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
|
+$1.22B |
| 2 |
Alibaba
BABA
|
+$408M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$292M |
| 4 |
Gilead Sciences
GILD
|
+$218M |
| 5 |
Ford
F
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.37B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$1.18B |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$619M |
| 4 |
Bank of America
BAC
|
+$487M |
| 5 |
Booking.com
BKNG
|
+$406M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.53% |
| 2 | Consumer Discretionary | 2.02% |
| 3 | Financials | 1.63% |
| 4 | Healthcare | 1.38% |
| 5 | Energy | 1.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
CALL
Synaptics
SYNA
$3.66B
| $43.1M | 0.02% |
625,900
-2,800
| -0.4% | -$187K |
|
|
ACAS
802
CALL
DELISTED
American Capital Ltd
ACAS
| $43M | 0.02% |
2,939,900
+2,652,200
| +922% | +$38.7M |
|
803
PUT
Royal Caribbean
RCL
$78.4B
| $42.8M | 0.02% |
519,800
+66,900
| +15% | +$4.69M |
|
804
Transocean
RIG
$6.44B
| $42.8M | 0.02% |
2,337,532
+725,565
| +45% | +$18.1M |
|
805
PUT
Invesco CurrencyShares Japanese Yen Trust
FXY
$461M
| $42.8M | 0.02% |
527,000
+161,700
| +44% | +$13.8M |
|
806
Intuitive Surgical
ISRG
$132B
| $42.8M | 0.02% |
727,956
-761,229
| -51% | -$42.4M |
|
|
GAP
807
PUT
The Gap Inc
GAP
$7.33B
| $42.8M | 0.02% |
1,015,800
-462,300
| -31% | -$18.1M |
|
808
Travelers Companies
TRV
$77.3B
| $42.7M | 0.02% |
403,141
+51,831
| +15% | +$5.23M |
|
809
CALL
Yum! Brands
YUM
$42.9B
| $42.5M | 0.02% |
811,509
-132,145
| -14% | -$6.88M |
|
|
SPLK
810
PUT
DELISTED
Splunk Inc
SPLK
| $42.5M | 0.02% |
720,800
-453,100
| -39% | -$27.8M |
|
811
AbbVie
ABBV
$467B
| $42.4M | 0.02% |
647,656
-89,124
| -12% | -$5.62M |
|
812
PUT
Avis
CAR
$5.19B
| $42.3M | 0.02% |
638,300
+226,500
| +55% | +$13M |
|
813
CALL
Clorox
CLX
$13B
| $42.3M | 0.02% |
405,700
-216,700
| -35% | -$21.7M |
|
|
KRFT
814
CALL
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $42.2M | 0.02% |
674,000
+168,400
| +33% | +$9.85M |
|
815
PUT
WisdomTree India Earnings Fund ETF
EPI
$2.02B
| $42.2M | 0.02% |
1,912,500
+104,500
| +6% | +$2.35M |
|
816
Amgen
AMGN
$240B
| $42.1M | 0.02% |
264,468
-401,037
| -60% | -$62.5M |
|
817
CALL
Goodyear
GT
$1.73B
| $41.8M | 0.02% |
1,464,700
-1,520,300
| -51% | -$37.6M |
|
|
RAI
818
PUT
DELISTED
Reynolds American Inc
RAI
| $41.7M | 0.02% |
1,299,000
+743,600
| +134% | +$23.5M |
|
819
PUT
Southern Company
SO
$104B
| $41.7M | 0.02% |
849,900
+400,400
| +89% | +$18.9M |
|
820
CALL
Crown Castle
CCI
$32.5B
| $41.7M | 0.02% |
530,000
+115,000
| +28% | +$9.22M |
|
821
BlackBerry
BB
$4.48B
| $41.5M | 0.02% |
3,780,797
-208,404
| -5% | -$2.13M |
|
822
American Express
AXP
$228B
| $41.4M | 0.02% |
445,080
-377,898
| -46% | -$33.9M |
|
823
CALL
GameStop
GME
$8.09B
| $41.4M | 0.02% |
4,896,000
+1,480,400
| +43% | +$14.3M |
|
824
Dollar General
DG
$27.6B
| $41.4M | 0.02% |
584,900
-182,247
| -24% | -$11.9M |
|
825
Range Resources
RRC
$9.64B
| $41.3M | 0.02% |
772,959
-118,083
| -13% | -$7.63M |
|
Similar funds
Jeff Yass's Q4 2014 Portfolio in Review
As of Q4 2014, Jeff Yass held 10,737 positions worth $252B, down 3% from $260B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass withdrew a net $10.2B in Q4 2014, closing 1,178 positions and reducing 4,352 holdings. Its most notable exit was Bausch Health, an estimated $68.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, up from 2.2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Northern Trust Morningstar Global Upstream Natural Resources ETF worth $31M.
- Jeff Yass's largest Q4 2014 buy was Northern Trust Morningstar Global Upstream Natural Resources ETF: 1,011,289 shares worth $31M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q4 2014, an estimated $1.22B increase.
- Jeff Yass's biggest Q4 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.37B.
- Jeff Yass fully exited Bausch Health in Q4 2014, selling an estimated $68.9M.
- Jeff Yass's ten largest holdings make up 23% of its $252B portfolio in Q4 2014.
- Jeff Yass opened 1,370 new positions and closed 1,178 in Q4 2014.
- Jeff Yass's portfolio value fell 3% quarter-over-quarter to $252B.
Based on Susquehanna International Group's 13F filing for Q4 2014, filed 17 Feb 2015.