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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$444M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$252M |
| 3 |
Bank of America
BAC
|
+$191M |
| 4 |
Citigroup
C
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$518M |
| 3 |
Meta Platforms (Facebook)
META
|
+$292M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$245M |
| 5 |
AGN
Allergan plc
AGN
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 1.95% |
| 2 | Technology | 1.63% |
| 3 | Consumer Discretionary | 1.42% |
| 4 | Communication Services | 1.39% |
| 5 | Healthcare | 1.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
JPMorgan Chase
JPM
$935B
| $536M | 0.29% |
9,044,500
-171,500
| -2% | -$10M |
|
52
CALL
AT&T
T
$173B
| $536M | 0.29% |
18,103,582
+1,969,318
| +12% | +$54.5M |
|
53
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $533M | 0.28% |
15,750,100
+1,002,300
| +7% | +$31.4M |
|
54
PUT
Microsoft
MSFT
$3.59T
| $515M | 0.27% |
9,322,400
-2,279,800
| -20% | -$120M |
|
55
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $514M | 0.27% |
2,912,300
-81,000
| -3% | -$13.5M |
|
56
Synchrony
SYF
$25.9B
| $505M | 0.27% |
17,634,709
-4,175,403
| -19% | -$116M |
|
|
57
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $500M | 0.27% |
3,524,100
+663,100
| +23% | +$87.9M |
|
58
PUT
Boeing
BA
$169B
| $483M | 0.26% |
3,807,900
+926,800
| +32% | +$115M |
|
59
CALL
Verizon
VZ
$205B
| $475M | 0.25% |
8,775,200
+1,729,800
| +25% | +$86.5M |
|
|
60
PUT
Citigroup
C
$221B
| $468M | 0.25% |
11,214,800
+4,144,700
| +59% | +$173M |
|
61
CALL
IBM
IBM
$222B
| $465M | 0.25% |
3,214,986
+976,337
| +44% | +$125M |
|
|
AGN
62
CALL
DELISTED
Allergan plc
AGN
| $461M | 0.25% |
1,718,200
-594,600
| -26% | -$170M |
|
63
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $457M | 0.24% |
11,544,000
+5,784,400
| +100% | +$216M |
|
64
Amazon
AMZN
$2.79T
| $456M | 0.24% |
15,370,080
+2,767,280
| +22% | +$78.5M |
|
65
CALL
McDonald's
MCD
$192B
| $451M | 0.24% |
3,588,600
+451,400
| +14% | +$53.9M |
|
66
PUT
Goldman Sachs
GS
$303B
| $435M | 0.23% |
2,770,000
+456,900
| +20% | +$70.7M |
|
|
67
Alphabet (Google) Class C
GOOG
$4.18T
| $417M | 0.22% |
11,193,680
-23,240
| -0.2% | -$832K |
|
68
CALL
Chevron
CVX
$403B
| $415M | 0.22% |
4,349,600
-966,900
| -18% | -$84.6M |
|
|
69
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $412M | 0.22% |
12,161,300
-5,478,300
| -31% | -$172M |
|
70
CALL
Baidu
BIDU
$31.6B
| $400M | 0.21% |
2,098,000
-529,200
| -20% | -$90.1M |
|
71
PUT
Johnson & Johnson
JNJ
$651B
| $400M | 0.21% |
3,695,100
-22,600
| -0.6% | -$2.34M |
|
72
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $399M | 0.21% |
42,310,000
-3,880,000
| -8% | -$36.9M |
|
73
PUT
Procter & Gamble
PG
$336B
| $395M | 0.21% |
4,804,000
+1,247,300
| +35% | +$100M |
|
74
PUT
Biogen
BIIB
$32B
| $395M | 0.21% |
1,518,400
-24,600
| -2% | -$6.5M |
|
|
75
PUT
Chevron
CVX
$403B
| $388M | 0.21% |
4,063,400
-814,200
| -17% | -$71.2M |
|
Similar funds
Jeff Yass's Q1 2016 Portfolio in Review
As of Q1 2016, Jeff Yass held 10,537 positions worth $188B, down 13% from $216B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass withdrew a net $22.6B in Q1 2016, closing 1,613 positions and reducing 4,303 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $84.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2% of assets, down from 2.2% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares National Muni Bond ETF worth $17.4M.
- Jeff Yass's largest Q1 2016 buy was iShares National Muni Bond ETF: 155,932 shares worth $17.4M.
- Jeff Yass added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $444M increase.
- Jeff Yass's biggest Q1 2016 reduction was Apple, cutting an estimated $2.59B.
- Jeff Yass fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $84.4M.
- Jeff Yass's ten largest holdings make up 24% of its $188B portfolio in Q1 2016.
- Jeff Yass opened 1,208 new positions and closed 1,613 in Q1 2016.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $188B.
Based on Susquehanna International Group's 13F filing for Q1 2016, filed 13 May 2016.