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 | |
|---|---|---|---|---|---|---|
701
PUT
Advance Auto Parts
AAP
$2.63B
| $32.3M | 0.02% |
201,300
-84,600
| -30% | -$12.7M |
|
702
CALL
Crown Castle
CCI
$32.5B
| $32.3M | 0.02% |
373,100
+196,500
| +111% | +$16.7M |
|
703
CALL
T-Mobile US
TMUS
$196B
| $32.3M | 0.02% |
842,300
-236,100
| -22% | -$8.91M |
|
704
iShares MSCI Brazil ETF
EWZ
$8.07B
| $32.3M | 0.02% |
1,226,545
-2,197,937
| -64% | -$47.3M |
|
|
ATVI
705
CALL
DELISTED
Activision Blizzard
ATVI
| $32.2M | 0.02% |
951,000
-541,800
| -36% | -$17.8M |
|
706
CALL
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.53B
| $32.1M | 0.02% |
967,300
+65,700
| +7% | +$2.11M |
|
707
PUT
BlackBerry
BB
$4.48B
| $32.1M | 0.02% |
3,968,000
+679,700
| +21% | +$5.1M |
|
708
PUT
Energy Transfer Partners
ET
$72.6B
| $32.1M | 0.02% |
4,501,300
-74,400
| -2% | -$584K |
|
|
709
CALL
Energy Transfer Partners
ET
$72.6B
| $32.1M | 0.02% |
4,496,200
+1,985,900
| +79% | +$15.6M |
|
710
CALL
Thermo Fisher Scientific
TMO
$232B
| $32M | 0.02% |
225,800
-98,200
| -30% | -$13.2M |
|
|
MNDT
711
PUT
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $32M | 0.02% |
1,777,000
-439,400
| -20% | -$7.16M |
|
712
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $32M | 0.02% |
269,000
+147,600
| +122% | +$17M |
|
713
PUT
D.R. Horton
DHI
$41.7B
| $32M | 0.02% |
1,057,200
-1,095,500
| -51% | -$30.1M |
|
|
JWN
714
PUT
DELISTED
Nordstrom
JWN
| $31.8M | 0.02% |
556,700
+73,300
| +15% | +$3.78M |
|
715
PUT
Kroger
KR
$36.2B
| $31.8M | 0.02% |
830,100
+307,800
| +59% | +$11.9M |
|
716
CALL
Martin Marietta Materials
MLM
$32B
| $31.6M | 0.02% |
198,300
+111,100
| +127% | +$15.3M |
|
717
Intel
INTC
$461B
| $31.6M | 0.02% |
977,643
-236,731
| -19% | -$7.26M |
|
718
PUT
Texas Instruments
TXN
$236B
| $31.5M | 0.02% |
549,000
-234,900
| -30% | -$12.5M |
|
719
Corning
GLW
$125B
| $31.5M | 0.02% |
1,506,208
-1,182,574
| -44% | -$21.9M |
|
720
CALL
Invesco CurrencyShares Japanese Yen Trust
FXY
$461M
| $31.4M | 0.02% |
364,800
-93,500
| -20% | -$7.87M |
|
721
PUT
Ecolab
ECL
$80.4B
| $31.2M | 0.02% |
280,000
+257,000
| +1,117% | +$27.3M |
|
722
PUT
Best Buy
BBY
$18.4B
| $31.2M | 0.02% |
960,500
-1,214,100
| -56% | -$36.8M |
|
723
PUT
Pultegroup
PHM
$24.7B
| $31.2M | 0.02% |
1,665,300
-118,400
| -7% | -$2.02M |
|
|
ETP
724
PUT
DELISTED
Energy Transfer Partners L.p.
ETP
| $31.1M | 0.02% |
961,600
-902,200
| -48% | -$25.1M |
|
725
CALL
iShares MSCI Mexico ETF
EWW
$1.79B
| $31M | 0.02% |
577,700
-342,200
| -37% | -$16.6M |
|
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.