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 | |
|---|---|---|---|---|---|---|
2551
MidCap Financial Investment
MFIC
$794M
| $3.86M | ﹤0.01% |
231,961
+633
| +0.3% | +$10.6K |
|
|
EV
2552
DELISTED
Eaton Vance Corp.
EV
| $3.86M | ﹤0.01% |
109,100
-13,353
| -11% | -$469K |
|
2553
PUT
Frontline
FRO
$9.17B
| $3.85M | ﹤0.01% |
489,000
-67,100
| -12% | -$552K |
|
|
RDUS
2554
PUT
DELISTED
Radius Health, Inc.
RDUS
| $3.84M | ﹤0.01% |
104,600
-355,500
| -77% | -$12.6M |
|
2555
CALL
Jefferies Financial Group
JEF
$12.2B
| $3.84M | ﹤0.01% |
247,667
+168,686
| +214% | +$2.58M |
|
2556
CALL
Amphenol
APH
$199B
| $3.84M | ﹤0.01% |
268,000
-192,800
| -42% | -$2.77M |
|
2557
PIMCO 15+ Year US TIPS Index Exchange-Traded Fund
LTPZ
$816M
| $3.84M | ﹤0.01% |
+55,272
| New | +$3.69M |
|
|
UNIT
2558
CALL
Uniti Group
UNIT
$2.47B
| $3.84M | ﹤0.01% |
132,900
+23,400
| +21% | +$580K |
|
2559
CALL
Icon
ICLR
$13B
| $3.84M | ﹤0.01% |
54,800
-4,000
| -7% | -$275K |
|
2560
Cogent Communications
CCOI
$515M
| $3.84M | ﹤0.01% |
95,756
| – | – |
|
|
CA
2561
PUT
DELISTED
CA, Inc.
CA
| $3.83M | ﹤0.01% |
116,800
-85,600
| -42% | -$2.68M |
|
2562
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.62B
| $3.83M | ﹤0.01% |
85,109
+74,690
| +717% | +$3.33M |
|
2563
PUT
Altisource Portfolio Solutions
ASPS
$65M
| $3.83M | ﹤0.01% |
17,200
-4,750
| -22% | -$1.05M |
|
2564
Vanguard Global ex-US Real Estate ETF
VNQI
$3.52B
| $3.83M | ﹤0.01% |
70,848
+60,686
| +597% | +$3.27M |
|
2565
PUT
Open Text
OTEX
$5.89B
| $3.83M | ﹤0.01% |
129,400
-136,800
| -51% | -$3.87M |
|
2566
Direxion Daily MSCI Brazil Bull 2X ETF
BRZU
$99.2M
| $3.83M | ﹤0.01% |
4,162
+3,128
| +303% | +$2.32M |
|
2567
CALL
PBF Energy
PBF
$8.27B
| $3.83M | ﹤0.01% |
160,900
-61,600
| -28% | -$1.77M |
|
2568
CALL
Trinity Industries
TRN
$2.35B
| $3.82M | ﹤0.01% |
285,995
+41,392
| +17% | +$547K |
|
|
PFPT
2569
CALL
DELISTED
Proofpoint, Inc.
PFPT
| $3.82M | ﹤0.01% |
60,600
+41,500
| +217% | +$2.37M |
|
|
TSL
2570
CALL
DELISTED
Trina Solar Limited
TSL
| $3.82M | ﹤0.01% |
493,400
-123,400
| -20% | -$1.06M |
|
2571
CALL
Gogo Inc
GOGO
$386M
| $3.82M | ﹤0.01% |
455,000
+117,500
| +35% | +$1.17M |
|
2572
CALL
Methanex
MEOH
$4.4B
| $3.81M | ﹤0.01% |
131,000
+39,700
| +43% | +$1.27M |
|
|
CLVS
2573
PUT
DELISTED
Clovis Oncology, Inc.
CLVS
| $3.81M | ﹤0.01% |
277,500
-64,700
| -19% | -$946K |
|
2574
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$1.06B
| $3.8M | ﹤0.01% |
216,235
+59,010
| +38% | +$1.04M |
|
|
ABB
2575
CALL
DELISTED
ABB Ltd
ABB
| $3.79M | ﹤0.01% |
191,400
-31,800
| -14% | -$649K |
|
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.