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
|
+$1.58B |
| 2 |
Bank of America
BAC
|
+$690M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$244M |
| 4 |
Coca-Cola
KO
|
+$222M |
| 5 |
United States Oil Fund
USO
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$456M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$433M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$341M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$318M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.99% |
| 2 | Financials | 1.89% |
| 3 | Consumer Discretionary | 1.86% |
| 4 | Healthcare | 1.5% |
| 5 | Energy | 1.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Bausch Health
BHC
$2.41B
| $411M | 0.19% |
2,067,400
+332,500
| +19% | +$59M |
|
77
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $390M | 0.18% |
29,940,000
-14,535,000
| -33% | -$198M |
|
|
GMCR
78
CALL
DELISTED
KEURIG GREEN MTN INC
GMCR
| $388M | 0.18% |
3,471,100
+1,147,600
| +49% | +$143M |
|
79
CALL
General Motors
GM
$77.2B
| $387M | 0.18% |
10,328,300
-4,229,200
| -29% | -$154M |
|
80
Citigroup
C
$221B
| $383M | 0.17% |
7,430,137
+488,811
| +7% | +$24.9M |
|
81
Amazon
AMZN
$2.79T
| $379M | 0.17% |
20,368,560
-8,583,320
| -30% | -$151M |
|
82
PUT
Visa
V
$693B
| $377M | 0.17% |
5,769,500
-714,100
| -11% | -$47.2M |
|
83
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $372M | 0.17% |
2,094,600
-462,500
| -18% | -$82.3M |
|
84
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $372M | 0.17% |
5,705,800
-873,600
| -13% | -$55M |
|
|
WBA
85
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $370M | 0.17% |
4,366,000
-1,540,300
| -26% | -$123M |
|
|
86
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $369M | 0.17% |
5,658,500
-4,028,600
| -42% | -$254M |
|
|
87
CALL
United States Oil Fund
USO
$2.24B
| $367M | 0.17% |
2,725,563
+1,602,513
| +143% | +$231M |
|
88
PUT
Qualcomm
QCOM
$169B
| $366M | 0.17% |
5,281,900
+1,447,900
| +38% | +$102M |
|
89
PUT
SPDR Gold Trust
GLD
$152B
| $365M | 0.17% |
3,209,250
-2,178,550
| -40% | -$255M |
|
90
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $362M | 0.16% |
17,115,669
+447,115
| +3% | +$9.46M |
|
|
LNKD
91
PUT
DELISTED
LinkedIn Corporation
LNKD
| $362M | 0.16% |
1,449,400
-312,600
| -18% | -$77.6M |
|
92
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $358M | 0.16% |
793,700
-48,900
| -6% | -$20.7M |
|
93
PUT
Halliburton
HAL
$29.4B
| $358M | 0.16% |
8,158,300
+219,800
| +3% | +$9.16M |
|
94
PUT
Walt Disney
DIS
$186B
| $356M | 0.16% |
3,390,100
+782,500
| +30% | +$78.9M |
|
95
PUT
McDonald's
MCD
$192B
| $352M | 0.16% |
3,617,200
-483,800
| -12% | -$45.9M |
|
|
GMCR
96
PUT
DELISTED
KEURIG GREEN MTN INC
GMCR
| $352M | 0.16% |
3,148,000
+10,100
| +0.3% | +$1.26M |
|
|
97
CALL
McDonald's
MCD
$192B
| $350M | 0.16% |
3,587,100
-527,400
| -13% | -$50M |
|
|
YHOO
98
CALL
DELISTED
Yahoo Inc
YHOO
| $347M | 0.16% |
7,810,500
-16,552,400
| -68% | -$749M |
|
99
GE Aerospace
GE
$361B
| $343M | 0.16% |
2,884,536
+473,443
| +20% | +$56.4M |
|
100
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $337M | 0.15% |
2,338,400
-1,001,700
| -30% | -$147M |
|
Similar funds
Jeff Yass's Q1 2015 Portfolio in Review
As of Q1 2015, Jeff Yass held 10,735 positions worth $220B, down 13% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass withdrew a net $35.6B in Q1 2015, closing 1,393 positions and reducing 4,492 holdings. Its most notable exit was RF MICRO DEVICES INC, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.5% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in AB InBev worth $97.4M.
- Jeff Yass's largest Q1 2015 buy was AB InBev: 798,828 shares worth $97.4M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $1.58B increase.
- Jeff Yass's biggest Q1 2015 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $456M.
- Jeff Yass fully exited RF MICRO DEVICES INC in Q1 2015, selling an estimated $38.3M.
- Jeff Yass's ten largest holdings make up 25% of its $220B portfolio in Q1 2015.
- Jeff Yass opened 1,178 new positions and closed 1,393 in Q1 2015.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $220B.
Based on Susquehanna International Group's 13F filing for Q1 2015, filed 15 May 2015.