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 |
Alphabet (Google) Class C
GOOG
|
+$769M |
| 2 |
Bank of America
BAC
|
+$569M |
| 3 |
Citigroup
C
|
+$440M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$356M |
| 5 |
Amazon
AMZN
|
+$304M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.22B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$483M |
| 3 |
SPDR Gold Trust
GLD
|
+$246M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$233M |
| 5 |
iShares Russell 2000 Growth ETF
IWO
|
+$202M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Financials | 2.28% |
| 3 | Consumer Discretionary | 1.87% |
| 4 | Communication Services | 1.75% |
| 5 | Energy | 1.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
Ford
F
$57.5B
| $320M | 0.15% |
20,515,800
-1,471,800
| -7% | -$22.8M |
|
102
CALL
Johnson & Johnson
JNJ
$651B
| $319M | 0.15% |
3,244,300
+5,800
| +0.2% | +$538K |
|
103
CALL
Biogen
BIIB
$32B
| $315M | 0.15% |
1,028,700
-67,900
| -6% | -$21.6M |
|
104
CALL
AT&T
T
$173B
| $313M | 0.15% |
11,813,787
+1,389,008
| +13% | +$34.9M |
|
|
105
PUT
Johnson & Johnson
JNJ
$651B
| $312M | 0.14% |
3,180,200
-1,074,400
| -25% | -$99.6M |
|
106
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $305M | 0.14% |
5,774,200
-1,046,000
| -15% | -$48.3M |
|
107
PUT
Coca-Cola
KO
$392B
| $305M | 0.14% |
7,878,600
+67,000
| +0.9% | +$2.59M |
|
108
Procter & Gamble
PG
$336B
| $304M | 0.14% |
3,776,269
+1,351,166
| +56% | +$106M |
|
109
PUT
Cisco
CSCO
$438B
| $303M | 0.14% |
13,527,400
-984,000
| -7% | -$21.7M |
|
110
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $302M | 0.14% |
4,488,000
-2,130,800
| -32% | -$141M |
|
|
111
Ford
F
$57.5B
| $299M | 0.14% |
19,150,914
+6,243,225
| +48% | +$96.6M |
|
112
CALL
Halliburton
HAL
$29.4B
| $297M | 0.14% |
5,047,600
-1,056,100
| -17% | -$56.4M |
|
|
YHOO
113
CALL
DELISTED
Yahoo Inc
YHOO
| $297M | 0.14% |
8,274,700
-16,691,400
| -67% | -$637M |
|
|
WBA
114
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $297M | 0.14% |
4,495,500
+1,484,200
| +49% | +$93.3M |
|
115
CALL
Chevron
CVX
$403B
| $287M | 0.13% |
2,414,200
+317,500
| +15% | +$36.9M |
|
116
Micron Technology
MU
$1.09T
| $286M | 0.13% |
12,087,634
+6,973,462
| +136% | +$166M |
|
|
117
PUT
AT&T
T
$173B
| $284M | 0.13% |
10,740,553
-2,196,516
| -17% | -$55.2M |
|
118
CALL
Wells Fargo
WFC
$254B
| $283M | 0.13% |
5,694,200
+852,500
| +18% | +$39.7M |
|
|
LNKD
119
CALL
DELISTED
LinkedIn Corporation
LNKD
| $281M | 0.13% |
1,521,800
-247,500
| -14% | -$50.7M |
|
|
120
PUT
Chevron
CVX
$403B
| $272M | 0.13% |
2,290,800
+569,000
| +33% | +$66.2M |
|
121
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $272M | 0.13% |
3,449,400
+2,146,500
| +165% | +$179M |
|
122
Microsoft
MSFT
$3.59T
| $271M | 0.13% |
6,614,199
+1,305,785
| +25% | +$49M |
|
123
Boeing
BA
$169B
| $270M | 0.13% |
2,152,818
+150,755
| +8% | +$19.6M |
|
124
CALL
Herbalife
HLF
$1.33B
| $270M | 0.13% |
9,423,000
-2,981,800
| -24% | -$98.5M |
|
125
PUT
lululemon athletica
LULU
$13.7B
| $268M | 0.12% |
5,087,100
+1,137,900
| +29% | +$56.8M |
|
Similar funds
Jeff Yass's Q1 2014 Portfolio in Review
As of Q1 2014, Jeff Yass held 10,124 positions worth $216B, down 0.37% from $217B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass's Q1 2014 filing shows 1,198 new, 3,663 increased, 3,868 reduced and 1,303 closed positions. Its largest new stake was VanEck Junior Gold Miners ETF: 1,956,976 shares worth $70.7M. The largest sale was Apple, an estimated $2.22B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 3.6% a quarter earlier, followed by Financials and Consumer Discretionary.
- Jeff Yass's largest Q1 2014 buy was VanEck Junior Gold Miners ETF: 1,956,976 shares worth $70.7M.
- Jeff Yass added most to Alphabet (Google) Class C in Q1 2014, an estimated $769M increase.
- Jeff Yass's biggest Q1 2014 reduction was Apple, cutting an estimated $2.22B.
- Jeff Yass fully exited Vodafone in Q1 2014, selling an estimated $54.1M.
- Jeff Yass's ten largest holdings make up 23% of its $216B portfolio in Q1 2014.
- Jeff Yass opened 1,198 new positions and closed 1,303 in Q1 2014.
- Jeff Yass's portfolio value fell 0.37% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q1 2014, filed 14 May 2014.