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 | |
|---|---|---|---|---|---|---|
151
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $295M | 0.12% |
1,660,200
-2,567,800
| -61% | -$445M |
|
|
AGN
152
CALL
DELISTED
Allergan Inc
AGN
| $294M | 0.12% |
1,383,400
+232,400
| +20% | +$46.2M |
|
153
CALL
Kinder Morgan
KMI
$69B
| $294M | 0.12% |
6,945,800
+2,215,000
| +47% | +$87.2M |
|
|
APC
154
PUT
DELISTED
Anadarko Petroleum
APC
| $294M | 0.12% |
3,562,000
+1,578,100
| +80% | +$137M |
|
155
PUT
Wynn Resorts
WYNN
$10.3B
| $294M | 0.12% |
1,974,800
-768,900
| -28% | -$132M |
|
156
GE Aerospace
GE
$361B
| $292M | 0.12% |
2,411,093
+17,255
| +0.7% | +$2.12M |
|
157
General Motors
GM
$77.2B
| $290M | 0.12% |
8,299,591
-4,336,256
| -34% | -$138M |
|
158
CALL
CF Industries
CF
$19.6B
| $290M | 0.11% |
5,313,500
-2,121,000
| -29% | -$112M |
|
159
CALL
Walmart Inc
WMT
$825B
| $287M | 0.11% |
10,022,100
+243,000
| +2% | +$6.57M |
|
160
PUT
Qualcomm
QCOM
$169B
| $285M | 0.11% |
3,834,000
+596,000
| +18% | +$43.6M |
|
|
SNDK
161
CALL
DELISTED
SANDISK CORP
SNDK
| $283M | 0.11% |
2,888,500
-195,700
| -6% | -$18.7M |
|
162
PUT
Morgan Stanley
MS
$336B
| $280M | 0.11% |
7,227,900
+1,250,900
| +21% | +$44.5M |
|
163
CALL
Bausch Health
BHC
$2.41B
| $280M | 0.11% |
1,956,500
+638,600
| +48% | +$85.9M |
|
164
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $276M | 0.11% |
6,623,000
-3,836,100
| -37% | -$152M |
|
165
CALL
Coca-Cola
KO
$392B
| $275M | 0.11% |
6,502,900
+598,600
| +10% | +$25.6M |
|
166
PUT
Pfizer
PFE
$160B
| $274M | 0.11% |
9,274,568
-1,894,881
| -17% | -$54.3M |
|
|
167
PUT
Walmart Inc
WMT
$825B
| $274M | 0.11% |
9,574,800
+1,354,200
| +16% | +$36.6M |
|
168
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $273M | 0.11% |
12,596,335
+5,752,232
| +84% | +$120M |
|
169
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $273M | 0.11% |
1,033,300
-27,100
| -3% | -$6.94M |
|
170
PUT
Procter & Gamble
PG
$336B
| $272M | 0.11% |
2,980,600
-1,305,100
| -30% | -$115M |
|
171
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $268M | 0.11% |
1,401,575
+881,800
| +170% | +$196M |
|
172
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $268M | 0.11% |
653,900
+171,700
| +36% | +$67.5M |
|
|
WBA
173
DELISTED
Walgreens Boots Alliance
WBA
| $267M | 0.11% |
3,505,259
-334,742
| -9% | -$22.4M |
|
174
CALL
Merck
MRK
$376B
| $264M | 0.1% |
4,869,218
+386,084
| +9% | +$21.5M |
|
175
PUT
DuPont de Nemours
DD
$18.7B
| $263M | 0.1% |
2,272,699
+784,195
| +53% | +$95.6M |
|
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.