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 | |
|---|---|---|---|---|---|---|
|
TARO
3476
CALL
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $2.1M | ﹤0.01% |
14,400
+9,800
| +213% | +$1.39M |
|
|
APU
3477
PUT
DELISTED
AmeriGas Partners, L.P.
APU
| $2.1M | ﹤0.01% |
44,900
-29,400
| -40% | -$1.29M |
|
3478
CALL
Watsco Inc
WSO
$12.7B
| $2.1M | ﹤0.01% |
14,900
-17,800
| -54% | -$2.39M |
|
3479
PUT
Compass Minerals
CMP
$1.04B
| $2.09M | ﹤0.01% |
28,200
-1,100
| -4% | -$83.3K |
|
3480
ProShares Trust UltraShort MSCI Emerging Markets
EEV
$2.51M
| $2.09M | ﹤0.01% |
+11,336
| New | +$2.3M |
|
|
CIM
3481
Chimera Investment
CIM
$965M
| $2.09M | ﹤0.01% |
44,361
-25,886
| -37% | -$1.14M |
|
3482
PUT
Lazard
LAZ
$4.22B
| $2.09M | ﹤0.01% |
70,100
+20,800
| +42% | +$721K |
|
3483
PUT
Pilgrim's Pride
PPC
$7.49B
| $2.09M | ﹤0.01% |
81,900
-16,500
| -17% | -$415K |
|
3484
CALL
Invesco Dorsey Wright Healthcare Momentum ETF
PTH
$266M
| $2.09M | ﹤0.01% |
+140,100
| New | +$2.08M |
|
3485
Allegiant Air
ALGT
$2.18B
| $2.09M | ﹤0.01% |
13,769
-12,395
| -47% | -$1.91M |
|
|
SSRI
3486
PUT
DELISTED
Silver Standard Resources
SSRI
| $2.09M | ﹤0.01% |
160,600
+95,200
| +146% | +$884K |
|
3487
Wipro
WIT
$18B
| $2.08M | ﹤0.01% |
899,467
| – | – |
|
3488
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $2.08M | ﹤0.01% |
18,100
-148,900
| -89% | -$16.6M |
|
3489
PUT
ProShares Ultra Technology
ROM
$1.26B
| $2.08M | ﹤0.01% |
446,400
+320,000
| +253% | +$1.51M |
|
3490
Nexstar Media Group
NXST
$5.61B
| $2.08M | ﹤0.01% |
43,724
-1,074
| -2% | -$53.7K |
|
3491
PACCAR
PCAR
$65.7B
| $2.08M | ﹤0.01% |
60,150
| – | – |
|
3492
PUT
Vanguard Morningstar Growth ETF
VUG
$229B
| $2.08M | ﹤0.01% |
116,400
+102,000
| +708% | +$1.82M |
|
3493
Globus Medical
GMED
$11.1B
| $2.08M | ﹤0.01% |
87,179
+41,114
| +89% | +$986K |
|
3494
CALL
VanEck ChiNext Innovators ETF
CNXT
$110M
| $2.08M | ﹤0.01% |
61,700
+21,300
| +53% | +$701K |
|
|
CVRR
3495
DELISTED
CVR Refining, LP
CVRR
| $2.08M | ﹤0.01% |
267,915
+102,291
| +62% | +$1.08M |
|
3496
CALL
Aramark
ARMK
$15.4B
| $2.08M | ﹤0.01% |
86,009
+2,355
| +3% | +$56.7K |
|
3497
PUT
Copart
CPRT
$30.6B
| $2.07M | ﹤0.01% |
338,400
+238,400
| +238% | +$1.34M |
|
|
NUVA
3498
CALL
DELISTED
NuVasive, Inc.
NUVA
| $2.07M | ﹤0.01% |
34,700
+17,800
| +105% | +$962K |
|
|
LNW
3499
PUT
DELISTED
Light & Wonder
LNW
| $2.07M | ﹤0.01% |
225,400
-134,700
| -37% | -$1.27M |
|
|
SWFT
3500
PUT
DELISTED
Swift Transportation Company
SWFT
| $2.07M | ﹤0.01% |
134,400
-6,500
| -5% | -$107K |
|
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.