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
|
+$1.29B |
| 2 |
DuPont de Nemours
DD
|
+$781M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$331M |
| 4 |
Walt Disney
DIS
|
+$311M |
| 5 |
NETSCOUT
NTCT
|
+$239M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$287M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$272M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$195M |
| 4 |
Alibaba
BABA
|
+$179M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$169M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.94% |
| 2 | Communication Services | 1.6% |
| 3 | Financials | 1.54% |
| 4 | Healthcare | 1.45% |
| 5 | Consumer Discretionary | 1.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
PUT
American International
AIG
$40.5B
| $110M | 0.05% |
1,931,700
-573,100
| -23% | -$35M |
|
352
Merck
MRK
$370B
| $109M | 0.05% |
2,310,149
+905,308
| +64% | +$48.1M |
|
353
CALL
ConocoPhillips
COP
$162B
| $108M | 0.05% |
2,254,600
+1,010,200
| +81% | +$51.4M |
|
|
354
iShares MSCI EAFE ETF
EFA
$79.8B
| $108M | 0.05% |
1,886,205
-2,739,710
| -59% | -$169M |
|
355
CALL
Under Armour
UAA
$2.32B
| $108M | 0.05% |
2,225,400
+1,098,200
| +97% | +$52.2M |
|
|
GMCR
356
PUT
DELISTED
KEURIG GREEN MTN INC
GMCR
| $107M | 0.05% |
2,049,000
-264,700
| -11% | -$16.3M |
|
357
CALL
CME Group
CME
$100B
| $106M | 0.05% |
1,147,500
+440,500
| +62% | +$41.9M |
|
358
PUT
Simon Property Group
SPG
$71.2B
| $106M | 0.05% |
578,000
+9,100
| +2% | +$1.67M |
|
359
PUT
Cummins
CMI
$79.1B
| $106M | 0.05% |
976,800
+451,900
| +86% | +$55.8M |
|
360
CALL
United Airlines
UAL
$36.7B
| $106M | 0.05% |
1,992,800
-1,805,200
| -48% | -$102M |
|
|
BHI
361
PUT
DELISTED
Baker Hughes
BHI
| $105M | 0.05% |
2,019,000
-55,800
| -3% | -$3.12M |
|
362
PUT
Lockheed Martin
LMT
$129B
| $105M | 0.05% |
505,900
-67,000
| -12% | -$13.6M |
|
|
ALXN
363
PUT
DELISTED
Alexion Pharmaceuticals
ALXN
| $105M | 0.05% |
668,800
-475,200
| -42% | -$86.7M |
|
|
APC
364
PUT
DELISTED
Anadarko Petroleum
APC
| $104M | 0.05% |
1,725,500
-765,700
| -31% | -$54.4M |
|
|
TWC
365
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $104M | 0.04% |
579,113
-158,737
| -22% | -$29.7M |
|
366
PUT
Trip.com Group
TCOM
$29B
| $103M | 0.04% |
3,256,800
+1,082,200
| +50% | +$37.6M |
|
367
CALL
HP
HPQ
$26.8B
| $103M | 0.04% |
8,840,369
+3,250,152
| +58% | +$42.2M |
|
368
CALL
Invesco CurrencyShares Euro Currency Trust
FXE
$361M
| $102M | 0.04% |
932,800
+3,700
| +0.4% | +$404K |
|
369
PUT
Valero Energy
VLO
$100B
| $102M | 0.04% |
1,699,600
+555,600
| +49% | +$35.3M |
|
|
GRA
370
CALL
DELISTED
W.R. Grace & Co.
GRA
| $102M | 0.04% |
1,096,500
+557,800
| +104% | +$55.3M |
|
371
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $102M | 0.04% |
2,745,200
+1,895,400
| +223% | +$72.8M |
|
|
SCTY
372
PUT
DELISTED
SolarCity Corporation
SCTY
| $102M | 0.04% |
2,384,300
+769,800
| +48% | +$38.7M |
|
|
ANDV
373
CALL
DELISTED
Andeavor
ANDV
| $102M | 0.04% |
1,046,500
+596,800
| +133% | +$58M |
|
374
PUT
Charter Communications
CHTR
$17.7B
| $101M | 0.04% |
575,600
+130,700
| +29% | +$23.9M |
|
375
CALL
lululemon athletica
LULU
$14B
| $101M | 0.04% |
1,989,400
-295,200
| -13% | -$18M |
|
Similar funds
Jeff Yass's Q3 2015 Portfolio in Review
As of Q3 2015, Jeff Yass held 11,075 positions worth $231B, down 1.7% from $235B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass deployed $20.5B of net new capital in Q3 2015, opening 1,028 new positions and adding to 4,038 existing holdings. Its largest new stake was PayPal: 1,385,778 shares worth $43M.
By sector, the portfolio is most concentrated in Technology at 2.9% of assets, down from 3.1% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $287M trimmed.
- Jeff Yass's largest Q3 2015 buy was PayPal: 1,385,778 shares worth $43M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2015, an estimated $1.29B increase.
- Jeff Yass's biggest Q3 2015 reduction was Meta Platforms (Facebook), cutting an estimated $287M.
- Jeff Yass fully exited CATAMARAN CORP COM STK (CDA) in Q3 2015, selling an estimated $41.7M.
- Jeff Yass's ten largest holdings make up 25% of its $231B portfolio in Q3 2015.
- Jeff Yass opened 1,028 new positions and closed 1,500 in Q3 2015.
- Jeff Yass's portfolio value fell 1.7% quarter-over-quarter to $231B.
Based on Susquehanna International Group's 13F filing for Q3 2015, filed 16 Nov 2015.