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 | |
|---|---|---|---|---|---|---|
|
APC
351
PUT
DELISTED
Anadarko Petroleum
APC
| $83.5M | 0.04% |
1,567,600
-510,600
| -25% | -$25.9M |
|
352
PUT
Under Armour
UAA
$2.32B
| $83.4M | 0.04% |
2,079,000
-1,210,600
| -37% | -$48.4M |
|
353
PUT
Devon Energy
DVN
$54B
| $83.4M | 0.04% |
2,300,300
-615,900
| -21% | -$20.9M |
|
|
VMW
354
DELISTED
VMware, Inc
VMW
| $83M | 0.04% |
1,450,920
+1,103,336
| +317% | +$63.6M |
|
|
HES
355
CALL
DELISTED
Hess
HES
| $82.1M | 0.04% |
1,366,200
+666,400
| +95% | +$38.6M |
|
356
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $81.9M | 0.04% |
2,104,600
-180,400
| -8% | -$7.61M |
|
357
PUT
Cummins
CMI
$80.9B
| $81.7M | 0.04% |
726,400
+66,900
| +10% | +$7.58M |
|
358
PUT
iShares MSCI Germany ETF
EWG
$1.72B
| $81.6M | 0.04% |
3,393,800
+2,740,400
| +419% | +$70M |
|
359
CALL
ProShares UltraShort Bloomberg Crude Oil
SCO
$635M
| $81.3M | 0.04% |
24,895
-2,608
| -9% | -$9.84M |
|
360
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $81M | 0.04% |
1,446,400
-347,400
| -19% | -$19.4M |
|
361
CALL
eBay
EBAY
$46.3B
| $80.9M | 0.04% |
3,454,300
+126,800
| +4% | +$3.06M |
|
362
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $80.1M | 0.04% |
1,117,400
-927,000
| -45% | -$65.3M |
|
363
CALL
Direxion Daily Junior Gold Miners Index Bull 2X ETF
JNUG
$665M
| $80.1M | 0.04% |
20,060
+10,115
| +102% | +$28.2M |
|
364
Charter Communications
CHTR
$17.9B
| $80.1M | 0.04% |
350,277
-24,892
| -7% | -$5.35M |
|
365
PUT
Cigna
CI
$73.3B
| $79.9M | 0.04% |
624,300
+230,000
| +58% | +$30.4M |
|
366
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $79.9M | 0.04% |
3,448,200
+389,800
| +13% | +$9.07M |
|
|
MON
367
DELISTED
Monsanto Co
MON
| $79M | 0.04% |
763,775
+221,040
| +41% | +$21.9M |
|
368
CALL
Viatris
VTRS
$18.7B
| $78.8M | 0.04% |
1,823,300
+35,100
| +2% | +$1.55M |
|
369
CALL
Honeywell
HON
$68.4B
| $77.9M | 0.04% |
745,528
-264,647
| -26% | -$27.2M |
|
370
PUT
UnitedHealth
UNH
$350B
| $77.7M | 0.04% |
550,000
-567,300
| -51% | -$75.6M |
|
371
PUT
Valero Energy
VLO
$100B
| $77.3M | 0.04% |
1,516,500
-83,400
| -5% | -$4.72M |
|
|
VMW
372
CALL
DELISTED
VMware, Inc
VMW
| $76.8M | 0.04% |
1,341,600
+50,000
| +4% | +$2.88M |
|
373
PUT
JD.com
JD
$39.7B
| $76.4M | 0.04% |
3,596,700
+2,614,600
| +266% | +$63.1M |
|
374
CALL
Thermo Fisher Scientific
TMO
$233B
| $76.2M | 0.04% |
515,900
+290,100
| +128% | +$42.8M |
|
375
PUT
Alcoa
AA
$13.7B
| $76.1M | 0.04% |
3,416,687
-720,142
| -17% | -$16.9M |
|
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.