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 | |
|---|---|---|---|---|---|---|
2626
PUT
Genworth Financial
GNW
$3.76B
| $3.65M | ﹤0.01% |
1,415,200
-48,400
| -3% | -$156K |
|
2627
CALL
Aecom
ACM
$8.41B
| $3.65M | ﹤0.01% |
114,900
+15,500
| +16% | +$490K |
|
2628
PUT
SFL Corp
SFL
$1.63B
| $3.65M | ﹤0.01% |
247,400
+41,900
| +20% | +$624K |
|
2629
Rayonier Advanced Materials
RYAM
$574M
| $3.64M | ﹤0.01% |
267,800
| – | – |
|
2630
VirnetX Holding Corp
VHC
$55.1M
| $3.64M | ﹤0.01% |
45,489
+20,363
| +81% | +$1.87M |
|
2631
Check Point Software Technologies
CHKP
$13.7B
| $3.63M | ﹤0.01% |
45,515
+41,282
| +975% | +$3.46M |
|
2632
CALL
National Beverage
FIZZ
$3.07B
| $3.62M | ﹤0.01% |
115,200
-11,000
| -9% | -$281K |
|
2633
Invesco S&P SmallCap 600 Pure Value ETF
RZV
$302M
| $3.62M | ﹤0.01% |
+63,527
| New | +$3.64M |
|
2634
CALL
Vanguard Materials ETF
VAW
$3.13B
| $3.62M | ﹤0.01% |
35,300
-21,700
| -38% | -$2.22M |
|
2635
CALL
Molina Healthcare
MOH
$10.5B
| $3.61M | ﹤0.01% |
72,400
+34,500
| +91% | +$1.84M |
|
2636
CALL
Mettler-Toledo International
MTD
$28.7B
| $3.61M | ﹤0.01% |
9,900
+2,200
| +29% | +$804K |
|
2637
CALL
Republic Services
RSG
$67.3B
| $3.61M | ﹤0.01% |
70,400
-10,500
| -13% | -$504K |
|
|
PVG
2638
PUT
DELISTED
PRETIUM RESOURCES INC.
PVG
| $3.61M | ﹤0.01% |
322,400
-39,900
| -11% | -$316K |
|
2639
TAL Education Group
TAL
$6.47B
| $3.61M | ﹤0.01% |
348,990
-101,814
| -23% | -$934K |
|
2640
Qualcomm
QCOM
$176B
| $3.61M | ﹤0.01% |
67,322
-2,416,582
| -97% | -$127M |
|
2641
HEICO Corp Class A
HEI.A
$34.9B
| $3.61M | ﹤0.01% |
164,116
+48,467
| +42% | +$1.02M |
|
|
WP
2642
DELISTED
Worldpay, Inc.
WP
| $3.6M | ﹤0.01% |
63,636
-30,251
| -32% | -$1.64M |
|
|
INVN
2643
CALL
DELISTED
Invensense Inc
INVN
| $3.6M | ﹤0.01% |
586,800
+67,000
| +13% | +$463K |
|
|
XIV
2644
DELISTED
VelocityShares Daily Inverse VIX Short Term ETN
XIV
| $3.6M | ﹤0.01% |
143,895
+24,916
| +21% | +$691K |
|
2645
Evertec
EVTC
$1.77B
| $3.6M | ﹤0.01% |
231,308
-51,587
| -18% | -$746K |
|
2646
PUT
Lear
LEA
$8.25B
| $3.59M | ﹤0.01% |
35,300
-20,100
| -36% | -$2.26M |
|
|
LVLT
2647
DELISTED
Level 3 Communications Inc
LVLT
| $3.59M | ﹤0.01% |
69,756
-100,927
| -59% | -$5.28M |
|
2648
Boston Properties
BXP
$11.3B
| $3.59M | ﹤0.01% |
27,200
-11,917
| -30% | -$1.53M |
|
2649
PUT
NCR Voyix
VYX
$1.26B
| $3.59M | ﹤0.01% |
210,596
-55,420
| -21% | -$1M |
|
2650
ProShares Ultra Health Care
RXL
$94M
| $3.58M | ﹤0.01% |
224,020
+114,448
| +104% | +$1.77M |
|
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.