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 |
Alphabet (Google) Class C
GOOG
|
+$726M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$599M |
| 3 |
Apple
AAPL
|
+$578M |
| 4 |
Meta Platforms (Facebook)
META
|
+$328M |
| 5 |
American Airlines Group
AAL
|
+$317M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.17B |
| 2 |
Gilead Sciences
GILD
|
+$392M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$285M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$225M |
| 5 |
Intel
INTC
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.09% |
| 2 | Consumer Discretionary | 2.15% |
| 3 | Financials | 1.67% |
| 4 | Healthcare | 1.64% |
| 5 | Communication Services | 1.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $194M | 0.08% |
2,458,000
+584,900
| +31% | +$49.1M |
|
202
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $194M | 0.08% |
9,072,273
-5,175,254
| -36% | -$112M |
|
|
203
Berkshire Hathaway Class B
BRK.B
$1.06T
| $193M | 0.08% |
1,421,196
-1,574,047
| -53% | -$225M |
|
204
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.57B
| $193M | 0.08% |
4,197,500
+3,921,100
| +1,419% | +$191M |
|
205
CF Industries
CF
$19.6B
| $193M | 0.08% |
3,004,272
+372,042
| +14% | +$22.6M |
|
206
PUT
Herbalife
HLF
$1.33B
| $193M | 0.08% |
7,008,600
-1,787,800
| -20% | -$43.3M |
|
207
Booking.com
BKNG
$158B
| $193M | 0.08% |
4,188,950
+1,889,600
| +82% | +$90.2M |
|
208
CALL
Merck
MRK
$376B
| $192M | 0.08% |
3,528,721
-2,025,679
| -36% | -$114M |
|
209
AT&T
T
$173B
| $190M | 0.08% |
7,096,759
+5,855,050
| +472% | +$151M |
|
210
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $187M | 0.08% |
1,592,455
+756,331
| +90% | +$92.8M |
|
211
CALL
Occidental Petroleum
OXY
$61.3B
| $187M | 0.08% |
2,403,887
-239,206
| -9% | -$18.7M |
|
212
McDonald's
MCD
$192B
| $186M | 0.08% |
1,959,911
-1,025,017
| -34% | -$99.1M |
|
213
Costco
COST
$420B
| $186M | 0.08% |
1,377,585
+890,386
| +183% | +$128M |
|
214
CALL
eBay
EBAY
$46.3B
| $186M | 0.08% |
7,327,584
-710,899
| -9% | -$17.7M |
|
215
CALL
Salesforce
CRM
$171B
| $186M | 0.08% |
2,665,400
+881,400
| +49% | +$62.8M |
|
216
CALL
Comcast
CMCSA
$95.3B
| $185M | 0.08% |
6,168,600
-434,800
| -7% | -$12.8M |
|
|
TWC
217
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $185M | 0.08% |
1,036,600
+10,800
| +1% | +$1.79M |
|
218
Baidu
BIDU
$31.6B
| $185M | 0.08% |
927,396
+694,111
| +298% | +$142M |
|
219
PUT
HP
HPQ
$27.2B
| $184M | 0.08% |
13,520,060
+6,347,706
| +89% | +$94.3M |
|
220
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $181M | 0.08% |
3
+2
| +200% | +$118M |
|
221
JPMorgan Chase
JPM
$935B
| $181M | 0.08% |
2,671,675
-302,491
| -10% | -$19.7M |
|
222
CALL
3M
MMM
$92.3B
| $181M | 0.08% |
1,402,549
-243,625
| -15% | -$32.7M |
|
223
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $181M | 0.08% |
10,101,800
+857,400
| +9% | +$16.7M |
|
224
CALL
SLB Ltd
SLB
$79.9B
| $180M | 0.08% |
2,084,900
-927,000
| -31% | -$83.7M |
|
225
CALL
Bausch Health
BHC
$2.41B
| $180M | 0.08% |
808,800
-336,500
| -29% | -$74.6M |
|
Similar funds
Jeff Yass's Q2 2015 Portfolio in Review
As of Q2 2015, Jeff Yass held 10,941 positions worth $235B, up 6.8% from $220B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $12.9B of net new capital in Q2 2015, opening 1,599 new positions and adding to 4,693 existing holdings. Its largest new stake was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
By sector, the portfolio is most concentrated in Technology at 3.1% of assets, up from 3% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $1.17B trimmed.
- Jeff Yass's largest Q2 2015 buy was Vanguard Global ex-US Real Estate ETF: 1,789,597 shares worth $99.3M.
- Jeff Yass added most to Alphabet (Google) Class C in Q2 2015, an estimated $726M increase.
- Jeff Yass's biggest Q2 2015 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.17B.
- Jeff Yass fully exited ACTAVIS PLC Pfd Conv Ser A (Irl) in Q2 2015, selling an estimated $41.7M.
- Jeff Yass's ten largest holdings make up 24% of its $235B portfolio in Q2 2015.
- Jeff Yass opened 1,599 new positions and closed 888 in Q2 2015.
- Jeff Yass's portfolio value rose 6.8% quarter-over-quarter to $235B.
Based on Susquehanna International Group's 13F filing for Q2 2015, filed 14 Aug 2015.