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 | |
|---|---|---|---|---|---|---|
6176
CALL
CoStar Group
CSGP
$13.1B
| $481K | ﹤0.01% |
22,000
+4,000
| +22% | +$79.1K |
|
6177
CALL
NNN REIT
NNN
$8.77B
| $481K | ﹤0.01% |
9,300
-9,900
| -52% | -$459K |
|
6178
PUT
Enviri
NVRI
$628M
| $480K | ﹤0.01% |
72,300
+46,500
| +180% | +$303K |
|
6179
PUT
Paylocity
PCTY
$8.38B
| $480K | ﹤0.01% |
11,100
-5,000
| -31% | -$187K |
|
6180
CALL
SunCoke Energy
SXC
$862M
| $480K | ﹤0.01% |
82,500
+40,300
| +95% | +$254K |
|
6181
PUT
CubeSmart
CUBE
$9.01B
| $479K | ﹤0.01% |
+15,500
| New | +$483K |
|
6182
ProShares UltraShort Gold
GLL
$94.2M
| $479K | ﹤0.01% |
1,711
+1,046
| +157% | +$328K |
|
6183
PUT
Ingredion
INGR
$6.6B
| $479K | ﹤0.01% |
3,700
-3,000
| -45% | -$349K |
|
|
CONE
6184
PUT
DELISTED
CyrusOne Inc Common Stock
CONE
| $479K | ﹤0.01% |
8,600
+1,100
| +15% | +$53K |
|
6185
ProShares Ultra 7-10 Year Treasury
UST
$14.6M
| $478K | ﹤0.01% |
7,411
-45,869
| -86% | -$2.83M |
|
6186
ProShares UltraPro Short Russell2000
SRTY
$72.9M
| $477K | ﹤0.01% |
50
-73
| -59% | -$762K |
|
|
WBA
6187
DELISTED
Walgreens Boots Alliance
WBA
| $477K | ﹤0.01% |
5,727
-342,629
| -98% | -$27.6M |
|
6188
CALL
ProShares Ultra Dow30
DDM
$585M
| $476K | ﹤0.01% |
42,000
-48,600
| -54% | -$542K |
|
|
LTC
6189
PUT
LTC Properties
LTC
$2.19B
| $476K | ﹤0.01% |
+9,200
| New | +$438K |
|
6190
CALL
Trex
TREX
$4.66B
| $476K | ﹤0.01% |
42,400
-26,400
| -38% | -$298K |
|
6191
Global X Uranium ETF
URA
$6.39B
| $476K | ﹤0.01% |
33,464
-24,256
| -42% | -$354K |
|
|
INXN
6192
PUT
DELISTED
Interxion Holding N.V.
INXN
| $476K | ﹤0.01% |
12,900
-900
| -7% | -$31.9K |
|
|
AXDX
6193
DELISTED
Accelerate Diagnostics
AXDX
| $474K | ﹤0.01% |
3,297
-2,070
| -39% | -$278K |
|
6194
PUT
Bloomin' Brands
BLMN
$906M
| $474K | ﹤0.01% |
26,500
-58,200
| -69% | -$1.08M |
|
6195
PUT
Itron
ITRI
$4.27B
| $474K | ﹤0.01% |
+11,000
| New | +$464K |
|
6196
Tidewater
TDW
$4.61B
| $474K | ﹤0.01% |
3,333
-6,741
| -67% | -$1.38M |
|
6197
State Street SPDR S&P Oil & Gas Equipment & Services ETF
XES
$385M
| $474K | ﹤0.01% |
2,531
+1,330
| +111% | +$242K |
|
|
QVCGA
6198
CALL
DELISTED
QVC Group Inc Series A
QVCGA
| $474K | ﹤0.01% |
385
+37
| +11% | +$46.5K |
|
6199
PUT
Evercore
EVR
$11.2B
| $473K | ﹤0.01% |
+10,700
| New | +$533K |
|
|
MRC
6200
DELISTED
MRC Global
MRC
| $473K | ﹤0.01% |
33,272
-13,189
| -28% | -$183K |
|
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.