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 | |
|---|---|---|---|---|---|---|
|
ATVI
426
PUT
DELISTED
Activision Blizzard
ATVI
| $65.5M | 0.03% |
1,934,100
+765,200
| +65% | +$25.1M |
|
427
PUT
Dollar General
DG
$27.2B
| $65M | 0.03% |
759,800
+96,600
| +15% | +$7.31M |
|
428
CALL
International Paper
IP
$22B
| $65M | 0.03% |
1,673,021
-627,475
| -27% | -$21.9M |
|
429
Kinder Morgan
KMI
$69B
| $64.4M | 0.03% |
3,604,597
+558,451
| +18% | +$9.14M |
|
430
SLB Ltd
SLB
$79.9B
| $64.2M | 0.03% |
870,185
-441,119
| -34% | -$31M |
|
|
SNDK
431
CALL
DELISTED
SANDISK CORP
SNDK
| $64M | 0.03% |
840,900
-667,300
| -44% | -$48.1M |
|
432
SPDR Gold Trust
GLD
$154B
| $63.9M | 0.03% |
543,340
+161,157
| +42% | +$18.3M |
|
433
PUT
Medtronic
MDT
$119B
| $63.8M | 0.03% |
850,200
+282,900
| +50% | +$21.3M |
|
|
TWX
434
DELISTED
Time Warner Inc
TWX
| $62.8M | 0.03% |
865,956
+176,970
| +26% | +$12.2M |
|
|
HOT
435
CALL
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $62.8M | 0.03% |
752,600
-91,100
| -11% | -$6.22M |
|
436
CALL
Agnico Eagle Mines
AEM
$109B
| $62.7M | 0.03% |
1,735,300
+91,100
| +6% | +$2.99M |
|
437
CALL
PNC Financial Services
PNC
$97B
| $62.4M | 0.03% |
738,400
+218,000
| +42% | +$18.6M |
|
438
PUT
Newmont
NEM
$139B
| $62.3M | 0.03% |
2,342,900
+2,300
| +0.1% | +$53.2K |
|
439
CALL
US Bancorp
USB
$96.7B
| $62.3M | 0.03% |
1,534,000
-694,300
| -31% | -$27.7M |
|
|
EA
440
CALL
DELISTED
Electronic Arts
EA
| $62.1M | 0.03% |
940,100
-87,900
| -9% | -$5.61M |
|
441
Chevron
CVX
$403B
| $61.9M | 0.03% |
649,178
+178,332
| +38% | +$15.6M |
|
|
JOYY
442
PUT
JOYY Inc
JOYY
$3.71B
| $61.3M | 0.03% |
996,000
-339,400
| -25% | -$19.1M |
|
|
CMA
443
PUT
DELISTED
Comerica
CMA
| $61.3M | 0.03% |
1,619,800
+4,400
| +0.3% | +$159K |
|
444
PUT
Capri Holdings
CPRI
$1.55B
| $61.2M | 0.03% |
1,073,900
-936,000
| -47% | -$46.2M |
|
445
CALL
Expedia Group
EXPE
$38.6B
| $61.1M | 0.03% |
566,900
-602,900
| -52% | -$64.3M |
|
446
CALL
Alcoa
AA
$13.7B
| $60.8M | 0.03% |
2,642,447
-924,345
| -26% | -$18.8M |
|
447
CALL
Marriott International
MAR
$92.9B
| $60.4M | 0.03% |
847,900
+544,200
| +179% | +$35.6M |
|
448
CALL
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.37B
| $60.2M | 0.03% |
2,074,400
-259,000
| -11% | -$6.25M |
|
449
CALL
D.R. Horton
DHI
$41.5B
| $59.6M | 0.03% |
1,971,800
-1,195,700
| -38% | -$32.9M |
|
|
MBLY
450
PUT
DELISTED
Mobileye N.V.
MBLY
| $59.5M | 0.03% |
1,595,100
-971,600
| -38% | -$30.9M |
|
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.