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 |
Alphabet (Google) Class C
GOOG
|
+$726M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$599M |
| 3 |
Apple
AAPL
|
+$578M |
| 4 |
Meta Platforms (Facebook)
META
|
+$328M |
| 5 |
American Airlines Group
AAL
|
+$317M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.17B |
| 2 |
Gilead Sciences
GILD
|
+$392M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$285M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$225M |
| 5 |
Intel
INTC
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.09% |
| 2 | Consumer Discretionary | 2.15% |
| 3 | Financials | 1.67% |
| 4 | Healthcare | 1.64% |
| 5 | Communication Services | 1.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Alphabet (Google) Class C
GOOG
$4.18T
| $906M | 0.39% |
34,345,160
+27,098,880
| +374% | +$726M |
|
|
27
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $900M | 0.38% |
22,710,300
-1,588,500
| -7% | -$66.4M |
|
28
CALL
Goldman Sachs
GS
$303B
| $897M | 0.38% |
4,297,700
+787,800
| +22% | +$161M |
|
29
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $837M | 0.36% |
7,123,100
+2,425,800
| +52% | +$298M |
|
|
30
CALL
Gilead Sciences
GILD
$181B
| $768M | 0.33% |
6,558,000
-1,178,200
| -15% | -$129M |
|
|
31
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $759M | 0.32% |
19,162,500
+8,843,200
| +86% | +$370M |
|
32
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $756M | 0.32% |
16,389,200
+9,526,700
| +139% | +$472M |
|
33
PUT
Citigroup
C
$221B
| $740M | 0.31% |
13,388,000
-332,800
| -2% | -$18.1M |
|
34
CALL
Walt Disney
DIS
$186B
| $710M | 0.3% |
6,219,500
+954,500
| +18% | +$105M |
|
35
iShares Russell 2000 ETF
IWM
$81.9B
| $706M | 0.3% |
5,655,039
+1,647,465
| +41% | +$206M |
|
|
TWTR
36
CALL
DELISTED
Twitter, Inc.
TWTR
| $692M | 0.29% |
19,105,600
+6,206,700
| +48% | +$254M |
|
37
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $677M | 0.29% |
10,620,500
+4,914,700
| +86% | +$327M |
|
38
PUT
Biogen
BIIB
$32B
| $662M | 0.28% |
1,639,400
+261,100
| +19% | +$105M |
|
|
TWTR
39
PUT
DELISTED
Twitter, Inc.
TWTR
| $646M | 0.27% |
17,837,600
+6,527,900
| +58% | +$267M |
|
|
40
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $627M | 0.27% |
15,835,629
+14,325,368
| +949% | +$599M |
|
|
41
CALL
Invesco QQQ Trust
QQQ
$486B
| $623M | 0.26% |
5,823,100
+1,004,100
| +21% | +$109M |
|
42
PUT
Boeing
BA
$169B
| $618M | 0.26% |
4,455,300
-226,100
| -5% | -$33M |
|
|
43
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $618M | 0.26% |
5,259,900
+763,300
| +17% | +$93.7M |
|
|
44
PUT
Invesco QQQ Trust
QQQ
$486B
| $585M | 0.25% |
5,461,700
-294,000
| -5% | -$32M |
|
45
CALL
Kinder Morgan
KMI
$69B
| $576M | 0.24% |
15,011,100
+11,868,400
| +378% | +$495M |
|
46
CALL
ExxonMobil
XOM
$679B
| $570M | 0.24% |
6,848,000
+579,000
| +9% | +$49.8M |
|
47
Alibaba
BABA
$286B
| $569M | 0.24% |
6,920,560
+936,754
| +16% | +$80.5M |
|
|
48
Meta Platforms (Facebook)
META
$1.4T
| $569M | 0.24% |
6,630,827
+4,022,123
| +154% | +$328M |
|
49
PUT
United States Oil Fund
USO
$2.24B
| $565M | 0.24% |
3,551,538
-2,446,737
| -41% | -$389M |
|
50
CALL
JPMorgan Chase
JPM
$935B
| $550M | 0.23% |
8,117,200
+2,861,700
| +54% | +$187M |
|
Similar funds
Jeff Yass's Q2 2015 Portfolio in Review
As of Q2 2015, Jeff Yass held 10,941 positions worth $235B, up 6.8% from $220B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $12.9B of net new capital in Q2 2015, opening 1,599 new positions and adding to 4,693 existing holdings. Its largest new stake was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.17B trimmed.
- Jeff Yass's largest Q2 2015 buy was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
- Jeff Yass added most to Alphabet (Google) Class C in Q2 2015, an estimated $726M increase.
- Jeff Yass's biggest Q2 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.17B.
- Jeff Yass fully exited ACTAVIS PLC Pfd Conv Ser A (Irl) in Q2 2015, selling an estimated $41.7M.
- Jeff Yass's ten largest holdings make up 24% of its $235B portfolio in Q2 2015.
- Jeff Yass opened 1,599 new positions and closed 888 in Q2 2015.
- Jeff Yass's portfolio value rose 6.8% quarter-over-quarter to $235B.
Based on Susquehanna International Group's 13F filing for Q2 2015, filed 14 Aug 2015.