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
|
+$726M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$599M |
| 3 |
Apple
AAPL
|
+$578M |
| 4 |
Meta Platforms (Facebook)
META
|
+$328M |
| 5 |
American Airlines Group
AAL
|
+$317M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.17B |
| 2 |
Gilead Sciences
GILD
|
+$392M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$285M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$225M |
| 5 |
Intel
INTC
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.09% |
| 2 | Consumer Discretionary | 2.15% |
| 3 | Financials | 1.67% |
| 4 | Healthcare | 1.64% |
| 5 | Communication Services | 1.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
GE Aerospace
GE
$361B
| $416M | 0.18% |
3,267,704
+383,168
| +13% | +$49.7M |
|
77
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $413M | 0.18% |
809,000
+15,300
| +2% | +$7.47M |
|
78
CALL
AT&T
T
$173B
| $409M | 0.17% |
15,255,128
-7,232,747
| -32% | -$187M |
|
79
Amazon
AMZN
$2.79T
| $409M | 0.17% |
18,823,480
-1,545,080
| -8% | -$32.3M |
|
80
PUT
Microsoft
MSFT
$3.59T
| $407M | 0.17% |
9,212,600
-1,587,800
| -15% | -$72.4M |
|
81
PUT
Freeport-McMoran
FCX
$110B
| $396M | 0.17% |
21,271,200
+13,169,500
| +163% | +$272M |
|
82
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $394M | 0.17% |
2,238,400
+416,800
| +23% | +$75M |
|
83
CALL
SPDR Gold Trust
GLD
$152B
| $394M | 0.17% |
3,502,060
-3,115,960
| -47% | -$357M |
|
|
84
PUT
SPDR Gold Trust
GLD
$152B
| $392M | 0.17% |
3,486,990
+277,740
| +9% | +$31.8M |
|
85
PUT
American Express
AXP
$227B
| $391M | 0.17% |
5,032,100
-366,300
| -7% | -$29.1M |
|
|
CELG
86
CALL
DELISTED
Celgene Corp
CELG
| $391M | 0.17% |
3,374,100
-1,743,800
| -34% | -$199M |
|
87
PUT
Johnson & Johnson
JNJ
$651B
| $380M | 0.16% |
3,895,800
+752,800
| +24% | +$75.4M |
|
88
PUT
Walt Disney
DIS
$186B
| $377M | 0.16% |
3,302,000
-88,100
| -3% | -$9.67M |
|
89
VanEck Gold Miners ETF
GDX
$31.8B
| $375M | 0.16% |
21,126,383
+2,816,702
| +15% | +$54.8M |
|
90
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $374M | 0.16% |
30,915,000
+975,000
| +3% | +$12.3M |
|
|
91
CALL
Intel
INTC
$476B
| $373M | 0.16% |
12,252,500
-1,530,600
| -11% | -$49.5M |
|
92
PUT
General Motors
GM
$77.2B
| $371M | 0.16% |
11,125,800
+92,300
| +0.8% | +$3.29M |
|
93
PUT
Caterpillar
CAT
$381B
| $362M | 0.15% |
4,268,000
-1,255,800
| -23% | -$108M |
|
94
CALL
Bank of America
BAC
$431B
| $359M | 0.15% |
21,079,700
+3,161,500
| +18% | +$52.1M |
|
|
95
PUT
American Airlines Group
AAL
$9.15B
| $358M | 0.15% |
8,956,700
+4,018,100
| +81% | +$183M |
|
96
CALL
United States Oil Fund
USO
$2.24B
| $355M | 0.15% |
2,229,513
-496,050
| -18% | -$78.8M |
|
97
PUT
Humana
HUM
$45.5B
| $353M | 0.15% |
1,845,400
+1,498,600
| +432% | +$278M |
|
|
98
CALL
Johnson & Johnson
JNJ
$651B
| $353M | 0.15% |
3,616,900
+1,280,900
| +55% | +$128M |
|
99
PUT
Blackstone
BX
$108B
| $352M | 0.15% |
8,787,856
+2,623,110
| +43% | +$108M |
|
100
PUT
McDonald's
MCD
$192B
| $351M | 0.15% |
3,687,400
+70,200
| +2% | +$6.79M |
|
Similar funds
Jeff Yass's Q2 2015 Portfolio in Review
As of Q2 2015, Jeff Yass held 10,941 positions worth $235B, up 6.8% from $220B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $12.9B of net new capital in Q2 2015, opening 1,599 new positions and adding to 4,693 existing holdings. Its largest new stake was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.17B trimmed.
- Jeff Yass's largest Q2 2015 buy was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
- Jeff Yass added most to Alphabet (Google) Class C in Q2 2015, an estimated $726M increase.
- Jeff Yass's biggest Q2 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.17B.
- Jeff Yass fully exited ACTAVIS PLC Pfd Conv Ser A (Irl) in Q2 2015, selling an estimated $41.7M.
- Jeff Yass's ten largest holdings make up 24% of its $235B portfolio in Q2 2015.
- Jeff Yass opened 1,599 new positions and closed 888 in Q2 2015.
- Jeff Yass's portfolio value rose 6.8% quarter-over-quarter to $235B.
Based on Susquehanna International Group's 13F filing for Q2 2015, filed 14 Aug 2015.