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 | |
|---|---|---|---|---|---|---|
551
CALL
VanEck Junior Gold Miners ETF
GDXJ
$9.83B
| $45.7M | 0.02% |
1,640,700
+189,100
| +13% | +$4.41M |
|
|
ADT
552
CALL
DELISTED
ADT Corp
ADT
| $45.4M | 0.02% |
1,100,600
+733,500
| +200% | +$25.7M |
|
553
PUT
Invesco CurrencyShares Japanese Yen Trust
FXY
$461M
| $45.3M | 0.02% |
526,800
+192,500
| +58% | +$16.2M |
|
554
CALL
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $45.3M | 0.02% |
1,307,300
+269,900
| +26% | +$8.46M |
|
555
PUT
Williams Companies
WMB
$85.4B
| $45.3M | 0.02% |
2,816,000
-1,425,400
| -34% | -$24.5M |
|
556
CALL
Vanguard Morningstar Total Stock Market ETF
VTI
$682B
| $45.2M | 0.02% |
430,300
+286,900
| +200% | +$28.4M |
|
557
CALL
American Tower
AMT
$82.6B
| $45.1M | 0.02% |
440,900
-182,200
| -29% | -$17M |
|
558
PUT
NetEase
NTES
$79.7B
| $45.1M | 0.02% |
1,571,000
-811,000
| -34% | -$24.3M |
|
559
PUT
APA Corp
APA
$15.1B
| $45.1M | 0.02% |
923,100
-315,700
| -25% | -$13.1M |
|
560
PUT
Honeywell
HON
$67.8B
| $45M | 0.02% |
446,716
-15,914
| -3% | -$1.49M |
|
561
CALL
Kimberly-Clark
KMB
$37.3B
| $44.9M | 0.02% |
333,900
-67,200
| -17% | -$8.74M |
|
562
CALL
CSX Corp
CSX
$95.6B
| $44.7M | 0.02% |
5,211,900
-1,193,700
| -19% | -$9.68M |
|
563
PUT
Tyson Foods
TSN
$20.5B
| $44.6M | 0.02% |
669,400
-100,400
| -13% | -$6.04M |
|
564
PUT
GSK
GSK
$104B
| $44.5M | 0.02% |
878,480
-125,120
| -12% | -$6.23M |
|
|
ICPT
565
CALL
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $44.5M | 0.02% |
346,600
-7,100
| -2% | -$838K |
|
566
American Express
AXP
$232B
| $44.2M | 0.02% |
719,423
-2,155,684
| -75% | -$125M |
|
|
RTN
567
CALL
DELISTED
Raytheon Company
RTN
| $43.9M | 0.02% |
358,300
+139,700
| +64% | +$17.2M |
|
|
WCG
568
CALL
DELISTED
Wellcare Health Plans, Inc.
WCG
| $43.8M | 0.02% |
472,500
+171,300
| +57% | +$14.2M |
|
|
B
569
Barrick Mining
B
$79.4B
| $43.7M | 0.02% |
3,218,363
-5,348,627
| -62% | -$62.2M |
|
|
MNK
570
PUT
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $43.6M | 0.02% |
710,700
-134,600
| -16% | -$8.6M |
|
571
Mastercard
MA
$523B
| $43.5M | 0.02% |
460,813
-248,102
| -35% | -$21.9M |
|
572
Macy's
M
$6.13B
| $43.5M | 0.02% |
987,119
+418,123
| +73% | +$17.3M |
|
573
CALL
Cognizant
CTSH
$27.9B
| $43.3M | 0.02% |
691,100
+65,300
| +10% | +$3.8M |
|
574
Visa
V
$711B
| $43.2M | 0.02% |
565,168
-1,246,079
| -69% | -$90.5M |
|
|
RAI
575
CALL
DELISTED
Reynolds American Inc
RAI
| $43.1M | 0.02% |
855,800
-52,200
| -6% | -$2.56M |
|
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.