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 | Miscellaneous | 89.8% |
| 2 | Financials | 1.95% |
| 3 | Technology | 1.63% |
| 4 | Consumer Discretionary | 1.42% |
| 5 | Communication Services | 1.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
6626
PUT
First American
FAF
$7.6B
| $434K | ﹤0.01% |
11,400
+2,500
| +28% | +$89K |
|
6627
Kirby Corp
KEX
$7.34B
| $434K | ﹤0.01% |
7,202
-40,887
| -85% | -$2.23M |
|
|
NSA
6628
DELISTED
National Storage Affiliates Trust
NSA
| $434K | ﹤0.01% |
+20,487
| New | +$367K |
|
6629
CALL
United States 12 Month Oil Fund,
USL
$43.6M
| $434K | ﹤0.01% |
26,600
+7,900
| +42% | +$122K |
|
|
FRN
6630
DELISTED
Invesco Frontier Markets ETF
FRN
| $434K | ﹤0.01% |
39,681
+5,699
| +17% | +$58.6K |
|
|
SCMP
6631
PUT
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
| $434K | ﹤0.01% |
39,700
+5,200
| +15% | +$65.7K |
|
|
SZYM
6632
PUT
DELISTED
SOLAZYME INC COM STK (DE)
SZYM
| $434K | ﹤0.01% |
214,000
-306,000
| -59% | -$546K |
|
|
ORBC
6633
DELISTED
ORBCOMM, Inc.
ORBC
| $434K | ﹤0.01% |
42,826
-1,657
| -4% | -$13.5K |
|
|
AMRN
6634
PUT
Amarin Corp
AMRN
$295M
| $433K | ﹤0.01% |
14,140
-7,375
| -34% | -$219K |
|
6635
CALL
CoreCivic
CXW
$3.34B
| $433K | ﹤0.01% |
13,500
-10,600
| -44% | -$309K |
|
6636
DaVita
DVA
$11.5B
| $433K | ﹤0.01% |
5,905
-8,703
| -60% | -$588K |
|
6637
PUT
iShares MSCI Italy ETF
EWI
$1.12B
| $433K | ﹤0.01% |
17,750
-23,150
| -57% | -$557K |
|
|
MOMO
6638
CALL
Hello Group
MOMO
$845M
| $433K | ﹤0.01% |
38,500
-27,600
| -42% | -$330K |
|
6639
PUT
Unum
UNM
$14.7B
| $433K | ﹤0.01% |
14,000
+2,800
| +25% | +$82.1K |
|
6640
CALL
FreightCar America
RAIL
$235M
| $432K | ﹤0.01% |
27,700
-2,900
| -9% | -$50.1K |
|
|
CVT
6641
CALL
DELISTED
CVENT, INC.
CVT
| $432K | ﹤0.01% |
20,200
-41,800
| -67% | -$987K |
|
6642
CALL
Host Hotels & Resorts
HST
$15.3B
| $431K | ﹤0.01% |
25,800
-47,200
| -65% | -$710K |
|
|
SC
6643
PUT
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $431K | ﹤0.01% |
41,100
+8,900
| +28% | +$97.8K |
|
|
VRNG
6644
CALL
DELISTED
VRINGO, INC COM STK NEW (DE)
VRNG
| $431K | ﹤0.01% |
262,800
-44,800
| -15% | -$84.7K |
|
|
ABAX
6645
PUT
DELISTED
Abaxis Inc
ABAX
| $431K | ﹤0.01% |
9,500
+600
| +7% | +$26.7K |
|
6646
PUT
AZZ Inc
AZZ
$4.16B
| $430K | ﹤0.01% |
7,600
+500
| +7% | +$26K |
|
|
NMBL
6647
PUT
DELISTED
Nimble Storage, Inc.
NMBL
| $430K | ﹤0.01% |
54,900
-20,600
| -27% | -$146K |
|
6648
CALL
Rayonier Advanced Materials
RYAM
$582M
| $429K | ﹤0.01% |
45,200
-27,700
| -38% | -$218K |
|
|
ACC
6649
PUT
DELISTED
American Campus Communities, Inc.
ACC
| $429K | ﹤0.01% |
+9,100
| New | +$392K |
|
|
AFAM
6650
DELISTED
Almost Family Inc
AFAM
| $429K | ﹤0.01% |
11,530
+4,630
| +67% | +$173K |
|
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 $9.01B 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 Miscellaneous at 90% of assets, up from 87% a quarter earlier, followed by Financials and Technology.
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.