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 | |
|---|---|---|---|---|---|---|
326
PUT
Perrigo
PRGO
$1.98B
| $92.2M | 0.05% |
1,017,400
+722,000
| +244% | +$74.8M |
|
327
CALL
Phillips 66
PSX
$96.9B
| $91.6M | 0.05% |
1,154,700
-285,900
| -20% | -$23.3M |
|
328
CALL
EOG Resources
EOG
$80.3B
| $91M | 0.05% |
1,090,500
-755,800
| -41% | -$60.5M |
|
329
PUT
Kinder Morgan
KMI
$69B
| $90.5M | 0.05% |
4,835,000
-416,300
| -8% | -$7.42M |
|
330
PUT
Comcast
CMCSA
$95.3B
| $90.4M | 0.05% |
2,772,800
-992,000
| -26% | -$30.8M |
|
331
CALL
Agnico Eagle Mines
AEM
$109B
| $90.1M | 0.05% |
1,683,700
-51,600
| -3% | -$2.35M |
|
332
American Airlines Group
AAL
$9.15B
| $89.6M | 0.05% |
3,166,350
+891,410
| +39% | +$30.1M |
|
|
VMW
333
PUT
DELISTED
VMware, Inc
VMW
| $89.5M | 0.05% |
1,564,300
+450,600
| +40% | +$26M |
|
334
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $89.3M | 0.05% |
2,818,800
+342,900
| +14% | +$12.2M |
|
335
PUT
Skyworks Solutions
SWKS
$10.1B
| $89.3M | 0.05% |
1,410,400
-89,600
| -6% | -$6.09M |
|
336
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $88.8M | 0.05% |
326,100
-250,800
| -43% | -$67M |
|
337
CALL
Invesco CurrencyShares Euro Currency Trust
FXE
$345M
| $87.6M | 0.05% |
809,500
+78,000
| +11% | +$8.6M |
|
338
CALL
GSK
GSK
$105B
| $86.9M | 0.05% |
1,604,560
+36,080
| +2% | +$1.9M |
|
|
VIAB
339
CALL
DELISTED
Viacom Inc. Class B
VIAB
| $86.8M | 0.05% |
2,092,600
+1,465,200
| +234% | +$60.6M |
|
340
Ford
F
$57.5B
| $86.6M | 0.05% |
6,887,550
-3,055,053
| -31% | -$40.3M |
|
341
PUT
Direxion Daily Small Cap Bull 3x ETF
TNA
$1.37B
| $86.3M | 0.05% |
2,740,400
-119,400
| -4% | -$3.63M |
|
342
CALL
Simon Property Group
SPG
$70.6B
| $86.2M | 0.05% |
397,400
+39,500
| +11% | +$8.06M |
|
343
Delta Air Lines
DAL
$54.2B
| $86.1M | 0.05% |
2,363,392
+1,188,749
| +101% | +$50.5M |
|
344
PUT
Honeywell
HON
$68.4B
| $86M | 0.05% |
822,429
+375,713
| +84% | +$38.6M |
|
|
IOC
345
CALL
DELISTED
Interoil Corporation
IOC
| $85.7M | 0.05% |
1,904,900
+644,600
| +51% | +$23.7M |
|
346
CALL
Expedia Group
EXPE
$38.6B
| $85.1M | 0.05% |
800,500
+233,600
| +41% | +$25.4M |
|
347
CALL
Invesco CurrencyShares British Pound Sterling Trust
FXB
$65.6M
| $84.5M | 0.05% |
649,400
+568,900
| +707% | +$79.8M |
|
348
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $84.2M | 0.05% |
1,557,100
-620,400
| -28% | -$34M |
|
349
PUT
MetLife
MET
$60B
| $84M | 0.05% |
2,364,952
-36,128
| -2% | -$1.41M |
|
350
PUT
Las Vegas Sands
LVS
$30.5B
| $83.6M | 0.04% |
1,922,000
+106,900
| +6% | +$4.99M |
|
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.