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 | |
|---|---|---|---|---|---|---|
1001
CALL
ProShares UltraShort Bloomberg Natural Gas
KOLD
$107M
| $19.6M | 0.01% |
29,670
-24,750
| -45% | -$15.6M |
|
|
MRO
1002
PUT
DELISTED
Marathon Oil Corporation
MRO
| $19.5M | 0.01% |
1,754,400
+1,035,600
| +144% | +$9.68M |
|
1003
CALL
Stanley Black & Decker
SWK
$14.9B
| $19.5M | 0.01% |
185,400
+54,500
| +42% | +$5.29M |
|
1004
PUT
ProShares UltraShort QQQ
QID
$222M
| $19.5M | 0.01% |
8,165
+5,789
| +244% | +$15.6M |
|
1005
iShares TIPS Bond ETF
TIP
$15B
| $19.5M | 0.01% |
169,920
+157,425
| +1,260% | +$17.6M |
|
|
MDVN
1006
CALL
DELISTED
MEDIVATION, INC.
MDVN
| $19.5M | 0.01% |
423,300
-202,000
| -32% | -$7.33M |
|
|
RSX
1007
CALL
DELISTED
VanEck Russia ETF
RSX
| $19.5M | 0.01% |
1,189,400
-442,600
| -27% | -$6.42M |
|
1008
CALL
Williams Companies
WMB
$86.8B
| $19.4M | 0.01% |
1,204,500
-1,868,500
| -61% | -$32.1M |
|
1009
Wynn Resorts
WYNN
$10.2B
| $19.3M | 0.01% |
207,053
-66,856
| -24% | -$4.94M |
|
|
P
1010
PUT
DELISTED
Pandora Media Inc
P
| $19.3M | 0.01% |
2,152,800
-5,133,200
| -70% | -$50.4M |
|
|
QUNR
1011
CALL
DELISTED
Qunar Cayman Islands Limited
QUNR
| $19.2M | 0.01% |
484,300
+5,700
| +1% | +$220K |
|
|
DNKN
1012
PUT
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $19.2M | 0.01% |
406,200
-40,400
| -9% | -$1.73M |
|
|
NBL
1013
CALL
DELISTED
Noble Energy, Inc.
NBL
| $19.1M | 0.01% |
609,500
+263,000
| +76% | +$8.04M |
|
1014
CALL
Eastman Chemical
EMN
$8.31B
| $19.1M | 0.01% |
265,000
+59,500
| +29% | +$3.9M |
|
1015
GoPro
GPRO
$111M
| $19M | 0.01% |
1,592,154
-459,782
| -22% | -$5.7M |
|
1016
CALL
Applied Materials
AMAT
$384B
| $19M | 0.01% |
898,000
-1,009,700
| -53% | -$18.4M |
|
|
IOC
1017
DELISTED
Interoil Corporation
IOC
| $19M | 0.01% |
597,243
-202,982
| -25% | -$5.71M |
|
1018
CALL
Abercrombie & Fitch
ANF
$4.99B
| $19M | 0.01% |
601,800
-519,200
| -46% | -$14.6M |
|
1019
CALL
Northrop Grumman
NOC
$78B
| $19M | 0.01% |
95,900
+5,700
| +6% | +$1.08M |
|
1020
CALL
TripAdvisor
TRIP
$1.19B
| $19M | 0.01% |
285,300
-352,300
| -55% | -$23.3M |
|
|
RAD
1021
DELISTED
Rite Aid Corporation
RAD
| $19M | 0.01% |
116,372
-85,385
| -42% | -$13.5M |
|
|
ESRX
1022
DELISTED
Express Scripts Holding Company
ESRX
| $19M | 0.01% |
276,006
+158,680
| +135% | +$11.4M |
|
1023
AT&T
T
$176B
| $19M | 0.01% |
640,770
-4,104,461
| -86% | -$114M |
|
1024
CALL
Packaging Corp of America
PKG
$22.2B
| $18.9M | 0.01% |
312,600
+116,300
| +59% | +$6.23M |
|
1025
PUT
W.W. Grainger
GWW
$62.3B
| $18.9M | 0.01% |
80,800
-6,000
| -7% | -$1.26M |
|
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.