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 | |
|---|---|---|---|---|---|---|
601
CALL
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.53B
| $39.7M | 0.02% |
1,274,000
+306,700
| +32% | +$10.1M |
|
602
CALL
Workday
WDAY
$49.6B
| $39.4M | 0.02% |
527,000
-118,500
| -18% | -$9.03M |
|
603
CALL
Cheniere Energy
LNG
$57.2B
| $39.3M | 0.02% |
1,047,000
+300,800
| +40% | +$10.6M |
|
604
PUT
Canadian Pacific Kansas City
CP
$83B
| $39.2M | 0.02% |
1,523,500
+587,000
| +63% | +$15.8M |
|
605
PUT
Norfolk Southern
NSC
$78.7B
| $39.2M | 0.02% |
460,300
+97,400
| +27% | +$8.28M |
|
606
CALL
Tapestry
TPR
$26.3B
| $39.1M | 0.02% |
960,600
+191,600
| +25% | +$7.55M |
|
607
PUT
iShares Silver Trust
SLV
$33.6B
| $39M | 0.02% |
2,182,500
+277,500
| +15% | +$4.44M |
|
608
CALL
Jazz Pharmaceuticals
JAZZ
$16.3B
| $39M | 0.02% |
275,900
+101,500
| +58% | +$15M |
|
|
ANDV
609
PUT
DELISTED
Andeavor
ANDV
| $39M | 0.02% |
520,100
-91,000
| -15% | -$7.22M |
|
610
PUT
Signet Jewelers
SIG
$3.24B
| $38.8M | 0.02% |
471,200
+279,300
| +146% | +$28.4M |
|
|
ALXN
611
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $38.8M | 0.02% |
332,000
-74,700
| -18% | -$10.6M |
|
|
NBL
612
CALL
DELISTED
Noble Energy, Inc.
NBL
| $38.7M | 0.02% |
1,078,700
+469,200
| +77% | +$16.5M |
|
|
RAI
613
PUT
DELISTED
Reynolds American Inc
RAI
| $38.5M | 0.02% |
714,700
-600
| -0.1% | -$30.2K |
|
|
PNRA
614
PUT
DELISTED
Panera Bread Co
PNRA
| $38.4M | 0.02% |
181,100
-65,800
| -27% | -$14M |
|
615
CALL
Capri Holdings
CPRI
$1.55B
| $38M | 0.02% |
769,000
-155,800
| -17% | -$7.65M |
|
|
GWPH
616
CALL
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $37.8M | 0.02% |
412,400
+126,700
| +44% | +$10.7M |
|
617
CALL
Clorox
CLX
$13.1B
| $37.7M | 0.02% |
272,700
+39,000
| +17% | +$5.06M |
|
618
CALL
Sarepta Therapeutics
SRPT
$1.94B
| $37.7M | 0.02% |
1,974,900
+397,000
| +25% | +$7.35M |
|
619
Micron Technology
MU
$1.01T
| $37.6M | 0.02% |
2,735,800
-1,953,563
| -42% | -$22.2M |
|
|
MMP
620
CALL
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $37.6M | 0.02% |
494,300
+125,400
| +34% | +$8.89M |
|
621
PUT
Kimberly-Clark
KMB
$37.2B
| $37.5M | 0.02% |
273,000
+32,700
| +14% | +$4.28M |
|
622
PUT
Southwest Airlines
LUV
$19.9B
| $37.5M | 0.02% |
956,800
+352,000
| +58% | +$15.1M |
|
|
TPH
623
DELISTED
Tri Pointe Homes
TPH
| $37.4M | 0.02% |
3,167,944
-15,570
| -0.5% | -$182K |
|
|
PARA
624
PUT
DELISTED
Paramount Global Class B
PARA
| $37.4M | 0.02% |
687,200
-718,400
| -51% | -$39M |
|
|
PNRA
625
CALL
DELISTED
Panera Bread Co
PNRA
| $37.4M | 0.02% |
176,300
-12,700
| -7% | -$2.71M |
|
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.