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 | |
|---|---|---|---|---|---|---|
2676
State Street SPDR S&P 1500 Momentum Tilt ETF
MMTM
$162M
| $3.53M | ﹤0.01% |
39,057
+6,168
| +19% | +$549K |
|
2677
PUT
iShares Russell 1000 ETF
IWB
$49.3B
| $3.53M | ﹤0.01% |
30,200
+23,700
| +365% | +$2.73M |
|
2678
WaFd
WAFD
$2.67B
| $3.53M | ﹤0.01% |
145,520
-5,500
| -4% | -$132K |
|
2679
Enbridge
ENB
$109B
| $3.53M | ﹤0.01% |
+83,307
| New | +$3.39M |
|
2680
Eldorado Gold
EGO
$12.6B
| $3.52M | ﹤0.01% |
156,611
+95,642
| +157% | +$1.98M |
|
2681
CALL
Invesco CurrencyShares Australian Dollar Trust
FXA
$96.3M
| $3.52M | ﹤0.01% |
47,200
+14,600
| +45% | +$1.09M |
|
2682
Littelfuse
LFUS
$10.6B
| $3.52M | ﹤0.01% |
29,778
-8,715
| -23% | -$1.01M |
|
2683
PUT
iShares Select U.S. REIT ETF
ICF
$2.1B
| $3.52M | ﹤0.01% |
65,000
+3,400
| +6% | +$175K |
|
|
GPOR
2684
PUT
DELISTED
Gulfport Energy Corp.
GPOR
| $3.52M | ﹤0.01% |
112,500
-80,400
| -42% | -$2.43M |
|
|
FITB
2685
PUT
Fifth Third Bancorp
FITB
$49.6B
| $3.51M | ﹤0.01% |
199,800
-48,800
| -20% | -$875K |
|
2686
CALL
Agilent Technologies
A
$44.6B
| $3.5M | ﹤0.01% |
79,000
-81,000
| -51% | -$3.49M |
|
2687
iShares MSCI Switzerland ETF
EWL
$2.42B
| $3.5M | ﹤0.01% |
+118,069
| New | +$3.57M |
|
2688
CALL
Ametek
AME
$55.8B
| $3.5M | ﹤0.01% |
75,700
+30,700
| +68% | +$1.48M |
|
2689
PUT
Kilroy Realty
KRC
$4.29B
| $3.5M | ﹤0.01% |
+52,800
| New | +$3.34M |
|
2690
PUT
Campbell Soup
CPB
$6.99B
| $3.5M | ﹤0.01% |
52,600
-1,178,500
| -96% | -$73.9M |
|
2691
PUT
Manhattan Associates
MANH
$13.1B
| $3.5M | ﹤0.01% |
54,500
-144,100
| -73% | -$8.98M |
|
2692
International Flavors & Fragrances
IFF
$22.1B
| $3.49M | ﹤0.01% |
27,700
| – | – |
|
2693
RLI Corp
RLI
$5.9B
| $3.49M | ﹤0.01% |
101,448
-35,438
| -26% | -$1.15M |
|
2694
CALL
Westlake Corp
WLK
$9.47B
| $3.49M | ﹤0.01% |
81,300
+28,500
| +54% | +$1.3M |
|
2695
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.4B
| $3.49M | ﹤0.01% |
75,770
-2,982
| -4% | -$135K |
|
2696
CALL
HealthEquity
HQY
$7.76B
| $3.49M | ﹤0.01% |
114,800
+67,300
| +142% | +$1.77M |
|
|
MMP
2697
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $3.49M | ﹤0.01% |
45,900
-21,502
| -32% | -$1.53M |
|
|
VER
2698
DELISTED
VEREIT, Inc.
VER
| $3.49M | ﹤0.01% |
68,780
-70,641
| -51% | -$3.33M |
|
|
NBL
2699
DELISTED
Noble Energy, Inc.
NBL
| $3.48M | ﹤0.01% |
97,100
-69,140
| -42% | -$2.43M |
|
2700
CALL
IMAX
IMAX
$2.84B
| $3.48M | ﹤0.01% |
118,100
-19,500
| -14% | -$612K |
|
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.