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
|
+$1.58B |
| 2 |
Bank of America
BAC
|
+$690M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$244M |
| 4 |
Coca-Cola
KO
|
+$222M |
| 5 |
United States Oil Fund
USO
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$456M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$433M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$341M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$318M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.99% |
| 2 | Financials | 1.89% |
| 3 | Consumer Discretionary | 1.86% |
| 4 | Healthcare | 1.5% |
| 5 | Energy | 1.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
Tesla
TSLA
$1.43T
| $871M | 0.4% |
69,174,000
-26,188,500
| -27% | -$354M |
|
|
27
PUT
United States Oil Fund
USO
$2.24B
| $808M | 0.37% |
5,998,275
+2,368,200
| +65% | +$341M |
|
28
CALL
Gilead Sciences
GILD
$181B
| $759M | 0.34% |
7,736,200
-4,422,000
| -36% | -$449M |
|
29
CALL
SPDR Gold Trust
GLD
$152B
| $752M | 0.34% |
6,618,020
+1,502,660
| +29% | +$176M |
|
|
30
Gilead Sciences
GILD
$181B
| $734M | 0.33% |
7,476,430
-609,624
| -8% | -$61.9M |
|
31
PUT
Citigroup
C
$221B
| $707M | 0.32% |
13,720,800
+69,400
| +0.5% | +$3.53M |
|
32
PUT
Boeing
BA
$169B
| $703M | 0.32% |
4,681,400
-46,000
| -1% | -$6.7M |
|
33
PUT
Intel
INTC
$476B
| $669M | 0.3% |
21,392,000
+4,714,400
| +28% | +$159M |
|
34
CALL
Goldman Sachs
GS
$303B
| $660M | 0.3% |
3,509,900
+1,113,500
| +46% | +$207M |
|
|
AGN
35
PUT
DELISTED
Allergan plc
AGN
| $657M | 0.3% |
2,208,600
+265,200
| +14% | +$75.6M |
|
|
TWTR
36
CALL
DELISTED
Twitter, Inc.
TWTR
| $646M | 0.29% |
12,898,900
+448,900
| +4% | +$19.9M |
|
|
37
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $614M | 0.28% |
4,697,300
+2,219,200
| +90% | +$290M |
|
|
38
PUT
Invesco QQQ Trust
QQQ
$486B
| $608M | 0.28% |
5,755,700
-7,040,200
| -55% | -$739M |
|
|
CELG
39
PUT
DELISTED
Celgene Corp
CELG
| $606M | 0.27% |
5,255,400
-21,800
| -0.4% | -$2.6M |
|
40
PUT
Micron Technology
MU
$1.09T
| $603M | 0.27% |
22,241,800
-1,771,300
| -7% | -$52.9M |
|
|
CELG
41
CALL
DELISTED
Celgene Corp
CELG
| $590M | 0.27% |
5,117,900
+553,500
| +12% | +$66.1M |
|
42
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $588M | 0.27% |
45,200,000
-15,925,000
| -26% | -$217M |
|
|
43
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $588M | 0.27% |
4,496,600
+1,094,700
| +32% | +$143M |
|
44
PUT
Biogen
BIIB
$32B
| $582M | 0.26% |
1,378,300
-138,900
| -9% | -$54.7M |
|
|
TWTR
45
PUT
DELISTED
Twitter, Inc.
TWTR
| $566M | 0.26% |
11,309,700
-2,337,700
| -17% | -$104M |
|
46
PUT
Procter & Gamble
PG
$336B
| $565M | 0.26% |
6,889,400
+3,908,800
| +131% | +$336M |
|
|
AGN
47
CALL
DELISTED
Allergan plc
AGN
| $560M | 0.25% |
1,881,300
+28,100
| +2% | +$8.01M |
|
48
CALL
AT&T
T
$173B
| $555M | 0.25% |
22,487,875
+477,302
| +2% | +$12.1M |
|
49
CALL
Walt Disney
DIS
$186B
| $552M | 0.25% |
5,265,000
+1,847,300
| +54% | +$186M |
|
|
50
Invesco QQQ Trust
QQQ
$486B
| $551M | 0.25% |
5,219,252
+2,323,758
| +80% | +$244M |
|
Similar funds
Jeff Yass's Q1 2015 Portfolio in Review
As of Q1 2015, Jeff Yass held 10,735 positions worth $220B, down 13% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass withdrew a net $35.6B in Q1 2015, closing 1,393 positions and reducing 4,492 holdings. Its most notable exit was RF MICRO DEVICES INC, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.5% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in AB InBev worth $97.4M.
- Jeff Yass's largest Q1 2015 buy was AB InBev: 798,828 shares worth $97.4M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $1.58B increase.
- Jeff Yass's biggest Q1 2015 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $456M.
- Jeff Yass fully exited RF MICRO DEVICES INC in Q1 2015, selling an estimated $38.3M.
- Jeff Yass's ten largest holdings make up 25% of its $220B portfolio in Q1 2015.
- Jeff Yass opened 1,178 new positions and closed 1,393 in Q1 2015.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $220B.
Based on Susquehanna International Group's 13F filing for Q1 2015, filed 15 May 2015.