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 |
Apple
AAPL
|
+$940M |
| 2 |
SPDR Gold Trust
GLD
|
+$375M |
| 3 |
Citigroup
C
|
+$202M |
| 4 |
Gilead Sciences
GILD
|
+$150M |
| 5 |
Macy's
M
|
+$81.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$7.28B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$700M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$500M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$396M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$336M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.75% |
| 2 | Financials | 1.43% |
| 3 | Consumer Discretionary | 0.87% |
| 4 | Healthcare | 0.87% |
| 5 | Energy | 0.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
PUT
Plains GP Holdings
PAGP
$5.57B
| $3.92M | ﹤0.01% |
141,044
+51,896
| +58% | +$1.34M |
|
2527
PUT
Boyd Gaming
BYD
$5.86B
| $3.92M | ﹤0.01% |
212,900
+73,600
| +53% | +$1.43M |
|
|
QUNR
2528
PUT
DELISTED
Qunar Cayman Islands Limited
QUNR
| $3.92M | ﹤0.01% |
131,500
-325,700
| -71% | -$11.6M |
|
2529
PUT
Nasdaq
NDAQ
$55.6B
| $3.91M | ﹤0.01% |
181,500
+56,700
| +45% | +$1.21M |
|
2530
ProShares Ultra Real Estate
URE
$57.7M
| $3.91M | ﹤0.01% |
61,144
+55,252
| +938% | +$3.17M |
|
|
EBIX
2531
PUT
DELISTED
Ebix Inc
EBIX
| $3.91M | ﹤0.01% |
81,700
-21,500
| -21% | -$988K |
|
|
SGY
2532
PUT
DELISTED
Stone Energy
SGY
| $3.91M | ﹤0.01% |
57,112
+56,917
| +29,188% | +$2.28M |
|
|
2533
CALL
Plains GP Holdings
PAGP
$5.57B
| $3.9M | ﹤0.01% |
140,593
+35,411
| +34% | +$913K |
|
2534
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.9B
| $3.9M | ﹤0.01% |
+60,880
| New | +$3.83M |
|
2535
CALL
Lexicon Pharmaceuticals
LXRX
$1.03B
| $3.9M | ﹤0.01% |
271,500
+226,000
| +497% | +$3.07M |
|
2536
CALL
Direxion Daily S&P Biotech Bear 3X ETF
LABD
$59M
| $3.89M | ﹤0.01% |
53
-2
| -4% | -$161K |
|
|
JUNO
2537
DELISTED
Juno Therapeutics, Inc.
JUNO
| $3.89M | ﹤0.01% |
101,172
-14,724
| -13% | -$611K |
|
2538
CALL
Howard Hughes
HHH
$3.92B
| $3.89M | ﹤0.01% |
35,666
-12,483
| -26% | -$1.28M |
|
|
KNDI
2539
PUT
Kandi Technologies Group
KNDI
$66.1M
| $3.89M | ﹤0.01% |
543,600
+79,000
| +17% | +$558K |
|
2540
PUT
Suburban Propane Partners
SPH
$1.18B
| $3.88M | ﹤0.01% |
116,200
+15,500
| +15% | +$493K |
|
2541
CALL
Essex Property Trust
ESS
$18.5B
| $3.88M | ﹤0.01% |
17,000
-6,900
| -29% | -$1.54M |
|
|
FLG
2542
CALL
Flagstar Bank National Association
FLG
$5.65B
| $3.87M | ﹤0.01% |
86,100
-14,933
| -15% | -$680K |
|
2543
CALL
Boston Beer
SAM
$1.91B
| $3.87M | ﹤0.01% |
22,600
-11,100
| -33% | -$1.8M |
|
2544
PUT
Liberty Global Class C
LBTYK
$3.58B
| $3.86M | ﹤0.01% |
134,800
-99,056
| -42% | -$3.12M |
|
2545
PUT
OneMain Financial
OMF
$7.26B
| $3.86M | ﹤0.01% |
169,200
+135,800
| +407% | +$3.84M |
|
|
CS
2546
DELISTED
Credit Suisse Group
CS
| $3.86M | ﹤0.01% |
360,861
-63,828
| -15% | -$870K |
|
2547
PUT
iShares US Home Construction ETF
ITB
$2.27B
| $3.86M | ﹤0.01% |
139,600
+77,900
| +126% | +$2.11M |
|
2548
Rogers Communications
RCI
$20B
| $3.86M | ﹤0.01% |
95,547
-5,900
| -6% | -$229K |
|
|
SCG
2549
CALL
DELISTED
Scana
SCG
| $3.86M | ﹤0.01% |
51,000
-6,100
| -11% | -$427K |
|
2550
PUT
Chord Energy
CHRD
$7.67B
| $3.86M | ﹤0.01% |
413,100
-6,800
| -2% | -$64.4K |
|
Similar funds
Jeff Yass's Q2 2016 Portfolio in Review
As of Q2 2016, Jeff Yass held 10,185 positions worth $187B, down 0.75% from $188B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass withdrew a net $15.2B in Q2 2016, closing 1,718 positions and reducing 3,507 holdings. Its most notable exit was iShares MSCI Emerging Markets ETF, an estimated $700M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, up from 1.6% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Jeff Yass opened a new position in Vanguard Long-Term Bond ETF worth $47.5M.
- Jeff Yass's largest Q2 2016 buy was Vanguard Long-Term Bond ETF: 484,542 shares worth $47.5M.
- Jeff Yass added most to Apple in Q2 2016, an estimated $940M increase.
- Jeff Yass's biggest Q2 2016 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $7.28B.
- Jeff Yass fully exited iShares MSCI Emerging Markets ETF in Q2 2016, selling an estimated $700M.
- Jeff Yass's ten largest holdings make up 24% of its $187B portfolio in Q2 2016.
- Jeff Yass opened 1,269 new positions and closed 1,718 in Q2 2016.
- Jeff Yass's portfolio value fell 0.75% quarter-over-quarter to $187B.
Based on Susquehanna International Group's 13F filing for Q2 2016, filed 15 Aug 2016.