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 | |
|---|---|---|---|---|---|---|
276
CALL
Yum! Brands
YUM
$41.8B
| $112M | 0.06% |
1,880,771
-111,837
| -6% | -$6.59M |
|
277
Morgan Stanley
MS
$336B
| $112M | 0.06% |
4,306,911
-686,299
| -14% | -$17.9M |
|
278
PUT
AutoZone
AZO
$48.3B
| $112M | 0.06% |
140,700
+30,300
| +27% | +$23.3M |
|
279
PUT
Bristol-Myers Squibb
BMY
$137B
| $112M | 0.06% |
1,518,500
-66,600
| -4% | -$4.71M |
|
280
CALL
Newmont
NEM
$139B
| $111M | 0.06% |
2,846,800
+989,300
| +53% | +$32.8M |
|
|
YHOO
281
DELISTED
Yahoo Inc
YHOO
| $111M | 0.06% |
2,952,431
-2,820,816
| -49% | -$104M |
|
282
PUT
Merck
MRK
$376B
| $111M | 0.06% |
2,017,190
-514,464
| -20% | -$27.4M |
|
283
Teva Pharmaceuticals
TEVA
$43.5B
| $111M | 0.06% |
2,205,192
+582,769
| +36% | +$31M |
|
284
PUT
Salesforce
CRM
$171B
| $110M | 0.06% |
1,384,000
+286,000
| +26% | +$22.4M |
|
|
285
Macy's
M
$6B
| $110M | 0.06% |
3,258,830
+2,271,711
| +230% | +$81.3M |
|
286
NETSCOUT
NTCT
$2.8B
| $109M | 0.06% |
4,912,933
-452,647
| -8% | -$10.5M |
|
287
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $109M | 0.06% |
2,794,200
-115,000
| -4% | -$4.52M |
|
288
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $109M | 0.06% |
4,153,800
-272,600
| -6% | -$6.72M |
|
289
PUT
Synchrony
SYF
$25.9B
| $109M | 0.06% |
4,299,700
+3,590,000
| +506% | +$104M |
|
290
CALL
Colgate-Palmolive
CL
$72.6B
| $108M | 0.06% |
1,478,700
+330,300
| +29% | +$23.5M |
|
291
Biogen
BIIB
$32B
| $107M | 0.06% |
443,576
+62,382
| +16% | +$16.4M |
|
292
PUT
Philip Morris
PM
$293B
| $107M | 0.06% |
1,052,300
+245,600
| +30% | +$24.5M |
|
293
CALL
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $107M | 0.06% |
2,510,500
+869,800
| +53% | +$31.4M |
|
294
CALL
MetLife
MET
$60B
| $107M | 0.06% |
3,002,472
+1,223,541
| +69% | +$47.7M |
|
295
CALL
Bausch Health
BHC
$2.41B
| $106M | 0.06% |
5,285,800
-2,685,100
| -34% | -$76M |
|
|
AET
296
PUT
DELISTED
Aetna Inc
AET
| $106M | 0.06% |
869,700
-171,900
| -17% | -$19.7M |
|
297
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.63B
| $106M | 0.06% |
4,345,600
+2,521,500
| +138% | +$56.7M |
|
|
298
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$4.63B
| $106M | 0.06% |
4,343,000
+2,282,600
| +111% | +$51.3M |
|
|
299
Bausch Health
BHC
$2.41B
| $106M | 0.06% |
5,242,770
+1,220,410
| +30% | +$34.6M |
|
300
CALL
US Bancorp
USB
$96.7B
| $105M | 0.06% |
2,593,500
+1,059,500
| +69% | +$44.1M |
|
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.