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 | |
|---|---|---|---|---|---|---|
4701
iShares 10-20 Year Treasury Bond ETF
TLH
$11B
| $1.09M | ﹤0.01% |
7,423
-1,142
| -13% | -$162K |
|
4702
PUT
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24.3B
| $1.09M | ﹤0.01% |
12,200
+9,500
| +352% | +$836K |
|
4703
California Water Service
CWT
$3.12B
| $1.09M | ﹤0.01% |
31,100
-6,026
| -16% | -$177K |
|
4704
Tower Semiconductor
TSEM
$23.5B
| $1.09M | ﹤0.01% |
87,404
-48,474
| -36% | -$584K |
|
|
ENV
4705
CALL
DELISTED
ENVESTNET, INC.
ENV
| $1.09M | ﹤0.01% |
32,600
+24,700
| +313% | +$797K |
|
4706
CALL
BOK Financial
BOKF
$8.35B
| $1.08M | ﹤0.01% |
17,300
-4,900
| -22% | -$291K |
|
4707
PUT
Kayne Anderson Energy Infrastructure Fund
KYN
$2.51B
| $1.08M | ﹤0.01% |
+53,300
| New | +$964K |
|
4708
CALL
Pricesmart
PSMT
$5.23B
| $1.08M | ﹤0.01% |
11,600
+1,100
| +10% | +$95.6K |
|
4709
PUT
JB Hunt Transport Services
JBHT
$24.5B
| $1.08M | ﹤0.01% |
13,400
+6,500
| +94% | +$536K |
|
4710
PUT
MaxLinear
MXL
$5.6B
| $1.08M | ﹤0.01% |
60,300
-100
| -0.2% | -$1.86K |
|
|
FRGI
4711
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $1.08M | ﹤0.01% |
49,699
+33,345
| +204% | +$941K |
|
4712
First Trust Dividend Strength ETF
FTDS
$39.9M
| $1.08M | ﹤0.01% |
44,225
+12,163
| +38% | +$300K |
|
|
MTSC
4713
CALL
DELISTED
MTS Systems Corp
MTSC
| $1.08M | ﹤0.01% |
24,700
+19,500
| +375% | +$981K |
|
4714
Cisco
CSCO
$433B
| $1.08M | ﹤0.01% |
37,700
-55,869
| -60% | -$1.57M |
|
4715
Vanguard S&P Mid-Cap 400 Value ETF
IVOV
$1.34B
| $1.08M | ﹤0.01% |
22,232
+16,716
| +303% | +$798K |
|
4716
Korn Ferry
KFY
$4.43B
| $1.08M | ﹤0.01% |
52,198
+27,001
| +107% | +$739K |
|
|
AMED
4717
DELISTED
Amedisys
AMED
| $1.08M | ﹤0.01% |
21,392
+8,047
| +60% | +$406K |
|
4718
Air Products & Chemicals
APD
$68.6B
| $1.08M | ﹤0.01% |
8,216
-10,767
| -57% | -$1.43M |
|
|
SMEZ
4719
DELISTED
SPDR EURO STOXX Small Cap ETF
SMEZ
| $1.08M | ﹤0.01% |
24,988
-700
| -3% | -$33.1K |
|
|
BHR
4720
Braemar Hotels & Resorts
BHR
$139M
| $1.08M | ﹤0.01% |
+77,100
| New | +$921K |
|
4721
PUT
Century Aluminum
CENX
$4.61B
| $1.08M | ﹤0.01% |
170,400
+60,600
| +55% | +$426K |
|
4722
Ball Corp
BALL
$16.9B
| $1.08M | ﹤0.01% |
29,800
-324,804
| -92% | -$11.8M |
|
|
ACIA
4723
DELISTED
Acacia Communications Inc
ACIA
| $1.08M | ﹤0.01% |
+26,966
| New | +$987K |
|
|
AET
4724
DELISTED
Aetna Inc
AET
| $1.08M | ﹤0.01% |
8,818
-426,830
| -98% | -$49M |
|
4725
Lennar Class B
LEN.B
$20.5B
| $1.08M | ﹤0.01% |
+30,987
| New | +$1.06M |
|
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.