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
|
+$1.29B |
| 2 |
DuPont de Nemours
DD
|
+$781M |
| 3 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$331M |
| 4 |
Walt Disney
DIS
|
+$311M |
| 5 |
NETSCOUT
NTCT
|
+$239M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$287M |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$272M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$195M |
| 4 |
Alibaba
BABA
|
+$179M |
| 5 |
iShares MSCI EAFE ETF
EFA
|
+$169M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.94% |
| 2 | Communication Services | 1.6% |
| 3 | Financials | 1.54% |
| 4 | Healthcare | 1.45% |
| 5 | Consumer Discretionary | 1.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
PUT
Deere & Co
DE
$175B
| $259M | 0.11% |
3,495,300
+1,260,200
| +56% | +$111M |
|
152
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $257M | 0.11% |
552,400
+9,100
| +2% | +$4.89M |
|
153
PUT
Halliburton
HAL
$29.4B
| $254M | 0.11% |
7,180,800
+295,600
| +4% | +$11.6M |
|
154
CALL
American Airlines Group
AAL
$9.15B
| $250M | 0.11% |
6,437,000
+950,500
| +17% | +$39M |
|
155
PUT
APA Corp
APA
$15.2B
| $249M | 0.11% |
6,353,600
+4,941,200
| +350% | +$225M |
|
|
156
CALL
DuPont de Nemours
DD
$18.7B
| $249M | 0.11% |
2,316,096
+816,298
| +54% | +$94.6M |
|
157
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $248M | 0.11% |
3,977,500
+57,100
| +1% | +$4.5M |
|
158
CALL
UnitedHealth
UNH
$350B
| $247M | 0.11% |
2,131,600
+818,400
| +62% | +$98M |
|
159
CALL
American International
AIG
$39.8B
| $246M | 0.11% |
4,327,500
-387,500
| -8% | -$23.7M |
|
|
TWC
160
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $245M | 0.11% |
1,366,300
+329,700
| +32% | +$61.6M |
|
|
TWTR
161
DELISTED
Twitter, Inc.
TWTR
| $243M | 0.11% |
9,015,294
+2,791,870
| +45% | +$83.8M |
|
162
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $242M | 0.1% |
4,279,700
+232,800
| +6% | +$15.1M |
|
163
CALL
Caterpillar
CAT
$381B
| $241M | 0.1% |
3,685,000
+1,062,900
| +41% | +$81.3M |
|
164
PUT
Bristol-Myers Squibb
BMY
$137B
| $241M | 0.1% |
4,064,100
+1,484,800
| +58% | +$94.2M |
|
165
American Express
AXP
$227B
| $239M | 0.1% |
3,230,785
+131,595
| +4% | +$10.1M |
|
|
166
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $239M | 0.1% |
3,843,500
+828,500
| +27% | +$65.3M |
|
167
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $239M | 0.1% |
5,510,600
-1,026,600
| -16% | -$47M |
|
168
CALL
United States Oil Fund
USO
$2.24B
| $237M | 0.1% |
2,019,950
-209,563
| -9% | -$25.7M |
|
169
PUT
Merck
MRK
$376B
| $236M | 0.1% |
5,004,934
+2,055,233
| +70% | +$109M |
|
170
Berkshire Hathaway Class B
BRK.B
$1.06T
| $234M | 0.1% |
1,796,669
+375,473
| +26% | +$51.4M |
|
171
CALL
Amgen
AMGN
$238B
| $233M | 0.1% |
1,686,400
+214,500
| +15% | +$33.8M |
|
172
CALL
Visa
V
$693B
| $231M | 0.1% |
3,319,800
+1,393,800
| +72% | +$99.5M |
|
173
Citigroup
C
$221B
| $230M | 0.1% |
4,638,698
-1,375,599
| -23% | -$75.1M |
|
174
CALL
Williams Companies
WMB
$86.2B
| $229M | 0.1% |
6,223,200
+164,600
| +3% | +$8.2M |
|
175
CALL
Nike
NKE
$60.5B
| $229M | 0.1% |
3,723,200
+1,374,000
| +58% | +$77.7M |
|
Similar funds
Jeff Yass's Q3 2015 Portfolio in Review
As of Q3 2015, Jeff Yass held 11,075 positions worth $231B, down 1.7% from $235B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass deployed $20.5B of net new capital in Q3 2015, opening 1,028 new positions and adding to 4,038 existing holdings. Its largest new stake was PayPal: 1,385,778 shares worth $43M.
By sector, the portfolio is most concentrated in Technology at 2.9% of assets, down from 3.1% a quarter earlier, followed by Communication Services and Financials.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $287M trimmed.
- Jeff Yass's largest Q3 2015 buy was PayPal: 1,385,778 shares worth $43M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q3 2015, an estimated $1.29B increase.
- Jeff Yass's biggest Q3 2015 reduction was Meta Platforms (Facebook), cutting an estimated $287M.
- Jeff Yass fully exited CATAMARAN CORP COM STK (CDA) in Q3 2015, selling an estimated $41.7M.
- Jeff Yass's ten largest holdings make up 25% of its $231B portfolio in Q3 2015.
- Jeff Yass opened 1,028 new positions and closed 1,500 in Q3 2015.
- Jeff Yass's portfolio value fell 1.7% quarter-over-quarter to $231B.
Based on Susquehanna International Group's 13F filing for Q3 2015, filed 16 Nov 2015.