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 | |
|---|---|---|---|---|---|---|
376
CALL
eBay
EBAY
$46.3B
| $79.4M | 0.04% |
3,327,500
-1,561,300
| -32% | -$38M |
|
377
PUT
Philip Morris
PM
$293B
| $79.1M | 0.04% |
806,700
+114,700
| +17% | +$10.5M |
|
|
B
378
PUT
Barrick Mining
B
$78.3B
| $79M | 0.04% |
5,818,800
-2,333,000
| -29% | -$27.1M |
|
379
CALL
Dollar Tree
DLTR
$25.3B
| $78.9M | 0.04% |
956,400
+253,400
| +36% | +$20M |
|
380
United Parks & Resorts
PRKS
$2.06B
| $78.7M | 0.04% |
3,737,014
+1,785,684
| +92% | +$33.4M |
|
381
PUT
Campbell Soup
CPB
$7.14B
| $78.5M | 0.04% |
1,231,100
+968,700
| +369% | +$56.9M |
|
382
PUT
Altria Group
MO
$110B
| $77.8M | 0.04% |
1,242,100
-380,700
| -23% | -$23M |
|
383
PUT
Cisco
CSCO
$438B
| $77.5M | 0.04% |
2,722,100
-2,181,500
| -44% | -$56.1M |
|
|
PARA
384
PUT
DELISTED
Paramount Global Class B
PARA
| $77.4M | 0.04% |
1,405,600
-357,200
| -20% | -$17.4M |
|
385
CALL
BP
BP
$115B
| $77.3M | 0.04% |
3,042,671
+521,513
| +21% | +$13.2M |
|
386
PUT
Illumina
ILMN
$33.1B
| $77M | 0.04% |
488,300
+82,343
| +20% | +$12.6M |
|
387
Alibaba
BABA
$286B
| $76.4M | 0.04% |
967,048
-2,019,026
| -68% | -$142M |
|
388
CALL
Cigna
CI
$73.3B
| $76.3M | 0.04% |
556,300
-102,700
| -16% | -$14.1M |
|
389
CALL
Freeport-McMoran
FCX
$110B
| $76.3M | 0.04% |
7,382,900
+1,713,000
| +30% | +$12M |
|
390
PUT
United Airlines
UAL
$36.7B
| $76.1M | 0.04% |
1,272,100
-619,400
| -33% | -$32.9M |
|
391
Charter Communications
CHTR
$17.9B
| $75.9M | 0.04% |
375,169
+306,293
| +445% | +$55M |
|
|
SHPG
392
CALL
DELISTED
Shire pic
SHPG
| $75.8M | 0.04% |
440,900
+346,500
| +367% | +$58M |
|
393
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $75.6M | 0.04% |
3,372,600
+2,465,800
| +272% | +$51.1M |
|
394
CALL
Simon Property Group
SPG
$70.6B
| $74.3M | 0.04% |
357,900
+80,800
| +29% | +$15.5M |
|
|
395
CALL
United Airlines
UAL
$36.7B
| $73.7M | 0.04% |
1,231,000
-748,700
| -38% | -$39.8M |
|
396
PUT
Occidental Petroleum
OXY
$61.3B
| $73.3M | 0.04% |
1,070,800
+309,906
| +41% | +$20.8M |
|
397
iShares US Real Estate ETF
IYR
$4.62B
| $72.8M | 0.04% |
935,585
+295,615
| +46% | +$21.5M |
|
|
EMC
398
PUT
DELISTED
EMC CORPORATION
EMC
| $72.8M | 0.04% |
2,730,100
+211,200
| +8% | +$5.35M |
|
399
PUT
Cummins
CMI
$80.9B
| $72.5M | 0.04% |
659,500
-125,100
| -16% | -$12.1M |
|
400
JPMorgan Chase
JPM
$935B
| $72.4M | 0.04% |
1,222,492
+315,025
| +35% | +$18.4M |
|
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.