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 |
Alphabet (Google) Class C
GOOG
|
+$726M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$599M |
| 3 |
Apple
AAPL
|
+$578M |
| 4 |
Meta Platforms (Facebook)
META
|
+$328M |
| 5 |
American Airlines Group
AAL
|
+$317M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.17B |
| 2 |
Gilead Sciences
GILD
|
+$392M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$285M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$225M |
| 5 |
Intel
INTC
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.09% |
| 2 | Consumer Discretionary | 2.15% |
| 3 | Financials | 1.67% |
| 4 | Healthcare | 1.64% |
| 5 | Communication Services | 1.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
CALL
HCA Healthcare
HCA
$92.9B
| $253M | 0.11% |
2,786,700
+2,231,200
| +402% | +$179M |
|
152
CALL
Chevron
CVX
$403B
| $252M | 0.11% |
2,613,900
-97,900
| -4% | -$10.3M |
|
153
CALL
Verizon
VZ
$205B
| $251M | 0.11% |
5,363,300
-1,382,100
| -20% | -$67.7M |
|
154
PUT
Las Vegas Sands
LVS
$30.5B
| $248M | 0.11% |
4,708,700
+206,400
| +5% | +$11M |
|
155
PUT
Cisco
CSCO
$438B
| $246M | 0.1% |
8,973,600
+1,617,100
| +22% | +$46.4M |
|
156
PUT
Coca-Cola
KO
$392B
| $246M | 0.1% |
6,279,800
-1,255,600
| -17% | -$51.1M |
|
157
General Motors
GM
$77.2B
| $246M | 0.1% |
7,377,365
+4,242,641
| +135% | +$151M |
|
158
CALL
United Parcel Service
UPS
$86.8B
| $244M | 0.1% |
2,522,900
-748,000
| -23% | -$74.3M |
|
159
PUT
Ambarella
AMBA
$3.23B
| $242M | 0.1% |
2,360,800
+872,800
| +59% | +$76.3M |
|
160
American Express
AXP
$227B
| $241M | 0.1% |
3,099,190
+1,144,545
| +59% | +$90.8M |
|
161
CALL
Boeing
BA
$169B
| $241M | 0.1% |
1,736,300
-447,400
| -20% | -$65.2M |
|
162
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $239M | 0.1% |
4,046,900
+364,100
| +10% | +$22.5M |
|
163
CALL
Mastercard
MA
$509B
| $238M | 0.1% |
2,548,500
+166,100
| +7% | +$15.2M |
|
164
CALL
Delta Air Lines
DAL
$54.2B
| $238M | 0.1% |
5,789,900
+2,726,300
| +89% | +$119M |
|
|
VXX
165
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $238M | 0.1% |
739,338
-67,062
| -8% | -$21.8M |
|
|
166
PUT
HCA Healthcare
HCA
$92.9B
| $237M | 0.1% |
2,617,200
+1,333,200
| +104% | +$107M |
|
167
PUT
Intuitive Surgical
ISRG
$134B
| $237M | 0.1% |
4,401,900
+88,200
| +2% | +$4.93M |
|
|
168
CALL
Coca-Cola
KO
$392B
| $233M | 0.1% |
5,929,100
+1,890,200
| +47% | +$76.9M |
|
|
CBI
169
PUT
DELISTED
Chicago Bridge & Iron Nv
CBI
| $231M | 0.1% |
4,606,500
+1,489,000
| +48% | +$77.4M |
|
170
PUT
Costco
COST
$420B
| $230M | 0.1% |
1,700,000
+605,000
| +55% | +$87M |
|
171
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $229M | 0.1% |
3,213,600
+392,500
| +14% | +$29.8M |
|
172
PUT
Comcast
CMCSA
$95.3B
| $229M | 0.1% |
7,612,800
-1,721,800
| -18% | -$50.5M |
|
|
173
Boeing
BA
$169B
| $229M | 0.1% |
1,647,735
+256,304
| +18% | +$37.4M |
|
174
CALL
Amgen
AMGN
$238B
| $226M | 0.1% |
1,471,900
-58,200
| -4% | -$9.32M |
|
|
TWTR
175
DELISTED
Twitter, Inc.
TWTR
| $225M | 0.1% |
6,223,424
+4,601,596
| +284% | +$188M |
|
Similar funds
Jeff Yass's Q2 2015 Portfolio in Review
As of Q2 2015, Jeff Yass held 10,941 positions worth $235B, up 6.8% from $220B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $12.9B of net new capital in Q2 2015, opening 1,599 new positions and adding to 4,693 existing holdings. Its largest new stake was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.17B trimmed.
- Jeff Yass's largest Q2 2015 buy was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
- Jeff Yass added most to Alphabet (Google) Class C in Q2 2015, an estimated $726M increase.
- Jeff Yass's biggest Q2 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.17B.
- Jeff Yass fully exited ACTAVIS PLC Pfd Conv Ser A (Irl) in Q2 2015, selling an estimated $41.7M.
- Jeff Yass's ten largest holdings make up 24% of its $235B portfolio in Q2 2015.
- Jeff Yass opened 1,599 new positions and closed 888 in Q2 2015.
- Jeff Yass's portfolio value rose 6.8% quarter-over-quarter to $235B.
Based on Susquehanna International Group's 13F filing for Q2 2015, filed 14 Aug 2015.