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 | |
|---|---|---|---|---|---|---|
176
PUT
Yum! Brands
YUM
$41.8B
| $170M | 0.09% |
2,887,299
-194,183
| -6% | -$10.2M |
|
177
CALL
Wynn Resorts
WYNN
$10.3B
| $169M | 0.09% |
1,806,300
-103,500
| -5% | -$7.64M |
|
178
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $167M | 0.09% |
2,042,700
-3,678,300
| -64% | -$292M |
|
179
PUT
Union Pacific
UNP
$183B
| $165M | 0.09% |
2,070,300
+346,900
| +20% | +$26.8M |
|
180
CALL
Kraft Heinz
KHC
$30.3B
| $164M | 0.09% |
2,090,800
-161,900
| -7% | -$12.1M |
|
181
CALL
Walmart Inc
WMT
$825B
| $164M | 0.09% |
7,170,000
-5,380,800
| -43% | -$118M |
|
|
MON
182
CALL
DELISTED
Monsanto Co
MON
| $163M | 0.09% |
1,862,500
-1,300,500
| -41% | -$117M |
|
183
PUT
SLB Ltd
SLB
$79.9B
| $163M | 0.09% |
2,212,000
-378,200
| -15% | -$26.6M |
|
184
PUT
Ford
F
$57.5B
| $162M | 0.09% |
12,034,100
-8,533,600
| -41% | -$107M |
|
185
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $162M | 0.09% |
8,193,535
+1,030,015
| +14% | +$19.6M |
|
186
CALL
Costco
COST
$420B
| $162M | 0.09% |
1,027,200
+410,800
| +67% | +$62.3M |
|
|
187
PUT
Wynn Resorts
WYNN
$10.3B
| $162M | 0.09% |
1,729,100
+469,400
| +37% | +$34.7M |
|
188
CALL
Target
TGT
$75.1B
| $161M | 0.09% |
1,953,100
+230,900
| +13% | +$17.4M |
|
189
PUT
Deere & Co
DE
$175B
| $159M | 0.08% |
2,064,200
-4,300
| -0.2% | -$337K |
|
190
Coca-Cola
KO
$392B
| $157M | 0.08% |
3,387,692
+2,162,448
| +176% | +$94.1M |
|
191
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $156M | 0.08% |
6,290,400
+4,635,600
| +280% | +$107M |
|
192
CALL
Oracle
ORCL
$422B
| $156M | 0.08% |
3,807,700
+973,200
| +34% | +$36M |
|
|
193
Meta Platforms (Facebook)
META
$1.4T
| $155M | 0.08% |
1,359,336
-2,770,883
| -67% | -$292M |
|
194
CALL
Qualcomm
QCOM
$169B
| $154M | 0.08% |
3,018,600
-223,200
| -7% | -$10.9M |
|
195
PUT
United Parcel Service
UPS
$86.8B
| $154M | 0.08% |
1,463,400
-266,500
| -15% | -$25.9M |
|
196
Pfizer
PFE
$160B
| $154M | 0.08% |
5,476,001
+1,857,738
| +51% | +$53.1M |
|
|
TWX
197
PUT
DELISTED
Time Warner Inc
TWX
| $153M | 0.08% |
2,110,900
+830,400
| +65% | +$57.2M |
|
198
CALL
Starbucks
SBUX
$122B
| $152M | 0.08% |
2,547,500
+342,600
| +16% | +$20M |
|
|
DD
199
CALL
DELISTED
Du Pont De Nemours E I
DD
| $152M | 0.08% |
2,394,900
-852,800
| -26% | -$51M |
|
200
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $152M | 0.08% |
576,900
+38,300
| +7% | +$9.32M |
|
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.