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 | |
|---|---|---|---|---|---|---|
401
PUT
VanEck Semiconductor ETF
SMH
$66.4B
| $69.2M | 0.04% |
2,408,200
+1,575,400
| +189% | +$43.2M |
|
402
PUT
United Airlines
UAL
$36.7B
| $69.2M | 0.04% |
1,685,600
+413,500
| +33% | +$19.6M |
|
403
CALL
Constellation Brands
STZ
$23.2B
| $69.1M | 0.04% |
417,800
+239,700
| +135% | +$37.5M |
|
404
CALL
Cummins
CMI
$80.9B
| $68.9M | 0.04% |
612,900
-189,700
| -24% | -$21.5M |
|
405
CALL
Valero Energy
VLO
$100B
| $68.7M | 0.04% |
1,346,400
-324,100
| -19% | -$18.3M |
|
406
PUT
Phillips 66
PSX
$96.9B
| $68.4M | 0.04% |
861,500
+264,900
| +44% | +$21.6M |
|
407
CALL
American Tower
AMT
$81.9B
| $68.1M | 0.04% |
599,600
+158,700
| +36% | +$16.9M |
|
408
CALL
United Rentals
URI
$68.4B
| $67.8M | 0.04% |
1,010,200
+103,700
| +11% | +$6.77M |
|
409
CALL
General Mills
GIS
$21.4B
| $67.8M | 0.04% |
950,100
+359,700
| +61% | +$22.9M |
|
|
WFM
410
PUT
DELISTED
Whole Foods Market Inc
WFM
| $67.8M | 0.04% |
2,116,200
-22,400
| -1% | -$696K |
|
|
GG
411
PUT
DELISTED
Goldcorp Inc
GG
| $67.6M | 0.04% |
3,534,800
+687,300
| +24% | +$12.2M |
|
|
CHK
412
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $66.9M | 0.04% |
78,148
-2,191
| -3% | -$2.1M |
|
413
PUT
Energy Transfer Partners
ET
$73B
| $66.8M | 0.04% |
4,651,800
+150,500
| +3% | +$1.79M |
|
|
414
CALL
United Airlines
UAL
$36.7B
| $66.6M | 0.04% |
1,623,100
+392,100
| +32% | +$18.6M |
|
415
CALL
Teva Pharmaceuticals
TEVA
$43.5B
| $66.5M | 0.04% |
1,324,200
-993,900
| -43% | -$52.9M |
|
416
CALL
Hershey
HSY
$37.5B
| $66.5M | 0.04% |
585,900
+413,900
| +241% | +$38.7M |
|
417
PUT
EOG Resources
EOG
$80.3B
| $66.3M | 0.04% |
794,900
-326,200
| -29% | -$26.1M |
|
418
PUT
Adobe
ADBE
$109B
| $66.2M | 0.04% |
691,400
+91,500
| +15% | +$8.79M |
|
419
VanEck Junior Gold Miners ETF
GDXJ
$9.76B
| $66.2M | 0.04% |
1,552,446
+125,595
| +9% | +$4.53M |
|
|
SCTY
420
CALL
DELISTED
SolarCity Corporation
SCTY
| $66.1M | 0.04% |
2,761,000
+685,800
| +33% | +$16.9M |
|
|
MDVN
421
PUT
DELISTED
MEDIVATION, INC.
MDVN
| $65.8M | 0.04% |
1,090,500
+566,300
| +108% | +$32.1M |
|
422
CALL
HCA Healthcare
HCA
$92.9B
| $65.4M | 0.04% |
848,700
-188,100
| -18% | -$14.8M |
|
423
CALL
Blackrock
BLK
$179B
| $65.1M | 0.03% |
190,100
-106,400
| -36% | -$37.4M |
|
|
RSX
424
PUT
DELISTED
VanEck Russia ETF
RSX
| $64.9M | 0.03% |
3,728,000
+747,800
| +25% | +$12.8M |
|
425
PUT
Mondelez International
MDLZ
$82.3B
| $64.9M | 0.03% |
1,426,000
-733,600
| -34% | -$32M |
|
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.