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 | |
|---|---|---|---|---|---|---|
|
SFUN
3401
CALL
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $2.19M | ﹤0.01% |
8,694
+6,144
| +241% | +$1.7M |
|
|
IBKC
3402
CALL
DELISTED
IBERIABANK Corp
IBKC
| $2.19M | ﹤0.01% |
36,600
+16,300
| +80% | +$946K |
|
3403
AstraZeneca
AZN
$253B
| $2.19M | ﹤0.01% |
36,192
+12,776
| +55% | +$742K |
|
3404
Boeing
BA
$165B
| $2.18M | ﹤0.01% |
16,818
-242,733
| -94% | -$31.6M |
|
3405
ProShares Trust Short MSCI EAFE
EFZ
$10M
| $2.18M | ﹤0.01% |
32,501
-1,660
| -5% | -$112K |
|
3406
CALL
Direxion Daily Junior Gold Miners Index Bear 2X ETF
JDST
$25.7M
| $2.18M | ﹤0.01% |
+2
| New | +$4.45M |
|
3407
CALL
Jabil
JBL
$32.4B
| $2.18M | ﹤0.01% |
118,100
-56,900
| -33% | -$1.04M |
|
3408
PUT
FuelCell Energy
FCEL
$1.49B
| $2.18M | ﹤0.01% |
973
+130
| +15% | +$298K |
|
3409
CALL
G-III Apparel Group
GIII
$1.41B
| $2.18M | ﹤0.01% |
47,600
+29,600
| +164% | +$1.28M |
|
3410
Verisk Analytics
VRSK
$24.8B
| $2.17M | ﹤0.01% |
26,824
+6,512
| +32% | +$511K |
|
3411
AMERISAFE
AMSF
$487M
| $2.17M | ﹤0.01% |
35,504
+10,426
| +42% | +$596K |
|
3412
Invesco Dorsey Wright Technology Momentum ETF
PTF
$587M
| $2.17M | ﹤0.01% |
172,233
-99,246
| -37% | -$1.22M |
|
|
VRNT
3413
PUT
DELISTED
Verint Systems
VRNT
| $2.17M | ﹤0.01% |
128,577
-25,126
| -16% | -$435K |
|
|
SPR
3414
DELISTED
Spirit AeroSystems
SPR
| $2.17M | ﹤0.01% |
+50,405
| New | +$2.32M |
|
3415
CALL
Synopsys
SNPS
$85.8B
| $2.16M | ﹤0.01% |
40,000
-2,600
| -6% | -$130K |
|
3416
PUT
OSI Systems
OSIS
$3.31B
| $2.16M | ﹤0.01% |
37,200
-31,900
| -46% | -$1.76M |
|
3417
CALL
Dynagas LNG Partners
DLNG
$138M
| $2.16M | ﹤0.01% |
158,300
+134,600
| +568% | +$1.83M |
|
|
IRBT
3418
CALL
DELISTED
iRobot
IRBT
| $2.16M | ﹤0.01% |
61,600
-5,800
| -9% | -$213K |
|
3419
MPLX
MPLX
$60.2B
| $2.15M | ﹤0.01% |
64,050
-76,855
| -55% | -$2.44M |
|
3420
CALL
Neogen
NEOG
$2.52B
| $2.15M | ﹤0.01% |
102,133
+58,933
| +136% | +$1.1M |
|
|
CVT
3421
PUT
DELISTED
CVENT, INC.
CVT
| $2.15M | ﹤0.01% |
60,300
+23,600
| +64% | +$783K |
|
3422
CALL
Sally Beauty Holdings
SBH
$1.56B
| $2.15M | ﹤0.01% |
+73,200
| New | +$2.19M |
|
3423
TE Connectivity
TEL
$58.8B
| $2.15M | ﹤0.01% |
37,655
+709
| +2% | +$42.7K |
|
3424
CALL
Cemex
CX
$15.6B
| $2.15M | ﹤0.01% |
362,403
-1,137,625
| -76% | -$7.29M |
|
|
SOHU
3425
CALL
Sohu.com
SOHU
$369M
| $2.15M | ﹤0.01% |
56,800
-5,500
| -9% | -$234K |
|
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.