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 | |
|---|---|---|---|---|---|---|
26
Bank of America
BAC
$431B
| $962M | 0.52% |
72,531,078
-1,340,694
| -2% | -$18.8M |
|
|
AGN
27
PUT
DELISTED
Allergan plc
AGN
| $948M | 0.51% |
4,102,500
+920,300
| +29% | +$212M |
|
28
CALL
Alibaba
BABA
$286B
| $906M | 0.49% |
11,397,800
-2,081,700
| -15% | -$163M |
|
|
29
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $897M | 0.48% |
26,104,400
-4,528,900
| -15% | -$152M |
|
|
30
PUT
Citigroup
C
$221B
| $860M | 0.46% |
20,291,800
+9,077,000
| +81% | +$401M |
|
31
CALL
GE Aerospace
GE
$361B
| $831M | 0.45% |
5,511,329
+30,089
| +0.5% | +$4.39M |
|
|
32
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $819M | 0.44% |
23,832,500
-2,101,100
| -8% | -$70.5M |
|
33
CALL
Kinder Morgan
KMI
$69B
| $771M | 0.41% |
41,175,700
+24,367,100
| +145% | +$434M |
|
34
CALL
Visa
V
$693B
| $770M | 0.41% |
10,383,600
+8,546,500
| +465% | +$669M |
|
|
35
CALL
Citigroup
C
$221B
| $718M | 0.39% |
16,940,400
-2,349,100
| -12% | -$104M |
|
36
CALL
ExxonMobil
XOM
$679B
| $708M | 0.38% |
7,548,700
+897,900
| +14% | +$79.4M |
|
37
CALL
Netflix
NFLX
$331B
| $702M | 0.38% |
76,713,000
+10,699,000
| +16% | +$103M |
|
|
38
PUT
Gilead Sciences
GILD
$181B
| $653M | 0.35% |
7,823,800
+391,600
| +5% | +$34.8M |
|
39
PUT
IBM
IBM
$222B
| $636M | 0.34% |
4,385,983
+259,304
| +6% | +$37.1M |
|
|
AGN
40
CALL
DELISTED
Allergan plc
AGN
| $633M | 0.34% |
2,740,600
+1,022,400
| +60% | +$236M |
|
41
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $627M | 0.34% |
77,890,000
-1,905,000
| -2% | -$16.6M |
|
42
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $617M | 0.33% |
11,055,000
+5,271,700
| +91% | +$303M |
|
43
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $615M | 0.33% |
3,435,100
+522,800
| +18% | +$92.8M |
|
44
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $608M | 0.33% |
17,776,800
+5,615,500
| +46% | +$187M |
|
|
45
PUT
ExxonMobil
XOM
$679B
| $604M | 0.32% |
6,440,000
-6,745,800
| -51% | -$596M |
|
46
CALL
Microsoft
MSFT
$3.59T
| $578M | 0.31% |
11,292,400
-2,689,400
| -19% | -$140M |
|
|
47
PUT
Netflix
NFLX
$331B
| $575M | 0.31% |
62,904,000
-7,278,000
| -10% | -$69.9M |
|
|
48
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $569M | 0.31% |
2,716,800
-35,109,907
| -93% | -$7.28B |
|
49
CALL
AT&T
T
$173B
| $564M | 0.3% |
17,277,141
-826,441
| -5% | -$24.6M |
|
50
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $555M | 0.3% |
6,738,700
+5,425,400
| +413% | +$425M |
|
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.