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
|
+$726M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$599M |
| 3 |
Apple
AAPL
|
+$578M |
| 4 |
Meta Platforms (Facebook)
META
|
+$328M |
| 5 |
American Airlines Group
AAL
|
+$317M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.17B |
| 2 |
Gilead Sciences
GILD
|
+$392M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$285M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$225M |
| 5 |
Intel
INTC
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.09% |
| 2 | Consumer Discretionary | 2.15% |
| 3 | Financials | 1.67% |
| 4 | Healthcare | 1.64% |
| 5 | Communication Services | 1.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
101
American Airlines Group
AAL
$9.15B
| $348M | 0.15% |
8,718,663
+6,945,401
| +392% | +$317M |
|
102
CALL
Williams Companies
WMB
$86.2B
| $348M | 0.15% |
6,058,600
+3,348,200
| +124% | +$173M |
|
103
CALL
iShares Biotechnology ETF
IBB
$10.7B
| $346M | 0.15% |
2,813,100
+339,000
| +14% | +$40.6M |
|
104
PUT
Chevron
CVX
$403B
| $345M | 0.15% |
3,580,200
+1,274,900
| +55% | +$134M |
|
|
WBA
105
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $337M | 0.14% |
3,990,900
-375,100
| -9% | -$32.3M |
|
106
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $335M | 0.14% |
3,775,400
+1,368,800
| +57% | +$124M |
|
107
Citigroup
C
$221B
| $332M | 0.14% |
6,014,297
-1,415,840
| -19% | -$77M |
|
108
Micron Technology
MU
$1.09T
| $330M | 0.14% |
17,528,619
+8,630,512
| +97% | +$230M |
|
|
CELG
109
DELISTED
Celgene Corp
CELG
| $330M | 0.14% |
2,850,774
+2,167,887
| +317% | +$248M |
|
110
PUT
AbbVie
ABBV
$468B
| $330M | 0.14% |
4,906,900
+936,400
| +24% | +$61.1M |
|
111
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $330M | 0.14% |
3,920,400
+1,578,900
| +67% | +$123M |
|
|
YHOO
112
PUT
DELISTED
Yahoo Inc
YHOO
| $329M | 0.14% |
8,377,100
-904,400
| -10% | -$38.8M |
|
|
VXX
113
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $328M | 0.14% |
1,018,669
+498,344
| +96% | +$162M |
|
114
CALL
Wells Fargo
WFC
$254B
| $326M | 0.14% |
5,791,400
+1,396,700
| +32% | +$77.9M |
|
115
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $325M | 0.14% |
6,537,200
+1,556,900
| +31% | +$72.9M |
|
116
CALL
GE Aerospace
GE
$361B
| $324M | 0.14% |
2,545,761
+630,702
| +33% | +$81.8M |
|
117
Halliburton
HAL
$29.4B
| $322M | 0.14% |
7,483,242
+2,216,542
| +42% | +$102M |
|
118
PUT
Ford
F
$57.5B
| $319M | 0.14% |
21,261,700
-7,289,600
| -26% | -$113M |
|
119
Freeport-McMoran
FCX
$110B
| $316M | 0.13% |
16,949,197
+12,622,166
| +292% | +$261M |
|
120
CALL
Walmart Inc
WMT
$825B
| $314M | 0.13% |
13,274,100
+4,113,900
| +45% | +$105M |
|
121
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $307M | 0.13% |
4,821,900
-836,600
| -15% | -$55.7M |
|
122
CALL
Procter & Gamble
PG
$336B
| $300M | 0.13% |
3,838,400
-63,600
| -2% | -$5.12M |
|
|
123
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $300M | 0.13% |
2,204,100
+562,400
| +34% | +$80.2M |
|
|
124
PUT
Halliburton
HAL
$29.4B
| $297M | 0.13% |
6,885,200
-1,273,100
| -16% | -$58.7M |
|
|
125
iShares MSCI EAFE ETF
EFA
$80B
| $294M | 0.12% |
4,625,915
+4,252,907
| +1,140% | +$283M |
|
Similar funds
Jeff Yass's Q2 2015 Portfolio in Review
As of Q2 2015, Jeff Yass held 10,941 positions worth $235B, up 6.8% from $220B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $12.9B of net new capital in Q2 2015, opening 1,599 new positions and adding to 4,693 existing holdings. Its largest new stake was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.17B trimmed.
- Jeff Yass's largest Q2 2015 buy was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
- Jeff Yass added most to Alphabet (Google) Class C in Q2 2015, an estimated $726M increase.
- Jeff Yass's biggest Q2 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.17B.
- Jeff Yass fully exited ACTAVIS PLC Pfd Conv Ser A (Irl) in Q2 2015, selling an estimated $41.7M.
- Jeff Yass's ten largest holdings make up 24% of its $235B portfolio in Q2 2015.
- Jeff Yass opened 1,599 new positions and closed 888 in Q2 2015.
- Jeff Yass's portfolio value rose 6.8% quarter-over-quarter to $235B.
Based on Susquehanna International Group's 13F filing for Q2 2015, filed 14 Aug 2015.