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 | |
|---|---|---|---|---|---|---|
1051
JD.com
JD
$39.4B
| $18.2M | 0.01% |
686,149
+582,436
| +562% | +$15.3M |
|
1052
PUT
AerCap
AER
$23.2B
| $18.2M | 0.01% |
469,100
+132,700
| +39% | +$4.57M |
|
|
VMW
1053
DELISTED
VMware, Inc
VMW
| $18.2M | 0.01% |
347,584
-243,001
| -41% | -$12M |
|
|
GWPH
1054
PUT
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $18.2M | 0.01% |
251,900
-222,600
| -47% | -$12.2M |
|
1055
CALL
Becton Dickinson
BDX
$52B
| $18.2M | 0.01% |
122,590
+27,162
| +28% | +$3.85M |
|
|
QUNR
1056
PUT
DELISTED
Qunar Cayman Islands Limited
QUNR
| $18.2M | 0.01% |
457,200
-9,200
| -2% | -$355K |
|
1057
Vale
VALE
$64B
| $18.1M | 0.01% |
4,303,300
-2,738,581
| -39% | -$8.51M |
|
1058
CALL
Lennar Class A
LEN
$21.2B
| $18.1M | 0.01% |
393,330
-48,431
| -11% | -$1.99M |
|
|
CVC
1059
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $18.1M | 0.01% |
548,012
+121,868
| +29% | +$3.93M |
|
1060
PUT
Packaging Corp of America
PKG
$22.2B
| $18.1M | 0.01% |
299,200
+268,300
| +868% | +$14.4M |
|
|
DRII
1061
CALL
DELISTED
DIAMOND RESORTS INTL, INC
DRII
| $18M | 0.01% |
742,700
+677,000
| +1,030% | +$14.5M |
|
1062
PUT
Tapestry
TPR
$26.4B
| $18M | 0.01% |
450,100
-1,332,600
| -75% | -$48.2M |
|
1063
Altria Group
MO
$114B
| $18M | 0.01% |
287,875
-1,271,335
| -82% | -$76.9M |
|
|
CMA
1064
CALL
DELISTED
Comerica
CMA
| $18M | 0.01% |
475,400
-4,672,100
| -91% | -$168M |
|
|
FL
1065
CALL
DELISTED
Foot Locker
FL
| $18M | 0.01% |
279,000
+20,400
| +8% | +$1.32M |
|
1066
PUT
iShares MSCI Turkey ETF
TUR
$223M
| $18M | 0.01% |
410,300
-49,800
| -11% | -$1.89M |
|
|
OUTR
1067
PUT
DELISTED
OUTERWALL INC
OUTR
| $18M | 0.01% |
485,900
-158,900
| -25% | -$5.22M |
|
1068
CALL
Alaska Air
ALK
$4.64B
| $18M | 0.01% |
219,000
-39,400
| -15% | -$2.91M |
|
1069
CALL
Royal Caribbean
RCL
$78.4B
| $18M | 0.01% |
218,600
+27,900
| +15% | +$2.18M |
|
|
LLTC
1070
CALL
DELISTED
Linear Technology Corp
LLTC
| $18M | 0.01% |
402,900
+70,000
| +21% | +$2.96M |
|
1071
CALL
Toronto Dominion Bank
TD
$193B
| $17.9M | 0.01% |
416,100
+86,800
| +26% | +$3.35M |
|
1072
Newmont
NEM
$139B
| $17.9M | 0.01% |
674,868
-103,749
| -13% | -$2.4M |
|
1073
United States Oil Fund
USO
$2.07B
| $17.9M | 0.01% |
230,693
+222,767
| +2,811% | +$16.6M |
|
|
CBI
1074
CALL
DELISTED
Chicago Bridge & Iron Nv
CBI
| $17.9M | 0.01% |
488,600
-554,500
| -53% | -$19.8M |
|
1075
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.2B
| $17.8M | 0.01% |
335,400
-1,493,300
| -82% | -$75.9M |
|
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.