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 | |
|---|---|---|---|---|---|---|
2901
CALL
Helen of Troy
HELE
$674M
| $3.02M | ﹤0.01% |
29,400
-4,800
| -14% | -$484K |
|
2902
PUT
State Street SPDR Dow Jones REIT ETF
RWR
$1.85B
| $3.02M | ﹤0.01% |
30,400
+19,100
| +169% | +$1.81M |
|
|
Y
2903
PUT
DELISTED
Alleghany Corp
Y
| $3.02M | ﹤0.01% |
5,500
+500
| +10% | +$261K |
|
2904
Icon
ICLR
$13.1B
| $3.02M | ﹤0.01% |
+43,143
| New | +$2.96M |
|
2905
ONE Gas
OGS
$5B
| $3.02M | ﹤0.01% |
45,353
-23,181
| -34% | -$1.4M |
|
2906
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.83B
| $3.02M | ﹤0.01% |
69,558
+19,785
| +40% | +$838K |
|
2907
CALL
PG&E
PCG
$39.5B
| $3.02M | ﹤0.01% |
47,200
+11,300
| +31% | +$677K |
|
2908
CALL
Methode Electronics
MEI
$631M
| $3.02M | ﹤0.01% |
88,100
+23,700
| +37% | +$696K |
|
2909
CALL
Everest Group
EG
$14.5B
| $3.01M | ﹤0.01% |
16,500
+4,500
| +38% | +$827K |
|
|
TCF
2910
DELISTED
TCF Financial Corporation Common Stock
TCF
| $3.01M | ﹤0.01% |
80,824
-12,939
| -14% | -$490K |
|
|
CYNO
2911
PUT
DELISTED
Cynosure, Inc. Class A
CYNO
| $3.01M | ﹤0.01% |
61,900
+55,400
| +852% | +$2.63M |
|
|
SSRI
2912
CALL
DELISTED
Silver Standard Resources
SSRI
| $3.01M | ﹤0.01% |
231,600
+20,100
| +10% | +$187K |
|
|
AVTA
2913
PUT
DELISTED
Avantax, Inc. Common Stock
AVTA
| $3M | ﹤0.01% |
290,100
+113,400
| +64% | +$892K |
|
2914
CALL
ArcelorMittal
MT
$56.3B
| $3M | ﹤0.01% |
214,900
+148,967
| +226% | +$2.26M |
|
2915
CALL
Repligen
RGEN
$10.3B
| $3M | ﹤0.01% |
109,800
-208,600
| -66% | -$5.33M |
|
2916
UGI
UGI
$8.2B
| $3M | ﹤0.01% |
66,360
-87,899
| -57% | -$3.7M |
|
2917
CALL
Textron
TXT
$14.2B
| $3M | ﹤0.01% |
82,100
+27,900
| +51% | +$1.06M |
|
2918
CALL
Direxion Daily MSCI Emerging Markets Bull 3X ETF
EDC
$174M
| $3M | ﹤0.01% |
58,200
-88,300
| -60% | -$4.29M |
|
|
OPLN
2919
CALL
Openlane
OPLN
$4.33B
| $2.99M | ﹤0.01% |
189,431
-21,401
| -10% | -$320K |
|
|
WWE
2920
CALL
DELISTED
World Wrestling Entertainment
WWE
| $2.99M | ﹤0.01% |
162,600
+53,000
| +48% | +$918K |
|
|
CHUY
2921
PUT
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $2.99M | ﹤0.01% |
86,400
+10,200
| +13% | +$331K |
|
2922
CALL
Valmont Industries
VMI
$9.28B
| $2.99M | ﹤0.01% |
22,100
-33,600
| -60% | -$4.44M |
|
2923
CALL
Direxion Daily MSCI India Bull 2X ETF
INDL
$56.1M
| $2.98M | ﹤0.01% |
59,200
-11,900
| -17% | -$566K |
|
2924
CALL
ProShares UltraShort Financials
SKF
$10.5M
| $2.98M | ﹤0.01% |
4,175
+3,369
| +418% | +$2.44M |
|
2925
Invesco Leisure and Entertainment ETF
PEJ
$360M
| $2.98M | ﹤0.01% |
88,740
+70,241
| +380% | +$2.49M |
|
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.