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 | |
|---|---|---|---|---|---|---|
251
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| $124M | 0.07% |
11
+4
| +57% | +$72.4M |
|
252
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $123M | 0.07% |
2,510,200
-409,900
| -14% | -$22.2M |
|
253
PUT
ConocoPhillips
COP
$162B
| $123M | 0.07% |
2,821,500
-312,100
| -10% | -$13.8M |
|
254
PUT
Micron Technology
MU
$1.09T
| $122M | 0.07% |
8,872,600
-1,190,700
| -12% | -$13.5M |
|
255
PUT
Expedia Group
EXPE
$38.6B
| $122M | 0.07% |
1,148,000
-34,200
| -3% | -$3.72M |
|
256
PUT
RTX Corp
RTX
$283B
| $122M | 0.07% |
1,890,433
+144,122
| +8% | +$9.22M |
|
257
PUT
Palo Alto Networks
PANW
$292B
| $122M | 0.07% |
5,961,000
+816,600
| +16% | +$18.9M |
|
258
CALL
NVIDIA
NVDA
$5.2T
| $122M | 0.07% |
103,672,000
+48,172,000
| +87% | +$49.7M |
|
259
PUT
Lockheed Martin
LMT
$130B
| $118M | 0.06% |
474,800
+92,000
| +24% | +$21.7M |
|
260
CALL
Oracle
ORCL
$422B
| $118M | 0.06% |
2,877,200
-930,500
| -24% | -$37.2M |
|
261
PUT
Newmont
NEM
$139B
| $118M | 0.06% |
3,007,400
+664,500
| +28% | +$22M |
|
262
CALL
Morgan Stanley
MS
$336B
| $117M | 0.06% |
4,510,000
+852,700
| +23% | +$22.3M |
|
263
CALL
FedEx
FDX
$76.9B
| $117M | 0.06% |
770,100
-36,100
| -4% | -$5.85M |
|
264
CALL
CVS Health
CVS
$119B
| $117M | 0.06% |
1,220,200
+314,000
| +35% | +$31.3M |
|
|
B
265
Barrick Mining
B
$78.3B
| $117M | 0.06% |
5,457,794
+2,239,431
| +70% | +$39.9M |
|
266
PUT
Ford
F
$57.5B
| $115M | 0.06% |
9,184,000
-2,850,100
| -24% | -$37.6M |
|
267
PUT
Medtronic
MDT
$119B
| $115M | 0.06% |
1,330,200
+480,000
| +56% | +$38.8M |
|
|
268
Alphabet (Google) Class A
GOOGL
$4.22T
| $115M | 0.06% |
3,280,400
-13,620,540
| -81% | -$500M |
|
269
PUT
Invesco CurrencyShares British Pound Sterling Trust
FXB
$65.6M
| $114M | 0.06% |
878,100
+385,300
| +78% | +$54M |
|
|
270
PUT
Oracle
ORCL
$422B
| $114M | 0.06% |
2,786,500
+67,800
| +2% | +$2.71M |
|
271
PUT
Cisco
CSCO
$438B
| $114M | 0.06% |
3,974,100
+1,252,000
| +46% | +$35.1M |
|
272
PUT
Target
TGT
$75.1B
| $113M | 0.06% |
1,611,800
+461,500
| +40% | +$34.4M |
|
273
CALL
BP
BP
$115B
| $112M | 0.06% |
3,761,117
+718,446
| +24% | +$19.4M |
|
|
PXD
274
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $112M | 0.06% |
742,500
+81,900
| +12% | +$12.8M |
|
275
CALL
Texas Instruments
TXN
$241B
| $112M | 0.06% |
1,792,000
-545,600
| -23% | -$32.4M |
|
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's Q2 2016 filing shows 1,269 new, 3,519 increased, 3,507 reduced and 1,718 closed positions. Its largest new stake was Vanguard Long-Term Bond ETF: 484,542 shares worth $47.5M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $7.28B.
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.
- 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.