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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$444M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$252M |
| 3 |
Bank of America
BAC
|
+$191M |
| 4 |
Citigroup
C
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$518M |
| 3 |
Meta Platforms (Facebook)
META
|
+$292M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$245M |
| 5 |
AGN
Allergan plc
AGN
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 1.95% |
| 2 | Technology | 1.63% |
| 3 | Consumer Discretionary | 1.42% |
| 4 | Communication Services | 1.39% |
| 5 | Healthcare | 1.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
CALL
Fortinet
FTNT
$113B
| $13.1M | 0.01% |
2,140,000
-1,052,500
| -33% | -$5.81M |
|
1302
PUT
ProShares Ultra Bloomberg Crude Oil
UCO
$375M
| $13.1M | 0.01% |
117,560
+50,792
| +76% | +$5.5M |
|
1303
PUT
National Healthcare
NHC
$3.52B
| $13.1M | 0.01% |
209,700
+155,800
| +289% | +$9.7M |
|
|
GGP
1304
PUT
DELISTED
GGP Inc.
GGP
| $13.1M | 0.01% |
439,400
+135,400
| +45% | +$3.72M |
|
1305
Home Depot
HD
$337B
| $13M | 0.01% |
97,788
-70,320
| -42% | -$8.76M |
|
1306
CALL
VeriSign
VRSN
$26.6B
| $13M | 0.01% |
147,100
-105,600
| -42% | -$8.63M |
|
1307
PUT
Eastman Chemical
EMN
$8.23B
| $13M | 0.01% |
180,100
+20,300
| +13% | +$1.33M |
|
1308
PUT
Methanex
MEOH
$4.42B
| $13M | 0.01% |
404,600
+84,200
| +26% | +$2.5M |
|
1309
CALL
Strategy Inc
MSTR
$50.4B
| $13M | 0.01% |
723,000
-596,000
| -45% | -$9.65M |
|
1310
CALL
Vale
VALE
$65.2B
| $13M | 0.01% |
3,084,400
-3,550,500
| -54% | -$11M |
|
1311
Valero Energy
VLO
$98B
| $13M | 0.01% |
202,444
-158,024
| -44% | -$10.1M |
|
|
SHLD
1312
PUT
DELISTED
Sears Holding Corporation
SHLD
| $13M | 0.01% |
846,400
-2,393,500
| -74% | -$40.6M |
|
1313
PUT
United States Natural Gas Fund
UNG
$515M
| $12.9M | 0.01% |
121,494
-129,412
| -52% | -$14.9M |
|
1314
PUT
VanEck Junior Gold Miners ETF
GDXJ
$10B
| $12.9M | 0.01% |
464,500
-64,300
| -12% | -$1.5M |
|
1315
CALL
NetApp
NTAP
$36.8B
| $12.9M | 0.01% |
473,700
-587,800
| -55% | -$14.2M |
|
1316
CALL
AerCap
AER
$23.2B
| $12.9M | 0.01% |
332,700
+195,100
| +142% | +$6.72M |
|
1317
CALL
T. Rowe Price
TROW
$24.1B
| $12.9M | 0.01% |
175,000
+61,100
| +54% | +$4.24M |
|
|
ELLI
1318
PUT
DELISTED
Ellie Mae Inc
ELLI
| $12.9M | 0.01% |
141,800
-89,700
| -39% | -$6.71M |
|
1319
PUT
Cirrus Logic
CRUS
$5.58B
| $12.8M | 0.01% |
352,800
-154,800
| -30% | -$5.02M |
|
1320
Advanced Micro Devices
AMD
$782B
| $12.8M | 0.01% |
4,496,286
+2,174,922
| +94% | +$4.94M |
|
1321
PUT
Consolidated Edison
ED
$39.6B
| $12.8M | 0.01% |
167,200
-91,100
| -35% | -$6.47M |
|
1322
Goodyear
GT
$1.78B
| $12.8M | 0.01% |
388,356
-119,285
| -23% | -$3.59M |
|
|
ANAC
1323
CALL
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $12.8M | 0.01% |
239,600
-95,900
| -29% | -$7.08M |
|
1324
CALL
Acuity Brands
AYI
$10.2B
| $12.8M | 0.01% |
58,700
-8,600
| -13% | -$1.77M |
|
1325
PUT
Southern Company
SO
$103B
| $12.8M | 0.01% |
247,400
-151,000
| -38% | -$7.36M |
|
Similar funds
Jeff Yass's Q1 2016 Portfolio in Review
As of Q1 2016, Jeff Yass held 10,537 positions worth $188B, down 13% from $216B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass withdrew a net $22.6B in Q1 2016, closing 1,613 positions and reducing 4,303 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $84.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2% of assets, down from 2.2% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares National Muni Bond ETF worth $17.4M.
- Jeff Yass's largest Q1 2016 buy was iShares National Muni Bond ETF: 155,932 shares worth $17.4M.
- Jeff Yass added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $444M increase.
- Jeff Yass's biggest Q1 2016 reduction was Apple, cutting an estimated $2.59B.
- Jeff Yass fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $84.4M.
- Jeff Yass's ten largest holdings make up 24% of its $188B portfolio in Q1 2016.
- Jeff Yass opened 1,208 new positions and closed 1,613 in Q1 2016.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $188B.
Based on Susquehanna International Group's 13F filing for Q1 2016, filed 13 May 2016.