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 |
Synchrony
SYF
|
+$683M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$485M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$394M |
| 4 |
Apple
AAPL
|
+$378M |
| 5 |
Bausch Health
BHC
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$805M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$603M |
| 3 |
GE Aerospace
GE
|
+$548M |
| 4 |
iShares MSCI Emerging Markets ETF
EEM
|
+$426M |
| 5 |
Gilead Sciences
GILD
|
+$313M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.05% |
| 2 | Financials | 2.16% |
| 3 | Consumer Discretionary | 1.64% |
| 4 | Communication Services | 1.43% |
| 5 | Healthcare | 1.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
PUT
American Airlines Group
AAL
$9.15B
| $213M | 0.1% |
5,032,900
-2,824,000
| -36% | -$122M |
|
177
CALL
JD.com
JD
$39.7B
| $211M | 0.1% |
6,534,700
+579,500
| +10% | +$17.1M |
|
|
178
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $209M | 0.1% |
6,500,908
-12,415,426
| -66% | -$426M |
|
179
PUT
BP
BP
$115B
| $209M | 0.1% |
7,952,588
+79,985
| +1% | +$2.28M |
|
180
CALL
AB InBev
BUD
$155B
| $206M | 0.1% |
1,646,500
+582,200
| +55% | +$70.5M |
|
181
PUT
Amgen
AMGN
$238B
| $204M | 0.09% |
1,258,000
-944,500
| -43% | -$148M |
|
182
CALL
Halliburton
HAL
$29.4B
| $204M | 0.09% |
5,992,800
+981,700
| +20% | +$37M |
|
183
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $201M | 0.09% |
3,062,800
-1,216,900
| -28% | -$75.2M |
|
184
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $201M | 0.09% |
6,640,400
+2,157,400
| +48% | +$71M |
|
|
185
CALL
Teva Pharmaceuticals
TEVA
$43.5B
| $201M | 0.09% |
3,062,400
+479,300
| +19% | +$29.6M |
|
186
American Express
AXP
$227B
| $200M | 0.09% |
2,875,107
-355,678
| -11% | -$25.9M |
|
187
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $200M | 0.09% |
9,663,500
+530,500
| +6% | +$12.4M |
|
188
CALL
Caterpillar
CAT
$381B
| $199M | 0.09% |
2,926,600
-758,400
| -21% | -$53M |
|
189
PUT
FedEx
FDX
$76.9B
| $198M | 0.09% |
1,331,000
-236,200
| -15% | -$36.5M |
|
190
PUT
Costco
COST
$420B
| $196M | 0.09% |
1,214,900
-250,600
| -17% | -$39.6M |
|
191
PUT
Starbucks
SBUX
$122B
| $195M | 0.09% |
3,250,000
+327,800
| +11% | +$20M |
|
|
WBA
192
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $194M | 0.09% |
2,274,900
+215,100
| +10% | +$18.3M |
|
193
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $189M | 0.09% |
4,290,500
-1,220,100
| -22% | -$53.6M |
|
194
CALL
Merck
MRK
$376B
| $187M | 0.09% |
3,705,099
-783,171
| -17% | -$39.5M |
|
195
CALL
Nike
NKE
$60.5B
| $185M | 0.09% |
2,965,000
-758,200
| -20% | -$48.9M |
|
196
CALL
Visa
V
$693B
| $184M | 0.09% |
2,372,700
-947,100
| -29% | -$73.4M |
|
197
NETSCOUT
NTCT
$2.8B
| $183M | 0.08% |
5,971,255
-385,273
| -6% | -$13.2M |
|
198
PUT
SLB Ltd
SLB
$79.9B
| $181M | 0.08% |
2,590,200
-486,900
| -16% | -$36.5M |
|
199
CALL
Micron Technology
MU
$1.09T
| $181M | 0.08% |
12,754,600
+9,700
| +0.1% | +$155K |
|
|
ESRX
200
CALL
DELISTED
Express Scripts Holding Company
ESRX
| $180M | 0.08% |
2,057,200
-35,800
| -2% | -$3.07M |
|
Similar funds
Jeff Yass's Q4 2015 Portfolio in Review
As of Q4 2015, Jeff Yass held 10,716 positions worth $216B, down 6.4% from $231B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Jeff Yass withdrew a net $26.7B in Q4 2015, closing 1,373 positions and reducing 4,567 holdings. Its most notable exit was Altera Corp, an estimated $97.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.9% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in Alphabet (Google) Class A worth $510M.
- Jeff Yass's largest Q4 2015 buy was Alphabet (Google) Class A: 13,098,340 shares worth $510M.
- Jeff Yass added most to Synchrony in Q4 2015, an estimated $683M increase.
- Jeff Yass's biggest Q4 2015 reduction was DuPont de Nemours, cutting an estimated $805M.
- Jeff Yass fully exited Altera Corp in Q4 2015, selling an estimated $97.3M.
- Jeff Yass's ten largest holdings make up 21% of its $216B portfolio in Q4 2015.
- Jeff Yass opened 1,138 new positions and closed 1,373 in Q4 2015.
- Jeff Yass's portfolio value fell 6.4% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q4 2015, filed 16 Feb 2016.