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 | |
|---|---|---|---|---|---|---|
301
PUT
lululemon athletica
LULU
$13.7B
| $125M | 0.06% |
1,952,500
-1,324,800
| -40% | -$84.9M |
|
|
MNDT
302
PUT
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $125M | 0.06% |
3,178,100
-625,100
| -16% | -$24.2M |
|
303
PUT
Zillow
ZG
$8.27B
| $124M | 0.06% |
3,704,100
+785,400
| +27% | +$27.7M |
|
304
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.6B
| $124M | 0.06% |
1,643,400
+305,100
| +23% | +$21.3M |
|
305
CALL
Capri Holdings
CPRI
$1.55B
| $123M | 0.06% |
1,873,000
-690,600
| -27% | -$47.4M |
|
|
ICPT
306
CALL
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $122M | 0.06% |
434,100
+244,400
| +129% | +$52.9M |
|
307
PUT
Tapestry
TPR
$26B
| $122M | 0.06% |
2,949,300
-275,700
| -9% | -$11M |
|
308
PUT
Yum! Brands
YUM
$41.8B
| $121M | 0.06% |
2,145,618
+829,593
| +63% | +$45.3M |
|
|
TWC
309
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $120M | 0.05% |
802,097
+261,796
| +48% | +$39M |
|
310
PUT
AB InBev
BUD
$155B
| $119M | 0.05% |
979,400
+790,000
| +417% | +$95.4M |
|
311
Invesco CurrencyShares Euro Currency Trust
FXE
$345M
| $119M | 0.05% |
1,129,387
+493,104
| +77% | +$54.6M |
|
|
312
CALL
Zillow
ZG
$8.27B
| $119M | 0.05% |
3,565,500
+599,400
| +20% | +$21.2M |
|
313
CALL
Salesforce
CRM
$171B
| $119M | 0.05% |
1,784,000
-287,200
| -14% | -$17.8M |
|
|
RAI
314
PUT
DELISTED
Reynolds American Inc
RAI
| $119M | 0.05% |
3,450,400
+2,151,400
| +166% | +$75.4M |
|
315
CALL
BP
BP
$115B
| $119M | 0.05% |
3,659,038
-4,151,127
| -53% | -$136M |
|
316
PUT
Home Depot
HD
$335B
| $118M | 0.05% |
1,036,900
-415,600
| -29% | -$45.8M |
|
317
Qualcomm
QCOM
$169B
| $118M | 0.05% |
1,696,352
+662,234
| +64% | +$46.7M |
|
318
General Motors
GM
$77.2B
| $118M | 0.05% |
3,134,724
-5,164,867
| -62% | -$188M |
|
|
MNK
319
PUT
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $117M | 0.05% |
926,800
-1,448,300
| -61% | -$166M |
|
320
PUT
RTX Corp
RTX
$283B
| $117M | 0.05% |
1,582,167
-95,023
| -6% | -$7.1M |
|
321
PUT
Blackrock
BLK
$179B
| $116M | 0.05% |
316,900
-143,100
| -31% | -$51.9M |
|
|
MBLY
322
CALL
DELISTED
Mobileye N.V.
MBLY
| $116M | 0.05% |
2,753,700
+1,274,500
| +86% | +$49.6M |
|
323
CALL
Costco
COST
$420B
| $116M | 0.05% |
763,500
-172,300
| -18% | -$25.3M |
|
324
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.86B
| $115M | 0.05% |
557,975
-843,600
| -60% | -$164M |
|
325
CALL
3D Systems Corp
DDD
$530M
| $115M | 0.05% |
4,195,600
+473,650
| +13% | +$13.9M |
|
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.