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 | |
|---|---|---|---|---|---|---|
5351
CALL
Enovis
ENOV
$1.44B
| $770K | ﹤0.01% |
16,907
+6,042
| +56% | +$295K |
|
5352
FedEx
FDX
$78.3B
| $770K | ﹤0.01% |
5,070
+824
| +19% | +$134K |
|
|
LADR
5353
Ladder Capital
LADR
$1.25B
| $770K | ﹤0.01% |
63,554
+18,569
| +41% | +$223K |
|
5354
CALL
Ryman Hospitality Properties
RHP
$8.92B
| $770K | ﹤0.01% |
+15,200
| New | +$771K |
|
5355
Cenovus Energy
CVE
$58.2B
| $769K | ﹤0.01% |
55,660
+28,055
| +102% | +$406K |
|
5356
iShares Floating Rate Bond ETF
FLOT
$10.6B
| $769K | ﹤0.01% |
15,193
-59,325
| -80% | -$3M |
|
|
PZI
5357
DELISTED
Invesco Zacks Micro Cap ETF
PZI
| $767K | ﹤0.01% |
48,813
-84,190
| -63% | -$1.3M |
|
|
DBD
5358
DELISTED
Diebold Nixdorf Incorporated
DBD
| $766K | ﹤0.01% |
30,865
-21,250
| -41% | -$547K |
|
5359
PUT
Blackstone Mortgage Trust
BXMT
$2.31B
| $764K | ﹤0.01% |
27,600
-4,600
| -14% | -$127K |
|
5360
CALL
Safety Insurance
SAFT
$1.52B
| $764K | ﹤0.01% |
+12,400
| New | +$726K |
|
5361
Saia
SAIA
$9.37B
| $764K | ﹤0.01% |
+30,370
| New | +$808K |
|
|
TA
5362
PUT
DELISTED
TravelCenters of America LLC
TA
| $764K | ﹤0.01% |
18,720
+12,960
| +225% | +$472K |
|
5363
PUT
Arch Capital
ACGL
$33.7B
| $763K | ﹤0.01% |
31,800
-36,900
| -54% | -$871K |
|
5364
Banco Bradesco
BBD
$34.4B
| $763K | ﹤0.01% |
188,791
-218,203
| -54% | -$803K |
|
5365
PUT
Cognex
CGNX
$10.2B
| $763K | ﹤0.01% |
35,400
+17,400
| +97% | +$351K |
|
5366
Direxion Daily Energy Bear 2X ETF
ERY
$39.8M
| $763K | ﹤0.01% |
1,020
+115
| +13% | +$101K |
|
|
GES
5367
PUT
DELISTED
Guess Inc
GES
| $763K | ﹤0.01% |
50,700
+7,300
| +17% | +$121K |
|
5368
PennantPark Floating Rate Capital
PFLT
$733M
| $763K | ﹤0.01% |
61,538
| – | – |
|
5369
WPP
WPP
$5.57B
| $763K | ﹤0.01% |
7,300
-4,900
| -40% | -$560K |
|
|
FGL
5370
PUT
DELISTED
Fidelity & Guaranty Life
FGL
| $763K | ﹤0.01% |
+32,900
| New | +$813K |
|
|
MIK
5371
CALL
DELISTED
Michaels Stores, Inc
MIK
| $762K | ﹤0.01% |
26,800
-49,100
| -65% | -$1.39M |
|
|
IMMU
5372
DELISTED
Immunomedics Inc
IMMU
| $762K | ﹤0.01% |
+328,329
| New | +$1.1M |
|
|
SNBC
5373
CALL
DELISTED
Sun Bancorp Inc
SNBC
| $762K | ﹤0.01% |
36,900
-5,500
| -13% | -$117K |
|
5374
PUT
ProShares UltraShort Euro
EUO
$33.1M
| $761K | ﹤0.01% |
31,300
+10,000
| +47% | +$235K |
|
5375
CALL
Regal Rexnord
RRX
$10.5B
| $760K | ﹤0.01% |
13,800
+5,800
| +73% | +$349K |
|
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.