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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.22B |
| 2 |
Alibaba
BABA
|
+$408M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$292M |
| 4 |
Gilead Sciences
GILD
|
+$218M |
| 5 |
Ford
F
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.37B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$1.18B |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$619M |
| 4 |
Bank of America
BAC
|
+$487M |
| 5 |
Booking.com
BKNG
|
+$406M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.53% |
| 2 | Consumer Discretionary | 2.02% |
| 3 | Financials | 1.63% |
| 4 | Healthcare | 1.38% |
| 5 | Energy | 1.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
CALL
Biogen
BIIB
$32B
| $428M | 0.17% |
1,260,800
+464,200
| +58% | +$150M |
|
|
102
CALL
Ford
F
$57.5B
| $425M | 0.17% |
27,442,300
+13,111,200
| +91% | +$193M |
|
103
PUT
Visa
V
$693B
| $425M | 0.17% |
6,483,600
+606,000
| +10% | +$36.5M |
|
104
CALL
Mastercard
MA
$509B
| $416M | 0.17% |
4,832,400
-111,700
| -2% | -$9.12M |
|
|
GMCR
105
PUT
DELISTED
KEURIG GREEN MTN INC
GMCR
| $415M | 0.16% |
3,137,900
-427,500
| -12% | -$60.7M |
|
106
PUT
Johnson & Johnson
JNJ
$651B
| $413M | 0.16% |
3,944,800
+1,879,400
| +91% | +$198M |
|
|
LNKD
107
PUT
DELISTED
LinkedIn Corporation
LNKD
| $405M | 0.16% |
1,762,000
-382,500
| -18% | -$82.9M |
|
108
CALL
Chevron
CVX
$403B
| $404M | 0.16% |
3,605,000
+519,800
| +17% | +$59.1M |
|
109
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $403M | 0.16% |
6,579,400
+1,564,600
| +31% | +$97.7M |
|
110
CALL
Comcast
CMCSA
$95.3B
| $402M | 0.16% |
13,863,200
+3,187,000
| +30% | +$87.3M |
|
|
LNKD
111
CALL
DELISTED
LinkedIn Corporation
LNKD
| $392M | 0.16% |
1,704,500
-307,100
| -15% | -$66.6M |
|
112
CALL
SLB Ltd
SLB
$79.9B
| $388M | 0.15% |
4,542,800
+308,900
| +7% | +$28.4M |
|
113
CALL
McDonald's
MCD
$192B
| $386M | 0.15% |
4,114,500
+1,170,700
| +40% | +$110M |
|
|
114
PUT
McDonald's
MCD
$192B
| $384M | 0.15% |
4,101,000
-1,290,900
| -24% | -$121M |
|
115
CALL
Cheniere Energy
LNG
$57.3B
| $381M | 0.15% |
5,416,200
+1,904,700
| +54% | +$134M |
|
116
PUT
Merck
MRK
$376B
| $379M | 0.15% |
6,999,068
+2,151,963
| +44% | +$120M |
|
117
CALL
Caterpillar
CAT
$381B
| $377M | 0.15% |
4,123,800
+2,014,300
| +95% | +$196M |
|
118
Citigroup
C
$221B
| $376M | 0.15% |
6,941,326
-3,378,631
| -33% | -$179M |
|
|
119
PUT
Caterpillar
CAT
$381B
| $375M | 0.15% |
4,094,100
+156,400
| +4% | +$15.2M |
|
120
CALL
Pfizer
PFE
$160B
| $373M | 0.15% |
12,631,136
+2,649,124
| +27% | +$76M |
|
|
121
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $367M | 0.15% |
9,267,286
+7,015,268
| +312% | +$292M |
|
122
PUT
Amgen
AMGN
$238B
| $366M | 0.15% |
2,298,200
+470,000
| +26% | +$73.2M |
|
|
123
PUT
SLB Ltd
SLB
$79.9B
| $362M | 0.14% |
4,238,500
+1,199,700
| +39% | +$110M |
|
124
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $362M | 0.14% |
16,668,554
+5,631,141
| +51% | +$118M |
|
125
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $361M | 0.14% |
9,859,600
-7,841,000
| -44% | -$319M |
|
Similar funds
Jeff Yass's Q4 2014 Portfolio in Review
As of Q4 2014, Jeff Yass held 10,737 positions worth $252B, down 3% from $260B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass withdrew a net $10.2B in Q4 2014, closing 1,178 positions and reducing 4,352 holdings. Its most notable exit was Bausch Health, an estimated $68.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, up from 2.2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Northern Trust Morningstar Global Upstream Natural Resources ETF worth $31M.
- Jeff Yass's largest Q4 2014 buy was Northern Trust Morningstar Global Upstream Natural Resources ETF: 1,011,289 shares worth $31M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q4 2014, an estimated $1.22B increase.
- Jeff Yass's biggest Q4 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.37B.
- Jeff Yass fully exited Bausch Health in Q4 2014, selling an estimated $68.9M.
- Jeff Yass's ten largest holdings make up 23% of its $252B portfolio in Q4 2014.
- Jeff Yass opened 1,370 new positions and closed 1,178 in Q4 2014.
- Jeff Yass's portfolio value fell 3% quarter-over-quarter to $252B.
Based on Susquehanna International Group's 13F filing for Q4 2014, filed 17 Feb 2015.