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 | |
|---|---|---|---|---|---|---|
4026
CALL
LPL Financial
LPLA
$29.2B
| $1.54M | ﹤0.01% |
68,400
-73,000
| -52% | -$1.83M |
|
4027
CALL
Nektar Therapeutics
NKTR
$2.48B
| $1.54M | ﹤0.01% |
7,220
-133
| -2% | -$29.7K |
|
|
SAGE
4028
DELISTED
Sage Therapeutics
SAGE
| $1.54M | ﹤0.01% |
51,145
+26,582
| +108% | +$886K |
|
|
NILE
4029
PUT
DELISTED
Blue Nile, Inc.
NILE
| $1.54M | ﹤0.01% |
56,300
-74,800
| -57% | -$1.94M |
|
4030
T. Rowe Price
TROW
$23.7B
| $1.54M | ﹤0.01% |
21,100
-20,187
| -49% | -$1.5M |
|
4031
PUT
Lumentum
LITE
$80.3B
| $1.54M | ﹤0.01% |
63,600
-46,700
| -42% | -$1.16M |
|
|
ZNGA
4032
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $1.54M | ﹤0.01% |
617,653
-428,627
| -41% | -$1.07M |
|
|
VISN
4033
PUT
Vistance Networks Inc
VISN
$1.4B
| $1.54M | ﹤0.01% |
49,500
+38,000
| +330% | +$1.13M |
|
4034
Mercer International
MERC
$25.9M
| $1.53M | ﹤0.01% |
192,378
-2,731
| -1% | -$24.2K |
|
|
EQM
4035
PUT
DELISTED
EQM Midstream Partners, LP
EQM
| $1.53M | ﹤0.01% |
19,100
+15,800
| +479% | +$1.19M |
|
|
FLTX
4036
CALL
DELISTED
Fleetmatics Group PLC
FLTX
| $1.53M | ﹤0.01% |
35,400
+4,600
| +15% | +$183K |
|
|
GWR
4037
PUT
DELISTED
Genesee & Wyoming Inc.
GWR
| $1.53M | ﹤0.01% |
26,000
-5,400
| -17% | -$331K |
|
4038
iShares 0-5 Year TIPS Bond ETF
STIP
$16B
| $1.53M | ﹤0.01% |
15,054
+3,966
| +36% | +$400K |
|
4039
PUT
Deluxe
DLX
$1.08B
| $1.53M | ﹤0.01% |
23,000
+3,600
| +19% | +$228K |
|
4040
PUT
Direxion Daily Real Estate Bull 3X ETF
DRN
$43.5M
| $1.53M | ﹤0.01% |
58,800
-60,400
| -51% | -$1.32M |
|
4041
PUT
iShares MSCI Europe Financials ETF
EUFN
$4.33B
| $1.53M | ﹤0.01% |
97,400
+37,900
| +64% | +$680K |
|
4042
Wolfspeed
WOLF
$1.34B
| $1.53M | ﹤0.01% |
62,480
+27,638
| +79% | +$672K |
|
|
LVNTA
4043
PUT
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $1.53M | ﹤0.01% |
41,200
+21,700
| +111% | +$825K |
|
|
SBY
4044
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $1.53M | ﹤0.01% |
89,601
+65,324
| +269% | +$992K |
|
4045
PUT
ManpowerGroup
MAN
$2.9B
| $1.52M | ﹤0.01% |
23,700
+2,500
| +12% | +$194K |
|
|
IELG
4046
DELISTED
ISHARES ENHANCED U.S. LARGE CAP ETF
IELG
| $1.52M | ﹤0.01% |
46,394
+1,097
| +2% | +$35.5K |
|
4047
CALL
iShares MSCI Australia ETF
EWA
$1.34B
| $1.52M | ﹤0.01% |
78,300
+11,100
| +17% | +$217K |
|
|
SRG
4048
Seritage Growth Properties
SRG
$119M
| $1.52M | ﹤0.01% |
30,560
-205,901
| -87% | -$10.3M |
|
4049
CALL
ProShares Trust UltraShort MSCI EAFE
EFU
$1.15M
| $1.52M | ﹤0.01% |
18,900
+16,400
| +656% | +$1.34M |
|
4050
CALL
United States Gasoline Fund
UGA
$146M
| $1.52M | ﹤0.01% |
58,500
-29,100
| -33% | -$788K |
|
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.