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
|
+$726M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$599M |
| 3 |
Apple
AAPL
|
+$578M |
| 4 |
Meta Platforms (Facebook)
META
|
+$328M |
| 5 |
American Airlines Group
AAL
|
+$317M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.17B |
| 2 |
Gilead Sciences
GILD
|
+$392M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$285M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$225M |
| 5 |
Intel
INTC
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.09% |
| 2 | Consumer Discretionary | 2.15% |
| 3 | Financials | 1.67% |
| 4 | Healthcare | 1.64% |
| 5 | Communication Services | 1.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $548M | 0.23% |
45,265,000
+65,000
| +0.1% | +$822K |
|
|
52
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $541M | 0.23% |
3,974,300
+1,635,900
| +70% | +$233M |
|
53
PUT
Goldman Sachs
GS
$303B
| $535M | 0.23% |
2,560,000
+821,200
| +47% | +$167M |
|
|
CELG
54
PUT
DELISTED
Celgene Corp
CELG
| $534M | 0.23% |
4,617,500
-637,900
| -12% | -$72.9M |
|
55
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $509M | 0.22% |
11,049,300
+486,800
| +5% | +$24.1M |
|
56
PUT
GE Aerospace
GE
$361B
| $508M | 0.22% |
3,986,865
+367,871
| +10% | +$47.7M |
|
57
CALL
Citigroup
C
$221B
| $497M | 0.21% |
9,000,300
+270,800
| +3% | +$14.7M |
|
58
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $492M | 0.21% |
2,796,700
+702,100
| +34% | +$126M |
|
|
YHOO
59
CALL
DELISTED
Yahoo Inc
YHOO
| $473M | 0.2% |
12,049,800
+4,239,300
| +54% | +$182M |
|
60
PUT
JPMorgan Chase
JPM
$935B
| $472M | 0.2% |
6,970,700
-1,151,400
| -14% | -$75.2M |
|
61
PUT
AT&T
T
$173B
| $470M | 0.2% |
17,518,771
-995,118
| -5% | -$25.7M |
|
|
62
PUT
Intel
INTC
$476B
| $470M | 0.2% |
15,438,100
-5,953,900
| -28% | -$192M |
|
63
CALL
Qualcomm
QCOM
$169B
| $464M | 0.2% |
7,407,700
+912,000
| +14% | +$62.2M |
|
64
PUT
Baidu
BIDU
$31.6B
| $462M | 0.2% |
2,318,300
+294,200
| +15% | +$60.2M |
|
65
PUT
Micron Technology
MU
$1.09T
| $459M | 0.2% |
24,384,900
+2,143,100
| +10% | +$57.1M |
|
|
AGN
66
PUT
DELISTED
Allergan plc
AGN
| $455M | 0.19% |
1,499,500
-709,100
| -32% | -$211M |
|
|
67
Gilead Sciences
GILD
$181B
| $455M | 0.19% |
3,885,075
-3,591,355
| -48% | -$392M |
|
68
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $448M | 0.19% |
3,646,500
+846,600
| +30% | +$101M |
|
69
CALL
Microsoft
MSFT
$3.59T
| $441M | 0.19% |
9,978,000
-1,136,700
| -10% | -$51.9M |
|
70
PUT
Walmart Inc
WMT
$825B
| $436M | 0.19% |
18,453,600
+8,523,000
| +86% | +$217M |
|
|
71
CALL
Baidu
BIDU
$31.6B
| $435M | 0.18% |
2,182,700
-139,200
| -6% | -$28.5M |
|
|
72
PUT
Qualcomm
QCOM
$169B
| $433M | 0.18% |
6,919,500
+1,637,600
| +31% | +$112M |
|
73
PUT
Bausch Health
BHC
$2.41B
| $428M | 0.18% |
1,925,100
-142,300
| -7% | -$31.5M |
|
74
PUT
IBM
IBM
$222B
| $421M | 0.18% |
2,705,897
-756,572
| -22% | -$122M |
|
75
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $419M | 0.18% |
19,586,476
+2,470,807
| +14% | +$53.3M |
|
Similar funds
Jeff Yass's Q2 2015 Portfolio in Review
As of Q2 2015, Jeff Yass held 10,941 positions worth $235B, up 6.8% from $220B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $12.9B of net new capital in Q2 2015, opening 1,599 new positions and adding to 4,693 existing holdings. Its largest new stake was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.17B trimmed.
- Jeff Yass's largest Q2 2015 buy was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
- Jeff Yass added most to Alphabet (Google) Class C in Q2 2015, an estimated $726M increase.
- Jeff Yass's biggest Q2 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.17B.
- Jeff Yass fully exited ACTAVIS PLC Pfd Conv Ser A (Irl) in Q2 2015, selling an estimated $41.7M.
- Jeff Yass's ten largest holdings make up 24% of its $235B portfolio in Q2 2015.
- Jeff Yass opened 1,599 new positions and closed 888 in Q2 2015.
- Jeff Yass's portfolio value rose 6.8% quarter-over-quarter to $235B.
Based on Susquehanna International Group's 13F filing for Q2 2015, filed 14 Aug 2015.