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 | |
|---|---|---|---|---|---|---|
2751
iShares Global Infrastructure ETF
IGF
$10.5B
| $3.34M | ﹤0.01% |
+82,445
| New | +$3.27M |
|
2752
CALL
Wabtec
WAB
$50.2B
| $3.34M | ﹤0.01% |
47,500
-4,000
| -8% | -$311K |
|
2753
PUT
Align Technology
ALGN
$11.3B
| $3.33M | ﹤0.01% |
41,400
-16,200
| -28% | -$1.24M |
|
|
DYN
2754
CALL
DELISTED
Dynegy, Inc.
DYN
| $3.33M | ﹤0.01% |
193,400
-41,100
| -18% | -$714K |
|
2755
PUT
Genuine Parts
GPC
$18.8B
| $3.33M | ﹤0.01% |
32,900
-20,100
| -38% | -$1.95M |
|
|
ESRX
2756
DELISTED
Express Scripts Holding Company
ESRX
| $3.33M | ﹤0.01% |
43,909
-232,097
| -84% | -$17.1M |
|
2757
CALL
Hyatt Hotels
H
$16.3B
| $3.33M | ﹤0.01% |
67,700
+59,400
| +716% | +$2.84M |
|
|
TERP
2758
CALL
DELISTED
TerraForm Power, Inc
TERP
| $3.33M | ﹤0.01% |
305,100
+128,200
| +72% | +$1.19M |
|
2759
CALL
Canadian National Railway
CNI
$76.5B
| $3.33M | ﹤0.01% |
56,300
+15,900
| +39% | +$959K |
|
|
ACHN
2760
CALL
DELISTED
Achillion Pharmaceuticals
ACHN
| $3.33M | ﹤0.01% |
426,300
-78,400
| -16% | -$673K |
|
|
AL
2761
CALL
DELISTED
Air Lease Corp
AL
| $3.32M | ﹤0.01% |
124,100
-149,000
| -55% | -$4.44M |
|
2762
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
$703M
| $3.32M | ﹤0.01% |
84,402
+77,580
| +1,137% | +$2.99M |
|
|
AAWW
2763
PUT
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $3.32M | ﹤0.01% |
80,200
+59,600
| +289% | +$2.53M |
|
|
CRZO
2764
PUT
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $3.32M | ﹤0.01% |
92,600
+22,400
| +32% | +$800K |
|
|
GGP
2765
DELISTED
GGP Inc.
GGP
| $3.32M | ﹤0.01% |
111,300
-42,740
| -28% | -$1.21M |
|
2766
CALL
Marriott Vacations Worldwide
VAC
$3.83B
| $3.31M | ﹤0.01% |
48,400
+16,600
| +52% | +$1.04M |
|
2767
CALL
Copart
CPRT
$30.3B
| $3.31M | ﹤0.01% |
540,000
+480,000
| +800% | +$2.7M |
|
2768
GameStop
GME
$8.19B
| $3.31M | ﹤0.01% |
497,604
-449,096
| -47% | -$3.29M |
|
2769
CALL
Waters Corp
WAT
$41.4B
| $3.31M | ﹤0.01% |
23,500
+1,600
| +7% | +$216K |
|
2770
CALL
iShares US Oil Equipment & Services ETF
IEZ
$383M
| $3.3M | ﹤0.01% |
85,600
+72,600
| +558% | +$2.72M |
|
2771
Healthcare Realty
HR
$6.56B
| $3.3M | ﹤0.01% |
102,000
-44,442
| -30% | -$1.34M |
|
2772
PUT
Cheesecake Factory
CAKE
$5.48B
| $3.3M | ﹤0.01% |
68,500
+39,600
| +137% | +$2M |
|
2773
RPC Inc
RES
$1.42B
| $3.29M | ﹤0.01% |
211,843
| – | – |
|
2774
Steel Dynamics
STLD
$33.8B
| $3.29M | ﹤0.01% |
134,268
+95,965
| +251% | +$2.34M |
|
|
PDCE
2775
CALL
DELISTED
PDC Energy, Inc.
PDCE
| $3.28M | ﹤0.01% |
57,000
-12,900
| -18% | -$766K |
|
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.