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 | |
|---|---|---|---|---|---|---|
951
PUT
Markel Group
MKL
$22.5B
| $21.1M | 0.01% |
23,700
+2,200
| +10% | +$1.89M |
|
|
PARA
952
DELISTED
Paramount Global Class B
PARA
| $21.1M | 0.01% |
383,372
-348,321
| -48% | -$17M |
|
953
CALL
Labcorp
LH
$27.5B
| $21.1M | 0.01% |
209,753
+180,420
| +615% | +$17.3M |
|
954
D.R. Horton
DHI
$41.7B
| $21.1M | 0.01% |
698,012
-32,222
| -4% | -$885K |
|
955
CALL
HSBC
HSBC
$357B
| $21.1M | 0.01% |
760,071
+335,029
| +79% | +$9.91M |
|
956
PUT
Opko Health
OPK
$1.1B
| $21.1M | 0.01% |
2,028,200
-336,000
| -14% | -$3.07M |
|
957
CALL
Molson Coors Class B
TAP
$8.02B
| $21.1M | 0.01% |
218,900
-764,800
| -78% | -$68.2M |
|
958
PUT
Polaris
PII
$3.66B
| $21M | 0.01% |
213,400
-60,900
| -22% | -$5.28M |
|
959
Invesco CurrencyShares Japanese Yen Trust
FXY
$461M
| $20.9M | 0.01% |
243,545
-329,569
| -58% | -$27.7M |
|
960
CALL
Weyerhaeuser
WY
$17.6B
| $20.9M | 0.01% |
674,300
+218,400
| +48% | +$5.83M |
|
961
CALL
Nordic American Tanker
NAT
$1.48B
| $20.9M | 0.01% |
1,494,058
+1,286,007
| +618% | +$17.1M |
|
962
PUT
Emerson Electric
EMR
$87.9B
| $20.9M | 0.01% |
383,800
-41,100
| -10% | -$1.98M |
|
963
CALL
MPLX
MPLX
$59.3B
| $20.8M | 0.01% |
702,100
-1,053,500
| -60% | -$28.6M |
|
964
CALL
Intuit
INTU
$101B
| $20.8M | 0.01% |
200,400
-82,000
| -29% | -$7.92M |
|
|
DATA
965
CALL
DELISTED
Tableau Software, Inc.
DATA
| $20.8M | 0.01% |
453,400
+2,300
| +0.5% | +$133K |
|
966
PUT
Arista Networks
ANET
$237B
| $20.8M | 0.01% |
5,265,600
+1,004,800
| +24% | +$3.93M |
|
967
ICICI Bank
IBN
$106B
| $20.7M | 0.01% |
3,186,856
-435,983
| -12% | -$2.56M |
|
968
CALL
Dominion Energy
D
$58.6B
| $20.7M | 0.01% |
276,100
+11,500
| +4% | +$814K |
|
|
VAL
969
PUT
DELISTED
Valspar
VAL
| $20.7M | 0.01% |
193,200
+176,600
| +1,064% | +$14.6M |
|
970
CALL
Hasbro
HAS
$13.5B
| $20.7M | 0.01% |
258,100
-58,300
| -18% | -$4.33M |
|
|
ENDP
971
PUT
DELISTED
Endo International plc
ENDP
| $20.7M | 0.01% |
734,200
+403,000
| +122% | +$19M |
|
972
PUT
ProShares Ultra S&P500
SSO
$8.36B
| $20.6M | 0.01% |
2,588,000
+143,200
| +6% | +$1.03M |
|
|
GWPH
973
CALL
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $20.6M | 0.01% |
285,700
-26,100
| -8% | -$1.43M |
|
974
AutoZone
AZO
$49.1B
| $20.6M | 0.01% |
25,824
-56,491
| -69% | -$42.7M |
|
975
PUT
Vanguard Real Estate ETF
VNQ
$39.3B
| $20.4M | 0.01% |
244,000
-207,900
| -46% | -$16.2M |
|
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.