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 |
Synchrony
SYF
|
+$683M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$485M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$394M |
| 4 |
Apple
AAPL
|
+$378M |
| 5 |
Bausch Health
BHC
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$805M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$603M |
| 3 |
GE Aerospace
GE
|
+$548M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$426M |
| 5 |
Gilead Sciences
GILD
|
+$313M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.05% |
| 2 | Financials | 2.16% |
| 3 | Consumer Discretionary | 1.64% |
| 4 | Communication Services | 1.43% |
| 5 | Healthcare | 1.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LNKD
151
PUT
DELISTED
LinkedIn Corporation
LNKD
| $247M | 0.11% |
1,098,400
-405,000
| -27% | -$91.9M |
|
152
CALL
Amgen
AMGN
$238B
| $246M | 0.11% |
1,517,800
-168,600
| -10% | -$26.5M |
|
153
CALL
Kinder Morgan
KMI
$69B
| $246M | 0.11% |
16,473,900
+1,396,200
| +9% | +$33.3M |
|
154
CALL
Boeing
BA
$169B
| $245M | 0.11% |
1,696,800
-506,800
| -23% | -$73M |
|
155
PUT
Under Armour
UAA
$2.32B
| $243M | 0.11% |
6,027,200
+1,672,400
| +38% | +$76.3M |
|
156
PUT
Verizon
VZ
$205B
| $243M | 0.11% |
5,214,600
-1,560,300
| -23% | -$70.8M |
|
157
Alibaba
BABA
$286B
| $243M | 0.11% |
2,986,074
-1,476,973
| -33% | -$116M |
|
158
PUT
Qualcomm
QCOM
$169B
| $240M | 0.11% |
4,804,300
-660,300
| -12% | -$35.2M |
|
159
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $238M | 0.11% |
936,500
+423,800
| +83% | +$110M |
|
160
PUT
AbbVie
ABBV
$468B
| $233M | 0.11% |
3,940,200
-1,407,900
| -26% | -$81.1M |
|
|
161
CALL
DuPont de Nemours
DD
$18.7B
| $232M | 0.11% |
1,781,151
-534,945
| -23% | -$68.7M |
|
162
PUT
Intuitive Surgical
ISRG
$134B
| $229M | 0.11% |
3,766,500
+80,100
| +2% | +$4.5M |
|
|
GMCR
163
CALL
DELISTED
KEURIG GREEN MTN INC
GMCR
| $228M | 0.11% |
2,534,500
+239,500
| +10% | +$14.9M |
|
|
164
Gilead Sciences
GILD
$181B
| $227M | 0.1% |
2,241,397
-3,012,098
| -57% | -$313M |
|
165
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $225M | 0.1% |
5,759,600
+3,014,400
| +110% | +$120M |
|
|
166
PUT
DuPont de Nemours
DD
$18.7B
| $224M | 0.1% |
1,721,919
-3,675,711
| -68% | -$472M |
|
167
CALL
Palo Alto Networks
PANW
$292B
| $224M | 0.1% |
7,633,800
+3,537,000
| +86% | +$102M |
|
168
Goldman Sachs
GS
$303B
| $222M | 0.1% |
1,233,891
+571,947
| +86% | +$106M |
|
|
GMCR
169
PUT
DELISTED
KEURIG GREEN MTN INC
GMCR
| $221M | 0.1% |
2,452,500
+403,500
| +20% | +$25.1M |
|
170
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $219M | 0.1% |
6
+1
| +20% | +$38.6M |
|
171
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$635M
| $217M | 0.1% |
40,685
-25,398
| -38% | -$103M |
|
|
DD
172
CALL
DELISTED
Du Pont De Nemours E I
DD
| $216M | 0.1% |
3,247,700
+1,598,300
| +97% | +$101M |
|
|
CMA
173
CALL
DELISTED
Comerica
CMA
| $215M | 0.1% |
5,147,500
+1,286,800
| +33% | +$56.2M |
|
174
PUT
Micron Technology
MU
$1.09T
| $215M | 0.1% |
15,179,200
-13,050,000
| -46% | -$209M |
|
|
LNKD
175
CALL
DELISTED
LinkedIn Corporation
LNKD
| $214M | 0.1% |
951,400
+77,500
| +9% | +$17.6M |
|
Similar funds
Jeff Yass's Q4 2015 Portfolio in Review
As of Q4 2015, Jeff Yass held 10,716 positions worth $216B, down 6.4% from $231B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $26.7B in Q4 2015, closing 1,373 positions and reducing 4,567 holdings. Its most notable exit was Altera Corp, an estimated $97.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.9% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in Alphabet (Google) Class A worth $510M.
- Jeff Yass's largest Q4 2015 buy was Alphabet (Google) Class A: 13,098,340 shares worth $510M.
- Jeff Yass added most to Synchrony in Q4 2015, an estimated $683M increase.
- Jeff Yass's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $805M.
- Jeff Yass fully exited Altera Corp in Q4 2015, selling an estimated $97.3M.
- Jeff Yass's ten largest holdings make up 21% of its $216B portfolio in Q4 2015.
- Jeff Yass opened 1,138 new positions and closed 1,373 in Q4 2015.
- Jeff Yass's portfolio value fell 6.4% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q4 2015, filed 16 Feb 2016.