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 | |
|---|---|---|---|---|---|---|
7026
CALL
UGI
UGI
$8.2B
| $285K | ﹤0.01% |
6,300
-13,800
| -69% | -$582K |
|
7027
United Rentals
URI
$64.6B
| $285K | ﹤0.01% |
4,240
-175,511
| -98% | -$11.5M |
|
|
GCAP
7028
CALL
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $285K | ﹤0.01% |
45,100
+27,500
| +156% | +$183K |
|
7029
Bright Horizons
BFAM
$3.62B
| $284K | ﹤0.01% |
4,279
-13,501
| -76% | -$879K |
|
7030
PUT
Dorchester Minerals
DMLP
$1.41B
| $284K | ﹤0.01% |
19,700
+9,700
| +97% | +$129K |
|
7031
John B. Sanfilippo & Son
JBSS
$865M
| $284K | ﹤0.01% |
6,655
-13,275
| -67% | -$723K |
|
7032
CALL
State Street SPDR S&P Insurance ETF
KIE
$707M
| $284K | ﹤0.01% |
12,000
-42,600
| -78% | -$1M |
|
7033
PUT
LivePerson
LPSN
$34.4M
| $284K | ﹤0.01% |
+2,987
| New | +$286K |
|
7034
PUT
Wabash National
WNC
$539M
| $284K | ﹤0.01% |
+22,400
| New | +$301K |
|
7035
PUT
Chegg
CHGG
$89M
| $283K | ﹤0.01% |
56,500
+2,500
| +5% | +$11.6K |
|
7036
Myriad Genetics
MYGN
$304M
| $283K | ﹤0.01% |
9,242
-90,015
| -91% | -$3.13M |
|
7037
Owens Corning
OC
$11.4B
| $283K | ﹤0.01% |
5,500
-7,920
| -59% | -$394K |
|
|
SAFE
7038
PUT
Safehold
SAFE
$1.09B
| $283K | ﹤0.01% |
6,060
+1,232
| +26% | +$58K |
|
7039
SL Green Realty
SLG
$4.1B
| $283K | ﹤0.01% |
2,742
-4,517
| -62% | -$444K |
|
7040
PUT
Thomson Reuters
TRI
$45.4B
| $283K | ﹤0.01% |
6,032
-3,274
| -35% | -$156K |
|
|
FXCB
7041
DELISTED
FOX CHASE BANCORP INC COM STK (MD)
FXCB
| $283K | ﹤0.01% |
+13,929
| New | +$277K |
|
7042
Best Buy
BBY
$17.6B
| $282K | ﹤0.01% |
9,229
-12,740
| -58% | -$401K |
|
7043
Builders FirstSource
BLDR
$7.23B
| $282K | ﹤0.01% |
25,038
-133,412
| -84% | -$1.54M |
|
|
CSGS
7044
PUT
DELISTED
CSG Systems International
CSGS
| $282K | ﹤0.01% |
7,000
+100
| +1% | +$4.29K |
|
7045
Kayne Anderson Energy Infrastructure Fund
KYN
$2.5B
| $282K | ﹤0.01% |
+13,875
| New | +$251K |
|
7046
Invesco International Dividend Achievers ETF
PID
$910M
| $282K | ﹤0.01% |
20,036
-82,235
| -80% | -$1.16M |
|
|
ORAN
7047
DELISTED
Orange
ORAN
| $282K | ﹤0.01% |
17,200
-122,730
| -88% | -$2.05M |
|
7048
Arrow Dow Jones Global Yield ETF
GYLD
$39.1M
| $281K | ﹤0.01% |
15,057
-10,000
| -40% | -$184K |
|
7049
La-Z-Boy
LZB
$1.31B
| $281K | ﹤0.01% |
+10,092
| New | +$264K |
|
7050
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
| $281K | ﹤0.01% |
+9,171
| New | +$279K |
|
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.