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 | |
|---|---|---|---|---|---|---|
|
VPU
3651
CALL
Vanguard Utilities ETF
VPU
$8.26B
| $1.9M | ﹤0.01% |
16,600
+5,700
| +52% | +$612K |
|
|
MRO
3652
DELISTED
Marathon Oil Corporation
MRO
| $1.9M | ﹤0.01% |
126,659
-443,930
| -78% | -$5.87M |
|
|
ADPT
3653
CALL
DELISTED
Adeptus Health Inc
ADPT
| $1.9M | ﹤0.01% |
36,700
-68,900
| -65% | -$4.13M |
|
|
BRS
3654
PUT
DELISTED
Bristow Group, Inc.
BRS
| $1.89M | ﹤0.01% |
+165,700
| New | +$2.79M |
|
|
SWC
3655
DELISTED
Stillwater Mining Co
SWC
| $1.89M | ﹤0.01% |
159,355
-47,401
| -23% | -$507K |
|
3656
PUT
American Eagle Outfitters
AEO
$2.83B
| $1.89M | ﹤0.01% |
118,500
+26,000
| +28% | +$397K |
|
3657
ProShares Ultra Utilities
UPW
$16.1M
| $1.89M | ﹤0.01% |
167,280
+144,144
| +623% | +$1.43M |
|
3658
Avnet
AVT
$7.27B
| $1.88M | ﹤0.01% |
46,500
-22,200
| -32% | -$926K |
|
3659
Fidelity Corporate Bond ETF
FCOR
$351M
| $1.88M | ﹤0.01% |
37,335
+25,369
| +212% | +$1.26M |
|
3660
Vanguard Intermediate-Term Treasury ETF
VGIT
$42.3B
| $1.88M | ﹤0.01% |
28,012
+10,408
| +59% | +$690K |
|
|
DANG
3661
DELISTED
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
| $1.88M | ﹤0.01% |
311,102
+175,235
| +129% | +$1.14M |
|
3662
iShares MSCI BIC ETF
BKF
$75.3M
| $1.88M | ﹤0.01% |
61,508
+42,917
| +231% | +$1.27M |
|
3663
CALL
Infosys
INFY
$48.8B
| $1.88M | ﹤0.01% |
210,600
+41,600
| +25% | +$389K |
|
|
SAGE
3664
CALL
DELISTED
Sage Therapeutics
SAGE
| $1.88M | ﹤0.01% |
62,400
+9,300
| +18% | +$310K |
|
|
EQC
3665
PUT
DELISTED
Equity Commonwealth
EQC
| $1.88M | ﹤0.01% |
64,500
-2,000
| -3% | -$56.9K |
|
3666
AdvisorShares Insider Advantage ETF
SURE
$57.8M
| $1.88M | ﹤0.01% |
33,853
+29,444
| +668% | +$1.64M |
|
3667
PUT
Manulife Financial
MFC
$70.9B
| $1.88M | ﹤0.01% |
137,200
+62,400
| +83% | +$889K |
|
3668
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$267M
| $1.87M | ﹤0.01% |
55,601
-17,907
| -24% | -$611K |
|
3669
PUT
Invesco S&P 500 Low Volatility ETF
SPLV
$7.03B
| $1.87M | ﹤0.01% |
43,800
+21,300
| +95% | +$866K |
|
|
SFLY
3670
CALL
DELISTED
Shutterfly, Inc.
SFLY
| $1.87M | ﹤0.01% |
40,200
-226,500
| -85% | -$10.6M |
|
3671
PUT
Starwood Property Trust
STWD
$5.85B
| $1.87M | ﹤0.01% |
90,400
+34,500
| +62% | +$688K |
|
|
ATCO
3672
PUT
DELISTED
Atlas Corp.
ATCO
| $1.87M | ﹤0.01% |
134,200
-78,000
| -37% | -$1.25M |
|
|
FGP
3673
PUT
DELISTED
Ferrellgas Partners, L.P.
FGP
| $1.87M | ﹤0.01% |
101,300
+8,700
| +9% | +$161K |
|
3674
Banc of California
BANC
$2.95B
| $1.87M | ﹤0.01% |
103,369
+84,869
| +459% | +$1.63M |
|
|
STR
3675
DELISTED
QUESTAR CORP
STR
| $1.87M | ﹤0.01% |
73,700
-10,127
| -12% | -$254K |
|
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.