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 |
Synchrony
SYF
|
+$683M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$485M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$394M |
| 4 |
Apple
AAPL
|
+$378M |
| 5 |
Bausch Health
BHC
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$805M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$603M |
| 3 |
GE Aerospace
GE
|
+$548M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$426M |
| 5 |
Gilead Sciences
GILD
|
+$313M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.05% |
| 2 | Financials | 2.16% |
| 3 | Consumer Discretionary | 1.64% |
| 4 | Communication Services | 1.43% |
| 5 | Healthcare | 1.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
CALL
RTX Corp
RTX
$283B
| $121M | 0.06% |
1,994,831
+505,302
| +34% | +$30.6M |
|
302
PUT
AutoZone
AZO
$48.3B
| $120M | 0.06% |
162,300
-24,600
| -13% | -$18.8M |
|
|
DD
303
PUT
DELISTED
Du Pont De Nemours E I
DD
| $119M | 0.05% |
1,785,600
+135,200
| +8% | +$8.59M |
|
304
Wells Fargo
WFC
$254B
| $119M | 0.05% |
2,184,711
+561,755
| +35% | +$30.5M |
|
305
PUT
Mondelez International
MDLZ
$82.3B
| $119M | 0.05% |
2,647,500
-754,600
| -22% | -$33.8M |
|
306
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $117M | 0.05% |
2,338,600
-1,177,900
| -33% | -$62.7M |
|
307
CALL
Morgan Stanley
MS
$336B
| $117M | 0.05% |
3,679,200
+832,500
| +29% | +$27.7M |
|
308
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $116M | 0.05% |
5,361,000
+3,345,000
| +166% | +$74.3M |
|
309
PUT
CVS Health
CVS
$119B
| $116M | 0.05% |
1,186,700
-155,500
| -12% | -$15.2M |
|
310
PUT
Trip.com Group
TCOM
$29B
| $116M | 0.05% |
2,501,600
-755,200
| -23% | -$34.5M |
|
311
CALL
iShares US Real Estate ETF
IYR
$4.62B
| $115M | 0.05% |
1,532,200
-142,600
| -9% | -$10.6M |
|
312
PUT
Equinix
EQIX
$105B
| $115M | 0.05% |
379,700
+59,800
| +19% | +$17.5M |
|
|
SNDK
313
CALL
DELISTED
SANDISK CORP
SNDK
| $115M | 0.05% |
1,508,200
-1,057,400
| -41% | -$77.4M |
|
314
PUT
Skyworks Solutions
SWKS
$10.1B
| $114M | 0.05% |
1,490,300
+142,400
| +11% | +$11.4M |
|
|
PXD
315
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $114M | 0.05% |
907,600
-348,800
| -28% | -$47.9M |
|
316
CALL
Bristol-Myers Squibb
BMY
$137B
| $113M | 0.05% |
1,649,300
-1,690,600
| -51% | -$112M |
|
317
CALL
United Airlines
UAL
$36.7B
| $113M | 0.05% |
1,979,700
-13,100
| -0.7% | -$756K |
|
318
CALL
Monster Beverage
MNST
$93.6B
| $113M | 0.05% |
9,063,600
+2,362,800
| +35% | +$28.5M |
|
|
PARA
319
CALL
DELISTED
Paramount Global Class B
PARA
| $112M | 0.05% |
2,369,200
+1,145,400
| +94% | +$53.7M |
|
320
PUT
Merck
MRK
$376B
| $112M | 0.05% |
2,214,214
-2,790,720
| -56% | -$141M |
|
321
Qualcomm
QCOM
$169B
| $111M | 0.05% |
2,218,366
-486,847
| -18% | -$26M |
|
322
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $111M | 0.05% |
436,305
+393,820
| +927% | +$102M |
|
323
Pfizer
PFE
$160B
| $111M | 0.05% |
3,618,263
+1,963,109
| +119% | +$61.8M |
|
324
CALL
EOG Resources
EOG
$80.3B
| $111M | 0.05% |
1,565,000
-225,600
| -13% | -$18.3M |
|
325
CALL
PepsiCo
PEP
$196B
| $110M | 0.05% |
1,102,000
-84,000
| -7% | -$8.38M |
|
Similar funds
Jeff Yass's Q4 2015 Portfolio in Review
As of Q4 2015, Jeff Yass held 10,716 positions worth $216B, down 6.4% from $231B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $26.7B in Q4 2015, closing 1,373 positions and reducing 4,567 holdings. Its most notable exit was Altera Corp, an estimated $97.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.9% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in Alphabet (Google) Class A worth $510M.
- Jeff Yass's largest Q4 2015 buy was Alphabet (Google) Class A: 13,098,340 shares worth $510M.
- Jeff Yass added most to Synchrony in Q4 2015, an estimated $683M increase.
- Jeff Yass's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $805M.
- Jeff Yass fully exited Altera Corp in Q4 2015, selling an estimated $97.3M.
- Jeff Yass's ten largest holdings make up 21% of its $216B portfolio in Q4 2015.
- Jeff Yass opened 1,138 new positions and closed 1,373 in Q4 2015.
- Jeff Yass's portfolio value fell 6.4% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q4 2015, filed 16 Feb 2016.