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 |
Alphabet (Google) Class C
GOOG
|
+$769M |
| 2 |
Bank of America
BAC
|
+$569M |
| 3 |
Citigroup
C
|
+$440M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$356M |
| 5 |
Amazon
AMZN
|
+$304M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.22B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$483M |
| 3 |
SPDR Gold Trust
GLD
|
+$246M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$233M |
| 5 |
iShares Russell 2000 Growth ETF
IWO
|
+$202M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Financials | 2.28% |
| 3 | Consumer Discretionary | 1.87% |
| 4 | Communication Services | 1.75% |
| 5 | Energy | 1.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
IBM
IBM
$222B
| $537M | 0.25% |
2,915,516
+512,749
| +21% | +$90.3M |
|
52
Booking.com
BKNG
$158B
| $534M | 0.25% |
11,200,450
+3,285,850
| +42% | +$162M |
|
53
CALL
Baidu
BIDU
$31.6B
| $529M | 0.25% |
3,471,100
+349,900
| +11% | +$58.5M |
|
54
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $528M | 0.24% |
14,727,300
+6,414,200
| +77% | +$225M |
|
|
TWTR
55
CALL
DELISTED
Twitter, Inc.
TWTR
| $506M | 0.23% |
10,832,200
-3,399,500
| -24% | -$192M |
|
56
PUT
Intel
INTC
$476B
| $503M | 0.23% |
19,489,600
-1,072,400
| -5% | -$26.8M |
|
|
57
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $501M | 0.23% |
13,986,700
+8,342,300
| +148% | +$292M |
|
58
PUT
Intuitive Surgical
ISRG
$134B
| $475M | 0.22% |
9,754,200
+1,617,300
| +20% | +$76.2M |
|
59
PUT
GE Aerospace
GE
$361B
| $471M | 0.22% |
3,792,141
+1,062,424
| +39% | +$131M |
|
|
60
PUT
Baidu
BIDU
$31.6B
| $460M | 0.21% |
3,017,000
+191,100
| +7% | +$32M |
|
61
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $451M | 0.21% |
6,715,400
-3,278,900
| -33% | -$217M |
|
62
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $447M | 0.21% |
39,330,000
-4,015,000
| -9% | -$44.3M |
|
63
CALL
General Motors
GM
$77.2B
| $442M | 0.2% |
12,841,200
+1,074,600
| +9% | +$39.5M |
|
64
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $437M | 0.2% |
2,660,200
+998,800
| +60% | +$161M |
|
|
TWTR
65
PUT
DELISTED
Twitter, Inc.
TWTR
| $434M | 0.2% |
9,303,800
+2,190,600
| +31% | +$124M |
|
66
Invesco QQQ Trust
QQQ
$486B
| $434M | 0.2% |
4,947,476
+2,198,852
| +80% | +$194M |
|
67
PUT
Procter & Gamble
PG
$336B
| $430M | 0.2% |
5,340,700
+417,400
| +8% | +$32.9M |
|
|
68
PUT
Bank of America
BAC
$431B
| $423M | 0.2% |
24,576,900
-1,134,700
| -4% | -$19.1M |
|
|
69
CALL
Intel
INTC
$476B
| $421M | 0.2% |
16,314,500
-526,400
| -3% | -$13.1M |
|
70
CALL
Gilead Sciences
GILD
$181B
| $417M | 0.19% |
5,890,700
+2,501,800
| +74% | +$196M |
|
|
CELG
71
PUT
DELISTED
Celgene Corp
CELG
| $413M | 0.19% |
5,915,800
+1,803,400
| +44% | +$143M |
|
72
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $411M | 0.19% |
9,124,600
-1,317,600
| -13% | -$54.1M |
|
73
PUT
Visa
V
$693B
| $410M | 0.19% |
7,604,000
-1,526,800
| -17% | -$84.9M |
|
|
74
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $409M | 0.19% |
3,744,900
+166,800
| +5% | +$17.8M |
|
75
CALL
Micron Technology
MU
$1.09T
| $406M | 0.19% |
17,151,300
-5,117,900
| -23% | -$122M |
|
Similar funds
Jeff Yass's Q1 2014 Portfolio in Review
As of Q1 2014, Jeff Yass held 10,124 positions worth $216B, down 0.37% from $217B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass's Q1 2014 filing shows 1,198 new, 3,663 increased, 3,868 reduced and 1,303 closed positions. Its largest new stake was VanEck Junior Gold Miners ETF: 1,956,976 shares worth $70.7M. The largest sale was Apple, an estimated $2.22B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 3.6% a quarter earlier, followed by Financials and Consumer Discretionary.
- Jeff Yass's largest Q1 2014 buy was VanEck Junior Gold Miners ETF: 1,956,976 shares worth $70.7M.
- Jeff Yass added most to Alphabet (Google) Class C in Q1 2014, an estimated $769M increase.
- Jeff Yass's biggest Q1 2014 reduction was Apple, cutting an estimated $2.22B.
- Jeff Yass fully exited Vodafone in Q1 2014, selling an estimated $54.1M.
- Jeff Yass's ten largest holdings make up 23% of its $216B portfolio in Q1 2014.
- Jeff Yass opened 1,198 new positions and closed 1,303 in Q1 2014.
- Jeff Yass's portfolio value fell 0.37% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q1 2014, filed 14 May 2014.