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 | |
|---|---|---|---|---|---|---|
4176
CMS Energy
CMS
$21.4B
| $1.39M | ﹤0.01% |
30,407
-14,888
| -33% | -$625K |
|
|
EVHC
4177
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $1.39M | ﹤0.01% |
18,356
+10,307
| +128% | +$732K |
|
4178
CALL
ProShares Trust UltraShort MSCI Japan
EWV
$5.17M
| $1.39M | ﹤0.01% |
7,050
+3,700
| +110% | +$735K |
|
4179
CALL
IAMGOLD
IAG
$11.8B
| $1.39M | ﹤0.01% |
336,500
+220,500
| +190% | +$751K |
|
4180
CALL
Franklin Templeton
BEN
$17.6B
| $1.39M | ﹤0.01% |
41,700
-315,300
| -88% | -$11.5M |
|
4181
CALL
OneSpan
OSPN
$610M
| $1.39M | ﹤0.01% |
84,900
+43,700
| +106% | +$727K |
|
4182
Seaboard Corp
SEB
$3.75B
| $1.39M | ﹤0.01% |
+485
| New | +$1.42M |
|
|
CAVM
4183
DELISTED
Cavium, Inc.
CAVM
| $1.39M | ﹤0.01% |
+36,066
| New | +$1.78M |
|
4184
CALL
iShares International Select Dividend ETF
IDV
$8.6B
| $1.39M | ﹤0.01% |
48,600
+13,400
| +38% | +$389K |
|
4185
MGE Energy Inc
MGEE
$2.95B
| $1.39M | ﹤0.01% |
24,600
-14,700
| -37% | -$761K |
|
4186
Direxion Daily S&P 500 Bull 2X ETF
SPUU
$290M
| $1.39M | ﹤0.01% |
39,778
-7,883
| -17% | -$269K |
|
4187
PUT
Xylem
XYL
$26B
| $1.39M | ﹤0.01% |
31,100
-12,000
| -28% | -$521K |
|
|
UN
4188
PUT
DELISTED
Unilever NV New York Registry Shares
UN
| $1.39M | ﹤0.01% |
29,600
+17,900
| +153% | +$802K |
|
4189
Shenandoah Telecom
SHEN
$690M
| $1.39M | ﹤0.01% |
35,518
-40,187
| -53% | -$1.24M |
|
|
VRNT
4190
CALL
DELISTED
Verint Systems
VRNT
| $1.39M | ﹤0.01% |
82,250
-5,496
| -6% | -$95.2K |
|
|
AAMI
4191
Acadian Asset Management
AAMI
$3.4B
| $1.39M | ﹤0.01% |
104,005
-1,643
| -2% | -$22.9K |
|
4192
PUT
Trimble
TRMB
$14.2B
| $1.39M | ﹤0.01% |
56,900
+30,800
| +118% | +$771K |
|
|
BMS
4193
CALL
DELISTED
Bemis
BMS
| $1.39M | ﹤0.01% |
26,900
+21,400
| +389% | +$1.08M |
|
4194
First Trust Developed Markets ex-US AlphaDEX Fund
FDT
$1.31B
| $1.38M | ﹤0.01% |
+30,736
| New | +$1.42M |
|
4195
Progressive
PGR
$127B
| $1.38M | ﹤0.01% |
41,300
-264,775
| -87% | -$8.76M |
|
|
CIVI
4196
PUT
DELISTED
Civitas Resources
CIVI
| $1.38M | ﹤0.01% |
6,166
+2,496
| +68% | +$747K |
|
4197
Idacorp
IDA
$7.85B
| $1.38M | ﹤0.01% |
17,000
-59,376
| -78% | -$4.38M |
|
|
4198
PUT
iShares International Select Dividend ETF
IDV
$8.6B
| $1.38M | ﹤0.01% |
48,300
+10,500
| +28% | +$305K |
|
|
COL
4199
DELISTED
Rockwell Collins
COL
| $1.38M | ﹤0.01% |
16,233
-35,436
| -69% | -$3.16M |
|
|
AL
4200
DELISTED
Air Lease Corp
AL
| $1.38M | ﹤0.01% |
51,476
+18,658
| +57% | +$556K |
|
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.