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 | |
|---|---|---|---|---|---|---|
326
PUT
Target
TGT
$75.1B
| $94.6M | 0.05% |
1,150,300
-998,100
| -46% | -$75.4M |
|
327
PUT
AB InBev
BUD
$155B
| $94.2M | 0.05% |
755,900
-1,404,300
| -65% | -$167M |
|
328
PUT
MetLife
MET
$60B
| $94M | 0.05% |
2,401,080
-1,008,341
| -30% | -$37.7M |
|
329
CALL
CVS Health
CVS
$119B
| $94M | 0.05% |
906,200
-178,300
| -16% | -$17.3M |
|
330
PUT
Las Vegas Sands
LVS
$30.5B
| $93.8M | 0.05% |
1,815,100
-1,168,600
| -39% | -$53.5M |
|
331
PUT
Kinder Morgan
KMI
$69B
| $93.8M | 0.05% |
5,251,300
-1,465,600
| -22% | -$24M |
|
332
Booking.com
BKNG
$158B
| $93.6M | 0.05% |
1,815,375
-3,260,450
| -64% | -$156M |
|
333
American Airlines Group
AAL
$9.15B
| $93.3M | 0.05% |
2,274,940
-1,155,459
| -34% | -$46.5M |
|
334
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $93.3M | 0.05% |
4
| – | – |
|
335
PUT
Trip.com Group
TCOM
$29B
| $93.2M | 0.05% |
2,105,700
-395,900
| -16% | -$16.6M |
|
|
PXD
336
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $93M | 0.05% |
660,600
-247,000
| -27% | -$30.6M |
|
337
PUT
Halliburton
HAL
$29.4B
| $92.4M | 0.05% |
2,587,100
-1,830,400
| -41% | -$59.7M |
|
338
PUT
Western Digital
WDC
$166B
| $92.1M | 0.05% |
2,580,644
+467,416
| +22% | +$16.7M |
|
339
General Motors
GM
$77.2B
| $91.8M | 0.05% |
2,919,641
-1,485,628
| -34% | -$44.7M |
|
340
CALL
Morgan Stanley
MS
$336B
| $91.5M | 0.05% |
3,657,300
-21,900
| -0.6% | -$559K |
|
341
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $91.3M | 0.05% |
2,475,900
-1,552,300
| -39% | -$60.1M |
|
342
PUT
Humana
HUM
$45.5B
| $90.5M | 0.05% |
494,600
-197,100
| -28% | -$34.2M |
|
343
CALL
First Solar
FSLR
$23B
| $90.4M | 0.05% |
1,321,000
-176,900
| -12% | -$11.9M |
|
344
BP
BP
$115B
| $89M | 0.05% |
3,504,857
-2,714,286
| -44% | -$68.5M |
|
345
Visteon
VC
$2.83B
| $88.3M | 0.05% |
1,109,848
-252,375
| -19% | -$19.9M |
|
346
CALL
Cummins
CMI
$80.9B
| $88.2M | 0.05% |
802,600
+477,500
| +147% | +$46.2M |
|
347
PUT
AutoZone
AZO
$48.3B
| $88M | 0.05% |
110,400
-51,900
| -32% | -$39.3M |
|
|
WBA
348
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $87.7M | 0.05% |
1,040,800
-8,138,100
| -89% | -$650M |
|
349
Teva Pharmaceuticals
TEVA
$43.5B
| $86.8M | 0.05% |
1,622,423
+1,387,478
| +591% | +$81.4M |
|
350
CALL
Skyworks Solutions
SWKS
$10.1B
| $86.7M | 0.05% |
1,113,200
-610,800
| -35% | -$41.4M |
|
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.