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 | |
|---|---|---|---|---|---|---|
|
AGN
201
DELISTED
Allergan plc
AGN
| $150M | 0.08% |
561,209
-694,296
| -55% | -$199M |
|
202
CALL
DuPont de Nemours
DD
$18.7B
| $150M | 0.08% |
1,162,175
-618,976
| -35% | -$74.2M |
|
203
CALL
Delta Air Lines
DAL
$54.2B
| $148M | 0.08% |
3,046,900
-7,400
| -0.2% | -$346K |
|
204
CALL
Philip Morris
PM
$293B
| $148M | 0.08% |
1,506,600
+118,800
| +9% | +$10.9M |
|
205
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $148M | 0.08% |
2,920,100
+1,087,100
| +59% | +$43.7M |
|
206
Microsoft
MSFT
$3.59T
| $147M | 0.08% |
2,654,670
-254,287
| -9% | -$13.3M |
|
|
AET
207
CALL
DELISTED
Aetna Inc
AET
| $146M | 0.08% |
1,299,300
-98,000
| -7% | -$10.5M |
|
208
Chipotle Mexican Grill
CMG
$46.7B
| $146M | 0.08% |
15,450,250
+2,390,700
| +18% | +$22.7M |
|
209
PUT
Herbalife
HLF
$1.33B
| $144M | 0.08% |
4,686,800
-1,717,400
| -27% | -$44.3M |
|
210
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$635M
| $144M | 0.08% |
27,503
-13,182
| -32% | -$84.9M |
|
211
PUT
UnitedHealth
UNH
$350B
| $144M | 0.08% |
1,117,300
+10,600
| +1% | +$1.25M |
|
212
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $143M | 0.08% |
3,884,200
-406,300
| -9% | -$15.7M |
|
213
PUT
Nike
NKE
$60.5B
| $143M | 0.08% |
2,321,400
+122,900
| +6% | +$7.42M |
|
|
TWX
214
CALL
DELISTED
Time Warner Inc
TWX
| $142M | 0.08% |
1,960,900
+901,000
| +85% | +$62M |
|
215
CALL
Visa
V
$693B
| $141M | 0.07% |
1,837,100
-535,600
| -23% | -$38.9M |
|
216
PUT
Palo Alto Networks
PANW
$292B
| $140M | 0.07% |
5,144,400
-698,400
| -12% | -$17.2M |
|
217
PUT
Under Armour
UAA
$2.32B
| $140M | 0.07% |
3,289,600
-2,737,600
| -45% | -$108M |
|
218
CALL
AbbVie
ABBV
$468B
| $139M | 0.07% |
2,437,200
-165,000
| -6% | -$9.2M |
|
219
iShares China Large-Cap ETF
FXI
$4.28B
| $139M | 0.07% |
4,118,940
-5,251,566
| -56% | -$165M |
|
220
CALL
3M
MMM
$92.3B
| $139M | 0.07% |
996,507
+214,443
| +27% | +$27.5M |
|
221
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $139M | 0.07% |
2,044,400
+845,000
| +70% | +$56.6M |
|
222
Johnson & Johnson
JNJ
$651B
| $138M | 0.07% |
1,273,840
+503,639
| +65% | +$52.1M |
|
223
PUT
FedEx
FDX
$76.9B
| $138M | 0.07% |
846,700
-484,300
| -36% | -$67.4M |
|
224
CALL
United States Oil Fund
USO
$2.24B
| $138M | 0.07% |
1,773,938
-1,278,425
| -42% | -$95.5M |
|
225
PUT
BP
BP
$115B
| $137M | 0.07% |
5,392,804
-2,559,784
| -32% | -$64.6M |
|
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.