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 |
Synchrony
SYF
|
+$683M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$485M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$394M |
| 4 |
Apple
AAPL
|
+$378M |
| 5 |
Bausch Health
BHC
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$805M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$603M |
| 3 |
GE Aerospace
GE
|
+$548M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$426M |
| 5 |
Gilead Sciences
GILD
|
+$313M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.05% |
| 2 | Financials | 2.16% |
| 3 | Consumer Discretionary | 1.64% |
| 4 | Communication Services | 1.43% |
| 5 | Healthcare | 1.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
Netflix
NFLX
$331B
| $1.08B | 0.5% |
94,055,000
-13,161,000
| -12% | -$150M |
|
27
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.06B | 0.49% |
10,115,900
-5,680,300
| -36% | -$584M |
|
28
CALL
Microsoft
MSFT
$3.59T
| $1.06B | 0.49% |
19,024,600
+8,989,900
| +90% | +$473M |
|
|
29
PUT
Gilead Sciences
GILD
$181B
| $1.05B | 0.48% |
10,367,200
-2,083,800
| -17% | -$217M |
|
|
30
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.04B | 0.48% |
32,184,300
-1,217,600
| -4% | -$41.8M |
|
|
AGN
31
PUT
DELISTED
Allergan plc
AGN
| $1.04B | 0.48% |
3,317,500
+1,030,400
| +45% | +$307M |
|
32
Bank of America
BAC
$431B
| $1.01B | 0.46% |
59,735,406
+5,163,075
| +9% | +$87.3M |
|
33
PUT
Alibaba
BABA
$286B
| $952M | 0.44% |
11,711,500
-2,072,200
| -15% | -$163M |
|
34
CALL
Walt Disney
DIS
$186B
| $874M | 0.4% |
8,313,200
+1,531,700
| +23% | +$171M |
|
35
CALL
Citigroup
C
$221B
| $868M | 0.4% |
16,777,000
+4,386,700
| +35% | +$233M |
|
|
36
CALL
Gilead Sciences
GILD
$181B
| $803M | 0.37% |
7,936,400
+262,500
| +3% | +$27.3M |
|
|
WBA
37
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $782M | 0.36% |
9,178,900
+4,497,500
| +96% | +$382M |
|
|
38
PUT
Walt Disney
DIS
$186B
| $769M | 0.36% |
7,314,300
-195,900
| -3% | -$21.8M |
|
39
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $726M | 0.34% |
75,605,000
+26,265,000
| +53% | +$321M |
|
|
AGN
40
CALL
DELISTED
Allergan plc
AGN
| $723M | 0.33% |
2,312,800
+818,500
| +55% | +$244M |
|
|
41
PUT
GE Aerospace
GE
$361B
| $716M | 0.33% |
4,793,406
+365,137
| +8% | +$51.9M |
|
42
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $715M | 0.33% |
34,193,859
+3,321,180
| +11% | +$70M |
|
43
CALL
Invesco QQQ Trust
QQQ
$486B
| $675M | 0.31% |
6,036,800
+959,100
| +19% | +$107M |
|
|
44
PUT
Bausch Health
BHC
$2.41B
| $672M | 0.31% |
6,609,200
+3,555,800
| +116% | +$399M |
|
|
45
CALL
GE Aerospace
GE
$361B
| $671M | 0.31% |
4,494,832
+1,777,259
| +65% | +$252M |
|
|
46
Synchrony
SYF
$25.9B
| $663M | 0.31% |
21,810,112
+21,802,665
| +292,771% | +$683M |
|
|
47
PUT
Microsoft
MSFT
$3.59T
| $644M | 0.3% |
11,602,200
+935,200
| +9% | +$49.2M |
|
48
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $627M | 0.29% |
10,537,400
+4,202,400
| +66% | +$253M |
|
49
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $625M | 0.29% |
17,639,600
-1,680,000
| -9% | -$63.2M |
|
|
50
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $614M | 0.28% |
19,022,800
-5,702,000
| -23% | -$196M |
|
Similar funds
Jeff Yass's Q4 2015 Portfolio in Review
As of Q4 2015, Jeff Yass held 10,716 positions worth $216B, down 6.4% from $231B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $26.7B in Q4 2015, closing 1,373 positions and reducing 4,567 holdings. Its most notable exit was Altera Corp, an estimated $97.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.9% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in Alphabet (Google) Class A worth $510M.
- Jeff Yass's largest Q4 2015 buy was Alphabet (Google) Class A: 13,098,340 shares worth $510M.
- Jeff Yass added most to Synchrony in Q4 2015, an estimated $683M increase.
- Jeff Yass's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $805M.
- Jeff Yass fully exited Altera Corp in Q4 2015, selling an estimated $97.3M.
- Jeff Yass's ten largest holdings make up 21% of its $216B portfolio in Q4 2015.
- Jeff Yass opened 1,138 new positions and closed 1,373 in Q4 2015.
- Jeff Yass's portfolio value fell 6.4% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q4 2015, filed 16 Feb 2016.