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 | |
|---|---|---|---|---|---|---|
|
TWO
4051
DELISTED
Two Harbors Investment
TWO
| $1.52M | ﹤0.01% |
22,181
+2,272
| +11% | +$150K |
|
|
HR
4052
CALL
DELISTED
Healthcare Realty Trust Incorporated
HR
| $1.52M | ﹤0.01% |
43,400
+23,700
| +120% | +$752K |
|
4053
PUT
ONE Gas
OGS
$5B
| $1.52M | ﹤0.01% |
22,800
+8,400
| +58% | +$506K |
|
4054
ProShares Ultra Consumer Staples
UGE
$10.1M
| $1.52M | ﹤0.01% |
+155,040
| New | +$1.46M |
|
4055
Invesco Dorsey Wright Consumer Staples Momentum ETF
PSL
$84.3M
| $1.52M | ﹤0.01% |
25,965
-38,025
| -59% | -$2.15M |
|
|
FOLD
4056
CALL
DELISTED
Amicus Therapeutics
FOLD
| $1.51M | ﹤0.01% |
277,500
-966,200
| -78% | -$6.76M |
|
|
ONCE
4057
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $1.51M | ﹤0.01% |
29,617
-33,854
| -53% | -$1.45M |
|
4058
Argan
AGX
$5.86B
| $1.51M | ﹤0.01% |
36,272
+20,082
| +124% | +$721K |
|
4059
Invesco International Corporate Bond ETF
PICB
$355M
| $1.51M | ﹤0.01% |
58,495
+2,994
| +5% | +$79K |
|
4060
SBA Communications
SBAC
$20.3B
| $1.51M | ﹤0.01% |
+14,018
| New | +$1.42M |
|
|
VAL
4061
CALL
DELISTED
Valspar
VAL
| $1.51M | ﹤0.01% |
14,000
-386,300
| -97% | -$41.5M |
|
4062
WSFS Financial
WSFS
$4B
| $1.51M | ﹤0.01% |
46,924
+21,974
| +88% | +$747K |
|
4063
CALL
Dine Brands
DIN
$425M
| $1.51M | ﹤0.01% |
17,800
-8,600
| -33% | -$738K |
|
|
MDSO
4064
DELISTED
Medidata Solutions, Inc.
MDSO
| $1.51M | ﹤0.01% |
32,178
+9,741
| +43% | +$424K |
|
4065
PUT
Arrowhead Research
ARWR
$12B
| $1.51M | ﹤0.01% |
283,300
+56,000
| +25% | +$320K |
|
4066
Cemex
CX
$15.7B
| $1.51M | ﹤0.01% |
253,960
-1,109,222
| -81% | -$7.11M |
|
4067
PUT
Hecla Mining
HL
$13.7B
| $1.5M | ﹤0.01% |
295,000
+68,200
| +30% | +$276K |
|
|
PFPT
4068
DELISTED
Proofpoint, Inc.
PFPT
| $1.5M | ﹤0.01% |
23,817
+6,783
| +40% | +$388K |
|
|
RICE
4069
PUT
DELISTED
Rice Energy Inc.
RICE
| $1.5M | ﹤0.01% |
68,200
+54,000
| +380% | +$1.01M |
|
|
TSS
4070
PUT
DELISTED
Total System Services, Inc.
TSS
| $1.5M | ﹤0.01% |
28,300
-31,900
| -53% | -$1.65M |
|
|
FMSA
4071
PUT
DELISTED
Fairmount Santrol Holdings Inc.
FMSA
| $1.5M | ﹤0.01% |
+194,800
| New | +$960K |
|
4072
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$71.6M
| $1.5M | ﹤0.01% |
15
+14
| +1,400% | +$2.81M |
|
|
WDR
4073
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $1.5M | ﹤0.01% |
+87,045
| New | +$1.78M |
|
|
NRF
4074
DELISTED
NorthStar Realty Finance Corp.
NRF
| $1.5M | ﹤0.01% |
131,104
+50,617
| +63% | +$650K |
|
4075
PUT
Apogee Enterprises
APOG
$842M
| $1.5M | ﹤0.01% |
32,300
+23,300
| +259% | +$1.01M |
|
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.