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 | |
|---|---|---|---|---|---|---|
126
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $226M | 0.12% |
628,000
-276,000
| -31% | -$114M |
|
127
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $223M | 0.12% |
3,855,200
-6,682,200
| -63% | -$368M |
|
128
CALL
Home Depot
HD
$335B
| $221M | 0.12% |
1,659,500
+306,600
| +23% | +$38.2M |
|
129
Gilead Sciences
GILD
$181B
| $217M | 0.12% |
2,359,412
+118,015
| +5% | +$10.6M |
|
|
YHOO
130
DELISTED
Yahoo Inc
YHOO
| $213M | 0.11% |
5,773,247
+1,348,858
| +30% | +$42.2M |
|
131
PUT
United States Oil Fund
USO
$2.24B
| $212M | 0.11% |
2,737,600
+836,625
| +44% | +$62.5M |
|
132
Walmart Inc
WMT
$825B
| $212M | 0.11% |
9,279,840
-5,726,907
| -38% | -$126M |
|
133
CALL
Bausch Health
BHC
$2.41B
| $210M | 0.11% |
7,970,900
+3,976,800
| +100% | +$294M |
|
134
PUT
Amgen
AMGN
$238B
| $209M | 0.11% |
1,395,100
+137,100
| +11% | +$20.4M |
|
135
CALL
Salesforce
CRM
$171B
| $209M | 0.11% |
2,832,400
-388,600
| -12% | -$26.8M |
|
|
TWTR
136
PUT
DELISTED
Twitter, Inc.
TWTR
| $207M | 0.11% |
12,508,200
-4,301,800
| -26% | -$75.4M |
|
|
YHOO
137
PUT
DELISTED
Yahoo Inc
YHOO
| $206M | 0.11% |
5,605,500
+244,100
| +5% | +$7.64M |
|
|
138
CALL
Bank of America
BAC
$431B
| $206M | 0.11% |
15,248,900
-6,123,700
| -29% | -$82.7M |
|
139
Invesco QQQ Trust
QQQ
$486B
| $205M | 0.11% |
1,877,766
-1,806,908
| -49% | -$188M |
|
|
TWC
140
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $205M | 0.11% |
999,700
+83,700
| +9% | +$15.8M |
|
|
YHOO
141
CALL
DELISTED
Yahoo Inc
YHOO
| $203M | 0.11% |
5,502,500
-2,206,900
| -29% | -$69.1M |
|
142
CALL
Pfizer
PFE
$160B
| $202M | 0.11% |
7,195,974
-2,920,318
| -29% | -$83.4M |
|
|
143
PUT
Home Depot
HD
$335B
| $202M | 0.11% |
1,513,900
+396,200
| +35% | +$49.4M |
|
144
PUT
Wells Fargo
WFC
$254B
| $201M | 0.11% |
4,150,500
-1,669,600
| -29% | -$81.7M |
|
145
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $200M | 0.11% |
9,894,700
+4,425,500
| +81% | +$76.1M |
|
|
CELG
146
PUT
DELISTED
Celgene Corp
CELG
| $198M | 0.11% |
1,979,900
-1,757,600
| -47% | -$181M |
|
147
PUT
Broadcom
AVGO
$1.75T
| $198M | 0.11% |
12,792,000
-7,555,000
| -37% | -$102M |
|
148
CALL
UnitedHealth
UNH
$350B
| $198M | 0.11% |
1,533,100
+468,200
| +44% | +$55.4M |
|
149
CALL
Goldman Sachs
GS
$303B
| $198M | 0.11% |
1,258,300
-1,534,300
| -55% | -$237M |
|
150
PUT
General Motors
GM
$77.2B
| $197M | 0.1% |
6,263,700
-5,009,600
| -44% | -$151M |
|
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.