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 | |
|---|---|---|---|---|---|---|
151
PUT
Chevron
CVX
$403B
| $242M | 0.11% |
2,305,300
-614,500
| -21% | -$65.6M |
|
152
Micron Technology
MU
$1.09T
| $241M | 0.11% |
8,898,107
-775,508
| -8% | -$23.2M |
|
153
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $241M | 0.11% |
533,100
-120,800
| -18% | -$51.2M |
|
154
CALL
American Airlines Group
AAL
$9.15B
| $240M | 0.11% |
4,540,800
-4,851,400
| -52% | -$246M |
|
|
ANDV
155
PUT
DELISTED
Andeavor
ANDV
| $240M | 0.11% |
2,623,700
+792,500
| +43% | +$66.5M |
|
156
CALL
Wells Fargo
WFC
$254B
| $239M | 0.11% |
4,394,700
-1,474,300
| -25% | -$79.7M |
|
157
PUT
Delta Air Lines
DAL
$54.2B
| $237M | 0.11% |
5,276,800
+1,073,000
| +26% | +$49.8M |
|
158
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $237M | 0.11% |
1,641,700
-1,406,700
| -46% | -$207M |
|
159
Ford
F
$57.5B
| $235M | 0.11% |
14,579,618
-17,445,578
| -54% | -$275M |
|
160
PUT
Blackstone
BX
$108B
| $235M | 0.11% |
6,164,746
-4,312,816
| -41% | -$156M |
|
161
CALL
Johnson & Johnson
JNJ
$651B
| $235M | 0.11% |
2,336,000
-2,401,900
| -51% | -$244M |
|
162
CALL
PepsiCo
PEP
$196B
| $234M | 0.11% |
2,451,500
+1,021,300
| +71% | +$98.8M |
|
|
APC
163
CALL
DELISTED
Anadarko Petroleum
APC
| $234M | 0.11% |
2,822,600
-4,401,400
| -61% | -$360M |
|
164
PUT
AbbVie
ABBV
$468B
| $232M | 0.11% |
3,970,500
+1,460,700
| +58% | +$88.2M |
|
165
Halliburton
HAL
$29.4B
| $231M | 0.1% |
5,266,700
+72,299
| +1% | +$3.01M |
|
166
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $229M | 0.1% |
3,682,800
+281,600
| +8% | +$16.4M |
|
|
DD
167
CALL
DELISTED
Du Pont De Nemours E I
DD
| $228M | 0.1% |
3,357,806
-64,971
| -2% | -$4.64M |
|
168
CALL
GE Aerospace
GE
$361B
| $228M | 0.1% |
1,915,059
-210,582
| -10% | -$25.1M |
|
169
CALL
Bausch Health
BHC
$2.41B
| $227M | 0.1% |
1,145,300
-811,200
| -41% | -$144M |
|
170
CALL
3M
MMM
$92.3B
| $227M | 0.1% |
1,646,174
+285,006
| +21% | +$39.3M |
|
|
171
PUT
Wells Fargo
WFC
$254B
| $226M | 0.1% |
4,154,800
-1,607,700
| -28% | -$86.9M |
|
172
CALL
Caterpillar
CAT
$381B
| $224M | 0.1% |
2,799,100
-1,324,700
| -32% | -$110M |
|
173
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $224M | 0.1% |
2,821,100
+997,500
| +55% | +$79.8M |
|
174
Biogen
BIIB
$32B
| $222M | 0.1% |
525,652
+250,325
| +91% | +$98.7M |
|
|
APC
175
PUT
DELISTED
Anadarko Petroleum
APC
| $218M | 0.1% |
2,636,400
-925,600
| -26% | -$75.7M |
|
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.