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
|
+$1.58B |
| 2 |
Bank of America
BAC
|
+$690M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$244M |
| 4 |
Coca-Cola
KO
|
+$222M |
| 5 |
United States Oil Fund
USO
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$456M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$433M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$341M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$318M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.99% |
| 2 | Financials | 1.89% |
| 3 | Consumer Discretionary | 1.86% |
| 4 | Healthcare | 1.5% |
| 5 | Energy | 1.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CALL
American Express
AXP
$227B
| $301M | 0.14% |
3,849,300
+2,261,500
| +142% | +$188M |
|
127
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $296M | 0.13% |
7,620,400
-3,749,000
| -33% | -$145M |
|
128
McDonald's
MCD
$192B
| $291M | 0.13% |
2,984,928
+1,679,773
| +129% | +$159M |
|
129
CALL
Chevron
CVX
$403B
| $285M | 0.13% |
2,711,800
-893,200
| -25% | -$95.3M |
|
130
CALL
iShares Biotechnology ETF
IBB
$10.7B
| $283M | 0.13% |
2,474,100
+167,400
| +7% | +$18.5M |
|
|
PCYC
131
CALL
DELISTED
PHARMACYCLICS INC
PCYC
| $282M | 0.13% |
1,103,300
+656,700
| +147% | +$127M |
|
|
SLXP
132
PUT
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $277M | 0.13% |
1,601,900
+347,300
| +28% | +$51M |
|
|
133
CALL
Bank of America
BAC
$431B
| $276M | 0.13% |
17,918,200
-19,162,600
| -52% | -$308M |
|
134
PUT
Walmart Inc
WMT
$825B
| $272M | 0.12% |
9,930,600
+355,800
| +4% | +$10.1M |
|
|
135
Coca-Cola
KO
$392B
| $270M | 0.12% |
6,664,299
+5,305,874
| +391% | +$222M |
|
136
PUT
Mastercard
MA
$509B
| $269M | 0.12% |
3,117,900
-1,946,400
| -38% | -$169M |
|
|
PCYC
137
PUT
DELISTED
PHARMACYCLICS INC
PCYC
| $268M | 0.12% |
1,048,600
+481,100
| +85% | +$92.9M |
|
138
Intel
INTC
$476B
| $264M | 0.12% |
8,432,136
+5,584,287
| +196% | +$188M |
|
139
PUT
Comcast
CMCSA
$95.3B
| $264M | 0.12% |
9,334,600
-2,421,600
| -21% | -$69.6M |
|
140
PUT
American Airlines Group
AAL
$9.15B
| $261M | 0.12% |
4,938,600
+145,000
| +3% | +$7.36M |
|
141
CALL
SLB Ltd
SLB
$79.9B
| $251M | 0.11% |
3,011,900
-1,530,900
| -34% | -$127M |
|
|
142
CALL
Walmart Inc
WMT
$825B
| $251M | 0.11% |
9,160,200
-861,900
| -9% | -$24.5M |
|
143
CALL
Ford
F
$57.5B
| $250M | 0.11% |
15,487,100
-11,955,200
| -44% | -$189M |
|
144
PUT
Las Vegas Sands
LVS
$30.5B
| $248M | 0.11% |
4,502,300
+107,600
| +2% | +$6M |
|
145
CALL
Visa
V
$693B
| $247M | 0.11% |
3,771,700
-183,100
| -5% | -$12.1M |
|
146
CALL
Amgen
AMGN
$238B
| $245M | 0.11% |
1,530,100
-398,100
| -21% | -$62.7M |
|
|
147
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $242M | 0.11% |
6,247,800
-7,681,400
| -55% | -$298M |
|
148
CALL
Applied Materials
AMAT
$391B
| $242M | 0.11% |
10,736,900
+1,518,600
| +16% | +$36.4M |
|
149
PUT
BP
BP
$115B
| $242M | 0.11% |
7,459,568
-3,728,337
| -33% | -$122M |
|
150
PUT
Intuitive Surgical
ISRG
$134B
| $242M | 0.11% |
4,313,700
-4,072,500
| -49% | -$231M |
|
Similar funds
Jeff Yass's Q1 2015 Portfolio in Review
As of Q1 2015, Jeff Yass held 10,735 positions worth $220B, down 13% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass withdrew a net $35.6B in Q1 2015, closing 1,393 positions and reducing 4,492 holdings. Its most notable exit was RF MICRO DEVICES INC, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.5% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in AB InBev worth $97.4M.
- Jeff Yass's largest Q1 2015 buy was AB InBev: 798,828 shares worth $97.4M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $1.58B increase.
- Jeff Yass's biggest Q1 2015 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $456M.
- Jeff Yass fully exited RF MICRO DEVICES INC in Q1 2015, selling an estimated $38.3M.
- Jeff Yass's ten largest holdings make up 25% of its $220B portfolio in Q1 2015.
- Jeff Yass opened 1,178 new positions and closed 1,393 in Q1 2015.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $220B.
Based on Susquehanna International Group's 13F filing for Q1 2015, filed 15 May 2015.