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 | |
|---|---|---|---|---|---|---|
|
MNDT
351
PUT
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $120M | 0.05% |
3,803,200
+300,900
| +9% | +$9.23M |
|
352
PUT
APA Corp
APA
$15.2B
| $120M | 0.05% |
1,914,700
+1,197,500
| +167% | +$85.2M |
|
|
TWX
353
CALL
DELISTED
Time Warner Inc
TWX
| $120M | 0.05% |
1,399,500
-369,700
| -21% | -$29.5M |
|
354
PUT
NOV
NOV
$7.28B
| $119M | 0.05% |
1,815,100
+510,400
| +39% | +$35.6M |
|
355
CALL
MGM Resorts International
MGM
$11B
| $119M | 0.05% |
5,543,600
+1,850,300
| +50% | +$40.2M |
|
|
SHPG
356
DELISTED
Shire pic
SHPG
| $118M | 0.05% |
556,212
+398,959
| +254% | +$84.6M |
|
357
CALL
Norfolk Southern
NSC
$78.8B
| $118M | 0.05% |
1,076,500
+245,600
| +30% | +$26.9M |
|
358
CF Industries
CF
$19.6B
| $118M | 0.05% |
2,164,245
-424,810
| -16% | -$22.4M |
|
|
ESRX
359
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $118M | 0.05% |
1,388,800
-625,100
| -31% | -$48.8M |
|
360
PUT
Alcoa
AA
$13.7B
| $117M | 0.05% |
3,081,065
+800,374
| +35% | +$31M |
|
361
PUT
Target
TGT
$75.1B
| $117M | 0.05% |
1,537,700
-566,600
| -27% | -$38.2M |
|
|
APC
362
DELISTED
Anadarko Petroleum
APC
| $116M | 0.05% |
1,410,404
-85,504
| -6% | -$7.45M |
|
|
B
363
PUT
Barrick Mining
B
$78.3B
| $116M | 0.05% |
10,750,200
+633,700
| +6% | +$7.81M |
|
|
364
PUT
MGM Resorts International
MGM
$11B
| $115M | 0.05% |
5,376,000
+1,986,700
| +59% | +$43.2M |
|
365
CALL
Texas Instruments
TXN
$241B
| $114M | 0.05% |
2,137,600
+399,200
| +23% | +$20.2M |
|
|
DISH
366
PUT
DELISTED
DISH Network Corp.
DISH
| $114M | 0.05% |
1,566,700
+63,100
| +4% | +$4.25M |
|
367
PUT
Devon Energy
DVN
$54B
| $114M | 0.05% |
1,862,600
+9,500
| +0.5% | +$576K |
|
368
CALL
Prudential Financial
PRU
$41.8B
| $114M | 0.05% |
1,257,700
+597,300
| +90% | +$51.3M |
|
369
CALL
Teva Pharmaceuticals
TEVA
$43.5B
| $112M | 0.04% |
1,949,900
-22,200
| -1% | -$1.24M |
|
370
PUT
Palo Alto Networks
PANW
$292B
| $111M | 0.04% |
5,453,400
+310,200
| +6% | +$5.72M |
|
371
CALL
Vale
VALE
$62.1B
| $111M | 0.04% |
13,600,200
+1,043,100
| +8% | +$9.77M |
|
|
MBLY
372
PUT
DELISTED
Mobileye N.V.
MBLY
| $111M | 0.04% |
2,731,500
+1,371,800
| +101% | +$64.4M |
|
373
PUT
First Solar
FSLR
$23B
| $111M | 0.04% |
2,481,600
-281,400
| -10% | -$14.3M |
|
374
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $110M | 0.04% |
418,200
-348,000
| -45% | -$89.1M |
|
|
LO
375
PUT
DELISTED
LORILLARD INC COM STK
LO
| $110M | 0.04% |
1,748,000
-466,300
| -21% | -$28.8M |
|
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.