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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$444M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$252M |
| 3 |
Bank of America
BAC
|
+$191M |
| 4 |
Citigroup
C
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$518M |
| 3 |
Meta Platforms (Facebook)
META
|
+$292M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$245M |
| 5 |
AGN
Allergan plc
AGN
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 1.95% |
| 2 | Technology | 1.63% |
| 3 | Consumer Discretionary | 1.42% |
| 4 | Communication Services | 1.39% |
| 5 | Healthcare | 1.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Baidu
BIDU
$31.6B
| $372M | 0.2% |
1,947,300
-802,600
| -29% | -$137M |
|
77
PUT
Pfizer
PFE
$160B
| $366M | 0.19% |
13,000,879
-2,492,499
| -16% | -$71.2M |
|
78
PUT
McDonald's
MCD
$192B
| $364M | 0.19% |
2,894,300
+545,900
| +23% | +$65.2M |
|
79
PUT
AT&T
T
$173B
| $360M | 0.19% |
12,162,661
+675,769
| +6% | +$18.7M |
|
80
PUT
Caterpillar
CAT
$381B
| $357M | 0.19% |
4,664,700
-1,544,900
| -25% | -$104M |
|
81
PUT
SPDR Gold Trust
GLD
$152B
| $355M | 0.19% |
3,020,300
+304,370
| +11% | +$34.5M |
|
82
CALL
Johnson & Johnson
JNJ
$651B
| $354M | 0.19% |
3,267,600
-443,600
| -12% | -$45.9M |
|
|
83
CALL
Caterpillar
CAT
$381B
| $347M | 0.18% |
4,532,800
+1,606,200
| +55% | +$108M |
|
84
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $341M | 0.18% |
4,179,700
-1,137,000
| -21% | -$90.3M |
|
85
PUT
Bausch Health
BHC
$2.41B
| $336M | 0.18% |
12,788,300
+6,179,100
| +93% | +$457M |
|
86
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $334M | 0.18% |
5,783,300
-616,400
| -10% | -$34M |
|
87
iShares Russell 2000 ETF
IWM
$81.9B
| $330M | 0.18% |
2,980,595
-1,205,930
| -29% | -$125M |
|
|
CELG
88
CALL
DELISTED
Celgene Corp
CELG
| $329M | 0.18% |
3,291,200
-769,700
| -19% | -$79.3M |
|
89
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $320M | 0.17% |
10,346,800
+3,706,400
| +56% | +$108M |
|
|
90
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $317M | 0.17% |
2,231,300
+226,700
| +11% | +$30.1M |
|
91
PUT
JPMorgan Chase
JPM
$935B
| $315M | 0.17% |
5,323,900
-2,316,800
| -30% | -$135M |
|
92
CALL
Coca-Cola
KO
$392B
| $313M | 0.17% |
6,745,100
+927,100
| +16% | +$40.3M |
|
93
CALL
Wells Fargo
WFC
$254B
| $311M | 0.17% |
6,435,000
-1,635,400
| -20% | -$80.1M |
|
94
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $308M | 0.16% |
3,546,600
-879,300
| -20% | -$78.6M |
|
95
CALL
Comcast
CMCSA
$95.3B
| $308M | 0.16% |
10,083,000
-287,000
| -3% | -$8.24M |
|
96
CALL
Intel
INTC
$476B
| $302M | 0.16% |
9,338,900
-5,214,100
| -36% | -$160M |
|
|
97
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $301M | 0.16% |
9,717,000
-6,451,200
| -40% | -$187M |
|
98
CALL
Kinder Morgan
KMI
$69B
| $300M | 0.16% |
16,808,600
+334,700
| +2% | +$5.48M |
|
99
PUT
Morgan Stanley
MS
$336B
| $300M | 0.16% |
11,983,000
-2,302,000
| -16% | -$58.7M |
|
|
QIHU
100
PUT
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $295M | 0.16% |
3,898,500
+292,800
| +8% | +$21.2M |
|
Similar funds
Jeff Yass's Q1 2016 Portfolio in Review
As of Q1 2016, Jeff Yass held 10,537 positions worth $188B, down 13% from $216B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass withdrew a net $22.6B in Q1 2016, closing 1,613 positions and reducing 4,303 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $84.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2% of assets, down from 2.2% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares National Muni Bond ETF worth $17.4M.
- Jeff Yass's largest Q1 2016 buy was iShares National Muni Bond ETF: 155,932 shares worth $17.4M.
- Jeff Yass added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $444M increase.
- Jeff Yass's biggest Q1 2016 reduction was Apple, cutting an estimated $2.59B.
- Jeff Yass fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $84.4M.
- Jeff Yass's ten largest holdings make up 24% of its $188B portfolio in Q1 2016.
- Jeff Yass opened 1,208 new positions and closed 1,613 in Q1 2016.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $188B.
Based on Susquehanna International Group's 13F filing for Q1 2016, filed 13 May 2016.