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 | |
|---|---|---|---|---|---|---|
|
EQM
2851
CALL
DELISTED
EQM Midstream Partners, LP
EQM
| $3.15M | ﹤0.01% |
39,200
-39,400
| -50% | -$2.97M |
|
2852
Boston Scientific
BSX
$67.6B
| $3.14M | ﹤0.01% |
134,542
+78,517
| +140% | +$1.7M |
|
2853
CALL
Kearny Financial
KRNY
$650M
| $3.14M | ﹤0.01% |
249,600
+211,000
| +547% | +$2.71M |
|
2854
PUT
Thor Industries
THO
$3.97B
| $3.14M | ﹤0.01% |
48,500
+12,000
| +33% | +$767K |
|
2855
CALL
Compass Minerals
CMP
$1.05B
| $3.13M | ﹤0.01% |
42,200
+24,800
| +143% | +$1.88M |
|
|
USCR
2856
CALL
DELISTED
U S Concrete, Inc.
USCR
| $3.13M | ﹤0.01% |
51,400
+10,900
| +27% | +$684K |
|
2857
First Trust Health Care AlphaDEX Fund
FXH
$1.16B
| $3.13M | ﹤0.01% |
53,104
-3,939
| -7% | -$228K |
|
2858
iShares MSCI USA Momentum Factor ETF
MTUM
$24.7B
| $3.13M | ﹤0.01% |
40,919
+29,526
| +259% | +$2.18M |
|
2859
PUT
MannKind Corp
MNKD
$1.31B
| $3.12M | ﹤0.01% |
538,180
-719,300
| -57% | -$4.45M |
|
2860
Ferrari
RACE
$72.8B
| $3.12M | ﹤0.01% |
76,194
-3,739
| -5% | -$159K |
|
2861
CALL
Vanguard Morningstar Small-Cap Value ETF
VBR
$37.8B
| $3.12M | ﹤0.01% |
29,600
+11,400
| +63% | +$1.18M |
|
2862
CALL
Sociedad Química y Minera de Chile
SQM
$23B
| $3.12M | ﹤0.01% |
126,100
+77,112
| +157% | +$1.69M |
|
|
ANDX
2863
PUT
DELISTED
Andeavor Logistics LP
ANDX
| $3.12M | ﹤0.01% |
62,900
+27,700
| +79% | +$1.3M |
|
|
CEMP
2864
CALL
DELISTED
Cempra, Inc.
CEMP
| $3.11M | ﹤0.01% |
188,800
+94,800
| +101% | +$1.67M |
|
|
GXP
2865
DELISTED
Great Plains Energy Incorporated
GXP
| $3.11M | ﹤0.01% |
102,310
-193,337
| -65% | -$5.93M |
|
2866
CALL
U-Haul Holding Co
UHAL
$13.3B
| $3.11M | ﹤0.01% |
83,000
-41,000
| -33% | -$1.48M |
|
|
AFSI
2867
PUT
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $3.11M | ﹤0.01% |
126,900
+58,200
| +85% | +$1.48M |
|
|
BPT
2868
DELISTED
BP Prudhoe Bay Royalty Trust
BPT
| $3.1M | ﹤0.01% |
+167,897
| New | +$2.5M |
|
2869
Public Service Enterprise Group
PEG
$36.5B
| $3.1M | ﹤0.01% |
66,500
| – | – |
|
2870
Northern Trust Global Quality Real Estate ETF
GQRE
$419M
| $3.1M | ﹤0.01% |
50,876
-5,700
| -10% | -$337K |
|
2871
CALL
NiSource
NI
$19.6B
| $3.1M | ﹤0.01% |
116,800
-170,300
| -59% | -$4.09M |
|
2872
PUT
iShares Select Dividend ETF
DVY
$23.8B
| $3.1M | ﹤0.01% |
36,300
-33,900
| -48% | -$2.79M |
|
|
USCR
2873
PUT
DELISTED
U S Concrete, Inc.
USCR
| $3.09M | ﹤0.01% |
50,800
+26,200
| +107% | +$1.64M |
|
|
VTLE
2874
CALL
DELISTED
Vital Energy
VTLE
| $3.09M | ﹤0.01% |
14,745
+6,850
| +87% | +$1.51M |
|
2875
PUT
Casey's General Stores
CASY
$28.2B
| $3.09M | ﹤0.01% |
23,500
+6,200
| +36% | +$720K |
|
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.