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 | |
|---|---|---|---|---|---|---|
|
IBDF
5976
DELISTED
iShares iBonds Dec 2016 Term Corporate ETF
IBDF
| $540K | ﹤0.01% |
+21,565
| New | +$541K |
|
|
EMSO
5977
DELISTED
EGSHARES EM STRATEGIC OPPORTUNITIES ETF
EMSO
| $540K | ﹤0.01% |
29,359
-3,867
| -12% | -$70.4K |
|
5978
PUT
Werner Enterprises
WERN
$2.3B
| $537K | ﹤0.01% |
+23,400
| New | +$584K |
|
|
CVGW
5979
CALL
DELISTED
Calavo Growers
CVGW
| $536K | ﹤0.01% |
8,000
+2,000
| +33% | +$119K |
|
5980
PUT
Dolby
DLB
$5.76B
| $536K | ﹤0.01% |
+11,200
| New | +$512K |
|
5981
CALL
iShares National Muni Bond ETF
MUB
$45.5B
| $536K | ﹤0.01% |
4,700
+1,900
| +68% | +$214K |
|
5982
Carnival Corporation Ltd
CCL
$33.9B
| $535K | ﹤0.01% |
12,100
-123,088
| -91% | -$6.04M |
|
|
SSNI
5983
PUT
DELISTED
Silver Spring Networks, Inc.
SSNI
| $535K | ﹤0.01% |
44,000
+31,100
| +241% | +$410K |
|
5984
CALL
Encore Capital Group
ECPG
$2.1B
| $534K | ﹤0.01% |
22,700
+12,000
| +112% | +$308K |
|
5985
CALL
Arrowhead Research
ARWR
$12B
| $533K | ﹤0.01% |
100,100
+38,200
| +62% | +$218K |
|
|
KYNB
5986
PUT
Kyntra Bio
KYNB
$32.5M
| $533K | ﹤0.01% |
1,300
-1,664
| -56% | -$762K |
|
|
AMU
5987
DELISTED
ETRACS Alerian MLP Index ETN
AMU
| $533K | ﹤0.01% |
26,707
-230,379
| -90% | -$4.32M |
|
|
HFXE
5988
DELISTED
IQ 50 Percent Hedged FTSE Europe ETF
HFXE
| $533K | ﹤0.01% |
31,225
| – | – |
|
5989
Colgate-Palmolive
CL
$72.3B
| $532K | ﹤0.01% |
7,266
-121,789
| -94% | -$8.67M |
|
5990
PUT
Vanguard Morningstar Mid-Cap ETF
VO
$109B
| $532K | ﹤0.01% |
17,200
-28,800
| -63% | -$880K |
|
5991
CALL
WisdomTree
WT
$3.7B
| $532K | ﹤0.01% |
54,300
-24,600
| -31% | -$271K |
|
|
DGI
5992
DELISTED
DigitalGlobe Inc.
DGI
| $532K | ﹤0.01% |
24,888
-31,291
| -56% | -$630K |
|
5993
CALL
Anavex Life Sciences
AVXL
$277M
| $531K | ﹤0.01% |
86,900
+48,300
| +125% | +$233K |
|
5994
ProShares Ultra MSCI EAFE
EFO
$29.1M
| $531K | ﹤0.01% |
19,656
+10,689
| +119% | +$302K |
|
5995
CALL
Ericsson
ERIC
$32.5B
| $531K | ﹤0.01% |
69,100
+53,100
| +332% | +$435K |
|
5996
PUT
Plexus
PLXS
$6.42B
| $531K | ﹤0.01% |
12,300
-2,200
| -15% | -$92.7K |
|
|
RSO
5997
PUT
DELISTED
Resource Capital Corp.
RSO
| $531K | ﹤0.01% |
41,300
+8,000
| +24% | +$98.2K |
|
5998
CALL
Itron
ITRI
$4.27B
| $530K | ﹤0.01% |
12,300
+800
| +7% | +$33.8K |
|
5999
ALPS O'Shares U.S. Quality Dividend ETF
OUSA
$756M
| $530K | ﹤0.01% |
19,138
+4,064
| +27% | +$109K |
|
6000
PUT
Progress Software
PRGS
$1.84B
| $530K | ﹤0.01% |
19,300
-4,200
| -18% | -$108K |
|
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.