Jane Street Portfolio holdings
Jane Street Group, founded in 2000 by Tim Reynolds, Rob Granieri, Marc Gerstein, and Michael Jenkins, is a New York City-based quantitative trading firm renowned for its technological prowess and collaborative problem-solving culture. Specializing in liquidity provision and market-making, it trades a vast array of financial products—including equities, bonds, options, and ETFs—across over 200 venues in 45 countries, handling trillions in securities annually. The firm, which employs over 2,600 people across offices in New York, London, Hong Kong, Amsterdam, Chicago, and Singapore, leverages advanced algorithms and a nearly 70-million-line OCaml codebase to dominate markets, notably ETFs, where it plays a critical role as an authorized participant. With net trading revenues exceeding $10 billion annually in recent years, including a record $10.6 billion in 2023, Jane Street has emerged as a secretive yet powerful force in global finance, outpacing traditional Wall Street giants like Goldman Sachs in trading profitability.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Total International Bond ETF
BNDX
|
+$188M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$131M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$110M |
| 4 |
Baker Hughes
BKR
|
+$101M |
| 5 |
iShares MSCI Japan ETF
EWJ
|
+$93.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$743M |
| 2 |
Amazon
AMZN
|
+$475M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$250M |
| 4 |
SPDR Gold Trust
GLD
|
+$219M |
| 5 |
Vanguard Total Bond Market
BND
|
+$212M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 1.61% |
| 2 | Technology | 1.49% |
| 3 | Communication Services | 1.26% |
| 4 | Healthcare | 1.13% |
| 5 | Financials | 1.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
PUT
Constellation Brands
STZ
$22.5B
| $24.9M | 0.05% |
154,600
-62,900
| -29% | -$12.5M |
|
|
252
Constellation Brands
STZ
$22.5B
| $24.8M | 0.05% |
154,432
+84,984
| +122% | +$16.9M |
|
253
Prudential
PUK
$36.4B
| $24.7M | 0.05% |
720,139
+143,266
| +25% | +$5.48M |
|
254
Qualcomm
QCOM
$164B
| $24.5M | 0.05% |
430,879
-228,295
| -35% | -$13.9M |
|
255
iShares MSCI Taiwan ETF
EWT
$9.13B
| $24.5M | 0.05% |
+773,910
| New | +$25.7M |
|
|
RDS.A
256
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $24.4M | 0.05% |
418,920
+352,089
| +527% | +$21.8M |
|
257
CALL
Cisco
CSCO
$443B
| $24.4M | 0.05% |
563,200
+393,300
| +231% | +$18M |
|
258
CALL
Verizon
VZ
$197B
| $24.4M | 0.05% |
433,600
+107,600
| +33% | +$6.11M |
|
259
CALL
Thermo Fisher Scientific
TMO
$214B
| $24.3M | 0.05% |
108,800
+105,800
| +3,527% | +$24.8M |
|
260
CALL
iShares Biotechnology ETF
IBB
$9.45B
| $24.3M | 0.05% |
252,000
-50,100
| -17% | -$5.32M |
|
261
PUT
McDonald's
MCD
$193B
| $24.3M | 0.05% |
136,700
+51,200
| +60% | +$9.08M |
|
262
CALL
United Airlines
UAL
$38.8B
| $24.2M | 0.05% |
289,600
+59,700
| +26% | +$5.24M |
|
263
PUT
Intuitive Surgical
ISRG
$127B
| $23.9M | 0.05% |
150,000
-16,500
| -10% | -$2.8M |
|
264
United States Natural Gas Fund
UNG
$450M
| $23.9M | 0.05% |
241,937
+237,811
| +5,764% | +$28.8M |
|
|
MRO
265
CALL
DELISTED
Marathon Oil Corporation
MRO
| $23.8M | 0.05% |
1,658,700
+1,576,900
| +1,928% | +$28.2M |
|
266
PUT
Intel
INTC
$413B
| $23.7M | 0.05% |
504,700
-131,300
| -21% | -$6.15M |
|
267
PUT
TJX Companies
TJX
$179B
| $23.6M | 0.05% |
528,300
+506,700
| +2,346% | +$25.6M |
|
268
Qiagen
QGEN
$8.62B
| $23.6M | 0.05% |
646,023
+347,579
| +116% | +$12.9M |
|
269
PUT
Dollar General
DG
$28.4B
| $23.3M | 0.05% |
215,200
+64,500
| +43% | +$6.98M |
|
270
Alibaba
BABA
$276B
| $23.1M | 0.05% |
168,361
-352,926
| -68% | -$52.2M |
|
271
PUT
Wayfair
W
$11.8B
| $23M | 0.05% |
255,500
+195,100
| +323% | +$20.5M |
|
272
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
$1.74B
| $23M | 0.05% |
+241,863
| New | +$23.7M |
|
273
PUT
Chevron
CVX
$382B
| $23M | 0.05% |
211,200
+67,800
| +47% | +$7.85M |
|
274
CALL
American Express
AXP
$224B
| $22.9M | 0.05% |
240,500
+189,600
| +372% | +$19.8M |
|
|
CELG
275
CALL
DELISTED
Celgene Corp
CELG
| $22.8M | 0.05% |
355,800
+88,100
| +33% | +$6.5M |
|
Similar funds
Jane Street's Q4 2018 Portfolio in Review
As of Q4 2018, Jane Street held 6,359 positions worth $47.5B, down 6.1% from $50.6B the previous quarter. Its ten largest holdings account for 29% of the portfolio.
Jane Street deployed $5.33B of net new capital in Q4 2018, opening 1,350 new positions and adding to 1,796 existing holdings. Its largest new stake was Vanguard Total International Bond ETF: 3,452,240 shares worth $187M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 1.6% of assets, down from 3% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $743M trimmed.
- Jane Street's largest Q4 2018 buy was Vanguard Total International Bond ETF: 3,452,240 shares worth $187M.
- Jane Street added most to Invesco QQQ Trust in Q4 2018, an estimated $131M increase.
- Jane Street's biggest Q4 2018 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $743M.
- Jane Street fully exited Vanguard Total Bond Market in Q4 2018, selling an estimated $212M.
- Jane Street's ten largest holdings make up 29% of its $47.5B portfolio in Q4 2018.
- Jane Street opened 1,350 new positions and closed 1,507 in Q4 2018.
- Jane Street's portfolio value fell 6.1% quarter-over-quarter to $47.5B.
Based on Jane Street's 13F filing for Q4 2018, filed 15 Feb 2019.