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 | |
|---|---|---|---|---|---|---|
|
VAR
1976
CALL
DELISTED
Varian Medical Systems, Inc.
VAR
| $6.45M | ﹤0.01% |
91,915
-36,606
| -28% | -$2.49M |
|
1977
PUT
Prospect Capital
PSEC
$1.18B
| $6.45M | ﹤0.01% |
886,900
+144,800
| +20% | +$962K |
|
1978
CALL
United Natural Foods
UNFI
$2.9B
| $6.42M | ﹤0.01% |
159,400
+28,900
| +22% | +$1.07M |
|
1979
PUT
Vanguard Morningstar Total Stock Market ETF
VTI
$685B
| $6.41M | ﹤0.01% |
61,100
+25,800
| +73% | +$2.56M |
|
|
JOY
1980
DELISTED
Joy Global Inc
JOY
| $6.41M | ﹤0.01% |
398,959
+59,024
| +17% | +$743K |
|
|
WPZ
1981
PUT
DELISTED
Williams Partners L.P.
WPZ
| $6.41M | ﹤0.01% |
313,300
+76,300
| +32% | +$1.5M |
|
|
CS
1982
CALL
DELISTED
Credit Suisse Group
CS
| $6.4M | ﹤0.01% |
453,100
-11,300
| -2% | -$180K |
|
1983
CALL
ProShares Ultra Silver
AGQ
$1.6B
| $6.4M | ﹤0.01% |
195,000
+11,300
| +6% | +$352K |
|
|
AMTD
1984
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
| $6.4M | ﹤0.01% |
202,900
+53,400
| +36% | +$1.57M |
|
1985
CALL
Agilent Technologies
A
$43.8B
| $6.38M | ﹤0.01% |
160,000
+9,600
| +6% | +$366K |
|
1986
PUT
Assured Guaranty
AGO
$3.34B
| $6.38M | ﹤0.01% |
252,000
-1,660,400
| -87% | -$40.8M |
|
1987
CALL
AutoNation
AN
$6.5B
| $6.37M | ﹤0.01% |
136,500
+7,000
| +5% | +$339K |
|
|
DST
1988
CALL
DELISTED
DST Systems Inc.
DST
| $6.37M | ﹤0.01% |
113,000
+108,200
| +2,254% | +$5.76M |
|
1989
PUT
Zebra Technologies
ZBRA
$17B
| $6.37M | ﹤0.01% |
92,300
+28,000
| +44% | +$1.75M |
|
|
QEP
1990
PUT
DELISTED
QEP RESOURCES, INC.
QEP
| $6.37M | ﹤0.01% |
451,300
-395,000
| -47% | -$4.57M |
|
1991
CALL
Halozyme
HALO
$12.2B
| $6.37M | ﹤0.01% |
672,300
+47,100
| +8% | +$443K |
|
|
MRO
1992
DELISTED
Marathon Oil Corporation
MRO
| $6.36M | ﹤0.01% |
570,589
+317,951
| +126% | +$2.97M |
|
1993
PUT
Smith & Wesson
SWBI
$600M
| $6.35M | ﹤0.01% |
310,549
+85,216
| +38% | +$1.59M |
|
1994
Kohl's
KSS
$2.03B
| $6.34M | ﹤0.01% |
136,019
+94,592
| +228% | +$4.44M |
|
|
TERP
1995
PUT
DELISTED
TerraForm Power, Inc
TERP
| $6.34M | ﹤0.01% |
733,000
+149,400
| +26% | +$1.39M |
|
|
VER
1996
PUT
DELISTED
VEREIT, Inc.
VER
| $6.34M | ﹤0.01% |
142,900
-100,780
| -41% | -$4M |
|
1997
CALL
AES
AES
$10.5B
| $6.33M | ﹤0.01% |
536,900
+301,100
| +128% | +$3M |
|
1998
CALL
Affiliated Managers Group
AMG
$9.58B
| $6.33M | ﹤0.01% |
39,000
+18,700
| +92% | +$2.61M |
|
1999
Allstate
ALL
$66.2B
| $6.32M | ﹤0.01% |
93,821
-86,645
| -48% | -$5.44M |
|
2000
PUT
ProShares UltraShort Energy
DUG
$27.8M
| $6.32M | ﹤0.01% |
5,150
+1,475
| +40% | +$2.18M |
|
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.