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
|
+$1.29B |
| 2 |
DuPont de Nemours
DD
|
+$781M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$331M |
| 4 |
Walt Disney
DIS
|
+$311M |
| 5 |
NETSCOUT
NTCT
|
+$239M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$287M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$272M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$195M |
| 4 |
Alibaba
BABA
|
+$179M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$169M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.94% |
| 2 | Communication Services | 1.6% |
| 3 | Financials | 1.54% |
| 4 | Healthcare | 1.45% |
| 5 | Consumer Discretionary | 1.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Alphabet (Google) Class C
GOOG
$4.18T
| $870M | 0.38% |
28,014,940
-6,330,220
| -18% | -$195M |
|
27
Bank of America
BAC
$431B
| $850M | 0.37% |
54,572,331
-8,248,851
| -13% | -$139M |
|
|
28
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $848M | 0.37% |
6,865,800
+1,605,900
| +31% | +$195M |
|
|
29
PUT
Alibaba
BABA
$286B
| $813M | 0.35% |
13,783,700
-2,915,100
| -17% | -$212M |
|
30
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $810M | 0.35% |
24,724,800
+5,562,300
| +29% | +$196M |
|
31
CALL
SPDR Gold Trust
GLD
$152B
| $810M | 0.35% |
7,581,940
+4,079,880
| +116% | +$440M |
|
32
CALL
ExxonMobil
XOM
$679B
| $784M | 0.34% |
10,538,500
+3,690,500
| +54% | +$284M |
|
|
33
PUT
Walt Disney
DIS
$186B
| $768M | 0.33% |
7,510,200
+4,208,200
| +127% | +$458M |
|
34
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $766M | 0.33% |
21,606,700
+5,217,500
| +32% | +$203M |
|
35
CALL
Gilead Sciences
GILD
$181B
| $754M | 0.33% |
7,673,900
+1,115,900
| +17% | +$124M |
|
|
36
DuPont de Nemours
DD
$18.7B
| $747M | 0.32% |
6,956,949
+6,743,220
| +3,155% | +$781M |
|
37
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $711M | 0.31% |
49,340,000
+4,075,000
| +9% | +$57.9M |
|
38
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $703M | 0.3% |
4,324,800
+1,528,100
| +55% | +$261M |
|
|
39
CALL
Walt Disney
DIS
$186B
| $693M | 0.3% |
6,781,500
+562,000
| +9% | +$61.2M |
|
|
40
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $685M | 0.3% |
19,319,600
+8,270,300
| +75% | +$321M |
|
41
PUT
Johnson & Johnson
JNJ
$651B
| $677M | 0.29% |
7,257,000
+3,361,200
| +86% | +$325M |
|
42
PUT
Boeing
BA
$169B
| $662M | 0.29% |
5,052,300
+597,000
| +13% | +$82.8M |
|
43
CALL
Goldman Sachs
GS
$303B
| $657M | 0.28% |
3,779,200
-518,500
| -12% | -$102M |
|
|
VXX
44
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $645M | 0.28% |
1,575,244
+835,906
| +113% | +$278M |
|
45
PUT
Biogen
BIIB
$32B
| $635M | 0.27% |
2,176,200
+536,800
| +33% | +$177M |
|
|
AGN
46
PUT
DELISTED
Allergan plc
AGN
| $622M | 0.27% |
2,287,100
+787,600
| +53% | +$242M |
|
|
TWTR
47
CALL
DELISTED
Twitter, Inc.
TWTR
| $622M | 0.27% |
23,072,300
+3,966,700
| +21% | +$119M |
|
|
48
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $620M | 0.27% |
18,916,334
+3,080,705
| +19% | +$109M |
|
49
CALL
JPMorgan Chase
JPM
$935B
| $620M | 0.27% |
10,161,100
+2,043,900
| +25% | +$134M |
|
50
CALL
Citigroup
C
$221B
| $615M | 0.27% |
12,390,300
+3,390,000
| +38% | +$185M |
|
Similar funds
Jeff Yass's Q3 2015 Portfolio in Review
As of Q3 2015, Jeff Yass held 11,075 positions worth $231B, down 1.7% from $235B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass deployed $20.5B of net new capital in Q3 2015, opening 1,028 new positions and adding to 4,038 existing holdings. Its largest new stake was PayPal: 1,385,778 shares worth $43M.
By sector, the portfolio is most concentrated in Technology at 2.9% of assets, down from 3.1% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $287M trimmed.
- Jeff Yass's largest Q3 2015 buy was PayPal: 1,385,778 shares worth $43M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2015, an estimated $1.29B increase.
- Jeff Yass's biggest Q3 2015 reduction was Meta Platforms (Facebook), cutting an estimated $287M.
- Jeff Yass fully exited CATAMARAN CORP COM STK (CDA) in Q3 2015, selling an estimated $41.7M.
- Jeff Yass's ten largest holdings make up 25% of its $231B portfolio in Q3 2015.
- Jeff Yass opened 1,028 new positions and closed 1,500 in Q3 2015.
- Jeff Yass's portfolio value fell 1.7% quarter-over-quarter to $231B.
Based on Susquehanna International Group's 13F filing for Q3 2015, filed 16 Nov 2015.