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
|
+$1.22B |
| 2 |
Alibaba
BABA
|
+$408M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$292M |
| 4 |
Gilead Sciences
GILD
|
+$218M |
| 5 |
Ford
F
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Emerging Markets ETF
EEM
|
+$1.37B |
| 2 |
iShares Russell 2000 ETF
IWM
|
+$1.18B |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$619M |
| 4 |
Bank of America
BAC
|
+$487M |
| 5 |
Booking.com
BKNG
|
+$406M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.53% |
| 2 | Consumer Discretionary | 2.02% |
| 3 | Financials | 1.63% |
| 4 | Healthcare | 1.38% |
| 5 | Energy | 1.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWC
176
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $262M | 0.1% |
1,720,500
+843,800
| +96% | +$122M |
|
177
CALL
Visa
V
$693B
| $259M | 0.1% |
3,954,800
-2,525,600
| -39% | -$152M |
|
178
CALL
GE Aerospace
GE
$361B
| $257M | 0.1% |
2,125,641
+556,857
| +35% | +$68.5M |
|
179
PUT
Verizon
VZ
$205B
| $257M | 0.1% |
5,470,900
-163,500
| -3% | -$8M |
|
180
CALL
US Bancorp
USB
$96.7B
| $257M | 0.1% |
5,722,800
+2,197,800
| +62% | +$94.6M |
|
181
PUT
American Airlines Group
AAL
$9.15B
| $257M | 0.1% |
4,793,600
+270,400
| +6% | +$11.6M |
|
182
CALL
eBay
EBAY
$46.3B
| $257M | 0.1% |
10,862,122
-5,055,177
| -32% | -$115M |
|
183
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $256M | 0.1% |
2,855,600
+27,300
| +1% | +$2.49M |
|
184
PUT
Las Vegas Sands
LVS
$30.5B
| $256M | 0.1% |
4,394,700
-1,297,700
| -23% | -$78.2M |
|
185
VanEck Gold Miners ETF
GDX
$31.8B
| $255M | 0.1% |
13,879,496
-4,230,630
| -23% | -$81.8M |
|
186
CALL
Halliburton
HAL
$29.4B
| $254M | 0.1% |
6,459,900
+3,185,900
| +97% | +$155M |
|
187
CALL
AstraZeneca
AZN
$257B
| $251M | 0.1% |
3,559,300
+1,726,100
| +94% | +$124M |
|
|
PARA
188
PUT
DELISTED
Paramount Global Class B
PARA
| $250M | 0.1% |
4,521,300
+118,700
| +3% | +$6.32M |
|
189
PUT
GoPro
GPRO
$116M
| $250M | 0.1% |
3,954,000
-879,700
| -18% | -$64.8M |
|
190
CALL
ConocoPhillips
COP
$162B
| $248M | 0.1% |
3,595,800
+1,825,100
| +103% | +$127M |
|
191
PUT
Bausch Health
BHC
$2.41B
| $248M | 0.1% |
1,734,900
-276,900
| -14% | -$37.2M |
|
192
CALL
BP
BP
$115B
| $247M | 0.1% |
7,810,165
+5,028,626
| +181% | +$169M |
|
193
CALL
AbbVie
ABBV
$468B
| $247M | 0.1% |
3,768,300
+807,600
| +27% | +$50.9M |
|
194
PUT
Walt Disney
DIS
$186B
| $246M | 0.1% |
2,607,600
-357,900
| -12% | -$32.3M |
|
195
PUT
Cheniere Energy
LNG
$57.3B
| $243M | 0.1% |
3,456,300
+547,000
| +19% | +$38.6M |
|
196
CALL
Delta Air Lines
DAL
$54.2B
| $243M | 0.1% |
4,936,600
+2,172,800
| +79% | +$91.5M |
|
197
Microsoft
MSFT
$3.59T
| $241M | 0.1% |
5,186,603
+1,349,211
| +35% | +$63.3M |
|
|
DD
198
CALL
DELISTED
Du Pont De Nemours E I
DD
| $240M | 0.1% |
3,422,777
-325,903
| -9% | -$21.8M |
|
199
PUT
United Airlines
UAL
$36.7B
| $238M | 0.09% |
3,556,500
+725,500
| +26% | +$40.2M |
|
|
MON
200
CALL
DELISTED
Monsanto Co
MON
| $235M | 0.09% |
1,971,200
+723,500
| +58% | +$84M |
|
Similar funds
Jeff Yass's Q4 2014 Portfolio in Review
As of Q4 2014, Jeff Yass held 10,737 positions worth $252B, down 3% from $260B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass withdrew a net $10.2B in Q4 2014, closing 1,178 positions and reducing 4,352 holdings. Its most notable exit was Bausch Health, an estimated $68.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.5% of assets, up from 2.2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in Northern Trust Morningstar Global Upstream Natural Resources ETF worth $31M.
- Jeff Yass's largest Q4 2014 buy was Northern Trust Morningstar Global Upstream Natural Resources ETF: 1,011,289 shares worth $31M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q4 2014, an estimated $1.22B increase.
- Jeff Yass's biggest Q4 2014 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $1.37B.
- Jeff Yass fully exited Bausch Health in Q4 2014, selling an estimated $68.9M.
- Jeff Yass's ten largest holdings make up 23% of its $252B portfolio in Q4 2014.
- Jeff Yass opened 1,370 new positions and closed 1,178 in Q4 2014.
- Jeff Yass's portfolio value fell 3% quarter-over-quarter to $252B.
Based on Susquehanna International Group's 13F filing for Q4 2014, filed 17 Feb 2015.