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 | |
|---|---|---|---|---|---|---|
301
PUT
American Airlines Group
AAL
$9.15B
| $105M | 0.06% |
2,552,300
-2,480,600
| -49% | -$99.8M |
|
302
PUT
Delta Air Lines
DAL
$54.2B
| $104M | 0.06% |
2,134,200
-1,197,300
| -36% | -$55.9M |
|
|
MON
303
PUT
DELISTED
Monsanto Co
MON
| $103M | 0.06% |
1,177,400
-1,603,500
| -58% | -$145M |
|
304
CALL
Halliburton
HAL
$29.4B
| $103M | 0.05% |
2,883,700
-3,109,100
| -52% | -$101M |
|
305
PUT
Valero Energy
VLO
$100B
| $103M | 0.05% |
1,599,900
-233,400
| -13% | -$14.8M |
|
306
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $103M | 0.05% |
2,030,400
+314,300
| +18% | +$12.6M |
|
307
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $102M | 0.05% |
1,313,300
+47,600
| +4% | +$3.45M |
|
308
Tesla
TSLA
$1.43T
| $102M | 0.05% |
6,673,260
+4,791,900
| +255% | +$63M |
|
309
CALL
Honeywell
HON
$68.4B
| $102M | 0.05% |
1,010,175
-85,915
| -8% | -$8.05M |
|
310
PUT
Bristol-Myers Squibb
BMY
$137B
| $101M | 0.05% |
1,585,100
-851,200
| -35% | -$53.7M |
|
311
CALL
Blackrock
BLK
$179B
| $101M | 0.05% |
296,500
+131,200
| +79% | +$41.6M |
|
312
CALL
Blackstone
BX
$108B
| $101M | 0.05% |
3,594,800
+1,497,100
| +71% | +$39.5M |
|
313
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $99.9M | 0.05% |
2,285,000
-53,600
| -2% | -$2.37M |
|
|
TWTR
314
CALL
DELISTED
Twitter, Inc.
TWTR
| $99.8M | 0.05% |
6,028,200
-17,012,800
| -74% | -$298M |
|
315
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $99.5M | 0.05% |
1,793,800
-160,400
| -8% | -$8.29M |
|
316
Biogen
BIIB
$32B
| $99.2M | 0.05% |
381,194
-89,451
| -19% | -$23.6M |
|
|
317
CALL
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $98.5M | 0.05% |
2,252,900
+265,800
| +13% | +$11.7M |
|
318
Olin
OLN
$2.1B
| $98.1M | 0.05% |
5,646,350
-2,546,885
| -31% | -$39.4M |
|
|
APC
319
PUT
DELISTED
Anadarko Petroleum
APC
| $96.8M | 0.05% |
2,078,200
+344,600
| +20% | +$14M |
|
320
CALL
AutoZone
AZO
$48.3B
| $96.5M | 0.05% |
121,100
-81,900
| -40% | -$62M |
|
|
ESRX
321
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $96.5M | 0.05% |
1,404,200
-77,100
| -5% | -$5.54M |
|
322
Petrobras Class A
PBR.A
$111B
| $96.4M | 0.05% |
21,285,613
+4,325,441
| +26% | +$13M |
|
323
CALL
Macy's
M
$6B
| $96.2M | 0.05% |
2,181,500
-24,700
| -1% | -$1.02M |
|
324
PUT
Alcoa
AA
$13.7B
| $95.2M | 0.05% |
4,136,829
+580,441
| +16% | +$11.8M |
|
325
PUT
Mastercard
MA
$509B
| $94.9M | 0.05% |
1,004,600
-1,587,800
| -61% | -$140M |
|
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.