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
|
+$1.22B |
| 2 |
Alibaba
BABA
|
+$408M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$292M |
| 4 |
Gilead Sciences
GILD
|
+$218M |
| 5 |
Ford
F
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.37B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$1.18B |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$619M |
| 4 |
Bank of America
BAC
|
+$487M |
| 5 |
Booking.com
BKNG
|
+$406M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.53% |
| 2 | Consumer Discretionary | 2.02% |
| 3 | Financials | 1.63% |
| 4 | Healthcare | 1.38% |
| 5 | Energy | 1.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
PUT
Coca-Cola
KO
$392B
| $357M | 0.14% |
8,461,500
+1,104,800
| +15% | +$47.2M |
|
127
PUT
BP
BP
$115B
| $354M | 0.14% |
11,187,905
+4,389,565
| +65% | +$148M |
|
128
PUT
Blackstone
BX
$108B
| $348M | 0.14% |
10,477,562
+586,638
| +6% | +$18.4M |
|
|
WBA
129
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $346M | 0.14% |
4,547,200
+746,500
| +20% | +$49.9M |
|
130
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $346M | 0.14% |
842,600
+207,800
| +33% | +$81.7M |
|
131
CALL
Boeing
BA
$169B
| $344M | 0.14% |
2,643,000
+372,600
| +16% | +$47.2M |
|
132
PUT
Comcast
CMCSA
$95.3B
| $341M | 0.14% |
11,756,200
+5,523,600
| +89% | +$151M |
|
133
CALL
Qualcomm
QCOM
$169B
| $340M | 0.13% |
4,574,700
+1,122,900
| +33% | +$82.2M |
|
134
Micron Technology
MU
$1.09T
| $339M | 0.13% |
9,673,615
+2,964,650
| +44% | +$98.2M |
|
135
PUT
Chevron
CVX
$403B
| $328M | 0.13% |
2,919,800
-788,000
| -21% | -$89.5M |
|
136
CALL
Walt Disney
DIS
$186B
| $322M | 0.13% |
3,417,700
+261,100
| +8% | +$23.5M |
|
137
CALL
Wells Fargo
WFC
$254B
| $322M | 0.13% |
5,869,000
+1,304,200
| +29% | +$69M |
|
|
138
PUT
Wells Fargo
WFC
$254B
| $316M | 0.13% |
5,762,500
+852,100
| +17% | +$45.1M |
|
|
TWTR
139
DELISTED
Twitter, Inc.
TWTR
| $315M | 0.13% |
8,792,562
+3,410,118
| +63% | +$145M |
|
140
PUT
Halliburton
HAL
$29.4B
| $312M | 0.12% |
7,938,500
+4,831,500
| +156% | +$235M |
|
141
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $312M | 0.12% |
2,478,100
-252,500
| -9% | -$30.6M |
|
|
GMCR
142
CALL
DELISTED
KEURIG GREEN MTN INC
GMCR
| $308M | 0.12% |
2,323,500
-219,800
| -9% | -$31.2M |
|
143
CALL
Amgen
AMGN
$238B
| $307M | 0.12% |
1,928,200
+640,200
| +50% | +$99.8M |
|
144
PUT
Cisco
CSCO
$438B
| $306M | 0.12% |
10,986,400
+256,100
| +2% | +$6.61M |
|
145
CALL
Intuitive Surgical
ISRG
$134B
| $303M | 0.12% |
5,155,200
+878,400
| +21% | +$48.9M |
|
146
CALL
Oracle
ORCL
$422B
| $302M | 0.12% |
6,722,400
+4,231,000
| +170% | +$172M |
|
147
CALL
American International
AIG
$39.8B
| $300M | 0.12% |
5,361,700
+2,112,500
| +65% | +$113M |
|
148
Invesco QQQ Trust
QQQ
$486B
| $299M | 0.12% |
2,895,494
-606,998
| -17% | -$61.4M |
|
149
CALL
EOG Resources
EOG
$80.3B
| $296M | 0.12% |
3,218,000
+544,200
| +20% | +$50.6M |
|
150
PUT
Union Pacific
UNP
$183B
| $296M | 0.12% |
2,486,800
+713,200
| +40% | +$81.9M |
|
Similar funds
Jeff Yass's Q4 2014 Portfolio in Review
As of Q4 2014, Jeff Yass held 10,737 positions worth $252B, down 3% from $260B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass withdrew a net $10.2B in Q4 2014, closing 1,178 positions and reducing 4,352 holdings. Its most notable exit was Bausch Health, an estimated $68.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, up from 2.2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Northern Trust Morningstar Global Upstream Natural Resources ETF worth $31M.
- Jeff Yass's largest Q4 2014 buy was Northern Trust Morningstar Global Upstream Natural Resources ETF: 1,011,289 shares worth $31M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q4 2014, an estimated $1.22B increase.
- Jeff Yass's biggest Q4 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.37B.
- Jeff Yass fully exited Bausch Health in Q4 2014, selling an estimated $68.9M.
- Jeff Yass's ten largest holdings make up 23% of its $252B portfolio in Q4 2014.
- Jeff Yass opened 1,370 new positions and closed 1,178 in Q4 2014.
- Jeff Yass's portfolio value fell 3% quarter-over-quarter to $252B.
Based on Susquehanna International Group's 13F filing for Q4 2014, filed 17 Feb 2015.