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 | |
|---|---|---|---|---|---|---|
|
BXLT
926
CALL
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $22.2M | 0.01% |
549,400
-218,400
| -28% | -$8.64M |
|
|
MRO
927
CALL
DELISTED
Marathon Oil Corporation
MRO
| $22.2M | 0.01% |
1,991,700
+692,000
| +53% | +$6.47M |
|
928
Salesforce
CRM
$171B
| $22.2M | 0.01% |
300,240
+144,246
| +92% | +$9.93M |
|
929
BlackBerry
BB
$4.48B
| $22.2M | 0.01% |
2,739,840
+780,543
| +40% | +$5.86M |
|
930
CALL
Vulcan Materials
VMC
$35.8B
| $22.1M | 0.01% |
209,000
-24,500
| -10% | -$2.32M |
|
931
CALL
Rio Tinto
RIO
$170B
| $22M | 0.01% |
777,800
-133,400
| -15% | -$3.55M |
|
932
Freeport-McMoran
FCX
$112B
| $21.9M | 0.01% |
2,122,767
-6,136,032
| -74% | -$43.1M |
|
933
CALL
Equinix
EQIX
$104B
| $21.9M | 0.01% |
66,100
-53,100
| -45% | -$16.2M |
|
934
PUT
Carnival Corporation Ltd
CCL
$35.2B
| $21.8M | 0.01% |
413,500
-196,300
| -32% | -$9.5M |
|
935
PUT
Plains All American Pipeline
PAA
$17.6B
| $21.7M | 0.01% |
1,036,800
-99,700
| -9% | -$2.1M |
|
936
CALL
Acadia Pharmaceuticals
ACAD
$5.11B
| $21.7M | 0.01% |
776,100
+222,200
| +40% | +$4.85M |
|
937
PUT
Kohl's
KSS
$2.08B
| $21.6M | 0.01% |
464,400
+125,700
| +37% | +$5.9M |
|
|
BXLT
938
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $21.6M | 0.01% |
535,205
+496,306
| +1,276% | +$19.6M |
|
939
PUT
T-Mobile US
TMUS
$196B
| $21.6M | 0.01% |
563,600
-321,200
| -36% | -$12.1M |
|
940
CALL
Vanguard Real Estate ETF
VNQ
$39.3B
| $21.6M | 0.01% |
257,500
+200,300
| +350% | +$15.6M |
|
941
PUT
Nu Skin
NUS
$232M
| $21.6M | 0.01% |
563,600
-173,800
| -24% | -$5.75M |
|
942
PUT
Synaptics
SYNA
$3.66B
| $21.5M | 0.01% |
269,200
-69,800
| -21% | -$5.29M |
|
943
PUT
iShares Russell 2000 Growth ETF
IWO
$15B
| $21.5M | 0.01% |
161,700
-368,800
| -70% | -$46M |
|
|
BPL
944
CALL
DELISTED
Buckeye Partners, L.P.
BPL
| $21.4M | 0.01% |
315,500
+230,200
| +270% | +$14.1M |
|
945
CALL
Wayfair
W
$14.1B
| $21.4M | 0.01% |
494,700
-270,200
| -35% | -$11.2M |
|
946
CALL
Corning
GLW
$125B
| $21.3M | 0.01% |
1,021,400
-773,200
| -43% | -$14.3M |
|
947
CALL
Parker-Hannifin
PH
$128B
| $21.3M | 0.01% |
191,500
+47,700
| +33% | +$4.79M |
|
948
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| $21.2M | 0.01% |
865,378
+848,132
| +4,918% | +$19.7M |
|
|
RDS.A
949
PUT
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $21.2M | 0.01% |
461,980
-298,810
| -39% | -$12.7M |
|
950
Caterpillar
CAT
$373B
| $21.2M | 0.01% |
276,870
-1,133,384
| -80% | -$76M |
|
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.