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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $10.5B | 5.59% |
51,126,310
+6,632,820
| +15% | +$1.29B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $7.82B | 4.16% |
38,061,560
+16,328,710
| +75% | +$3.19B |
|
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $7.78B | 4.14% |
37,826,707
+1,292,500
| +4% | +$252M |
|
|
4
CALL
Apple
AAPL
$4.51T
| $4.29B | 2.28% |
157,279,360
+49,212,080
| +46% | +$1.23B |
|
|
5
PUT
Apple
AAPL
$4.51T
| $4.07B | 2.17% |
149,341,880
-96,779,200
| -39% | -$2.41B |
|
6
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $2.86B | 1.52% |
25,820,700
-3,507,000
| -12% | -$363M |
|
7
CALL
Amazon
AMZN
$2.79T
| $2.34B | 1.25% |
78,842,800
+1,005,000
| +1% | +$28.5M |
|
|
8
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $1.82B | 0.97% |
48,970,000
-10,108,000
| -17% | -$362M |
|
|
9
CALL
Meta Platforms (Facebook)
META
$1.4T
| $1.78B | 0.95% |
15,593,200
-263,400
| -2% | -$27.8M |
|
10
PUT
Tesla
TSLA
$1.43T
| $1.75B | 0.93% |
114,132,000
+31,476,000
| +38% | +$414M |
|
|
11
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $1.69B | 0.9% |
45,410,000
-19,490,000
| -30% | -$698M |
|
|
12
CALL
Tesla
TSLA
$1.43T
| $1.6B | 0.85% |
104,718,000
+36,529,500
| +54% | +$481M |
|
|
13
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.52B | 0.81% |
13,761,900
-145,500
| -1% | -$15.1M |
|
|
14
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.49B | 0.79% |
39,020,000
-25,673,200
| -40% | -$945M |
|
|
15
PUT
Amazon
AMZN
$2.79T
| $1.47B | 0.78% |
49,676,200
-29,153,600
| -37% | -$827M |
|
16
CALL
SPDR Gold Trust
GLD
$152B
| $1.4B | 0.75% |
11,908,800
-4,640,750
| -28% | -$526M |
|
17
PUT
Booking.com
BKNG
$158B
| $1.35B | 0.72% |
26,260,000
-2,107,500
| -7% | -$101M |
|
|
18
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.33B | 0.71% |
34,810,000
-21,414,200
| -38% | -$788M |
|
|
19
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $1.2B | 0.64% |
9,220,500
+6,296,100
| +215% | +$806M |
|
20
CALL
Invesco QQQ Trust
QQQ
$486B
| $1.19B | 0.63% |
10,912,200
+4,875,400
| +81% | +$506M |
|
|
21
Apple
AAPL
$4.51T
| $1.16B | 0.62% |
42,689,312
-103,860,508
| -71% | -$2.59B |
|
22
PUT
ExxonMobil
XOM
$679B
| $1.1B | 0.59% |
13,185,800
-3,989,400
| -23% | -$319M |
|
|
23
PUT
Invesco QQQ Trust
QQQ
$486B
| $1.1B | 0.58% |
10,029,700
-1,295,900
| -11% | -$135M |
|
24
CALL
Alibaba
BABA
$286B
| $1.07B | 0.57% |
13,479,500
-4,597,700
| -25% | -$324M |
|
|
25
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.05B | 0.56% |
30,633,300
-1,551,000
| -5% | -$48M |
|
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.