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
|
+$1.58B |
| 2 |
Bank of America
BAC
|
+$690M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$244M |
| 4 |
Coca-Cola
KO
|
+$222M |
| 5 |
United States Oil Fund
USO
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$456M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$433M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$341M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$318M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.99% |
| 2 | Financials | 1.89% |
| 3 | Consumer Discretionary | 1.86% |
| 4 | Healthcare | 1.5% |
| 5 | Energy | 1.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
VanEck Gold Miners ETF
GDX
$31.8B
| $334M | 0.15% |
18,309,681
+4,430,185
| +32% | +$90.4M |
|
102
CALL
Micron Technology
MU
$1.09T
| $334M | 0.15% |
12,306,300
-10,357,500
| -46% | -$310M |
|
103
CALL
Pfizer
PFE
$160B
| $332M | 0.15% |
10,060,219
-2,570,917
| -20% | -$81.7M |
|
|
VXX
104
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $331M | 0.15% |
806,400
-236,013
| -23% | -$115M |
|
105
CALL
Verizon
VZ
$205B
| $330M | 0.15% |
6,745,400
+2,451,700
| +57% | +$118M |
|
106
PUT
SLB Ltd
SLB
$79.9B
| $329M | 0.15% |
3,940,200
-298,300
| -7% | -$24.8M |
|
|
TWC
107
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $328M | 0.15% |
2,191,700
+471,200
| +27% | +$70.3M |
|
108
CALL
Boeing
BA
$169B
| $328M | 0.15% |
2,183,700
-459,300
| -17% | -$66.9M |
|
109
PUT
Goldman Sachs
GS
$303B
| $327M | 0.15% |
1,738,800
-1,460,400
| -46% | -$272M |
|
110
CALL
Biogen
BIIB
$32B
| $326M | 0.15% |
771,600
-489,200
| -39% | -$193M |
|
|
WBA
111
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $324M | 0.15% |
3,828,600
-718,600
| -16% | -$57.2M |
|
112
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $323M | 0.15% |
1,821,600
+161,400
| +10% | +$28.7M |
|
113
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $321M | 0.15% |
2,799,900
+1,384,800
| +98% | +$153M |
|
114
CALL
Procter & Gamble
PG
$336B
| $320M | 0.15% |
3,902,000
-3,180,900
| -45% | -$273M |
|
115
CALL
JPMorgan Chase
JPM
$935B
| $318M | 0.14% |
5,255,500
-3,874,300
| -42% | -$229M |
|
116
PUT
ExxonMobil
XOM
$679B
| $317M | 0.14% |
3,731,800
-1,544,100
| -29% | -$137M |
|
117
CALL
United Parcel Service
UPS
$86.8B
| $317M | 0.14% |
3,270,900
-2,470,400
| -43% | -$253M |
|
118
PUT
Johnson & Johnson
JNJ
$651B
| $316M | 0.14% |
3,143,000
-801,800
| -20% | -$81.5M |
|
|
YHOO
119
DELISTED
Yahoo Inc
YHOO
| $310M | 0.14% |
6,975,762
-6,692,432
| -49% | -$303M |
|
120
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $308M | 0.14% |
9,808,400
-51,200
| -0.5% | -$1.74M |
|
121
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $307M | 0.14% |
6,862,500
+239,500
| +4% | +$10.2M |
|
|
122
PUT
Coca-Cola
KO
$392B
| $306M | 0.14% |
7,535,400
-926,100
| -11% | -$38.7M |
|
123
CALL
Merck
MRK
$376B
| $305M | 0.14% |
5,554,400
+685,182
| +14% | +$38.8M |
|
|
LNKD
124
CALL
DELISTED
LinkedIn Corporation
LNKD
| $302M | 0.14% |
1,207,800
-496,700
| -29% | -$123M |
|
125
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $302M | 0.14% |
14,247,527
+1,651,192
| +13% | +$34.9M |
|
Similar funds
Jeff Yass's Q1 2015 Portfolio in Review
As of Q1 2015, Jeff Yass held 10,735 positions worth $220B, down 13% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass withdrew a net $35.6B in Q1 2015, closing 1,393 positions and reducing 4,492 holdings. Its most notable exit was RF MICRO DEVICES INC, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.5% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in AB InBev worth $97.4M.
- Jeff Yass's largest Q1 2015 buy was AB InBev: 798,828 shares worth $97.4M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $1.58B increase.
- Jeff Yass's biggest Q1 2015 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $456M.
- Jeff Yass fully exited RF MICRO DEVICES INC in Q1 2015, selling an estimated $38.3M.
- Jeff Yass's ten largest holdings make up 25% of its $220B portfolio in Q1 2015.
- Jeff Yass opened 1,178 new positions and closed 1,393 in Q1 2015.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $220B.
Based on Susquehanna International Group's 13F filing for Q1 2015, filed 15 May 2015.