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 | |
|---|---|---|---|---|---|---|
3001
CALL
Western Midstream Partners
WES
$19.8B
| $2.83M | ﹤0.01% |
74,000
+56,500
| +323% | +$2.23M |
|
|
QUOT
3002
CALL
DELISTED
Quotient Technology Inc
QUOT
| $2.83M | ﹤0.01% |
211,100
-128,600
| -38% | -$1.48M |
|
|
SNCR
3003
CALL
DELISTED
Synchronoss Technologies
SNCR
| $2.83M | ﹤0.01% |
9,867
+3,334
| +51% | +$1.01M |
|
|
BSCL
3004
DELISTED
Invesco BulletShares 2021 Corporate Bond ETF
BSCL
| $2.83M | ﹤0.01% |
131,369
+65,833
| +100% | +$1.4M |
|
3005
CALL
Schwab US Dividend Equity ETF
SCHD
$111B
| $2.83M | ﹤0.01% |
204,600
+155,400
| +316% | +$2.09M |
|
3006
CALL
OneMain Financial
OMF
$7.35B
| $2.83M | ﹤0.01% |
123,800
+7,700
| +7% | +$218K |
|
3007
Invesco Global Listed Private Equity ETF
PSP
$250M
| $2.82M | ﹤0.01% |
56,033
+37,887
| +209% | +$1.96M |
|
3008
Aon
AON
$74.2B
| $2.82M | ﹤0.01% |
25,800
-10,079
| -28% | -$1.07M |
|
3009
PUT
T. Rowe Price
TROW
$24B
| $2.82M | ﹤0.01% |
38,600
-46,700
| -55% | -$3.48M |
|
3010
PUT
Cheniere Energy
CQP
$33.1B
| $2.81M | ﹤0.01% |
+93,800
| New | +$2.74M |
|
3011
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.8B
| $2.81M | ﹤0.01% |
35,000
+5,700
| +19% | +$453K |
|
|
WIN
3012
PUT
DELISTED
Windstream Holdings Inc
WIN
| $2.81M | ﹤0.01% |
60,640
-8,360
| -12% | -$356K |
|
|
FINL
3013
CALL
DELISTED
Finish Line
FINL
| $2.81M | ﹤0.01% |
139,200
-12,900
| -8% | -$244K |
|
|
AERI
3014
CALL
DELISTED
Aerie Pharmaceuticals
AERI
| $2.81M | ﹤0.01% |
159,400
+121,400
| +319% | +$1.97M |
|
3015
PUT
AMC Global Media
AMCX
$509M
| $2.8M | ﹤0.01% |
46,400
-13,100
| -22% | -$833K |
|
3016
Cincinnati Financial
CINF
$26.5B
| $2.8M | ﹤0.01% |
37,400
-29,838
| -44% | -$2.02M |
|
3017
KBR
KBR
$4.81B
| $2.8M | ﹤0.01% |
211,520
| – | – |
|
3018
International Paper
IP
$21.1B
| $2.8M | ﹤0.01% |
69,696
-26,125
| -27% | -$1.04M |
|
3019
PUT
Energous
WATT
$65.4M
| $2.8M | ﹤0.01% |
360
+290
| +414% | +$1.89M |
|
|
ALDR
3020
CALL
DELISTED
Alder Biopharmaceuticals
ALDR
| $2.8M | ﹤0.01% |
112,000
+27,000
| +32% | +$730K |
|
3021
PUT
Inovio Pharmaceuticals
INO
$130M
| $2.79M | ﹤0.01% |
25,192
+2,459
| +11% | +$299K |
|
3022
PUT
Sempra
SRE
$55.4B
| $2.79M | ﹤0.01% |
49,000
-81,600
| -62% | -$4.32M |
|
|
DPLO
3023
CALL
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $2.79M | ﹤0.01% |
79,800
+27,500
| +53% | +$864K |
|
3024
AutoNation
AN
$6.57B
| $2.79M | ﹤0.01% |
59,382
+22,029
| +59% | +$1.06M |
|
|
CRC
3025
PUT
DELISTED
California Resources Corporation
CRC
| $2.79M | ﹤0.01% |
228,700
+221,330
| +3,003% | +$3.52M |
|
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.