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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$444M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$252M |
| 3 |
Bank of America
BAC
|
+$191M |
| 4 |
Citigroup
C
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$518M |
| 3 |
Meta Platforms (Facebook)
META
|
+$292M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$245M |
| 5 |
AGN
Allergan plc
AGN
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 1.95% |
| 2 | Technology | 1.63% |
| 3 | Consumer Discretionary | 1.42% |
| 4 | Communication Services | 1.39% |
| 5 | Healthcare | 1.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
PUT
Bank of America
BAC
$431B
| $1.02B | 0.54% |
75,272,600
+7,688,400
| +11% | +$104M |
|
|
27
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.01B | 0.54% |
8,841,600
-1,274,300
| -13% | -$134M |
|
|
28
Bank of America
BAC
$431B
| $999M | 0.53% |
73,871,772
+14,136,366
| +24% | +$191M |
|
29
CALL
Booking.com
BKNG
$158B
| $993M | 0.53% |
19,257,500
-5,127,500
| -21% | -$246M |
|
|
30
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $889M | 0.47% |
25,933,600
+6,910,800
| +36% | +$214M |
|
|
AGN
31
PUT
DELISTED
Allergan plc
AGN
| $853M | 0.45% |
3,182,200
-135,300
| -4% | -$38.7M |
|
32
CALL
GE Aerospace
GE
$361B
| $835M | 0.44% |
5,481,240
+986,408
| +22% | +$139M |
|
|
33
CALL
Citigroup
C
$221B
| $805M | 0.43% |
19,289,500
+2,512,500
| +15% | +$105M |
|
34
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $782M | 0.42% |
4,428,900
+2,383,500
| +117% | +$397M |
|
35
CALL
Microsoft
MSFT
$3.59T
| $772M | 0.41% |
13,981,800
-5,042,800
| -27% | -$264M |
|
36
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $752M | 0.4% |
79,795,000
+4,190,000
| +6% | +$39.9M |
|
37
PUT
Netflix
NFLX
$331B
| $717M | 0.38% |
70,182,000
-66,127,000
| -49% | -$649M |
|
|
38
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $714M | 0.38% |
20,844,220
+14,343,312
| +221% | +$444M |
|
39
PUT
Gilead Sciences
GILD
$181B
| $683M | 0.36% |
7,432,200
-2,935,000
| -28% | -$265M |
|
|
40
CALL
Netflix
NFLX
$331B
| $675M | 0.36% |
66,014,000
-28,041,000
| -30% | -$275M |
|
|
41
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $671M | 0.36% |
5,133,800
+461,400
| +10% | +$59.1M |
|
42
PUT
Alibaba
BABA
$286B
| $659M | 0.35% |
8,344,900
-3,366,600
| -29% | -$237M |
|
43
CALL
Walt Disney
DIS
$186B
| $655M | 0.35% |
6,592,000
-1,721,200
| -21% | -$166M |
|
|
44
Alphabet (Google) Class A
GOOGL
$4.22T
| $645M | 0.34% |
16,900,940
+3,802,600
| +29% | +$140M |
|
45
CALL
United Parcel Service
UPS
$86.8B
| $623M | 0.33% |
5,906,000
+2,042,300
| +53% | +$198M |
|
|
46
PUT
Walt Disney
DIS
$186B
| $602M | 0.32% |
6,064,400
-1,249,900
| -17% | -$121M |
|
47
PUT
IBM
IBM
$222B
| $598M | 0.32% |
4,126,679
+1,286,894
| +45% | +$164M |
|
|
48
CALL
Gilead Sciences
GILD
$181B
| $578M | 0.31% |
6,296,700
-1,639,700
| -21% | -$148M |
|
49
CALL
ExxonMobil
XOM
$679B
| $556M | 0.3% |
6,650,800
+531,300
| +9% | +$42.5M |
|
50
CALL
Procter & Gamble
PG
$336B
| $542M | 0.29% |
6,589,600
+1,455,200
| +28% | +$117M |
|
Similar funds
Jeff Yass's Q1 2016 Portfolio in Review
As of Q1 2016, Jeff Yass held 10,537 positions worth $188B, down 13% from $216B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass withdrew a net $22.6B in Q1 2016, closing 1,613 positions and reducing 4,303 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $84.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2% of assets, down from 2.2% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares National Muni Bond ETF worth $17.4M.
- Jeff Yass's largest Q1 2016 buy was iShares National Muni Bond ETF: 155,932 shares worth $17.4M.
- Jeff Yass added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $444M increase.
- Jeff Yass's biggest Q1 2016 reduction was Apple, cutting an estimated $2.59B.
- Jeff Yass fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $84.4M.
- Jeff Yass's ten largest holdings make up 24% of its $188B portfolio in Q1 2016.
- Jeff Yass opened 1,208 new positions and closed 1,613 in Q1 2016.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $188B.
Based on Susquehanna International Group's 13F filing for Q1 2016, filed 13 May 2016.