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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.58B |
| 2 |
Bank of America
BAC
|
+$690M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$244M |
| 4 |
Coca-Cola
KO
|
+$222M |
| 5 |
United States Oil Fund
USO
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$456M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$433M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$341M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$318M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.99% |
| 2 | Financials | 1.89% |
| 3 | Consumer Discretionary | 1.86% |
| 4 | Healthcare | 1.5% |
| 5 | Energy | 1.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
ExxonMobil
XOM
$679B
| $533M | 0.24% |
6,269,000
-314,000
| -5% | -$27.8M |
|
52
PUT
IBM
IBM
$222B
| $531M | 0.24% |
3,462,469
-154,285
| -4% | -$23.4M |
|
|
53
CALL
Invesco QQQ Trust
QQQ
$486B
| $509M | 0.23% |
4,819,000
-2,934,000
| -38% | -$308M |
|
|
54
iShares Russell 2000 ETF
IWM
$81.9B
| $498M | 0.23% |
4,007,574
-2,830,065
| -41% | -$341M |
|
55
Alibaba
BABA
$286B
| $498M | 0.23% |
5,983,806
+1,619,809
| +37% | +$146M |
|
56
PUT
JPMorgan Chase
JPM
$935B
| $492M | 0.22% |
8,122,100
-1,773,300
| -18% | -$105M |
|
57
CALL
Baidu
BIDU
$31.6B
| $484M | 0.22% |
2,321,900
-236,300
| -9% | -$50.6M |
|
58
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $473M | 0.21% |
10,562,500
-1,337,100
| -11% | -$56.9M |
|
59
PUT
Ford
F
$57.5B
| $461M | 0.21% |
28,551,300
-16,055,900
| -36% | -$253M |
|
|
60
CALL
IBM
IBM
$222B
| $458M | 0.21% |
2,982,878
+129,599
| +5% | +$19.7M |
|
61
PUT
AT&T
T
$173B
| $457M | 0.21% |
18,513,889
-5,039,144
| -21% | -$128M |
|
62
CALL
Microsoft
MSFT
$3.59T
| $452M | 0.21% |
11,114,700
-1,399,200
| -11% | -$60.9M |
|
63
CALL
Qualcomm
QCOM
$169B
| $450M | 0.2% |
6,495,700
+1,921,000
| +42% | +$135M |
|
64
CALL
Citigroup
C
$221B
| $450M | 0.2% |
8,729,500
-790,000
| -8% | -$40.2M |
|
65
PUT
Caterpillar
CAT
$381B
| $442M | 0.2% |
5,523,800
+1,429,700
| +35% | +$119M |
|
|
66
PUT
Microsoft
MSFT
$3.59T
| $439M | 0.2% |
10,800,400
+133,300
| +1% | +$5.8M |
|
67
Berkshire Hathaway Class B
BRK.B
$1.06T
| $432M | 0.2% |
2,995,243
-164,796
| -5% | -$24.2M |
|
68
CALL
Intel
INTC
$476B
| $431M | 0.2% |
13,783,100
-6,299,300
| -31% | -$213M |
|
69
PUT
GE Aerospace
GE
$361B
| $430M | 0.2% |
3,618,994
+45,343
| +1% | +$5.4M |
|
|
SLXP
70
CALL
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $423M | 0.19% |
2,448,300
+1,931,300
| +374% | +$284M |
|
|
71
PUT
Baidu
BIDU
$31.6B
| $422M | 0.19% |
2,024,100
-486,400
| -19% | -$104M |
|
72
PUT
American Express
AXP
$227B
| $422M | 0.19% |
5,398,400
+3,612,200
| +202% | +$300M |
|
73
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $415M | 0.19% |
10,319,300
-5,566,600
| -35% | -$221M |
|
74
PUT
General Motors
GM
$77.2B
| $414M | 0.19% |
11,033,500
-7,206,700
| -40% | -$262M |
|
|
YHOO
75
PUT
DELISTED
Yahoo Inc
YHOO
| $412M | 0.19% |
9,281,500
-9,879,900
| -52% | -$447M |
|
Similar funds
Jeff Yass's Q1 2015 Portfolio in Review
As of Q1 2015, Jeff Yass held 10,735 positions worth $220B, down 13% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass withdrew a net $35.6B in Q1 2015, closing 1,393 positions and reducing 4,492 holdings. Its most notable exit was RF MICRO DEVICES INC, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.5% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in AB InBev worth $97.4M.
- Jeff Yass's largest Q1 2015 buy was AB InBev: 798,828 shares worth $97.4M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $1.58B increase.
- Jeff Yass's biggest Q1 2015 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $456M.
- Jeff Yass fully exited RF MICRO DEVICES INC in Q1 2015, selling an estimated $38.3M.
- Jeff Yass's ten largest holdings make up 25% of its $220B portfolio in Q1 2015.
- Jeff Yass opened 1,178 new positions and closed 1,393 in Q1 2015.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $220B.
Based on Susquehanna International Group's 13F filing for Q1 2015, filed 15 May 2015.