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 | |
|---|---|---|---|---|---|---|
4976
PUT
LSB Industries
LXU
$748M
| $943K | ﹤0.01% |
101,530
-7,540
| -7% | -$75.2K |
|
4977
Photronics
PLAB
$1.64B
| $943K | ﹤0.01% |
105,839
+49,751
| +89% | +$494K |
|
|
OSG
4978
PUT
Octave Specialty Group
OSG
$209M
| $942K | ﹤0.01% |
57,200
+40,400
| +240% | +$648K |
|
|
KNL
4979
DELISTED
Knoll, Inc.
KNL
| $941K | ﹤0.01% |
38,773
-21,013
| -35% | -$493K |
|
|
DISCK
4980
CALL
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $940K | ﹤0.01% |
+39,400
| New | +$1.04M |
|
4981
CALL
Hercules Capital
HTGC
$3.27B
| $939K | ﹤0.01% |
75,600
+48,100
| +175% | +$584K |
|
4982
CALL
Grand Canyon Education
LOPE
$3.94B
| $938K | ﹤0.01% |
23,500
+10,000
| +74% | +$422K |
|
4983
CALL
Carter's
CRI
$1.23B
| $937K | ﹤0.01% |
8,800
-9,800
| -53% | -$1.01M |
|
4984
CALL
Rayonier
RYN
$6.06B
| $937K | ﹤0.01% |
39,350
+2,425
| +7% | +$55.7K |
|
4985
CALL
UFP Industries
UFPI
$4.74B
| $936K | ﹤0.01% |
30,300
-10,200
| -25% | -$287K |
|
4986
PUT
iShares Core US Aggregate Bond ETF
AGG
$138B
| $935K | ﹤0.01% |
8,300
-8,800
| -51% | -$977K |
|
|
DHIL
4987
DELISTED
Diamond Hill
DHIL
| $935K | ﹤0.01% |
4,961
+1,580
| +47% | +$286K |
|
4988
CALL
CGI
GIB
$15.5B
| $935K | ﹤0.01% |
21,900
-2,100
| -9% | -$97.1K |
|
4989
State Street SPDR Portfolio S&P 500 High Dividend ETF
SPYD
$7.7B
| $933K | ﹤0.01% |
+27,840
| New | +$905K |
|
4990
CALL
NETGEAR
NTGR
$573M
| $932K | ﹤0.01% |
19,600
+1,300
| +7% | +$55.9K |
|
4991
CALL
PRA Group
PRAA
$721M
| $932K | ﹤0.01% |
38,600
-20,000
| -34% | -$559K |
|
4992
PUT
Under Armour Class C
UA
$2.12B
| $932K | ﹤0.01% |
+25,600
| New | +$944K |
|
4993
CALL
Pacific Biosciences
PACB
$435M
| $929K | ﹤0.01% |
132,100
-66,600
| -34% | -$608K |
|
4994
Watsco Inc
WSO
$12.8B
| $929K | ﹤0.01% |
6,600
| – | – |
|
4995
ProShares Ultra MSCI Emerging Markets
EET
$38.7M
| $928K | ﹤0.01% |
18,715
-4,674
| -20% | -$222K |
|
4996
iShares Currency Hedged MSCI EAFE ETF
HEFA
$7.51B
| $928K | ﹤0.01% |
38,712
+23,717
| +158% | +$570K |
|
|
CNXM
4997
CALL
DELISTED
CNX Midstream Partners LP
CNXM
| $928K | ﹤0.01% |
53,500
+26,700
| +100% | +$408K |
|
|
ULQ
4998
DELISTED
CLAYMORE US CAPITAL MARKETS MICRO-TERM FIXED INCOME ETF
ULQ
| $928K | ﹤0.01% |
18,550
-52,274
| -74% | -$2.62M |
|
4999
PUT
Compañía de Minas Buenaventura
BVN
$8.92B
| $927K | ﹤0.01% |
77,600
+52,400
| +208% | +$507K |
|
5000
PUT
Exelixis
EXEL
$13.5B
| $927K | ﹤0.01% |
118,700
-52,800
| -31% | -$304K |
|
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.