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 | |
|---|---|---|---|---|---|---|
|
SYNT
5701
CALL
DELISTED
Syntel Inc
SYNT
| $634K | ﹤0.01% |
14,000
+7,700
| +122% | +$348K |
|
|
OME
5702
CALL
DELISTED
Omega Protein
OME
| $634K | ﹤0.01% |
31,700
-16,700
| -35% | -$312K |
|
|
QIWI
5703
PUT
DELISTED
QIWI PLC
QIWI
| $634K | ﹤0.01% |
48,400
+30,800
| +175% | +$405K |
|
5704
PUT
Asbury Automotive
ABG
$3.8B
| $633K | ﹤0.01% |
12,000
-16,200
| -57% | -$909K |
|
5705
PUT
Bankunited
BKU
$3.3B
| $633K | ﹤0.01% |
20,600
-21,700
| -51% | -$722K |
|
5706
PUT
Watsco Inc
WSO
$12.8B
| $633K | ﹤0.01% |
4,500
-2,100
| -32% | -$282K |
|
|
QLGC
5707
PUT
DELISTED
QLOGIC CORP
QLGC
| $632K | ﹤0.01% |
+42,900
| New | +$583K |
|
5708
PUT
Korn Ferry
KFY
$4.43B
| $631K | ﹤0.01% |
30,500
+16,000
| +110% | +$438K |
|
|
EMAG
5709
DELISTED
VanEck Vectors Emerging Markets Aggregate Bond ETF
EMAG
| $631K | ﹤0.01% |
+29,702
| New | +$625K |
|
5710
iShares CMBS ETF
CMBS
$472M
| $630K | ﹤0.01% |
11,850
-1,159
| -9% | -$60.7K |
|
5711
Pitney Bowes
PBI
$2.36B
| $630K | ﹤0.01% |
35,400
-149,699
| -81% | -$2.88M |
|
5712
PennyMac Financial
PFSI
$3.81B
| $630K | ﹤0.01% |
50,448
+31,691
| +169% | +$411K |
|
|
SCS
5713
CALL
DELISTED
Steelcase
SCS
| $630K | ﹤0.01% |
46,400
+2,200
| +5% | +$33.3K |
|
|
ANTH
5714
PUT
DELISTED
Anthera Pharmaceuticals, Inc.
ANTH
| $630K | ﹤0.01% |
25,488
+23,025
| +935% | +$650K |
|
5715
PUT
Invesco CurrencyShares Swiss Franc Trust
FXF
$381M
| $629K | ﹤0.01% |
+6,400
| New | +$634K |
|
5716
OneMain Financial
OMF
$7.23B
| $629K | ﹤0.01% |
+27,573
| New | +$780K |
|
5717
Civeo
CVEO
$342M
| $627K | ﹤0.01% |
29,006
+21,903
| +308% | +$448K |
|
|
DBS
5718
DELISTED
Invesco DB Silver Fund
DBS
| $627K | ﹤0.01% |
21,089
+3,320
| +19% | +$88.8K |
|
|
CPHD
5719
PUT
DELISTED
Cepheid Inc
CPHD
| $627K | ﹤0.01% |
20,400
+3,500
| +21% | +$106K |
|
5720
CALL
Andersons Inc
ANDE
$2.19B
| $626K | ﹤0.01% |
17,600
-21,100
| -55% | -$690K |
|
5721
Invesco Zacks Mid-Cap ETF
CZA
$184M
| $626K | ﹤0.01% |
12,347
-13,732
| -53% | -$689K |
|
5722
iShares US Oil Equipment & Services ETF
IEZ
$386M
| $626K | ﹤0.01% |
16,221
+8,848
| +120% | +$332K |
|
5723
PUT
Inogen
INGN
$146M
| $626K | ﹤0.01% |
12,500
-7,800
| -38% | -$372K |
|
5724
CALL
Sonoco
SON
$5.58B
| $626K | ﹤0.01% |
12,600
+6,300
| +100% | +$299K |
|
5725
ProShares Short 20+ Year Treasury ETF
TBF
$107M
| $626K | ﹤0.01% |
29,729
+9,845
| +50% | +$219K |
|
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.