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 | |
|---|---|---|---|---|---|---|
1351
CALL
Consolidated Edison
ED
$39.6B
| $12.4M | 0.01% |
162,100
-44,500
| -22% | -$3.16M |
|
|
ETP
1352
DELISTED
Energy Transfer Partners L.p.
ETP
| $12.4M | 0.01% |
383,745
-812,090
| -68% | -$22.6M |
|
1353
PUT
Hain Celestial
HAIN
$78.9M
| $12.4M | 0.01% |
303,300
+48,500
| +19% | +$1.82M |
|
1354
CALL
Huntsman Corp
HUN
$1.67B
| $12.4M | 0.01% |
931,600
-3,482,800
| -79% | -$36M |
|
|
SDRL
1355
PUT
DELISTED
Seadrill Limited Common Stock
SDRL
| $12.4M | 0.01% |
14,006
-2,026
| -13% | -$1.46M |
|
1356
CALL
ProShares Ultra Bloomberg Crude Oil
UCO
$375M
| $12.4M | 0.01% |
111,072
+8,480
| +8% | +$918K |
|
|
SFLY
1357
CALL
DELISTED
Shutterfly, Inc.
SFLY
| $12.4M | 0.01% |
266,700
+208,200
| +356% | +$8.87M |
|
1358
PUT
Cboe Global Markets
CBOE
$32.3B
| $12.3M | 0.01% |
188,900
+13,000
| +7% | +$829K |
|
|
ARMH
1359
CALL
DELISTED
ARM HOLDINGS PLC ADS
ARMH
| $12.3M | 0.01% |
281,500
| – | – |
|
1360
PUT
Lennar Class A
LEN
$21.1B
| $12.3M | 0.01% |
267,158
-194,143
| -42% | -$7.96M |
|
|
JUNO
1361
CALL
DELISTED
Juno Therapeutics, Inc.
JUNO
| $12.3M | 0.01% |
322,600
+210,600
| +188% | +$7.34M |
|
1362
PUT
Williams-Sonoma
WSM
$27.6B
| $12.3M | 0.01% |
448,600
-99,000
| -18% | -$2.69M |
|
|
BCR
1363
CALL
DELISTED
CR Bard Inc.
BCR
| $12.3M | 0.01% |
60,500
+21,700
| +56% | +$4.1M |
|
|
JKS
1364
CALL
JinkoSolar
JKS
$812M
| $12.3M | 0.01% |
586,000
-580,500
| -50% | -$12.5M |
|
1365
CALL
Fossil Group
FOSL
$323M
| $12.2M | 0.01% |
275,600
-42,300
| -13% | -$1.67M |
|
|
SCG
1366
DELISTED
Scana
SCG
| $12.2M | 0.01% |
174,276
-11,622
| -6% | -$751K |
|
1367
Ally Financial
ALLY
$13B
| $12.2M | 0.01% |
652,567
+547,565
| +521% | +$9.43M |
|
1368
Yelp
YELP
$1.29B
| $12.1M | 0.01% |
610,296
-854,275
| -58% | -$17.5M |
|
|
JOY
1369
CALL
DELISTED
Joy Global Inc
JOY
| $12.1M | 0.01% |
753,600
-470,700
| -38% | -$5.92M |
|
|
NE
1370
CALL
DELISTED
Noble Corporation
NE
| $12.1M | 0.01% |
1,170,000
-471,800
| -29% | -$4.28M |
|
1371
Cheniere Energy
LNG
$57.6B
| $12.1M | 0.01% |
357,441
+197,906
| +124% | +$6.42M |
|
1372
PUT
Applied Materials
AMAT
$381B
| $12.1M | 0.01% |
570,600
-236,700
| -29% | -$4.32M |
|
|
ACAS
1373
CALL
DELISTED
American Capital Ltd
ACAS
| $12.1M | 0.01% |
791,200
+444,800
| +128% | +$6.2M |
|
1374
Humana
HUM
$46.8B
| $12M | 0.01% |
65,685
-22,268
| -25% | -$3.86M |
|
|
STI
1375
CALL
DELISTED
SunTrust Banks, Inc.
STI
| $12M | 0.01% |
332,600
-143,600
| -30% | -$5.17M |
|
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.