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 | |
|---|---|---|---|---|---|---|
5076
PUT
Penske Automotive Group
PAG
$14.2B
| $887K | ﹤0.01% |
28,200
+19,300
| +217% | +$705K |
|
5077
Teleflex
TFX
$5.92B
| $887K | ﹤0.01% |
5,000
-7,800
| -61% | -$1.27M |
|
5078
PUT
Veeva Systems
VEEV
$44.8B
| $887K | ﹤0.01% |
26,000
-14,800
| -36% | -$440K |
|
|
ECOM
5079
CALL
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $887K | ﹤0.01% |
61,200
+2,200
| +4% | +$28.2K |
|
5080
PUT
Calumet Specialty Products
CLMT
$4.2B
| $886K | ﹤0.01% |
180,900
+84,200
| +87% | +$477K |
|
|
CPHD
5081
CALL
DELISTED
Cepheid Inc
CPHD
| $886K | ﹤0.01% |
28,800
+9,900
| +52% | +$299K |
|
5082
Coeur Mining
CDE
$21.7B
| $885K | ﹤0.01% |
83,000
-61,330
| -42% | -$482K |
|
5083
PUT
McCormick & Company Non-Voting
MKC
$14.9B
| $885K | ﹤0.01% |
16,600
-7,400
| -31% | -$361K |
|
5084
MGIC Investment
MTG
$6.36B
| $885K | ﹤0.01% |
148,686
-215,111
| -59% | -$1.47M |
|
5085
Archer Daniels Midland
ADM
$39.3B
| $884K | ﹤0.01% |
20,600
-327,724
| -94% | -$13.1M |
|
5086
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.58B
| $884K | ﹤0.01% |
+17,670
| New | +$883K |
|
|
IDLB
5087
DELISTED
Invesco FTSE International Low Beta Equal Weight ETF
IDLB
| $884K | ﹤0.01% |
36,273
-5,190
| -13% | -$129K |
|
5088
PUT
TechnipFMC
FTI
$29.7B
| $883K | ﹤0.01% |
44,486
-3,898
| -8% | -$80.6K |
|
|
NTRI
5089
DELISTED
NutriSystem, Inc.
NTRI
| $883K | ﹤0.01% |
34,818
+23,843
| +217% | +$575K |
|
5090
CALL
Adtran
ADTN
$629M
| $882K | ﹤0.01% |
47,300
-4,700
| -9% | -$89.5K |
|
|
AMRN
5091
Amarin Corp
AMRN
$295M
| $882K | ﹤0.01% |
20,420
+7,884
| +63% | +$296K |
|
5092
Ambev
ABEV
$44.1B
| $881K | ﹤0.01% |
149,102
-105,281
| -41% | -$565K |
|
|
WIRE
5093
DELISTED
Encore Wire Corp
WIRE
| $881K | ﹤0.01% |
+23,628
| New | +$907K |
|
|
SGMO
5094
CALL
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $880K | ﹤0.01% |
151,900
-16,600
| -10% | -$106K |
|
|
ALDW
5095
PUT
DELISTED
Alon USA Partners LP
ALDW
| $880K | ﹤0.01% |
87,200
+72,300
| +485% | +$740K |
|
5096
ProShares Trust UltraShort MSCI Japan
EWV
$5.17M
| $879K | ﹤0.01% |
4,450
+1,975
| +80% | +$392K |
|
5097
PUT
iShares US Financial Services ETF
IYG
$2.23B
| $879K | ﹤0.01% |
32,700
+900
| +3% | +$25.1K |
|
5098
Northern Trust iBoxx 5-Year Target Duration TIPS ETF
TDTF
$1.04B
| $879K | ﹤0.01% |
+34,271
| New | +$868K |
|
|
SSNI
5099
DELISTED
Silver Spring Networks, Inc.
SSNI
| $879K | ﹤0.01% |
72,380
-5,847
| -7% | -$77.1K |
|
5100
PUT
Andersons Inc
ANDE
$2.19B
| $878K | ﹤0.01% |
24,700
-19,400
| -44% | -$634K |
|
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.