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 |
Synchrony
SYF
|
+$683M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$485M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$394M |
| 4 |
Apple
AAPL
|
+$378M |
| 5 |
Bausch Health
BHC
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$805M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$603M |
| 3 |
GE Aerospace
GE
|
+$548M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$426M |
| 5 |
Gilead Sciences
GILD
|
+$313M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.05% |
| 2 | Financials | 2.16% |
| 3 | Consumer Discretionary | 1.64% |
| 4 | Communication Services | 1.43% |
| 5 | Healthcare | 1.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
IBM
IBM
$222B
| $374M | 0.17% |
2,839,785
-386,707
| -12% | -$52M |
|
102
CALL
United Parcel Service
UPS
$86.8B
| $372M | 0.17% |
3,863,700
+180,200
| +5% | +$18.4M |
|
103
CALL
McDonald's
MCD
$192B
| $371M | 0.17% |
3,137,200
-1,200,600
| -28% | -$134M |
|
104
PUT
Citigroup
C
$221B
| $366M | 0.17% |
7,070,100
-3,446,300
| -33% | -$183M |
|
105
CALL
Bank of America
BAC
$431B
| $360M | 0.17% |
21,372,600
-2,735,100
| -11% | -$46.3M |
|
106
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $356M | 0.16% |
2,045,400
-449,800
| -18% | -$78.6M |
|
107
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $353M | 0.16% |
2,924,400
-1,311,200
| -31% | -$160M |
|
|
VXX
108
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $348M | 0.16% |
1,081,306
-327,250
| -23% | -$104M |
|
109
CALL
Biogen
BIIB
$32B
| $346M | 0.16% |
1,128,400
+21,900
| +2% | +$6.29M |
|
110
CALL
CF Industries
CF
$19.6B
| $334M | 0.15% |
8,185,700
+6,504,900
| +387% | +$307M |
|
111
iShares China Large-Cap ETF
FXI
$4.28B
| $331M | 0.15% |
9,370,506
+5,213,587
| +125% | +$196M |
|
112
CALL
Verizon
VZ
$205B
| $328M | 0.15% |
7,045,400
+2,553,900
| +57% | +$116M |
|
113
CALL
American Airlines Group
AAL
$9.15B
| $325M | 0.15% |
7,678,100
+1,241,100
| +19% | +$53.8M |
|
114
CALL
Cisco
CSCO
$438B
| $325M | 0.15% |
11,973,500
-2,819,800
| -19% | -$77.8M |
|
115
Ford
F
$57.5B
| $323M | 0.15% |
22,950,896
+7,818,391
| +52% | +$113M |
|
116
Walt Disney
DIS
$186B
| $319M | 0.15% |
3,040,242
-1,389,529
| -31% | -$155M |
|
117
PUT
Wells Fargo
WFC
$254B
| $316M | 0.15% |
5,820,100
-880,900
| -13% | -$47.8M |
|
|
MON
118
CALL
DELISTED
Monsanto Co
MON
| $312M | 0.14% |
3,163,000
+1,481,100
| +88% | +$139M |
|
119
CALL
Pfizer
PFE
$160B
| $310M | 0.14% |
10,116,292
-304,079
| -3% | -$9.57M |
|
120
PUT
Walmart Inc
WMT
$825B
| $309M | 0.14% |
15,137,400
-4,330,200
| -22% | -$86.9M |
|
|
121
Walmart Inc
WMT
$825B
| $307M | 0.14% |
15,006,747
+2,263,452
| +18% | +$45.4M |
|
122
PUT
Blackstone
BX
$108B
| $306M | 0.14% |
10,448,900
-294,009
| -3% | -$9.37M |
|
123
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $299M | 0.14% |
550,300
-2,100
| -0.4% | -$1.14M |
|
124
CALL
General Motors
GM
$77.2B
| $299M | 0.14% |
8,779,100
+2,013,000
| +30% | +$69.9M |
|
125
PUT
AT&T
T
$173B
| $299M | 0.14% |
11,486,892
-4,763,619
| -29% | -$121M |
|
Similar funds
Jeff Yass's Q4 2015 Portfolio in Review
As of Q4 2015, Jeff Yass held 10,716 positions worth $216B, down 6.4% from $231B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $26.7B in Q4 2015, closing 1,373 positions and reducing 4,567 holdings. Its most notable exit was Altera Corp, an estimated $97.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.9% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in Alphabet (Google) Class A worth $510M.
- Jeff Yass's largest Q4 2015 buy was Alphabet (Google) Class A: 13,098,340 shares worth $510M.
- Jeff Yass added most to Synchrony in Q4 2015, an estimated $683M increase.
- Jeff Yass's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $805M.
- Jeff Yass fully exited Altera Corp in Q4 2015, selling an estimated $97.3M.
- Jeff Yass's ten largest holdings make up 21% of its $216B portfolio in Q4 2015.
- Jeff Yass opened 1,138 new positions and closed 1,373 in Q4 2015.
- Jeff Yass's portfolio value fell 6.4% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q4 2015, filed 16 Feb 2016.