
|
312
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $138M | 0.05% |
2,442,800
+1,119,500
| +85% | +$61.5M |
|
|
ANDV
313
PUT
DELISTED
Andeavor
ANDV
| $136M | 0.05% |
1,831,200
+398,400
| +28% | +$28.1M |
|
314
PUT
Williams Companies
WMB
$86.2B
| $136M | 0.05% |
3,020,800
+1,453,900
| +93% | +$74.3M |
|
315
PUT
Best Buy
BBY
$18.1B
| $136M | 0.05% |
3,481,700
+689,700
| +25% | +$24.3M |
|
316
CALL
iShares Silver Trust
SLV
$33.8B
| $135M | 0.05% |
8,682,800
+1,922,900
| +28% | +$30.4M |
|
317
CALL
PepsiCo
PEP
$196B
| $135M | 0.05% |
1,430,200
+89,900
| +7% | +$8.62M |
|
318
CALL
C.H. Robinson
CHRW
$16.5B
| $135M | 0.05% |
1,804,500
-144,800
| -7% | -$10.3M |
|
319
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $135M | 0.05% |
2,733,888
+1,572,526
| +135% | +$82.1M |
|
320
CALL
Starbucks
SBUX
$122B
| $134M | 0.05% |
3,276,200
+836,800
| +34% | +$32.7M |
|
|
BEAV
321
CALL
DELISTED
B/E Aerospace Inc
BEAV
| $133M | 0.05% |
2,297,900
+1,939,945
| +542% | +$108M |
|
322
CALL
Costco
COST
$420B
| $133M | 0.05% |
935,800
-5,100
| -0.5% | -$693K |
|
323
CALL
State Street SPDR S&P Retail ETF
XRT
$491M
| $131M | 0.05% |
2,739,000
+1,577,000
| +136% | +$70.8M |
|
324
CALL
International Paper
IP
$22B
| $130M | 0.05% |
2,561,328
+97,997
| +4% | +$4.8M |
|
325
CALL
iShares MSCI Mexico ETF
EWW
$1.86B
| $129M | 0.05% |
2,178,400
+661,800
| +44% | +$42.5M |
|
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.