Jane Street Portfolio holdings
Jane Street is an electronic market maker: exchange-traded funds became its main focus after it began with American depositary receipts. Its trading has since grown beyond ETFs into stocks, bonds and options, and it commits its own capital to help institutions with their trading. Tim Reynolds, Robert Granieri and Michael Jenkins, all former traders at Susquehanna International Group, founded it with Marc Gerstein, an IBM developer. The founders named the firm after Jane Street in Greenwich Village, chosen at random, and it has never been based on that street. Its trading relies on mathematical analysis, and it writes nearly all its own software, trading and risk systems included, in OCaml, a functional programming language. It has no CEO and is led informally by a group of senior executives, and every employee is paid from the firm's collective profits rather than personal trading gains.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShare MSCI Eurozone ETF
EZU
|
+$170M |
| 2 |
iShares Core US Aggregate Bond ETF
AGG
|
+$126M |
| 3 |
ProShares Short VIX Short-Term Futures ETF
SVXY
|
+$94.4M |
| 4 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$83.3M |
| 5 |
VanEck Gold Miners ETF
GDX
|
+$72M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$185M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$185M |
| 3 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$165M |
| 4 |
iShares China Large-Cap ETF
FXI
|
+$116M |
| 5 |
iShares MSCI Japan ETF
EWJ
|
+$84.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.22% |
| 2 | Healthcare | 1.4% |
| 3 | Consumer Discretionary | 1.27% |
| 4 | Communication Services | 1.19% |
| 5 | Financials | 1.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
Amazon
AMZN
$2.88T
| $500M | 2.48% |
13,986,000
+9,508,000
| +212% | +$322M |
2014 Q3
7 quarters
|
|
|
2
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.2B
| $402M | 1.99% |
11,693,300
+314,100
| +3% | +$10.5M |
2013 Q2
12 quarters
|
|
|
3
CALL
Amazon
AMZN
$2.88T
| $386M | 1.91% |
10,798,000
+1,448,000
| +15% | +$49M |
2014 Q3
7 quarters
|
|
4
CALL
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$845M
| $329M | 1.63% |
652,345
-107,070
| -14% | -$39.3M |
2013 Q2
12 quarters
|
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $302M | 1.49% |
1,439,400
-790,300
| -35% | -$164M |
2014 Q2
8 quarters
|
|
|
6
VanEck Gold Miners ETF
GDX
$25.2B
| $252M | 1.25% |
9,111,275
+3,000,307
| +49% | +$72M |
2014 Q3
7 quarters
|
|
|
7
iShare MSCI Eurozone ETF
EZU
$9.38B
| $201M | 0.99% |
6,214,251
+4,964,033
| +397% | +$170M |
2013 Q3
11 quarters
|
|
8
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$47.6B
| $187M | 0.93% |
1,345,900
+636,200
| +90% | +$83.9M |
2013 Q2
12 quarters
|
|
|
9
PUT
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$845M
| $186M | 0.92% |
368,868
+230,885
| +167% | +$84.8M |
2013 Q2
12 quarters
|
|
10
PUT
Booking.com
BKNG
$119B
| $181M | 0.89% |
3,617,500
+2,185,000
| +153% | +$113M |
2014 Q3
7 quarters
|
|
|
11
PUT
iShares MSCI EAFE ETF
EFA
$77.3B
| $171M | 0.85% |
3,061,500
+3,055,200
| +48,495% | +$176M |
2013 Q2
12 quarters
|
|
12
CALL
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$347M
| $170M | 0.84% |
42,606
+10,361
| +32% | +$28.9M |
2013 Q4
10 quarters
|
|
|
13
CALL
Booking.com
BKNG
$119B
| $165M | 0.81% |
3,295,000
+1,115,000
| +51% | +$57.9M |
2014 Q3
7 quarters
|
|
|
14
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.23B
| $163M | 0.81% |
1,525,198
+794,931
| +109% | +$83.3M |
2015 Q1
5 quarters
|
|
15
CALL
Meta Platforms (Facebook)
META
$1.64T
| $151M | 0.75% |
1,317,500
-886,200
| -40% | -$102M |
2014 Q3
7 quarters
|
|
16
CALL
Alphabet (Google) Class A
GOOGL
$3.64T
| $149M | 0.74% |
4,246,000
+206,000
| +5% | +$7.56M |
2015 Q4
2 quarters
|
|
|
17
CALL
iShares MSCI EAFE ETF
EFA
$77.3B
| $142M | 0.7% |
2,542,100
+2,492,700
| +5,046% | +$143M |
2013 Q2
12 quarters
|
|
18
CALL
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$6.19B
| $140M | 0.69% |
6,378,000
+1,882,000
| +42% | +$40.3M |
2013 Q2
12 quarters
|
|
19
PUT
iShares US Real Estate ETF
IYR
$3.98B
| $139M | 0.69% |
1,688,900
+1,166,700
| +223% | +$91.4M |
2013 Q2
12 quarters
|
|
20
PUT
iShares Biotechnology ETF
IBB
$11.1B
| $131M | 0.65% |
1,525,200
-339,300
| -18% | -$30.4M |
2013 Q3
11 quarters
|
|
21
CALL
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.23B
| $129M | 0.64% |
4,110,400
+1,026,600
| +33% | +$31.2M |
2013 Q2
12 quarters
|
|
|
22
iShares Core US Aggregate Bond ETF
AGG
$137B
| $128M | 0.63% |
+1,132,320
| New | +$126M |
2016 Q2
0 quarters
|
|
|
23
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.23B
| $124M | 0.62% |
3,950,800
+2,533,400
| +179% | +$77.1M |
2013 Q2
12 quarters
|
|
24
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$3.47B
| $123M | 0.61% |
5,034,200
+3,780,800
| +302% | +$85M |
2015 Q2
4 quarters
|
|
|
25
ProShares Short VIX Short-Term Futures ETF
SVXY
$198M
| $123M | 0.61% |
2,503,675
+1,745,547
| +230% | +$94.4M |
2013 Q2
12 quarters
|
|
Similar funds
Jane Street's Q2 2016 Portfolio in Review
As of Q2 2016, Jane Street held 5,083 positions worth $20.2B, up 13% from $17.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Jane Street's Q2 2016 filing shows 1,090 new, 1,477 increased, 1,405 reduced and 1,090 closed positions. Its largest new stake was iShares Core US Aggregate Bond ETF: 1,132,320 shares worth $128M. The largest sale was iShares MSCI EAFE ETF, an estimated $185M.
By sector, the portfolio is most concentrated in Miscellaneous at 89% of assets, up from 86% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Jane Street's largest Q2 2016 buy was iShares Core US Aggregate Bond ETF: 1,132,320 shares worth $128M.
- Jane Street added most to iShare MSCI Eurozone ETF in Q2 2016, an estimated $170M increase.
- Jane Street's biggest Q2 2016 reduction was iShares MSCI EAFE ETF, cutting an estimated $185M.
- Jane Street fully exited iShares JPMorgan USD Emerging Markets Bond ETF in Q2 2016, selling an estimated $49.8M.
- Jane Street's ten largest holdings make up 14% of its $20.2B portfolio in Q2 2016.
- Jane Street opened 1,090 new positions and closed 1,090 in Q2 2016.
- Jane Street's portfolio value rose 13% quarter-over-quarter to $20.2B.
Based on Jane Street's 13F filing for Q2 2016, filed 15 Aug 2016.