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
|
+$1.58B |
| 2 |
Bank of America
BAC
|
+$690M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$244M |
| 4 |
Coca-Cola
KO
|
+$222M |
| 5 |
United States Oil Fund
USO
|
+$211M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$456M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$433M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$341M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$318M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$303M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.99% |
| 2 | Financials | 1.89% |
| 3 | Consumer Discretionary | 1.86% |
| 4 | Healthcare | 1.5% |
| 5 | Energy | 1.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
CALL
Skyworks Solutions
SWKS
$10.1B
| $196M | 0.09% |
1,997,300
+761,700
| +62% | +$65M |
|
202
CALL
eBay
EBAY
$46.3B
| $195M | 0.09% |
8,038,483
-2,823,639
| -26% | -$67.3M |
|
203
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.37B
| $195M | 0.09% |
4,339,200
+403,600
| +10% | +$16.5M |
|
204
PUT
Morgan Stanley
MS
$336B
| $194M | 0.09% |
5,434,200
-1,793,700
| -25% | -$64.4M |
|
205
CALL
Occidental Petroleum
OXY
$61.3B
| $193M | 0.09% |
2,643,093
-3,548,933
| -57% | -$274M |
|
|
AGN
206
DELISTED
Allergan plc
AGN
| $192M | 0.09% |
645,999
+336,162
| +108% | +$95.8M |
|
207
PUT
Bristol-Myers Squibb
BMY
$137B
| $192M | 0.09% |
2,974,500
-863,500
| -22% | -$54.1M |
|
208
PUT
Herbalife
HLF
$1.33B
| $188M | 0.09% |
8,796,400
-1,926,200
| -18% | -$32.9M |
|
209
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $187M | 0.08% |
4,456,900
-245,300
| -5% | -$10.5M |
|
210
CALL
Comcast
CMCSA
$95.3B
| $186M | 0.08% |
6,603,400
-7,259,800
| -52% | -$209M |
|
211
PUT
ConocoPhillips
COP
$162B
| $185M | 0.08% |
2,977,700
+123,200
| +4% | +$7.97M |
|
212
PUT
Capri Holdings
CPRI
$1.55B
| $185M | 0.08% |
2,819,200
-48,300
| -2% | -$3.31M |
|
213
Walmart Inc
WMT
$825B
| $185M | 0.08% |
6,745,572
-1,299,807
| -16% | -$36.9M |
|
|
214
PUT
eBay
EBAY
$46.3B
| $184M | 0.08% |
7,585,618
-2,341,310
| -24% | -$55.8M |
|
215
PUT
PepsiCo
PEP
$196B
| $184M | 0.08% |
1,925,200
+355,600
| +23% | +$34.4M |
|
216
CALL
Union Pacific
UNP
$183B
| $184M | 0.08% |
1,699,600
+525,200
| +45% | +$61.6M |
|
217
Procter & Gamble
PG
$336B
| $183M | 0.08% |
2,238,869
+1,524,701
| +213% | +$131M |
|
218
CALL
Las Vegas Sands
LVS
$30.5B
| $182M | 0.08% |
3,308,300
+574,800
| +21% | +$32M |
|
219
JPMorgan Chase
JPM
$935B
| $180M | 0.08% |
2,974,166
+2,766
| +0.1% | +$164K |
|
220
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $180M | 0.08% |
4,634,390
-4,632,896
| -50% | -$179M |
|
221
CALL
AbbVie
ABBV
$468B
| $180M | 0.08% |
3,070,000
-698,300
| -19% | -$42.2M |
|
222
CALL
UnitedHealth
UNH
$350B
| $179M | 0.08% |
1,511,000
+304,500
| +25% | +$33.8M |
|
223
CALL
Avis
CAR
$5.18B
| $178M | 0.08% |
3,012,300
-88,300
| -3% | -$5.39M |
|
224
iShares China Large-Cap ETF
FXI
$4.28B
| $178M | 0.08% |
3,995,762
+252,155
| +7% | +$10.7M |
|
225
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $176M | 0.08% |
2,341,500
+1,607,700
| +219% | +$112M |
|
Similar funds
Jeff Yass's Q1 2015 Portfolio in Review
As of Q1 2015, Jeff Yass held 10,735 positions worth $220B, down 13% from $252B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Jeff Yass withdrew a net $35.6B in Q1 2015, closing 1,393 positions and reducing 4,492 holdings. Its most notable exit was RF MICRO DEVICES INC, an estimated $38.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 3% of assets, up from 2.5% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in AB InBev worth $97.4M.
- Jeff Yass's largest Q1 2015 buy was AB InBev: 798,828 shares worth $97.4M.
- Jeff Yass added most to State Street SPDR S&P 500 ETF Trust in Q1 2015, an estimated $1.58B increase.
- Jeff Yass's biggest Q1 2015 reduction was iShares 20+ Year Treasury Bond ETF, cutting an estimated $456M.
- Jeff Yass fully exited RF MICRO DEVICES INC in Q1 2015, selling an estimated $38.3M.
- Jeff Yass's ten largest holdings make up 25% of its $220B portfolio in Q1 2015.
- Jeff Yass opened 1,178 new positions and closed 1,393 in Q1 2015.
- Jeff Yass's portfolio value fell 13% quarter-over-quarter to $220B.
Based on Susquehanna International Group's 13F filing for Q1 2015, filed 15 May 2015.