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 | |
|---|---|---|---|---|---|---|
3101
PUT
Microchip Technology
MCHP
$41B
| $2.65M | ﹤0.01% |
104,200
-800
| -0.8% | -$19.9K |
|
3102
PUT
ProShares Short Russell2000
RWM
$103M
| $2.64M | ﹤0.01% |
44,800
+3,700
| +9% | +$224K |
|
3103
ProShares Ultra Financials
UYG
$840M
| $2.64M | ﹤0.01% |
119,643
-71,511
| -37% | -$1.6M |
|
3104
CALL
O-I Glass
OI
$1.11B
| $2.64M | ﹤0.01% |
146,600
-6,800
| -4% | -$125K |
|
3105
WisdomTree US MidCap Dividend Fund
DON
$4.07B
| $2.64M | ﹤0.01% |
88,455
+50,628
| +134% | +$1.47M |
|
3106
PUT
Hyatt Hotels
H
$16.3B
| $2.63M | ﹤0.01% |
53,600
+12,600
| +31% | +$602K |
|
3107
Republic Services
RSG
$67.1B
| $2.63M | ﹤0.01% |
51,268
-43,300
| -46% | -$2.08M |
|
|
BOBE
3108
CALL
DELISTED
Bob Evans Farms, Inc.
BOBE
| $2.63M | ﹤0.01% |
69,300
+4,300
| +7% | +$193K |
|
3109
CALL
Churchill Downs
CHDN
$6.03B
| $2.63M | ﹤0.01% |
+124,800
| New | +$2.75M |
|
3110
First Trust Technology AlphaDEX Fund
FXL
$2.82B
| $2.63M | ﹤0.01% |
79,652
+44,024
| +124% | +$1.43M |
|
|
MASI
3111
DELISTED
Masimo
MASI
| $2.63M | ﹤0.01% |
+50,000
| New | +$2.35M |
|
3112
Valero Energy
VLO
$99.8B
| $2.63M | ﹤0.01% |
51,460
-150,984
| -75% | -$8.54M |
|
3113
Masco
MAS
$14.4B
| $2.62M | ﹤0.01% |
84,766
-6,535
| -7% | -$206K |
|
|
IBCD
3114
DELISTED
iShares iBonds Mar 2020 Term Corporate ex-Financials ETF
IBCD
| $2.62M | ﹤0.01% |
104,356
+55,336
| +113% | +$1.38M |
|
3115
CALL
Tower Semiconductor
TSEM
$24.8B
| $2.62M | ﹤0.01% |
210,600
+112,600
| +115% | +$1.36M |
|
3116
PUT
State Street SPDR S&P Insurance ETF
KIE
$707M
| $2.61M | ﹤0.01% |
110,100
+99,000
| +892% | +$2.33M |
|
3117
Kaiser Aluminum
KALU
$2.56B
| $2.61M | ﹤0.01% |
28,827
-12,259
| -30% | -$1.07M |
|
3118
PUT
Green Plains
GPRE
$984M
| $2.6M | ﹤0.01% |
132,000
+80,300
| +155% | +$1.41M |
|
|
CVG
3119
DELISTED
Convergys
CVG
| $2.6M | ﹤0.01% |
104,122
-53,732
| -34% | -$1.45M |
|
3120
CALL
Atmos Energy
ATO
$28.3B
| $2.6M | ﹤0.01% |
32,000
+6,500
| +25% | +$482K |
|
|
TCHF
3121
DELISTED
iShares Edge MSCI Multifactor Technology ETF
TCHF
| $2.6M | ﹤0.01% |
+99,887
| New | +$2.55M |
|
3122
PUT
UFP Industries
UFPI
$4.71B
| $2.6M | ﹤0.01% |
84,000
+15,600
| +23% | +$439K |
|
|
MFLX
3123
DELISTED
MULTI-FINELINE ELECTRONIX INC
MFLX
| $2.6M | ﹤0.01% |
111,850
+60,986
| +120% | +$1.39M |
|
3124
PUT
Ryanair
RYAAY
$28.8B
| $2.59M | ﹤0.01% |
93,250
+14,000
| +18% | +$454K |
|
|
SGG
3125
CALL
DELISTED
iPath Bloomberg Sugar Subindex Total Return ETN due June 24, 2038
SGG
| $2.59M | ﹤0.01% |
55,400
-9,100
| -14% | -$355K |
|
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.