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
|
+$1.22B |
| 2 |
Alibaba
BABA
|
+$408M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$292M |
| 4 |
Gilead Sciences
GILD
|
+$218M |
| 5 |
Ford
F
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.37B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$1.18B |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$619M |
| 4 |
Bank of America
BAC
|
+$487M |
| 5 |
Booking.com
BKNG
|
+$406M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.53% |
| 2 | Consumer Discretionary | 2.02% |
| 3 | Financials | 1.63% |
| 4 | Healthcare | 1.38% |
| 5 | Energy | 1.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Netflix
NFLX
$331B
| $991M | 0.39% |
203,070,000
+11,242,000
| +6% | +$60.4M |
|
|
YHOO
27
PUT
DELISTED
Yahoo Inc
YHOO
| $968M | 0.38% |
19,161,400
-14,020,500
| -42% | -$660M |
|
28
PUT
Micron Technology
MU
$1.09T
| $841M | 0.33% |
24,013,100
+5,086,400
| +27% | +$168M |
|
29
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $837M | 0.33% |
61,125,000
+3,100,000
| +5% | +$40.6M |
|
|
30
iShares Russell 2000 ETF
IWM
$81.9B
| $818M | 0.32% |
6,837,639
-10,356,082
| -60% | -$1.18B |
|
31
CALL
Invesco QQQ Trust
QQQ
$486B
| $800M | 0.32% |
7,753,000
-4,736,700
| -38% | -$479M |
|
|
32
CALL
Micron Technology
MU
$1.09T
| $793M | 0.31% |
22,663,800
+2,918,900
| +15% | +$96.6M |
|
|
33
Gilead Sciences
GILD
$181B
| $762M | 0.3% |
8,086,054
+2,108,925
| +35% | +$218M |
|
34
PUT
Citigroup
C
$221B
| $739M | 0.29% |
13,651,400
-2,937,500
| -18% | -$156M |
|
35
CALL
Intel
INTC
$476B
| $729M | 0.29% |
20,082,400
+3,557,800
| +22% | +$124M |
|
|
36
CALL
Netflix
NFLX
$331B
| $719M | 0.29% |
147,336,000
-46,165,000
| -24% | -$248M |
|
|
37
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $711M | 0.28% |
18,092,400
-4,333,600
| -19% | -$176M |
|
|
38
PUT
Ford
F
$57.5B
| $691M | 0.27% |
44,607,200
+15,165,400
| +52% | +$223M |
|
|
YHOO
39
DELISTED
Yahoo Inc
YHOO
| $690M | 0.27% |
13,668,194
-13,152,126
| -49% | -$619M |
|
|
40
CALL
Bank of America
BAC
$431B
| $663M | 0.26% |
37,080,800
+13,797,200
| +59% | +$236M |
|
41
CALL
Procter & Gamble
PG
$336B
| $645M | 0.26% |
7,082,900
-2,104,000
| -23% | -$185M |
|
42
CALL
United Parcel Service
UPS
$86.8B
| $638M | 0.25% |
5,741,300
-70,200
| -1% | -$7.41M |
|
43
PUT
General Motors
GM
$77.2B
| $637M | 0.25% |
18,240,200
-1,656,800
| -8% | -$52.9M |
|
|
44
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $624M | 0.25% |
15,885,900
-10,407,000
| -40% | -$423M |
|
45
PUT
Goldman Sachs
GS
$303B
| $620M | 0.25% |
3,199,200
-309,600
| -9% | -$58.2M |
|
46
PUT
JPMorgan Chase
JPM
$935B
| $619M | 0.25% |
9,895,400
-246,300
| -2% | -$14.8M |
|
47
Alphabet (Google) Class C
GOOG
$4.18T
| $617M | 0.24% |
23,396,459
+385,114
| +2% | +$10.3M |
|
|
VXX
48
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $615M | 0.24% |
1,219,150
-165,481
| -12% | -$81.3M |
|
49
PUT
Boeing
BA
$169B
| $614M | 0.24% |
4,727,400
-1,029,500
| -18% | -$131M |
|
50
PUT
SPDR Gold Trust
GLD
$152B
| $612M | 0.24% |
5,387,800
+661,860
| +14% | +$76.4M |
|
Similar funds
Jeff Yass's Q4 2014 Portfolio in Review
As of Q4 2014, Jeff Yass held 10,737 positions worth $252B, down 3% from $260B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass withdrew a net $10.2B in Q4 2014, closing 1,178 positions and reducing 4,352 holdings. Its most notable exit was Bausch Health, an estimated $68.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, up from 2.2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Northern Trust Morningstar Global Upstream Natural Resources ETF worth $31M.
- Jeff Yass's largest Q4 2014 buy was Northern Trust Morningstar Global Upstream Natural Resources ETF: 1,011,289 shares worth $31M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q4 2014, an estimated $1.22B increase.
- Jeff Yass's biggest Q4 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.37B.
- Jeff Yass fully exited Bausch Health in Q4 2014, selling an estimated $68.9M.
- Jeff Yass's ten largest holdings make up 23% of its $252B portfolio in Q4 2014.
- Jeff Yass opened 1,370 new positions and closed 1,178 in Q4 2014.
- Jeff Yass's portfolio value fell 3% quarter-over-quarter to $252B.
Based on Susquehanna International Group's 13F filing for Q4 2014, filed 17 Feb 2015.