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 | |
|---|---|---|---|---|---|---|
|
PSB
2801
DELISTED
PS Business Parks, Inc.
PSB
| $3.22M | ﹤0.01% |
30,352
-29,095
| -49% | -$2.91M |
|
2802
Prospect Capital
PSEC
$1.17B
| $3.22M | ﹤0.01% |
411,644
+152,252
| +59% | +$1.15M |
|
|
RDUS
2803
CALL
DELISTED
Radius Health, Inc.
RDUS
| $3.22M | ﹤0.01% |
87,600
+9,300
| +12% | +$328K |
|
|
CN
2804
DELISTED
Xtrackers MSCI All China Equity ETF
CN
| $3.22M | ﹤0.01% |
+113,362
| New | +$3.17M |
|
|
VNET
2805
VNET Group
VNET
$1.88B
| $3.21M | ﹤0.01% |
314,754
-168,037
| -35% | -$2.68M |
|
2806
Jabil
JBL
$32.7B
| $3.21M | ﹤0.01% |
173,849
-41,740
| -19% | -$760K |
|
2807
PUT
PACCAR
PCAR
$66.5B
| $3.21M | ﹤0.01% |
92,850
-108,600
| -54% | -$3.99M |
|
2808
National Healthcare
NHC
$3.49B
| $3.21M | ﹤0.01% |
49,525
-17,358
| -26% | -$1.1M |
|
2809
Black Hills Corp
BKH
$5.6B
| $3.21M | ﹤0.01% |
50,843
-12,099
| -19% | -$729K |
|
|
TARO
2810
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $3.21M | ﹤0.01% |
22,012
+8,697
| +65% | +$1.23M |
|
2811
CALL
Energizer
ENR
$1.51B
| $3.2M | ﹤0.01% |
62,200
+4,300
| +7% | +$197K |
|
|
CLNY
2812
DELISTED
Colony Capital, Inc.
CLNY
| $3.2M | ﹤0.01% |
+208,551
| New | +$3.62M |
|
2813
Vishay Intertechnology
VSH
$4.82B
| $3.2M | ﹤0.01% |
258,001
| – | – |
|
|
MFLX
2814
PUT
DELISTED
MULTI-FINELINE ELECTRONIX INC
MFLX
| $3.2M | ﹤0.01% |
137,800
+56,900
| +70% | +$1.3M |
|
2815
The Greenbrier Companies
GBX
$1.43B
| $3.19M | ﹤0.01% |
109,634
+30,051
| +38% | +$865K |
|
2816
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
| $3.19M | ﹤0.01% |
37,399
+28,112
| +303% | +$2.39M |
|
2817
PUT
Ameriprise Financial
AMP
$49.1B
| $3.19M | ﹤0.01% |
35,500
+18,400
| +108% | +$1.78M |
|
2818
PUT
ProShares Ultra Materials
UYM
$41.9M
| $3.19M | ﹤0.01% |
311,600
+10,000
| +3% | +$104K |
|
2819
CALL
Mohawk Industries
MHK
$8.81B
| $3.19M | ﹤0.01% |
16,800
-8,000
| -32% | -$1.56M |
|
|
FMI
2820
PUT
DELISTED
Foundation Medicine, Inc.
FMI
| $3.19M | ﹤0.01% |
170,800
+86,000
| +101% | +$1.55M |
|
2821
PUT
American Water Works
AWK
$27.1B
| $3.19M | ﹤0.01% |
37,700
+11,700
| +45% | +$870K |
|
|
STOR
2822
DELISTED
STORE Capital Corporation
STOR
| $3.19M | ﹤0.01% |
108,200
-149,241
| -58% | -$3.93M |
|
|
UN
2823
DELISTED
Unilever NV New York Registry Shares
UN
| $3.19M | ﹤0.01% |
67,873
+46,262
| +214% | +$2.07M |
|
|
ATW
2824
PUT
DELISTED
Atwood Oceanics
ATW
| $3.19M | ﹤0.01% |
254,400
+157,800
| +163% | +$1.65M |
|
2825
Merck
MRK
$369B
| $3.18M | ﹤0.01% |
57,923
-163,747
| -74% | -$8.71M |
|
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.