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 | Miscellaneous | 92.93% |
| 2 | Technology | 1.75% |
| 3 | Financials | 1.43% |
| 4 | Consumer Discretionary | 0.87% |
| 5 | Healthcare | 0.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PSXP
2576
CALL
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $3.79M | ﹤0.01% |
67,900
-22,100
| -25% | -$1.24M |
|
2577
PUT
iShares US Financials ETF
IYF
$4.29B
| $3.79M | ﹤0.01% |
88,200
-10,400
| -11% | -$450K |
|
2578
Invesco S&P 500 BuyWrite ETF
PBP
$376M
| $3.79M | ﹤0.01% |
182,924
+131,804
| +258% | +$2.69M |
|
|
ISIL
2579
PUT
DELISTED
Intersil Corp
ISIL
| $3.79M | ﹤0.01% |
279,800
-8,200
| -3% | -$107K |
|
2580
CALL
Casey's General Stores
CASY
$28.9B
| $3.79M | ﹤0.01% |
28,800
-52,700
| -65% | -$6.12M |
|
|
MXIM
2581
DELISTED
Maxim Integrated Products
MXIM
| $3.78M | ﹤0.01% |
106,012
-22,517
| -18% | -$826K |
|
2582
PUT
Schwab US REIT ETF
SCHH
$11.4B
| $3.78M | ﹤0.01% |
174,000
+56,200
| +48% | +$1.16M |
|
|
BSCH
2583
DELISTED
Guggenheim BulletShares 2017 Corporate Bond ETF
BSCH
| $3.78M | ﹤0.01% |
165,963
-69,817
| -30% | -$1.59M |
|
2584
PUT
Encompass Health
EHC
$11.7B
| $3.78M | ﹤0.01% |
122,306
+1,885
| +2% | +$59K |
|
2585
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$594M
| $3.77M | ﹤0.01% |
156,765
+141,024
| +896% | +$3.46M |
|
2586
American Tower
AMT
$81.6B
| $3.77M | ﹤0.01% |
33,185
-349,957
| -91% | -$37.2M |
|
2587
CALL
Xylem
XYL
$25.9B
| $3.77M | ﹤0.01% |
84,400
+6,900
| +9% | +$300K |
|
|
BPT
2588
PUT
DELISTED
BP Prudhoe Bay Royalty Trust
BPT
| $3.76M | ﹤0.01% |
203,700
+1,900
| +0.9% | +$28.3K |
|
2589
CALL
W.P. Carey
WPC
$16.1B
| $3.76M | ﹤0.01% |
55,338
+9,801
| +22% | +$615K |
|
2590
Emcor
EME
$33.6B
| $3.75M | ﹤0.01% |
76,221
-52,863
| -41% | -$2.52M |
|
2591
CALL
Nokia
NOK
$58.6B
| $3.75M | ﹤0.01% |
659,700
-164,800
| -20% | -$933K |
|
2592
CALL
Fortune Brands Innovations
FBIN
$5.44B
| $3.75M | ﹤0.01% |
75,699
+3,744
| +5% | +$183K |
|
2593
PUT
Vanguard Total World Stock ETF
VT
$81.3B
| $3.75M | ﹤0.01% |
64,600
+3,600
| +6% | +$209K |
|
2594
Primerica
PRI
$8.97B
| $3.75M | ﹤0.01% |
65,522
-25,551
| -28% | -$1.33M |
|
2595
Duke Energy
DUK
$94.3B
| $3.75M | ﹤0.01% |
43,700
-61,817
| -59% | -$4.94M |
|
|
GAS
2596
DELISTED
AGL Resources Inc
GAS
| $3.75M | ﹤0.01% |
56,800
-119,328
| -68% | -$7.84M |
|
2597
PUT
Ovintiv
OVV
$17.8B
| $3.74M | ﹤0.01% |
96,120
+2,720
| +3% | +$99.6K |
|
|
P
2598
CALL
Everpure Inc
P
$32.5B
| $3.74M | ﹤0.01% |
343,300
+93,200
| +37% | +$1.22M |
|
|
SAGE
2599
PUT
DELISTED
Sage Therapeutics
SAGE
| $3.74M | ﹤0.01% |
124,100
+108,600
| +701% | +$3.62M |
|
|
NS
2600
DELISTED
NuStar Energy L.P.
NS
| $3.74M | ﹤0.01% |
75,050
-80,632
| -52% | -$3.86M |
|
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 Miscellaneous at 93% of assets, up from 90% a quarter earlier, followed by Technology and Financials.
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.