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 | |
|---|---|---|---|---|---|---|
|
PARA
326
CALL
DELISTED
Paramount Global Class B
PARA
| $129M | 0.05% |
2,328,500
-178,000
| -7% | -$9.48M |
|
327
PUT
Yelp
YELP
$1.27B
| $129M | 0.05% |
2,350,400
-410,900
| -15% | -$24.3M |
|
328
PUT
Nike
NKE
$60.5B
| $128M | 0.05% |
2,660,400
-718,200
| -21% | -$33.7M |
|
329
CALL
GoPro
GPRO
$116M
| $128M | 0.05% |
2,019,500
+1,405,300
| +229% | +$104M |
|
330
PUT
Starbucks
SBUX
$122B
| $127M | 0.05% |
3,096,800
+141,400
| +5% | +$5.52M |
|
331
PUT
MetLife
MET
$60B
| $127M | 0.05% |
2,633,110
-151,357
| -5% | -$7.19M |
|
332
PUT
United Parcel Service
UPS
$86.8B
| $126M | 0.05% |
1,135,500
+287,700
| +34% | +$30.4M |
|
333
CALL
CVS Health
CVS
$119B
| $125M | 0.05% |
1,303,000
+225,800
| +21% | +$19.9M |
|
334
PUT
Under Armour
UAA
$2.32B
| $125M | 0.05% |
3,695,600
+108,200
| +3% | +$3.65M |
|
335
PUT
Vale
VALE
$62.1B
| $125M | 0.05% |
15,243,500
+377,800
| +3% | +$3.54M |
|
336
CALL
Tapestry
TPR
$26B
| $124M | 0.05% |
3,308,900
+1,492,700
| +82% | +$52.6M |
|
|
AFSI
337
PUT
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $124M | 0.05% |
4,415,000
-752,000
| -15% | -$18.9M |
|
338
Comcast
CMCSA
$95.3B
| $124M | 0.05% |
4,272,554
-1,715,182
| -29% | -$47M |
|
|
WFM
339
PUT
DELISTED
Whole Foods Market Inc
WFM
| $123M | 0.05% |
2,442,400
-1,007,400
| -29% | -$44.4M |
|
340
PUT
UnitedHealth
UNH
$350B
| $123M | 0.05% |
1,217,400
+133,700
| +12% | +$12.7M |
|
341
CALL
Salesforce
CRM
$171B
| $123M | 0.05% |
2,071,200
-504,400
| -20% | -$29.7M |
|
342
CALL
3D Systems Corp
DDD
$530M
| $122M | 0.05% |
3,721,950
+792,200
| +27% | +$28.6M |
|
343
McDonald's
MCD
$192B
| $122M | 0.05% |
1,305,155
-1,836,934
| -58% | -$172M |
|
|
344
CALL
UnitedHealth
UNH
$350B
| $122M | 0.05% |
1,206,500
-52,400
| -4% | -$4.97M |
|
345
PUT
AutoZone
AZO
$48.3B
| $121M | 0.05% |
196,200
-25,800
| -12% | -$14.5M |
|
346
PUT
RTX Corp
RTX
$283B
| $121M | 0.05% |
1,677,190
+431,891
| +35% | +$29.4M |
|
347
CALL
Marathon Petroleum
MPC
$101B
| $121M | 0.05% |
2,688,200
+324,600
| +14% | +$14.3M |
|
|
348
PUT
Tapestry
TPR
$26B
| $121M | 0.05% |
3,225,000
+719,600
| +29% | +$25.4M |
|
|
TWX
349
PUT
DELISTED
Time Warner Inc
TWX
| $121M | 0.05% |
1,417,900
-2,382,900
| -63% | -$190M |
|
350
PUT
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.74B
| $121M | 0.05% |
1,045,467
+875,967
| +517% | +$104M |
|
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.