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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $13.4B | 5.7% |
65,108,030
+2,279,210
| +4% | +$479M |
|
|
2
PUT
Apple
AAPL
$4.51T
| $8.09B | 3.44% |
257,893,160
+37,528,560
| +17% | +$1.2B |
|
|
3
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $7.05B | 2.99% |
34,235,570
-1,420,400
| -4% | -$299M |
|
|
4
CALL
Apple
AAPL
$4.51T
| $5.9B | 2.51% |
188,138,040
-37,724,040
| -17% | -$1.21B |
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $5.81B | 2.47% |
28,236,107
-5,563,158
| -16% | -$1.17B |
|
|
6
Apple
AAPL
$4.51T
| $4.16B | 1.77% |
132,597,736
+18,079,028
| +16% | +$578M |
|
|
7
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $3.13B | 1.33% |
117,780,400
+13,815,345
| +13% | +$370M |
|
8
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $2.85B | 1.21% |
22,851,700
+4,522,300
| +25% | +$565M |
|
9
PUT
Netflix
NFLX
$331B
| $2.83B | 1.2% |
301,980,000
+42,245,000
| +16% | +$354M |
|
|
10
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $2.47B | 1.05% |
92,967,800
-14,288,065
| -13% | -$383M |
|
|
11
CALL
Netflix
NFLX
$331B
| $1.99B | 0.85% |
212,492,000
-11,053,000
| -5% | -$92.5M |
|
|
12
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.92B | 0.82% |
15,362,000
+8,299,100
| +118% | +$1.04B |
|
13
PUT
Tesla
TSLA
$1.43T
| $1.56B | 0.66% |
87,072,000
+8,913,000
| +11% | +$141M |
|
14
CALL
Alibaba
BABA
$286B
| $1.5B | 0.64% |
18,149,600
+4,857,100
| +37% | +$417M |
|
15
PUT
Booking.com
BKNG
$158B
| $1.48B | 0.63% |
32,120,000
-2,062,500
| -6% | -$98.4M |
|
|
16
CALL
Booking.com
BKNG
$158B
| $1.47B | 0.62% |
31,847,500
+3,647,500
| +13% | +$174M |
|
|
17
CALL
Meta Platforms (Facebook)
META
$1.4T
| $1.42B | 0.6% |
16,499,300
-4,154,300
| -20% | -$339M |
|
18
CALL
Amazon
AMZN
$2.79T
| $1.4B | 0.6% |
64,534,400
-5,606,000
| -8% | -$117M |
|
|
19
PUT
Alibaba
BABA
$286B
| $1.38B | 0.59% |
16,698,800
+2,664,300
| +19% | +$229M |
|
|
20
PUT
Amazon
AMZN
$2.79T
| $1.35B | 0.57% |
61,971,600
-18,852,800
| -23% | -$394M |
|
|
21
CALL
Tesla
TSLA
$1.43T
| $1.34B | 0.57% |
74,760,000
+5,586,000
| +8% | +$88.3M |
|
|
22
PUT
Gilead Sciences
GILD
$181B
| $1.2B | 0.51% |
10,220,300
-2,821,200
| -22% | -$308M |
|
|
23
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.13B | 0.48% |
13,126,100
-2,711,800
| -17% | -$221M |
|
24
PUT
Bank of America
BAC
$431B
| $1.1B | 0.47% |
64,627,400
-6,544,600
| -9% | -$108M |
|
|
25
Bank of America
BAC
$431B
| $1.07B | 0.45% |
62,821,182
-11,997,853
| -16% | -$198M |
|
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.