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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $13.1B | 5.94% |
62,828,820
-20,050,910
| -24% | -$4.14B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $7.43B | 3.37% |
35,655,970
+8,498,820
| +31% | +$1.75B |
|
3
CALL
Apple
AAPL
$4.51T
| $7.03B | 3.19% |
225,862,080
-641,720
| -0.3% | -$19.4M |
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $6.98B | 3.17% |
33,799,265
+7,643,711
| +29% | +$1.58B |
|
|
5
PUT
Apple
AAPL
$4.51T
| $6.85B | 3.11% |
220,364,600
-91,929,800
| -29% | -$2.78B |
|
|
6
Apple
AAPL
$4.51T
| $3.56B | 1.62% |
114,518,708
+4,727,644
| +4% | +$143M |
|
|
7
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $2.95B | 1.34% |
107,255,865
+2,546,773
| +2% | +$68.2M |
|
|
8
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $2.86B | 1.3% |
103,965,055
-7,283,943
| -7% | -$195M |
|
|
9
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $2.29B | 1.04% |
18,329,400
-7,744,500
| -30% | -$934M |
|
10
CALL
Meta Platforms (Facebook)
META
$1.4T
| $1.7B | 0.77% |
20,653,600
-7,636,600
| -27% | -$598M |
|
11
PUT
Booking.com
BKNG
$158B
| $1.59B | 0.72% |
34,182,500
-9,970,000
| -23% | -$446M |
|
12
PUT
Netflix
NFLX
$331B
| $1.55B | 0.7% |
259,735,000
+56,665,000
| +28% | +$344M |
|
13
PUT
Amazon
AMZN
$2.79T
| $1.5B | 0.68% |
80,824,400
-22,570,200
| -22% | -$397M |
|
|
14
CALL
Netflix
NFLX
$331B
| $1.33B | 0.6% |
223,545,000
+76,209,000
| +52% | +$462M |
|
|
15
CALL
Booking.com
BKNG
$158B
| $1.31B | 0.6% |
28,200,000
-11,285,000
| -29% | -$505M |
|
|
16
CALL
Amazon
AMZN
$2.79T
| $1.3B | 0.59% |
70,140,400
-21,572,400
| -24% | -$379M |
|
|
17
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.3B | 0.59% |
15,837,900
-3,706,500
| -19% | -$290M |
|
18
PUT
Gilead Sciences
GILD
$181B
| $1.28B | 0.58% |
13,041,500
-5,576,200
| -30% | -$566M |
|
19
PUT
Alibaba
BABA
$286B
| $1.17B | 0.53% |
14,034,500
+3,502,300
| +33% | +$316M |
|
|
20
Bank of America
BAC
$431B
| $1.15B | 0.52% |
74,819,035
+42,943,605
| +135% | +$690M |
|
|
21
CALL
Alibaba
BABA
$286B
| $1.11B | 0.5% |
13,292,500
-3,425,700
| -20% | -$309M |
|
|
22
PUT
Bank of America
BAC
$431B
| $1.1B | 0.5% |
71,172,000
+7,611,100
| +12% | +$122M |
|
23
PUT
Tesla
TSLA
$1.43T
| $984M | 0.45% |
78,159,000
-37,549,500
| -32% | -$507M |
|
24
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $977M | 0.44% |
24,298,800
+6,206,400
| +34% | +$247M |
|
|
25
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $881M | 0.4% |
7,062,900
-2,700,600
| -28% | -$326M |
|
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.