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 | |
|---|---|---|---|---|---|---|
1751
CALL
Celanese
CE
$4.91B
| $11.1M | 0.01% |
199,000
-94,300
| -32% | -$5.34M |
|
1752
CALL
Dollar Tree
DLTR
$25.4B
| $11.1M | 0.01% |
136,700
-239,700
| -64% | -$18.2M |
|
|
JWN
1753
PUT
DELISTED
Nordstrom
JWN
| $11.1M | 0.01% |
138,100
-70,300
| -34% | -$5.56M |
|
1754
PUT
ProShares Ultra QQQ
QLD
$13.8B
| $11.1M | 0.01% |
2,486,400
-304,000
| -11% | -$1.34M |
|
|
VXX
1755
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $11.1M | 0.01% |
27,003
-24,450
| -48% | -$11.9M |
|
1756
CALL
DaVita
DVA
$11.5B
| $11.1M | 0.01% |
136,100
-119,200
| -47% | -$9.15M |
|
1757
CALL
Burlington
BURL
$19.8B
| $11.1M | 0.01% |
186,000
+106,700
| +135% | +$5.72M |
|
1758
PUT
Lamar Advertising Co
LAMR
$15.4B
| $11M | 0.01% |
186,100
-224,600
| -55% | -$12.8M |
|
1759
Eli Lilly
LLY
$1.06T
| $11M | 0.01% |
151,641
-49,873
| -25% | -$3.55M |
|
1760
iShares MSCI South Korea ETF
EWY
$27.9B
| $11M | 0.01% |
192,263
+34,075
| +22% | +$1.92M |
|
1761
Boyd Gaming
BYD
$5.86B
| $11M | 0.01% |
774,832
-323,593
| -29% | -$4.45M |
|
1762
Best Buy
BBY
$18.4B
| $11M | 0.01% |
290,166
-207,051
| -42% | -$7.92M |
|
|
EBIX
1763
DELISTED
Ebix Inc
EBIX
| $10.9M | 0.01% |
360,423
-96,986
| -21% | -$2.44M |
|
1764
CALL
Scotiabank
BNS
$114B
| $10.9M | 0.01% |
230,230
+197,370
| +601% | +$9.64M |
|
1765
PUT
Universal Health Services
UHS
$10.5B
| $10.9M | 0.01% |
92,900
+55,200
| +146% | +$6.11M |
|
1766
CALL
Cardinal Health
CAH
$55.4B
| $10.9M | 0.01% |
121,100
-20,200
| -14% | -$1.74M |
|
|
ZIONW
1767
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
| $10.9M | 0.01% |
2,846,798
| – | – |
|
1768
CALL
Roper Technologies
ROP
$40.9B
| $10.9M | 0.01% |
63,500
+30,700
| +94% | +$4.97M |
|
1769
Agnico Eagle Mines
AEM
$108B
| $10.9M | 0.01% |
390,891
-131,898
| -25% | -$4.06M |
|
1770
CALL
Icahn Enterprises
IEP
$4.84B
| $10.9M | 0.01% |
121,700
+21,700
| +22% | +$2.05M |
|
1771
CALL
ProShares UltraPro QQQ
TQQQ
$35.5B
| $10.9M | ﹤0.01% |
5,078,400
-220,800
| -4% | -$468K |
|
1772
PUT
Pultegroup
PHM
$24.8B
| $10.9M | ﹤0.01% |
490,100
-468,500
| -49% | -$10.2M |
|
|
AEGR
1773
PUT
DELISTED
Aegerion Pharmaceuticals
AEGR
| $10.9M | ﹤0.01% |
416,000
-281,700
| -40% | -$7.17M |
|
1774
PUT
Franco-Nevada
FNV
$51.6B
| $10.9M | ﹤0.01% |
224,100
+87,000
| +63% | +$4.53M |
|
1775
CALL
Herc Holdings
HRI
$5.22B
| $10.9M | ﹤0.01% |
166,933
-517,900
| -76% | -$34.6M |
|
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.