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 | |
|---|---|---|---|---|---|---|
4576
PUT
Armstrong World Industries
AWI
$7.4B
| $1.15M | ﹤0.01% |
29,300
-32,600
| -53% | -$1.34M |
|
4577
PUT
Black Hills Corp
BKH
$5.55B
| $1.15M | ﹤0.01% |
+18,200
| New | +$1.1M |
|
4578
Schwab US Large- Cap ETF
SCHX
$74.3B
| $1.15M | ﹤0.01% |
138,234
-2,226
| -2% | -$18.3K |
|
4579
WisdomTree International High Dividend Fund
DTH
$662M
| $1.15M | ﹤0.01% |
31,455
+23,175
| +280% | +$871K |
|
4580
CALL
EPR Properties
EPR
$4.56B
| $1.15M | ﹤0.01% |
14,200
-5,300
| -27% | -$373K |
|
4581
Hexcel
HXL
$7.17B
| $1.15M | ﹤0.01% |
27,521
+454
| +2% | +$19.9K |
|
4582
Cambria Global Asset Allocation ETF
GAA
$75.5M
| $1.15M | ﹤0.01% |
46,819
+34,486
| +280% | +$831K |
|
|
ACOR
4583
CALL
DELISTED
Acorda Therapeutics
ACOR
| $1.15M | ﹤0.01% |
374
+61
| +19% | +$198K |
|
4584
Costamare
CMRE
$1.86B
| $1.14M | ﹤0.01% |
149,182
-12,205
| -8% | -$115K |
|
4585
CALL
Dolby
DLB
$5.76B
| $1.14M | ﹤0.01% |
+23,900
| New | +$1.09M |
|
4586
PUT
Sensata Technologies
ST
$5.97B
| $1.14M | ﹤0.01% |
32,800
-129,800
| -80% | -$4.74M |
|
|
ZIONZ
4587
DELISTED
Zions Bancorporation N.A. Warrants
ZIONZ
| $1.14M | ﹤0.01% |
1,167,000
| – | – |
|
|
EMBJ
4588
CALL
Embraer S.A. ADS
EMBJ
$12.9B
| $1.14M | ﹤0.01% |
52,600
-17,900
| -25% | -$402K |
|
4589
Direxion Daily Retail Bull 3X ETF
RETL
$25.7M
| $1.14M | ﹤0.01% |
73,830
+49,565
| +204% | +$740K |
|
4590
Cambria Shareholder Yield ETF
SYLD
$1.03B
| $1.14M | ﹤0.01% |
40,411
-24,297
| -38% | -$694K |
|
4591
ESCO Technologies
ESE
$7.18B
| $1.14M | ﹤0.01% |
28,560
| – | – |
|
4592
Freeport-McMoran
FCX
$110B
| $1.14M | ﹤0.01% |
102,300
-2,020,467
| -95% | -$22.4M |
|
|
FLG
4593
Flagstar Bank National Association
FLG
$5.58B
| $1.14M | ﹤0.01% |
25,366
-142,119
| -85% | -$6.47M |
|
4594
CALL
RPM International
RPM
$13.6B
| $1.14M | ﹤0.01% |
22,800
-19,600
| -46% | -$982K |
|
|
DM
4595
DELISTED
Dominion Energy Midstream Ptr LP
DM
| $1.14M | ﹤0.01% |
40,500
| – | – |
|
4596
CALL
Cerus
CERS
$534M
| $1.14M | ﹤0.01% |
182,400
+9,700
| +6% | +$57.7K |
|
|
DOOR
4597
PUT
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $1.14M | ﹤0.01% |
17,200
+12,700
| +282% | +$870K |
|
|
HNP
4598
DELISTED
Huaneng Power Intl, Inc.
HNP
| $1.14M | ﹤0.01% |
45,555
+31,855
| +233% | +$928K |
|
|
AHL
4599
DELISTED
ASPEN Insurance Holding Limited
AHL
| $1.14M | ﹤0.01% |
24,538
-64,215
| -72% | -$3M |
|
|
BEAT
4600
DELISTED
BioTelemetry, Inc.
BEAT
| $1.14M | ﹤0.01% |
+69,760
| New | +$1.03M |
|
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.