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 |
iShares MSCI Emerging Markets ETF
EEM
|
+$444M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$252M |
| 3 |
Bank of America
BAC
|
+$191M |
| 4 |
Citigroup
C
|
+$182M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$140M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$518M |
| 3 |
Meta Platforms (Facebook)
META
|
+$292M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$245M |
| 5 |
AGN
Allergan plc
AGN
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 1.95% |
| 2 | Technology | 1.63% |
| 3 | Consumer Discretionary | 1.42% |
| 4 | Communication Services | 1.39% |
| 5 | Healthcare | 1.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
PUT
Charter Communications
CHTR
$17.9B
| $194M | 0.1% |
956,900
+487,700
| +104% | +$87.5M |
|
152
CALL
Union Pacific
UNP
$183B
| $191M | 0.1% |
2,401,300
+520,400
| +28% | +$40.2M |
|
153
PUT
Qualcomm
QCOM
$169B
| $191M | 0.1% |
3,729,500
-1,074,800
| -22% | -$52.4M |
|
154
CALL
Merck
MRK
$376B
| $189M | 0.1% |
3,736,749
+31,650
| +0.9% | +$1.55M |
|
|
TWTR
155
DELISTED
Twitter, Inc.
TWTR
| $188M | 0.1% |
11,364,152
+3,639,948
| +47% | +$63.8M |
|
156
McDonald's
MCD
$192B
| $188M | 0.1% |
1,495,675
+898,278
| +150% | +$107M |
|
157
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $186M | 0.1% |
3,485,300
+422,500
| +14% | +$24.8M |
|
158
PUT
Coca-Cola
KO
$392B
| $186M | 0.1% |
4,018,200
+394,600
| +11% | +$17.2M |
|
159
CALL
Mastercard
MA
$509B
| $186M | 0.1% |
1,963,200
-961,900
| -33% | -$85M |
|
160
PUT
Starbucks
SBUX
$122B
| $183M | 0.1% |
3,066,300
-183,700
| -6% | -$10.7M |
|
|
QIHU
161
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $182M | 0.1% |
2,412,044
+225,113
| +10% | +$16.3M |
|
162
CALL
SLB Ltd
SLB
$79.9B
| $182M | 0.1% |
2,469,500
+185,000
| +8% | +$13M |
|
163
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $182M | 0.1% |
504,700
-45,600
| -8% | -$18.8M |
|
164
CALL
Nike
NKE
$60.5B
| $182M | 0.1% |
2,956,700
-8,300
| -0.3% | -$501K |
|
165
PUT
AbbVie
ABBV
$468B
| $181M | 0.1% |
3,174,300
-765,900
| -19% | -$42.7M |
|
166
CALL
Intuitive Surgical
ISRG
$134B
| $180M | 0.1% |
2,697,300
+54,900
| +2% | +$3.4M |
|
167
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $179M | 0.1% |
7
+1
| +17% | +$46.1M |
|
168
CALL
Bristol-Myers Squibb
BMY
$137B
| $179M | 0.1% |
2,805,300
+1,156,000
| +70% | +$72.9M |
|
|
169
CALL
Charter Communications
CHTR
$17.9B
| $179M | 0.1% |
882,700
+217,400
| +33% | +$39M |
|
|
170
PUT
Intuitive Surgical
ISRG
$134B
| $177M | 0.09% |
2,646,900
-1,119,600
| -30% | -$69.4M |
|
171
VanEck Gold Miners ETF
GDX
$31.8B
| $176M | 0.09% |
8,828,487
-770,575
| -8% | -$13.3M |
|
|
WBA
172
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $176M | 0.09% |
2,087,500
-187,400
| -8% | -$15M |
|
|
X
173
PUT
DELISTED
US Steel
X
| $172M | 0.09% |
10,735,500
+537,800
| +5% | +$5.36M |
|
174
CALL
Palo Alto Networks
PANW
$292B
| $172M | 0.09% |
6,330,600
-1,303,200
| -17% | -$32M |
|
175
Goldman Sachs
GS
$303B
| $172M | 0.09% |
1,092,910
-140,981
| -11% | -$21.8M |
|
Similar funds
Jeff Yass's Q1 2016 Portfolio in Review
As of Q1 2016, Jeff Yass held 10,537 positions worth $188B, down 13% from $216B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass withdrew a net $22.6B in Q1 2016, closing 1,613 positions and reducing 4,303 holdings. Its most notable exit was KEURIG GREEN MTN INC, an estimated $84.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 2% of assets, down from 2.2% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in iShares National Muni Bond ETF worth $17.4M.
- Jeff Yass's largest Q1 2016 buy was iShares National Muni Bond ETF: 155,932 shares worth $17.4M.
- Jeff Yass added most to iShares MSCI Emerging Markets ETF in Q1 2016, an estimated $444M increase.
- Jeff Yass's biggest Q1 2016 reduction was Apple, cutting an estimated $2.59B.
- Jeff Yass fully exited KEURIG GREEN MTN INC in Q1 2016, selling an estimated $84.4M.
- Jeff Yass's ten largest holdings make up 24% of its $188B portfolio in Q1 2016.
- Jeff Yass opened 1,208 new positions and closed 1,613 in Q1 2016.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $188B.
Based on Susquehanna International Group's 13F filing for Q1 2016, filed 13 May 2016.