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 | |
|---|---|---|---|---|---|---|
|
ANDV
501
PUT
DELISTED
Andeavor
ANDV
| $52.6M | 0.03% |
611,100
-328,000
| -35% | -$28.2M |
|
502
CALL
ServiceNow
NOW
$133B
| $52.5M | 0.03% |
4,289,000
-774,000
| -15% | -$9.8M |
|
503
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.57B
| $52.2M | 0.03% |
2,127,200
-89,100
| -4% | -$2.07M |
|
504
PUT
Seagate
STX
$193B
| $51.8M | 0.03% |
1,503,100
+3,500
| +0.2% | +$113K |
|
505
PUT
State Street SPDR S&P Retail ETF
XRT
$491M
| $51.8M | 0.03% |
1,121,300
+316,600
| +39% | +$13.4M |
|
506
CALL
CME Group
CME
$98.9B
| $51.7M | 0.03% |
538,300
+35,300
| +7% | +$3.21M |
|
507
PUT
Phillips 66
PSX
$96.9B
| $51.7M | 0.03% |
596,600
-176,400
| -23% | -$14.3M |
|
508
PUT
Marriott International
MAR
$92.9B
| $51.4M | 0.03% |
721,700
+225,500
| +45% | +$14.7M |
|
509
CALL
Mondelez International
MDLZ
$82.3B
| $51M | 0.03% |
1,272,100
-5,037,900
| -80% | -$205M |
|
|
SCTY
510
CALL
DELISTED
SolarCity Corporation
SCTY
| $51M | 0.03% |
2,075,200
-1,084,400
| -34% | -$30.9M |
|
511
CALL
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.5B
| $51M | 0.03% |
217,725
-158,625
| -42% | -$28.2M |
|
512
CALL
Invesco DB US Dollar Index Bullish Fund
UUP
$350M
| $50.7M | 0.03% |
2,067,800
+1,835,400
| +790% | +$46.4M |
|
513
PUT
Whirlpool
WHR
$2.63B
| $50.7M | 0.03% |
281,000
-68,900
| -20% | -$10.3M |
|
|
PNRA
514
PUT
DELISTED
Panera Bread Co
PNRA
| $50.6M | 0.03% |
246,900
-15,600
| -6% | -$3.11M |
|
515
iShares Silver Trust
SLV
$33.8B
| $50.5M | 0.03% |
3,443,453
+2,678,675
| +350% | +$38M |
|
|
DFS
516
CALL
DELISTED
Discover Financial Services
DFS
| $50.5M | 0.03% |
990,800
+355,300
| +56% | +$17.1M |
|
517
CALL
Range Resources
RRC
$9.59B
| $50.1M | 0.03% |
1,547,900
-69,300
| -4% | -$1.93M |
|
518
CALL
Diamondback Energy
FANG
$59B
| $49.9M | 0.03% |
646,100
+242,100
| +60% | +$17.1M |
|
519
CALL
Workday
WDAY
$49.4B
| $49.6M | 0.03% |
645,500
+38,600
| +6% | +$2.55M |
|
520
CALL
NVIDIA
NVDA
$5.2T
| $49.4M | 0.03% |
55,500,000
+9,388,000
| +20% | +$7.16M |
|
521
PUT
GameStop
GME
$8.17B
| $49.4M | 0.03% |
6,228,000
-2,198,800
| -26% | -$15.8M |
|
522
CALL
Newmont
NEM
$139B
| $49.4M | 0.03% |
1,857,500
-359,800
| -16% | -$8.33M |
|
|
TIF
523
PUT
DELISTED
Tiffany & Co.
TIF
| $49.2M | 0.03% |
670,200
-160,300
| -19% | -$10.8M |
|
524
PUT
MGM Resorts International
MGM
$11B
| $49.2M | 0.03% |
2,293,600
+572,900
| +33% | +$11.3M |
|
525
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $49.1M | 0.03% |
2,214,000
+977,600
| +79% | +$20.2M |
|
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.