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 | |
|---|---|---|---|---|---|---|
|
DOG
4401
PUT
ProShares Short Dow30
DOG
$97.4M
| $1.24M | ﹤0.01% |
14,500
-3,600
| -20% | -$313K |
|
4402
PUT
Fomento Económico Mexicano
FMX
$40.9B
| $1.24M | ﹤0.01% |
13,400
+8,300
| +163% | +$759K |
|
|
BRCD
4403
CALL
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $1.24M | ﹤0.01% |
135,000
+97,400
| +259% | +$872K |
|
4404
Ameren
AEE
$29.4B
| $1.24M | ﹤0.01% |
23,100
-35,895
| -61% | -$1.76M |
|
4405
CALL
Emergent Biosolutions
EBS
$303M
| $1.24M | ﹤0.01% |
44,000
+19,600
| +80% | +$768K |
|
4406
Direxion Daily S&P Biotech Bull 3X ETF
LABU
$643M
| $1.24M | ﹤0.01% |
2,192
-984
| -31% | -$616K |
|
4407
PUT
Cintas
CTAS
$81.7B
| $1.24M | ﹤0.01% |
50,400
-155,200
| -75% | -$3.57M |
|
4408
PUT
Robert Half
RHI
$4.64B
| $1.24M | ﹤0.01% |
32,400
+1,100
| +4% | +$45K |
|
4409
Tanger
SKT
$4.33B
| $1.24M | ﹤0.01% |
30,751
-75,390
| -71% | -$2.74M |
|
4410
FirstEnergy
FE
$26.5B
| $1.24M | ﹤0.01% |
35,386
-429,974
| -92% | -$14.6M |
|
|
HYND
4411
DELISTED
WisdomTree Trust WisdomTree WisdomTree Negative Duration High Yield Bond Fund
HYND
| $1.24M | ﹤0.01% |
66,339
-13,227
| -17% | -$252K |
|
4412
Huron Consulting
HURN
$2.54B
| $1.23M | ﹤0.01% |
20,422
+9,615
| +89% | +$559K |
|
|
HW
4413
PUT
DELISTED
Headwaters Inc
HW
| $1.23M | ﹤0.01% |
68,800
-22,500
| -25% | -$425K |
|
|
TIVO
4414
DELISTED
TIVO INC
TIVO
| $1.23M | ﹤0.01% |
124,648
-11,010
| -8% | -$106K |
|
|
EWEM
4415
DELISTED
Invesco MSCI Emerging Markets Equal Country Weight ETF
EWEM
| $1.23M | ﹤0.01% |
44,514
-7,222
| -14% | -$200K |
|
|
BNCN
4416
DELISTED
BNC Bancorp
BNCN
| $1.23M | ﹤0.01% |
54,300
+8,945
| +20% | +$201K |
|
|
CAB
4417
PUT
DELISTED
Cabela's Inc
CAB
| $1.23M | ﹤0.01% |
24,600
-75,400
| -75% | -$3.75M |
|
4418
Sabre
SABR
$888M
| $1.23M | ﹤0.01% |
+45,905
| New | +$1.29M |
|
4419
CALL
Axos Financial
AX
$5.55B
| $1.23M | ﹤0.01% |
69,400
-204,200
| -75% | -$3.83M |
|
4420
CALL
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.83B
| $1.23M | ﹤0.01% |
+19,200
| New | +$1.21M |
|
4421
PUT
Lincoln Electric
LECO
$15.5B
| $1.23M | ﹤0.01% |
20,800
-19,400
| -48% | -$1.17M |
|
4422
Cheniere Energy
LNG
$58.3B
| $1.23M | ﹤0.01% |
32,724
-324,717
| -91% | -$11.4M |
|
|
CRR
4423
DELISTED
Carbo Ceramics Inc.
CRR
| $1.23M | ﹤0.01% |
93,817
+34,489
| +58% | +$464K |
|
4424
ProShares Hedge Replication ETF
HDG
$22.3M
| $1.23M | ﹤0.01% |
+29,344
| New | +$1.23M |
|
4425
iShares MSCI EAFE Value ETF
EFV
$31.6B
| $1.23M | ﹤0.01% |
28,567
-25,575
| -47% | -$1.15M |
|
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.