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 |
Synchrony
SYF
|
+$683M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$485M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$394M |
| 4 |
Apple
AAPL
|
+$378M |
| 5 |
Bausch Health
BHC
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$805M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$603M |
| 3 |
GE Aerospace
GE
|
+$548M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$426M |
| 5 |
Gilead Sciences
GILD
|
+$313M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.05% |
| 2 | Financials | 2.16% |
| 3 | Consumer Discretionary | 1.64% |
| 4 | Communication Services | 1.43% |
| 5 | Healthcare | 1.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
JPMorgan Chase
JPM
$935B
| $609M | 0.28% |
9,216,000
-945,100
| -9% | -$61.5M |
|
52
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $606M | 0.28% |
5,027,757
+710,140
| +16% | +$86.5M |
|
|
53
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $564M | 0.26% |
4,672,400
-2,193,400
| -32% | -$267M |
|
|
TWTR
54
CALL
DELISTED
Twitter, Inc.
TWTR
| $533M | 0.25% |
23,041,000
-31,300
| -0.1% | -$835K |
|
55
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $522M | 0.24% |
14,747,800
-6,858,900
| -32% | -$258M |
|
56
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $521M | 0.24% |
2,993,300
-1,331,500
| -31% | -$233M |
|
57
PUT
Baidu
BIDU
$31.6B
| $520M | 0.24% |
2,749,900
-597,500
| -18% | -$110M |
|
|
58
Alphabet (Google) Class A
GOOGL
$4.22T
| $510M | 0.24% |
+13,098,340
| New | +$485M |
|
|
59
PUT
JPMorgan Chase
JPM
$935B
| $505M | 0.23% |
7,640,700
-1,691,200
| -18% | -$110M |
|
60
CALL
Goldman Sachs
GS
$303B
| $503M | 0.23% |
2,792,600
-986,600
| -26% | -$183M |
|
61
CALL
Intel
INTC
$476B
| $501M | 0.23% |
14,553,000
+2,839,400
| +24% | +$96M |
|
62
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $499M | 0.23% |
4,425,900
-672,900
| -13% | -$73M |
|
|
63
CALL
Baidu
BIDU
$31.6B
| $497M | 0.23% |
2,627,200
-655,600
| -20% | -$121M |
|
64
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $491M | 0.23% |
904,000
+130,700
| +17% | +$70.8M |
|
65
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $489M | 0.23% |
16,168,200
+6,569,000
| +68% | +$216M |
|
|
CELG
66
CALL
DELISTED
Celgene Corp
CELG
| $486M | 0.22% |
4,060,900
-538,600
| -12% | -$62.3M |
|
|
67
PUT
Intel
INTC
$476B
| $486M | 0.22% |
14,102,800
-2,772,100
| -16% | -$93.7M |
|
68
CALL
Chevron
CVX
$403B
| $478M | 0.22% |
5,316,500
+1,952,300
| +58% | +$176M |
|
69
CALL
ExxonMobil
XOM
$679B
| $477M | 0.22% |
6,119,500
-4,419,000
| -42% | -$353M |
|
70
PUT
Pfizer
PFE
$160B
| $475M | 0.22% |
15,493,378
+5,148,263
| +50% | +$162M |
|
71
PUT
Biogen
BIIB
$32B
| $473M | 0.22% |
1,543,000
-633,200
| -29% | -$182M |
|
72
iShares Russell 2000 ETF
IWM
$81.9B
| $471M | 0.22% |
4,186,525
+823,459
| +24% | +$95M |
|
73
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $461M | 0.21% |
5,721,000
+3,934,200
| +220% | +$327M |
|
74
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $461M | 0.21% |
11,787,800
+3,703,400
| +46% | +$147M |
|
75
Berkshire Hathaway Class B
BRK.B
$1.06T
| $460M | 0.21% |
3,485,384
+1,688,715
| +94% | +$227M |
|
Similar funds
Jeff Yass's Q4 2015 Portfolio in Review
As of Q4 2015, Jeff Yass held 10,716 positions worth $216B, down 6.4% from $231B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $26.7B in Q4 2015, closing 1,373 positions and reducing 4,567 holdings. Its most notable exit was Altera Corp, an estimated $97.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.9% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in Alphabet (Google) Class A worth $510M.
- Jeff Yass's largest Q4 2015 buy was Alphabet (Google) Class A: 13,098,340 shares worth $510M.
- Jeff Yass added most to Synchrony in Q4 2015, an estimated $683M increase.
- Jeff Yass's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $805M.
- Jeff Yass fully exited Altera Corp in Q4 2015, selling an estimated $97.3M.
- Jeff Yass's ten largest holdings make up 21% of its $216B portfolio in Q4 2015.
- Jeff Yass opened 1,138 new positions and closed 1,373 in Q4 2015.
- Jeff Yass's portfolio value fell 6.4% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q4 2015, filed 16 Feb 2016.