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 | |
|---|---|---|---|---|---|---|
|
CVC
1826
PUT
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $7.41M | ﹤0.01% |
224,500
-133,000
| -37% | -$4.29M |
|
1827
CALL
Urban Outfitters
URBN
$7.1B
| $7.4M | ﹤0.01% |
223,600
-23,900
| -10% | -$632K |
|
1828
Ares Capital
ARCC
$14.3B
| $7.4M | ﹤0.01% |
498,403
+317,704
| +176% | +$4.38M |
|
|
AVP
1829
CALL
DELISTED
Avon Products, Inc.
AVP
| $7.39M | ﹤0.01% |
1,536,300
+1,268,000
| +473% | +$4.53M |
|
|
NRF
1830
PUT
DELISTED
NorthStar Realty Finance Corp.
NRF
| $7.39M | ﹤0.01% |
563,200
-266,600
| -32% | -$3.27M |
|
1831
CALL
PBF Energy
PBF
$8.27B
| $7.39M | ﹤0.01% |
222,500
+143,500
| +182% | +$4.59M |
|
1832
CALL
TE Connectivity
TEL
$59.4B
| $7.39M | ﹤0.01% |
119,300
+85,800
| +256% | +$4.98M |
|
|
ULTI
1833
CALL
DELISTED
Ultimate Software Group Inc
ULTI
| $7.37M | ﹤0.01% |
38,100
-39,200
| -51% | -$6.82M |
|
1834
CALL
Liberty Global Class C
LBTYK
$3.58B
| $7.37M | ﹤0.01% |
226,022
-248,487
| -52% | -$7.56M |
|
|
PNC.WS
1835
DELISTED
PNC Financial Services Group Inc
PNC.WS
| $7.37M | ﹤0.01% |
362,761
| – | – |
|
|
TLRD
1836
CALL
DELISTED
Tailored Brands, Inc.
TLRD
| $7.36M | ﹤0.01% |
+411,300
| New | +$6.34M |
|
1837
PUT
Dillards
DDS
$9.87B
| $7.34M | ﹤0.01% |
86,500
-53,600
| -38% | -$4.02M |
|
1838
PUT
PACCAR
PCAR
$68B
| $7.34M | ﹤0.01% |
201,450
+21,450
| +12% | +$718K |
|
|
RLYP
1839
DELISTED
RELYPSA INC COM
RLYP
| $7.33M | ﹤0.01% |
541,088
-266,577
| -33% | -$4.53M |
|
|
XYZ
1840
PUT
Block Inc
XYZ
$49.9B
| $7.32M | ﹤0.01% |
479,300
+225,700
| +89% | +$2.44M |
|
1841
NOV
NOV
$7.21B
| $7.32M | ﹤0.01% |
235,411
+41,345
| +21% | +$1.26M |
|
1842
Corpay
CPAY
$26.7B
| $7.31M | ﹤0.01% |
49,140
+6,250
| +15% | +$812K |
|
1843
CALL
Insulet
PODD
$9.94B
| $7.3M | ﹤0.01% |
220,300
+181,200
| +463% | +$5.69M |
|
1844
CALL
Aon
AON
$75.1B
| $7.3M | ﹤0.01% |
69,900
+7,600
| +12% | +$712K |
|
|
SOHU
1845
PUT
Sohu.com
SOHU
$369M
| $7.29M | ﹤0.01% |
147,100
-82,600
| -36% | -$4M |
|
1846
CALL
M&T Bank
MTB
$34.9B
| $7.26M | ﹤0.01% |
65,400
+4,600
| +8% | +$499K |
|
1847
CALL
WisdomTree Europe Hedged Equity Fund
HEDJ
$1.84B
| $7.26M | ﹤0.01% |
279,600
-421,000
| -60% | -$10.7M |
|
1848
CALL
Moody's
MCO
$89.1B
| $7.25M | ﹤0.01% |
75,100
+18,400
| +32% | +$1.65M |
|
1849
Invesco S&P 500 Pure Value ETF
RPV
$1.75B
| $7.23M | ﹤0.01% |
143,024
+110,155
| +335% | +$5.16M |
|
|
HA
1850
DELISTED
Hawaiian Holdings, Inc.
HA
| $7.22M | ﹤0.01% |
152,985
-122,873
| -45% | -$4.76M |
|
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.