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 | |
|---|---|---|---|---|---|---|
401
CALL
Aflac
AFL
$58.2B
| $72.2M | 0.04% |
2,288,400
+767,600
| +50% | +$22.8M |
|
|
ESRX
402
CALL
DELISTED
Express Scripts Holding Company
ESRX
| $71.9M | 0.04% |
1,047,400
-1,009,800
| -49% | -$72.6M |
|
403
PUT
HCA Healthcare
HCA
$92.9B
| $70.7M | 0.04% |
906,100
-1,042,300
| -53% | -$72.8M |
|
|
TWC
404
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $70.4M | 0.04% |
344,168
+279,899
| +436% | +$52.9M |
|
405
CALL
Ford
F
$57.5B
| $69.8M | 0.04% |
5,171,200
+1,447,600
| +39% | +$18.2M |
|
406
PepsiCo
PEP
$196B
| $69.8M | 0.04% |
680,720
+181,026
| +36% | +$17.9M |
|
407
CALL
MetLife
MET
$60B
| $69.7M | 0.04% |
1,778,931
-1,247,888
| -41% | -$46.6M |
|
408
PUT
Invesco CurrencyShares British Pound Sterling Trust
FXB
$65.6M
| $69.3M | 0.04% |
492,800
+464,100
| +1,617% | +$65M |
|
409
PUT
NXP Semiconductors
NXPI
$56.9B
| $69M | 0.04% |
850,500
-794,200
| -48% | -$59.2M |
|
410
CALL
APA Corp
APA
$15.2B
| $68.9M | 0.04% |
1,411,400
+543,100
| +63% | +$22.6M |
|
411
PUT
Constellation Brands
STZ
$23.2B
| $68.6M | 0.04% |
454,000
+176,400
| +64% | +$25.5M |
|
412
PUT
Prudential Financial
PRU
$41.8B
| $68.5M | 0.04% |
949,000
+102,100
| +12% | +$7.12M |
|
413
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $68.5M | 0.04% |
3,058,400
-2,302,600
| -43% | -$47.7M |
|
|
VMW
414
CALL
DELISTED
VMware, Inc
VMW
| $67.6M | 0.04% |
1,291,600
+415,500
| +47% | +$20.6M |
|
|
DD
415
PUT
DELISTED
Du Pont De Nemours E I
DD
| $67.4M | 0.04% |
1,065,200
-720,400
| -40% | -$43.1M |
|
416
CALL
State Street SPDR S&P Retail ETF
XRT
$491M
| $67.4M | 0.04% |
1,460,200
+812,600
| +125% | +$34.5M |
|
417
CALL
Accenture
ACN
$113B
| $67.4M | 0.04% |
584,200
+131,300
| +29% | +$13.5M |
|
418
CALL
Ulta Beauty
ULTA
$22.4B
| $67.3M | 0.04% |
347,600
-54,200
| -13% | -$9.44M |
|
|
CHK
419
CALL
DELISTED
Chesapeake Energy Corporation
CHK
| $67.3M | 0.04% |
81,620
+32,013
| +65% | +$22.7M |
|
|
WFM
420
PUT
DELISTED
Whole Foods Market Inc
WFM
| $66.5M | 0.04% |
2,138,600
-384,600
| -15% | -$12M |
|
|
CHK
421
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $66.2M | 0.04% |
80,339
+15,509
| +24% | +$11M |
|
422
AB InBev
BUD
$155B
| $66.1M | 0.04% |
530,346
+502,154
| +1,781% | +$59.6M |
|
423
CALL
Helmerich & Payne
HP
$4.35B
| $65.9M | 0.04% |
1,122,900
+703,400
| +168% | +$37.2M |
|
424
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$345M
| $65.8M | 0.04% |
592,100
-822,400
| -58% | -$88.8M |
|
425
CALL
Humana
HUM
$45.5B
| $65.8M | 0.04% |
359,600
-78,700
| -18% | -$13.7M |
|
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.