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 |
Synchrony
SYF
|
+$683M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$485M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$394M |
| 4 |
Apple
AAPL
|
+$378M |
| 5 |
Bausch Health
BHC
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$805M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$603M |
| 3 |
GE Aerospace
GE
|
+$548M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$426M |
| 5 |
Gilead Sciences
GILD
|
+$313M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.05% |
| 2 | Financials | 2.16% |
| 3 | Consumer Discretionary | 1.64% |
| 4 | Communication Services | 1.43% |
| 5 | Healthcare | 1.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BHI
351
PUT
DELISTED
Baker Hughes
BHI
| $101M | 0.05% |
2,185,700
+166,700
| +8% | +$8.53M |
|
|
QIHU
352
CALL
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $100M | 0.05% |
1,380,100
-320,100
| -19% | -$20.2M |
|
353
PUT
Simon Property Group
SPG
$70.6B
| $100M | 0.05% |
516,200
-61,800
| -11% | -$12M |
|
354
PUT
Kinder Morgan
KMI
$69B
| $100M | 0.05% |
6,716,900
+3,254,700
| +94% | +$77.6M |
|
355
Baidu
BIDU
$31.6B
| $100M | 0.05% |
529,898
-802,660
| -60% | -$148M |
|
356
CALL
FedEx
FDX
$76.9B
| $100M | 0.05% |
671,600
-849,100
| -56% | -$131M |
|
357
CALL
Texas Instruments
TXN
$241B
| $99.7M | 0.05% |
1,818,600
+382,100
| +27% | +$21.3M |
|
|
APC
358
CALL
DELISTED
Anadarko Petroleum
APC
| $99.6M | 0.05% |
2,049,900
-252,400
| -11% | -$15.5M |
|
359
CALL
Costco
COST
$420B
| $99.5M | 0.05% |
616,400
-340,400
| -36% | -$53.8M |
|
360
CALL
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $99.5M | 0.05% |
1,987,100
-1,063,000
| -35% | -$56.6M |
|
|
ANDV
361
CALL
DELISTED
Andeavor
ANDV
| $99.2M | 0.05% |
941,100
-105,400
| -10% | -$11.4M |
|
|
ANDV
362
PUT
DELISTED
Andeavor
ANDV
| $99M | 0.05% |
939,100
-507,500
| -35% | -$54.7M |
|
363
CALL
First Solar
FSLR
$23B
| $98.8M | 0.05% |
1,497,900
+258,500
| +21% | +$14.5M |
|
364
PUT
Salesforce
CRM
$171B
| $98.6M | 0.05% |
1,257,400
-443,600
| -26% | -$34.6M |
|
365
CALL
3M
MMM
$92.3B
| $98.5M | 0.05% |
782,064
-668,445
| -46% | -$85.9M |
|
|
P
366
PUT
DELISTED
Pandora Media Inc
P
| $97.7M | 0.05% |
7,286,000
+1,089,100
| +18% | +$16.2M |
|
367
CALL
Norfolk Southern
NSC
$78.8B
| $97.4M | 0.05% |
1,151,500
+598,600
| +108% | +$51.2M |
|
368
CALL
Cigna
CI
$73.3B
| $96.4M | 0.04% |
659,000
+139,400
| +27% | +$19.2M |
|
369
PUT
Western Digital
WDC
$166B
| $95.9M | 0.04% |
2,113,228
+845,265
| +67% | +$43.2M |
|
370
Caterpillar
CAT
$381B
| $95.8M | 0.04% |
1,410,254
+762,359
| +118% | +$53.3M |
|
371
CALL
US Bancorp
USB
$96.7B
| $95.1M | 0.04% |
2,228,300
+530,900
| +31% | +$22.7M |
|
372
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $95.1M | 0.04% |
1,265,700
-3,773,300
| -75% | -$282M |
|
373
iShares MSCI ACWI ex US ETF
ACWX
$12.5B
| $95M | 0.04% |
2,398,309
+1,854,823
| +341% | +$75.9M |
|
374
American International
AIG
$39.8B
| $94.5M | 0.04% |
1,524,603
+210,330
| +16% | +$12.8M |
|
375
PUT
Altria Group
MO
$110B
| $94.5M | 0.04% |
1,622,800
+264,700
| +19% | +$15.3M |
|
Similar funds
Jeff Yass's Q4 2015 Portfolio in Review
As of Q4 2015, Jeff Yass held 10,716 positions worth $216B, down 6.4% from $231B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $26.7B in Q4 2015, closing 1,373 positions and reducing 4,567 holdings. Its most notable exit was Altera Corp, an estimated $97.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.9% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in Alphabet (Google) Class A worth $510M.
- Jeff Yass's largest Q4 2015 buy was Alphabet (Google) Class A: 13,098,340 shares worth $510M.
- Jeff Yass added most to Synchrony in Q4 2015, an estimated $683M increase.
- Jeff Yass's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $805M.
- Jeff Yass fully exited Altera Corp in Q4 2015, selling an estimated $97.3M.
- Jeff Yass's ten largest holdings make up 21% of its $216B portfolio in Q4 2015.
- Jeff Yass opened 1,138 new positions and closed 1,373 in Q4 2015.
- Jeff Yass's portfolio value fell 6.4% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q4 2015, filed 16 Feb 2016.