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 |
Alphabet (Google) Class C
GOOG
|
+$769M |
| 2 |
Bank of America
BAC
|
+$569M |
| 3 |
Citigroup
C
|
+$440M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$356M |
| 5 |
Amazon
AMZN
|
+$304M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.22B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$483M |
| 3 |
SPDR Gold Trust
GLD
|
+$246M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$233M |
| 5 |
iShares Russell 2000 Growth ETF
IWO
|
+$202M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Financials | 2.28% |
| 3 | Consumer Discretionary | 1.87% |
| 4 | Communication Services | 1.75% |
| 5 | Energy | 1.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Biogen
BIIB
$32B
| $404M | 0.19% |
1,322,000
+572,800
| +76% | +$182M |
|
77
General Motors
GM
$77.2B
| $401M | 0.19% |
11,660,410
+7,780,587
| +201% | +$286M |
|
|
YHOO
78
PUT
DELISTED
Yahoo Inc
YHOO
| $396M | 0.18% |
11,024,100
+3,857,500
| +54% | +$147M |
|
79
JPMorgan Chase
JPM
$935B
| $392M | 0.18% |
6,459,274
+3,685,076
| +133% | +$213M |
|
80
CALL
Mastercard
MA
$509B
| $389M | 0.18% |
5,202,400
-7,922,600
| -60% | -$619M |
|
|
81
Amazon
AMZN
$2.79T
| $379M | 0.18% |
22,513,820
+16,398,680
| +268% | +$304M |
|
82
CALL
Procter & Gamble
PG
$336B
| $379M | 0.18% |
4,698,400
-622,400
| -12% | -$49M |
|
|
YHOO
83
DELISTED
Yahoo Inc
YHOO
| $375M | 0.17% |
10,459,126
+5,227,872
| +100% | +$199M |
|
84
Gilead Sciences
GILD
$181B
| $375M | 0.17% |
5,291,117
+3,397,384
| +179% | +$266M |
|
85
PUT
American International
AIG
$39.8B
| $359M | 0.17% |
7,172,700
-472,600
| -6% | -$23.5M |
|
86
GE Aerospace
GE
$361B
| $358M | 0.17% |
2,883,563
+1,465,580
| +103% | +$181M |
|
87
CALL
Visa
V
$693B
| $356M | 0.17% |
6,599,600
-3,206,800
| -33% | -$178M |
|
|
LNKD
88
PUT
DELISTED
LinkedIn Corporation
LNKD
| $351M | 0.16% |
1,900,300
-62,200
| -3% | -$12.8M |
|
89
PUT
Wynn Resorts
WYNN
$10.3B
| $350M | 0.16% |
1,576,900
-164,500
| -9% | -$36.2M |
|
90
PUT
Verizon
VZ
$205B
| $346M | 0.16% |
7,253,900
+3,268,800
| +82% | +$155M |
|
|
91
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $345M | 0.16% |
1,377,700
+13,900
| +1% | +$3.41M |
|
92
VanEck Gold Miners ETF
GDX
$31.8B
| $341M | 0.16% |
14,448,905
+4,366,673
| +43% | +$107M |
|
|
CELG
93
CALL
DELISTED
Celgene Corp
CELG
| $340M | 0.16% |
4,872,200
-200,400
| -4% | -$15.9M |
|
94
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $335M | 0.16% |
2,682,800
-659,600
| -20% | -$77.1M |
|
95
CALL
Intuitive Surgical
ISRG
$134B
| $332M | 0.15% |
6,829,200
+2,063,700
| +43% | +$97.2M |
|
|
96
Berkshire Hathaway Class B
BRK.B
$1.06T
| $331M | 0.15% |
2,647,001
+40,984
| +2% | +$4.79M |
|
97
PUT
ExxonMobil
XOM
$679B
| $329M | 0.15% |
3,372,500
-194,200
| -5% | -$18.5M |
|
98
CALL
Goldman Sachs
GS
$303B
| $326M | 0.15% |
1,990,000
-424,100
| -18% | -$71.3M |
|
99
PUT
Caterpillar
CAT
$381B
| $324M | 0.15% |
3,265,300
-1,493,200
| -31% | -$141M |
|
|
100
CALL
JPMorgan Chase
JPM
$935B
| $321M | 0.15% |
5,294,200
-1,288,600
| -20% | -$74.5M |
|
Similar funds
Jeff Yass's Q1 2014 Portfolio in Review
As of Q1 2014, Jeff Yass held 10,124 positions worth $216B, down 0.37% from $217B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass's Q1 2014 filing shows 1,198 new, 3,663 increased, 3,868 reduced and 1,303 closed positions. Its largest new stake was VanEck Junior Gold Miners ETF: 1,956,976 shares worth $70.7M. The largest sale was Apple, an estimated $2.22B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 3.6% a quarter earlier, followed by Financials and Consumer Discretionary.
- Jeff Yass's largest Q1 2014 buy was VanEck Junior Gold Miners ETF: 1,956,976 shares worth $70.7M.
- Jeff Yass added most to Alphabet (Google) Class C in Q1 2014, an estimated $769M increase.
- Jeff Yass's biggest Q1 2014 reduction was Apple, cutting an estimated $2.22B.
- Jeff Yass fully exited Vodafone in Q1 2014, selling an estimated $54.1M.
- Jeff Yass's ten largest holdings make up 23% of its $216B portfolio in Q1 2014.
- Jeff Yass opened 1,198 new positions and closed 1,303 in Q1 2014.
- Jeff Yass's portfolio value fell 0.37% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q1 2014, filed 14 May 2014.