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 | |
|---|---|---|---|---|---|---|
1801
PUT
NextEra Energy
NEE
$176B
| $7.6M | ﹤0.01% |
256,800
-664,000
| -72% | -$18.6M |
|
1802
CALL
Willis Towers Watson
WTW
$31.9B
| $7.59M | ﹤0.01% |
64,000
+56,752
| +783% | +$6.53M |
|
1803
PUT
Direxion Daily MSCI Emerging Markets Bear 3X ETF
EDZ
$20.2M
| $7.58M | ﹤0.01% |
4,350
+12
| +0.3% | +$30.2K |
|
|
CERN
1804
DELISTED
Cerner Corp
CERN
| $7.56M | ﹤0.01% |
142,670
+79,837
| +127% | +$4.35M |
|
1805
Travelers Companies
TRV
$77.4B
| $7.55M | ﹤0.01% |
64,735
-147,171
| -69% | -$16.1M |
|
1806
CALL
The Mosaic Company
MOS
$7.68B
| $7.55M | ﹤0.01% |
279,800
-825,000
| -75% | -$21.5M |
|
1807
PUT
Factset
FDS
$10.5B
| $7.52M | ﹤0.01% |
49,600
+6,300
| +15% | +$940K |
|
1808
GameStop
GME
$8.06B
| $7.51M | ﹤0.01% |
946,700
-3,220,624
| -77% | -$23.1M |
|
1809
KKR & Co
KKR
$97.4B
| $7.51M | ﹤0.01% |
511,148
+403,677
| +376% | +$5.49M |
|
1810
PUT
Terex
TEX
$7.47B
| $7.49M | ﹤0.01% |
301,200
+31,600
| +12% | +$661K |
|
1811
PUT
BorgWarner
BWA
$13.2B
| $7.49M | ﹤0.01% |
221,634
-41,350
| -16% | -$1.23M |
|
|
HIMX
1812
CALL
Himax Technologies
HIMX
$2.41B
| $7.49M | ﹤0.01% |
666,400
+72,900
| +12% | +$640K |
|
1813
PUT
Neurocrine Biosciences
NBIX
$15.9B
| $7.47M | ﹤0.01% |
189,000
+60,000
| +47% | +$2.38M |
|
1814
PUT
Ciena
CIEN
$57.2B
| $7.47M | ﹤0.01% |
392,600
-108,500
| -22% | -$2M |
|
1815
Bank of Montreal
BMO
$121B
| $7.46M | ﹤0.01% |
122,964
-31,073
| -20% | -$1.7M |
|
1816
CALL
Public Service Enterprise Group
PEG
$36.9B
| $7.46M | ﹤0.01% |
158,300
+115,200
| +267% | +$4.89M |
|
1817
Ryanair
RYAAY
$29.4B
| $7.45M | ﹤0.01% |
216,940
-38,020
| -15% | -$1.25M |
|
|
RDS.B
1818
CALL
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $7.45M | ﹤0.01% |
151,400
+2,500
| +2% | +$112K |
|
1819
PUT
Everest Group
EG
$14.6B
| $7.44M | ﹤0.01% |
37,700
-16,000
| -30% | -$2.96M |
|
1820
PUT
VF Corp
VFC
$5.46B
| $7.44M | ﹤0.01% |
122,024
-192,965
| -61% | -$11.2M |
|
1821
PUT
Oneok
OKE
$59.8B
| $7.43M | ﹤0.01% |
248,900
-31,100
| -11% | -$765K |
|
1822
PUT
Alerian MLP ETF
AMLP
$13.4B
| $7.43M | ﹤0.01% |
136,300
-26,160
| -16% | -$1.33M |
|
1823
CALL
YPF Sociedad Anonima ADS
YPF
$19.7B
| $7.42M | ﹤0.01% |
415,200
-1,606,500
| -79% | -$26.6M |
|
|
ETFC
1824
CALL
DELISTED
E*Trade Financial Corporation
ETFC
| $7.42M | ﹤0.01% |
302,900
-302,500
| -50% | -$7.32M |
|
1825
Mercado Libre
MELI
$98.9B
| $7.41M | ﹤0.01% |
62,887
+19,287
| +44% | +$2M |
|
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.