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 | |
|---|---|---|---|---|---|---|
1026
CALL
Ambarella
AMBA
$3.1B
| $18.9M | 0.01% |
421,700
-358,100
| -46% | -$14.8M |
|
|
JOY
1027
PUT
DELISTED
Joy Global Inc
JOY
| $18.8M | 0.01% |
1,169,900
-463,100
| -28% | -$5.83M |
|
1028
PUT
State Street Technology Select Sector SPDR ETF
XLK
$119B
| $18.8M | 0.01% |
846,400
-2,426,800
| -74% | -$50.1M |
|
|
CLR
1029
CALL
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $18.7M | 0.01% |
617,300
-73,400
| -11% | -$1.66M |
|
1030
CALL
Antero Resources
AR
$11.4B
| $18.7M | 0.01% |
752,800
-54,100
| -7% | -$1.3M |
|
1031
CALL
Bath & Body Works
BBWI
$3.75B
| $18.7M | 0.01% |
263,728
-342,031
| -56% | -$24.5M |
|
1032
PUT
United Therapeutics
UTHR
$22.2B
| $18.7M | 0.01% |
168,000
+106,000
| +171% | +$13.4M |
|
1033
CALL
Incyte
INCY
$26.3B
| $18.7M | 0.01% |
258,100
+46,600
| +22% | +$3.47M |
|
1034
CALL
Markel Group
MKL
$22.4B
| $18.6M | 0.01% |
20,900
+1,300
| +7% | +$1.12M |
|
1035
PUT
Exelon
EXC
$45.4B
| $18.6M | 0.01% |
728,479
-556,314
| -43% | -$12.5M |
|
1036
PUT
Suncor Energy
SU
$77.7B
| $18.6M | 0.01% |
669,800
-141,100
| -17% | -$3.41M |
|
1037
PUT
RH
RH
$2.72B
| $18.6M | 0.01% |
443,500
-8,100
| -2% | -$414K |
|
1038
CALL
Cardinal Health
CAH
$54.5B
| $18.5M | 0.01% |
226,200
+51,400
| +29% | +$4.18M |
|
|
FAZ
1039
CALL
Direxion Daily Financial Bear 3x ETF
FAZ
$88.4M
| $18.5M | 0.01% |
1,090
-872
| -44% | -$17.8M |
|
|
IOC
1040
PUT
DELISTED
Interoil Corporation
IOC
| $18.4M | 0.01% |
579,500
-260,900
| -31% | -$7.34M |
|
1041
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $18.4M | 0.01% |
167,000
+40,700
| +32% | +$4.34M |
|
1042
CALL
FirstEnergy
FE
$27B
| $18.4M | 0.01% |
511,700
+191,100
| +60% | +$6.42M |
|
|
PPL
1043
CALL
PPL Corp
PPL
$26.5B
| $18.4M | 0.01% |
482,400
-151,700
| -24% | -$5.39M |
|
1044
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
| $18.3M | 0.01% |
745,500
-359,300
| -33% | -$8.33M |
|
1045
CALL
American Electric Power
AEP
$66.6B
| $18.3M | 0.01% |
275,300
-61,900
| -18% | -$3.83M |
|
1046
PUT
iShares US Transportation ETF
IYT
$2.28B
| $18.2M | 0.01% |
512,400
-17,600
| -3% | -$575K |
|
1047
CALL
Travelers Companies
TRV
$76.9B
| $18.2M | 0.01% |
156,200
+31,600
| +25% | +$3.45M |
|
1048
PUT
ProShares UltraPro S&P 500
UPRO
$5.5B
| $18.2M | 0.01% |
1,727,400
-1,397,400
| -45% | -$12.6M |
|
1049
PUT
CNX Resources
CNX
$5.29B
| $18.2M | 0.01% |
1,936,320
-551,280
| -22% | -$4.01M |
|
|
BLUE
1050
PUT
DELISTED
bluebird bio
BLUE
| $18.2M | 0.01% |
33,057
-494
| -1% | -$303K |
|
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.