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 |
Synchrony
SYF
|
+$683M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$485M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$394M |
| 4 |
Apple
AAPL
|
+$378M |
| 5 |
Bausch Health
BHC
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$805M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$603M |
| 3 |
GE Aerospace
GE
|
+$548M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$426M |
| 5 |
Gilead Sciences
GILD
|
+$313M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.05% |
| 2 | Financials | 2.16% |
| 3 | Consumer Discretionary | 1.64% |
| 4 | Communication Services | 1.43% |
| 5 | Healthcare | 1.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Morgan Stanley
MS
$336B
| $454M | 0.21% |
14,285,000
+5,448,700
| +62% | +$181M |
|
|
CELG
77
PUT
DELISTED
Celgene Corp
CELG
| $448M | 0.21% |
3,737,500
-1,233,700
| -25% | -$143M |
|
78
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $443M | 0.2% |
46,190,000
+11,870,000
| +35% | +$145M |
|
79
PUT
Chevron
CVX
$403B
| $439M | 0.2% |
4,877,600
-572,700
| -11% | -$51.6M |
|
80
CALL
Wells Fargo
WFC
$254B
| $439M | 0.2% |
8,070,400
+796,200
| +11% | +$43.2M |
|
81
Meta Platforms (Facebook)
META
$1.4T
| $432M | 0.2% |
4,130,219
+624,379
| +18% | +$64.1M |
|
82
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $428M | 0.2% |
5,316,700
+2,152,200
| +68% | +$179M |
|
83
Amazon
AMZN
$2.79T
| $426M | 0.2% |
12,602,800
-792,440
| -6% | -$25M |
|
|
84
Alphabet (Google) Class C
GOOG
$4.18T
| $426M | 0.2% |
11,216,920
-16,798,020
| -60% | -$603M |
|
85
PUT
Caterpillar
CAT
$381B
| $422M | 0.19% |
6,209,600
-382,400
| -6% | -$26.7M |
|
86
CALL
AT&T
T
$173B
| $419M | 0.19% |
16,134,264
+3,640,206
| +29% | +$92.3M |
|
|
TWC
87
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $418M | 0.19% |
2,250,000
+624,800
| +38% | +$116M |
|
88
PUT
Goldman Sachs
GS
$303B
| $417M | 0.19% |
2,313,100
-498,000
| -18% | -$92.6M |
|
89
PUT
Boeing
BA
$169B
| $417M | 0.19% |
2,881,100
-2,171,200
| -43% | -$313M |
|
90
Invesco QQQ Trust
QQQ
$486B
| $412M | 0.19% |
3,684,674
+192,787
| +6% | +$21.5M |
|
91
CALL
Procter & Gamble
PG
$336B
| $408M | 0.19% |
5,134,400
+1,220,600
| +31% | +$93.3M |
|
|
92
CALL
Bausch Health
BHC
$2.41B
| $406M | 0.19% |
3,994,100
+2,002,700
| +101% | +$225M |
|
|
AGN
93
DELISTED
Allergan plc
AGN
| $392M | 0.18% |
1,255,505
+687,371
| +121% | +$205M |
|
|
TWTR
94
PUT
DELISTED
Twitter, Inc.
TWTR
| $389M | 0.18% |
16,810,000
-2,693,900
| -14% | -$71.9M |
|
95
PUT
General Motors
GM
$77.2B
| $383M | 0.18% |
11,273,300
-636,100
| -5% | -$22.1M |
|
96
PUT
Johnson & Johnson
JNJ
$651B
| $382M | 0.18% |
3,717,700
-3,539,300
| -49% | -$356M |
|
|
VXX
97
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $381M | 0.18% |
1,183,206
-392,038
| -25% | -$125M |
|
|
98
CALL
Johnson & Johnson
JNJ
$651B
| $381M | 0.18% |
3,711,200
-526,800
| -12% | -$53M |
|
99
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $381M | 0.18% |
6,399,700
-1,975,800
| -24% | -$119M |
|
100
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $378M | 0.17% |
2,861,000
-1,649,300
| -37% | -$221M |
|
Similar funds
Jeff Yass's Q4 2015 Portfolio in Review
As of Q4 2015, Jeff Yass held 10,716 positions worth $216B, down 6.4% from $231B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $26.7B in Q4 2015, closing 1,373 positions and reducing 4,567 holdings. Its most notable exit was Altera Corp, an estimated $97.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.9% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in Alphabet (Google) Class A worth $510M.
- Jeff Yass's largest Q4 2015 buy was Alphabet (Google) Class A: 13,098,340 shares worth $510M.
- Jeff Yass added most to Synchrony in Q4 2015, an estimated $683M increase.
- Jeff Yass's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $805M.
- Jeff Yass fully exited Altera Corp in Q4 2015, selling an estimated $97.3M.
- Jeff Yass's ten largest holdings make up 21% of its $216B portfolio in Q4 2015.
- Jeff Yass opened 1,138 new positions and closed 1,373 in Q4 2015.
- Jeff Yass's portfolio value fell 6.4% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q4 2015, filed 16 Feb 2016.