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 | |
|---|---|---|---|---|---|---|
|
AGN
76
PUT
DELISTED
Allergan plc
AGN
| $500M | 0.2% |
1,943,400
+277,400
| +17% | +$69.3M |
|
77
CALL
Occidental Petroleum
OXY
$61.3B
| $498M | 0.2% |
6,192,026
+922,844
| +18% | +$76.6M |
|
|
78
Ford
F
$57.5B
| $496M | 0.2% |
32,025,196
+14,612,128
| +84% | +$215M |
|
79
PUT
Microsoft
MSFT
$3.59T
| $495M | 0.2% |
10,667,100
-3,450,500
| -24% | -$162M |
|
80
CALL
Johnson & Johnson
JNJ
$651B
| $495M | 0.2% |
4,737,900
+1,187,900
| +33% | +$125M |
|
81
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $495M | 0.2% |
11,899,600
-3,697,300
| -24% | -$146M |
|
82
PUT
Intuitive Surgical
ISRG
$134B
| $493M | 0.2% |
8,386,200
-436,500
| -5% | -$24.3M |
|
|
TWTR
83
PUT
DELISTED
Twitter, Inc.
TWTR
| $490M | 0.19% |
13,647,400
+2,851,100
| +26% | +$121M |
|
84
PUT
ExxonMobil
XOM
$679B
| $488M | 0.19% |
5,275,900
-884,800
| -14% | -$82.5M |
|
|
AGN
85
CALL
DELISTED
Allergan plc
AGN
| $477M | 0.19% |
1,853,200
+632,100
| +52% | +$158M |
|
86
Berkshire Hathaway Class B
BRK.B
$1.06T
| $474M | 0.19% |
3,160,039
+458,086
| +17% | +$66.1M |
|
87
CALL
Goldman Sachs
GS
$303B
| $464M | 0.18% |
2,396,400
-244,300
| -9% | -$45.9M |
|
|
88
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $458M | 0.18% |
3,048,400
+488,400
| +19% | +$70.5M |
|
89
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $456M | 0.18% |
9,823,500
-2,437,400
| -20% | -$124M |
|
90
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $455M | 0.18% |
2,557,100
-2,013,000
| -44% | -$349M |
|
91
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $454M | 0.18% |
2,373,600
+1,474,350
| +164% | +$328M |
|
|
92
Alibaba
BABA
$286B
| $454M | 0.18% |
4,363,997
+3,972,681
| +1,015% | +$408M |
|
|
WBA
93
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $450M | 0.18% |
5,906,300
-2,351,500
| -28% | -$157M |
|
|
94
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $450M | 0.18% |
11,369,400
+1,515,400
| +15% | +$63M |
|
95
Amazon
AMZN
$2.79T
| $449M | 0.18% |
28,951,880
+7,451,840
| +35% | +$116M |
|
|
TWTR
96
CALL
DELISTED
Twitter, Inc.
TWTR
| $447M | 0.18% |
12,450,000
+1,792,000
| +17% | +$76.3M |
|
97
CALL
IBM
IBM
$222B
| $438M | 0.17% |
2,853,279
+1,201,854
| +73% | +$191M |
|
98
PUT
Mastercard
MA
$509B
| $436M | 0.17% |
5,064,300
+87,900
| +2% | +$7.17M |
|
99
PUT
GE Aerospace
GE
$361B
| $433M | 0.17% |
3,573,651
+55,170
| +2% | +$6.78M |
|
100
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $428M | 0.17% |
3,401,900
+1,031,700
| +44% | +$125M |
|
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.