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 | |
|---|---|---|---|---|---|---|
4601
Banco Macro
BMA
$4.86B
| $1.14M | ﹤0.01% |
15,302
-5,800
| -27% | -$381K |
|
4602
NovaGold Resources
NG
$3.84B
| $1.14M | ﹤0.01% |
185,680
+47,348
| +34% | +$282K |
|
4603
CALL
MDU Resources
MDU
$4.16B
| $1.14M | ﹤0.01% |
124,394
+73,637
| +145% | +$600K |
|
4604
Invesco Dorsey Wright SmallCap Momentum ETF
DWAS
$431M
| $1.13M | ﹤0.01% |
32,115
-13,005
| -29% | -$452K |
|
4605
Northwest Natural Holdings
NWN
$2.08B
| $1.13M | ﹤0.01% |
17,500
-900
| -5% | -$50.2K |
|
4606
CALL
Ligand Pharmaceuticals
LGND
$5.59B
| $1.13M | ﹤0.01% |
15,229
-24,205
| -61% | -$1.8M |
|
4607
CALL
Pinnacle Financial Partners Inc
PNFP
$15.3B
| $1.13M | ﹤0.01% |
23,200
+13,000
| +127% | +$637K |
|
|
XONE
4608
PUT
DELISTED
The ExOne Company
XONE
| $1.13M | ﹤0.01% |
107,200
-45,500
| -30% | -$514K |
|
|
FINU
4609
DELISTED
ProShares UltraPro Financial Select Sector
FINU
| $1.13M | ﹤0.01% |
+34,904
| New | +$1.18M |
|
4610
Dominion Energy
D
$57.7B
| $1.13M | ﹤0.01% |
14,500
-33,840
| -70% | -$2.46M |
|
|
XL
4611
PUT
DELISTED
XL Group Ltd.
XL
| $1.13M | ﹤0.01% |
33,900
+19,400
| +134% | +$662K |
|
|
CUB
4612
PUT
DELISTED
Cubic Corporation
CUB
| $1.13M | ﹤0.01% |
28,100
+17,000
| +153% | +$690K |
|
4613
CALL
Mercury Insurance
MCY
$5.7B
| $1.13M | ﹤0.01% |
21,200
+3,900
| +23% | +$205K |
|
4614
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$42B
| $1.13M | ﹤0.01% |
+45,198
| New | +$1.15M |
|
|
CALD
4615
PUT
DELISTED
Callidus Software, Inc.
CALD
| $1.13M | ﹤0.01% |
56,400
+2,100
| +4% | +$38K |
|
4616
CALL
WisdomTree US AI Enhanced Value Fund
AIVL
$431M
| $1.13M | ﹤0.01% |
14,600
+11,500
| +371% | +$864K |
|
4617
CALL
iShares Mortgage Real Estate ETF
REM
$537M
| $1.13M | ﹤0.01% |
+27,425
| New | +$1.1M |
|
4618
CALL
Vanguard Industrials ETF
VIS
$8.07B
| $1.13M | ﹤0.01% |
10,600
+4,000
| +61% | +$423K |
|
|
HEP
4619
PUT
DELISTED
Holly Energy Partners, L.P.
HEP
| $1.13M | ﹤0.01% |
32,500
+18,200
| +127% | +$615K |
|
4620
Infosys
INFY
$48.8B
| $1.13M | ﹤0.01% |
126,000
-37,856
| -23% | -$354K |
|
4621
CALL
Banco Santander
SAN
$213B
| $1.13M | ﹤0.01% |
299,374
+180,731
| +152% | +$785K |
|
4622
CALL
Invesco S&P 500 Low Volatility ETF
SPLV
$7.03B
| $1.13M | ﹤0.01% |
26,300
+6,100
| +30% | +$248K |
|
4623
Exelon
EXC
$45.3B
| $1.12M | ﹤0.01% |
43,364
-370,666
| -90% | -$9.17M |
|
|
RPTP
4624
DELISTED
RAPTOR PHARMACEUTICAL CORP COM STK (DE)
RPTP
| $1.12M | ﹤0.01% |
209,309
+190,518
| +1,014% | +$977K |
|
4625
CALL
Louisiana-Pacific
LPX
$4.98B
| $1.12M | ﹤0.01% |
64,700
+9,100
| +16% | +$160K |
|
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.