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 | Miscellaneous | 89.8% |
| 2 | Financials | 1.95% |
| 3 | Technology | 1.63% |
| 4 | Consumer Discretionary | 1.42% |
| 5 | Communication Services | 1.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
7501
PUT
State Street SPDR S&P Insurance ETF
KIE
$707M
| $256K | ﹤0.01% |
+11,100
| New | +$244K |
|
7502
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $256K | ﹤0.01% |
5,220
+67
| +1% | +$3.2K |
|
|
STRS
7503
DELISTED
STRATUS PPTYS INC
STRS
| $256K | ﹤0.01% |
+10,785
| New | +$236K |
|
7504
United Microelectronic
UMC
$47.8B
| $256K | ﹤0.01% |
122,900
-15,506
| -11% | -$30.3K |
|
|
WAC
7505
PUT
DELISTED
Walter Investment Mgt Corp
WAC
| $256K | ﹤0.01% |
33,500
-103,100
| -75% | -$939K |
|
7506
Arcturus Therapeutics
ARCT
$460M
| $255K | ﹤0.01% |
9,604
-2,222
| -19% | -$75.2K |
|
7507
CVR Energy
CVI
$4B
| $255K | ﹤0.01% |
9,787
-110,978
| -92% | -$3.24M |
|
7508
PUT
Vanguard Morningstar Growth ETF
VUG
$229B
| $255K | ﹤0.01% |
14,400
-3,600
| -20% | -$60.3K |
|
7509
CALL
Direxion Daily FTSE China Bull 3X ETF
YINN
$658M
| $255K | ﹤0.01% |
890
-1,060
| -54% | -$253K |
|
|
UMPQ
7510
PUT
DELISTED
Umpqua Holdings Corp
UMPQ
| $255K | ﹤0.01% |
16,100
-1,300
| -7% | -$19.6K |
|
|
PZN
7511
DELISTED
Pzena Investment Management, Inc. Class A
PZN
| $255K | ﹤0.01% |
33,740
+10,569
| +46% | +$74.1K |
|
|
QIWI
7512
PUT
DELISTED
QIWI PLC
QIWI
| $255K | ﹤0.01% |
17,600
-23,300
| -57% | -$312K |
|
|
DOC
7513
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $255K | ﹤0.01% |
13,711
-74,426
| -84% | -$1.28M |
|
7514
Gaia
GAIA
$40.4M
| $254K | ﹤0.01% |
39,765
+29,552
| +289% | +$161K |
|
7515
CALL
Hubbell
HUBB
$24.8B
| $254K | ﹤0.01% |
+2,400
| New | +$229K |
|
7516
IQVIA
IQV
$43.2B
| $254K | ﹤0.01% |
3,900
-11,700
| -75% | -$740K |
|
7517
Omnicell
OMCL
$1.52B
| $254K | ﹤0.01% |
9,121
-7,464
| -45% | -$205K |
|
7518
Caesars Entertainment
CZR
$6.04B
| $253K | ﹤0.01% |
22,072
| – | – |
|
7519
ProShares Ultra MSCI EAFE
EFO
$29.3M
| $253K | ﹤0.01% |
8,967
-27,885
| -76% | -$725K |
|
7520
Farmers National Banc Corp
FMNB
$934M
| $253K | ﹤0.01% |
28,439
+15,864
| +126% | +$135K |
|
7521
PUT
Granite Construction
GVA
$5.54B
| $253K | ﹤0.01% |
5,300
-4,900
| -48% | -$199K |
|
7522
Seres Therapeutics
MCRB
$49.7M
| $253K | ﹤0.01% |
+476
| New | +$248K |
|
7523
PUT
Ooma
OOMA
$633M
| $253K | ﹤0.01% |
42,900
-14,400
| -25% | -$92K |
|
7524
Teekay Tankers
TNK
$3.06B
| $253K | ﹤0.01% |
8,620
-84,551
| -91% | -$2.92M |
|
7525
CALL
ReposiTrak
TRAK
$144M
| $253K | ﹤0.01% |
28,000
+9,700
| +53% | +$87.7K |
|
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 $9.01B 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 Miscellaneous at 90% of assets, up from 87% a quarter earlier, followed by Financials and Technology.
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.