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
|
+$1.29B |
| 2 |
DuPont de Nemours
DD
|
+$781M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$331M |
| 4 |
Walt Disney
DIS
|
+$311M |
| 5 |
NETSCOUT
NTCT
|
+$239M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$287M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$272M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$195M |
| 4 |
Alibaba
BABA
|
+$179M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$169M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.94% |
| 2 | Communication Services | 1.6% |
| 3 | Financials | 1.54% |
| 4 | Healthcare | 1.45% |
| 5 | Consumer Discretionary | 1.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $614M | 0.27% |
30,872,679
+11,286,203
| +58% | +$239M |
|
52
GE Aerospace
GE
$361B
| $591M | 0.26% |
4,892,476
+1,624,772
| +50% | +$199M |
|
53
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $588M | 0.25% |
4,510,300
+536,000
| +13% | +$73.4M |
|
|
54
PUT
DuPont de Nemours
DD
$18.7B
| $580M | 0.25% |
5,397,630
+4,375,599
| +428% | +$507M |
|
|
VXX
55
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $577M | 0.25% |
1,408,556
+389,887
| +38% | +$130M |
|
56
PUT
JPMorgan Chase
JPM
$935B
| $569M | 0.25% |
9,331,900
+2,361,200
| +34% | +$155M |
|
57
PUT
Bausch Health
BHC
$2.41B
| $545M | 0.24% |
3,053,400
+1,128,300
| +59% | +$263M |
|
|
CELG
58
PUT
DELISTED
Celgene Corp
CELG
| $538M | 0.23% |
4,971,200
+353,700
| +8% | +$43.9M |
|
|
59
PUT
GE Aerospace
GE
$361B
| $535M | 0.23% |
4,428,269
+441,404
| +11% | +$54.1M |
|
|
60
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $533M | 0.23% |
4,317,617
+2,725,162
| +171% | +$331M |
|
|
TWTR
61
PUT
DELISTED
Twitter, Inc.
TWTR
| $525M | 0.23% |
19,503,900
+1,666,300
| +9% | +$50M |
|
|
62
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $523M | 0.23% |
4,235,600
-2,887,500
| -41% | -$350M |
|
63
PUT
Citigroup
C
$221B
| $522M | 0.23% |
10,516,400
-2,871,600
| -21% | -$157M |
|
64
CALL
Invesco QQQ Trust
QQQ
$486B
| $517M | 0.22% |
5,077,700
-745,400
| -13% | -$80.1M |
|
65
Gilead Sciences
GILD
$181B
| $516M | 0.22% |
5,253,495
+1,368,420
| +35% | +$152M |
|
66
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $516M | 0.22% |
5,098,800
+1,452,300
| +40% | +$174M |
|
67
PUT
Intel
INTC
$476B
| $509M | 0.22% |
16,874,900
+1,436,800
| +9% | +$41.6M |
|
|
CELG
68
CALL
DELISTED
Celgene Corp
CELG
| $498M | 0.22% |
4,599,500
+1,225,400
| +36% | +$152M |
|
69
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $494M | 0.21% |
34,320,000
+3,405,000
| +11% | +$48.4M |
|
70
PUT
Goldman Sachs
GS
$303B
| $488M | 0.21% |
2,811,100
+251,100
| +10% | +$49.2M |
|
|
71
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $480M | 0.21% |
8,375,500
-2,245,000
| -21% | -$139M |
|
72
PUT
Microsoft
MSFT
$3.59T
| $472M | 0.2% |
10,667,000
+1,454,400
| +16% | +$65.3M |
|
73
PUT
Baidu
BIDU
$31.6B
| $460M | 0.2% |
3,347,400
+1,029,100
| +44% | +$170M |
|
|
74
Walt Disney
DIS
$186B
| $453M | 0.2% |
4,429,771
+2,857,049
| +182% | +$311M |
|
|
75
CALL
Baidu
BIDU
$31.6B
| $451M | 0.2% |
3,282,800
+1,100,100
| +50% | +$181M |
|
Similar funds
Jeff Yass's Q3 2015 Portfolio in Review
As of Q3 2015, Jeff Yass held 11,075 positions worth $231B, down 1.7% from $235B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass deployed $20.5B of net new capital in Q3 2015, opening 1,028 new positions and adding to 4,038 existing holdings. Its largest new stake was PayPal: 1,385,778 shares worth $43M.
By sector, the portfolio is most concentrated in Technology at 2.9% of assets, down from 3.1% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $287M trimmed.
- Jeff Yass's largest Q3 2015 buy was PayPal: 1,385,778 shares worth $43M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2015, an estimated $1.29B increase.
- Jeff Yass's biggest Q3 2015 reduction was Meta Platforms (Facebook), cutting an estimated $287M.
- Jeff Yass fully exited CATAMARAN CORP COM STK (CDA) in Q3 2015, selling an estimated $41.7M.
- Jeff Yass's ten largest holdings make up 25% of its $231B portfolio in Q3 2015.
- Jeff Yass opened 1,028 new positions and closed 1,500 in Q3 2015.
- Jeff Yass's portfolio value fell 1.7% quarter-over-quarter to $231B.
Based on Susquehanna International Group's 13F filing for Q3 2015, filed 16 Nov 2015.