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 | |
|---|---|---|---|---|---|---|
576
CALL
Intercontinental Exchange
ICE
$91.1B
| $42.5M | 0.02% |
830,500
+203,500
| +32% | +$10.3M |
|
577
CALL
Kimberly-Clark
KMB
$37.3B
| $42.4M | 0.02% |
308,600
-25,300
| -8% | -$3.31M |
|
578
CALL
Southern Company
SO
$103B
| $42.3M | 0.02% |
788,000
+86,900
| +12% | +$4.37M |
|
579
CALL
Parker-Hannifin
PH
$127B
| $42.2M | 0.02% |
390,400
+198,900
| +104% | +$22.3M |
|
580
CALL
Direxion Daily Small Cap Bear 3x ETF
TZA
$244M
| $42.2M | 0.02% |
2,928
+540
| +23% | +$8.58M |
|
581
PUT
NetEase
NTES
$79.7B
| $42M | 0.02% |
1,086,000
-485,000
| -31% | -$15.1M |
|
582
PUT
TripAdvisor
TRIP
$1.2B
| $41.9M | 0.02% |
651,000
+60,900
| +10% | +$3.95M |
|
583
CALL
Emerson Electric
EMR
$87.3B
| $41.8M | 0.02% |
801,600
-227,800
| -22% | -$12.1M |
|
584
PUT
Capital One
COF
$136B
| $41.7M | 0.02% |
656,800
-34,000
| -5% | -$2.37M |
|
585
PUT
Vale
VALE
$63.7B
| $41.7M | 0.02% |
8,236,900
-812,400
| -9% | -$3.8M |
|
586
Target
TGT
$77B
| $41.6M | 0.02% |
595,698
+457,674
| +332% | +$34.1M |
|
587
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.1B
| $41.6M | 0.02% |
1,084,300
+313,300
| +41% | +$12.4M |
|
588
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.9B
| $41.3M | 0.02% |
230,619
+142,094
| +161% | +$25.2M |
|
589
PUT
Marriott International
MAR
$94.2B
| $41.1M | 0.02% |
618,500
-103,200
| -14% | -$6.92M |
|
590
PUT
HSBC
HSBC
$357B
| $41.1M | 0.02% |
1,473,451
+221,220
| +18% | +$6.26M |
|
|
ANDV
591
CALL
DELISTED
Andeavor
ANDV
| $41.1M | 0.02% |
548,600
+65,900
| +14% | +$5.23M |
|
592
Baxter International
BAX
$13.6B
| $41M | 0.02% |
906,532
-539,348
| -37% | -$23.7M |
|
593
CALL
Diamondback Energy
FANG
$58.8B
| $40.9M | 0.02% |
448,900
-197,200
| -31% | -$17M |
|
|
MRO
594
CALL
DELISTED
Marathon Oil Corporation
MRO
| $40.8M | 0.02% |
2,719,300
+727,600
| +37% | +$9.61M |
|
|
BHI
595
CALL
DELISTED
Baker Hughes
BHI
| $40.3M | 0.02% |
893,500
+25,200
| +3% | +$1.14M |
|
596
PUT
Diageo
DEO
$53.5B
| $40.3M | 0.02% |
357,200
+271,000
| +314% | +$29.3M |
|
597
PUT
eBay
EBAY
$47.1B
| $40.1M | 0.02% |
1,711,800
-224,100
| -12% | -$5.41M |
|
598
Western Digital
WDC
$153B
| $40M | 0.02% |
1,120,437
+392,608
| +54% | +$12.9M |
|
599
Kinder Morgan
KMI
$68.7B
| $40M | 0.02% |
2,134,280
-1,470,317
| -41% | -$26.2M |
|
600
PUT
Hershey
HSY
$38B
| $39.8M | 0.02% |
350,800
+160,100
| +84% | +$15M |
|
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.