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 | |
|---|---|---|---|---|---|---|
51
CALL
Walt Disney
DIS
$186B
| $548M | 0.29% |
5,607,200
-984,800
| -15% | -$98.5M |
|
|
52
PUT
Walt Disney
DIS
$186B
| $523M | 0.28% |
5,350,300
-714,100
| -12% | -$71.4M |
|
53
PUT
McDonald's
MCD
$192B
| $522M | 0.28% |
4,335,800
+1,441,500
| +50% | +$181M |
|
54
PUT
Goldman Sachs
GS
$303B
| $510M | 0.27% |
3,431,000
+661,000
| +24% | +$103M |
|
55
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $509M | 0.27% |
2,840,700
-1,588,200
| -36% | -$282M |
|
56
CALL
United Parcel Service
UPS
$86.8B
| $503M | 0.27% |
4,665,800
-1,240,200
| -21% | -$129M |
|
57
PUT
Alibaba
BABA
$286B
| $497M | 0.27% |
6,245,600
-2,099,300
| -25% | -$164M |
|
58
CALL
JPMorgan Chase
JPM
$935B
| $492M | 0.26% |
7,915,800
-1,128,700
| -12% | -$70.5M |
|
|
59
PUT
SPDR Gold Trust
GLD
$152B
| $464M | 0.25% |
3,671,000
+650,700
| +22% | +$78.3M |
|
|
60
Citigroup
C
$221B
| $464M | 0.25% |
10,940,938
+4,566,104
| +72% | +$202M |
|
|
61
SPDR Gold Trust
GLD
$152B
| $463M | 0.25% |
3,656,722
+3,113,382
| +573% | +$375M |
|
62
CALL
Procter & Gamble
PG
$336B
| $457M | 0.25% |
5,399,500
-1,190,100
| -18% | -$97.7M |
|
63
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $440M | 0.24% |
7,880,900
+4,025,700
| +104% | +$232M |
|
64
CALL
Verizon
VZ
$205B
| $439M | 0.24% |
7,867,200
-908,000
| -10% | -$47.1M |
|
|
65
CALL
Gilead Sciences
GILD
$181B
| $438M | 0.23% |
5,248,800
-1,047,900
| -17% | -$93M |
|
66
CALL
Johnson & Johnson
JNJ
$651B
| $437M | 0.23% |
3,599,100
+331,500
| +10% | +$37.7M |
|
|
67
PUT
Johnson & Johnson
JNJ
$651B
| $426M | 0.23% |
3,515,000
-180,100
| -5% | -$20.5M |
|
68
CALL
T-Mobile US
TMUS
$196B
| $422M | 0.23% |
9,760,500
+8,918,200
| +1,059% | +$366M |
|
|
CELG
69
CALL
DELISTED
Celgene Corp
CELG
| $402M | 0.22% |
4,075,500
+784,300
| +24% | +$81.1M |
|
70
CALL
Bank of America
BAC
$431B
| $389M | 0.21% |
29,308,200
+14,059,300
| +92% | +$198M |
|
71
CALL
IBM
IBM
$222B
| $383M | 0.21% |
2,642,614
-572,372
| -18% | -$81.9M |
|
72
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $383M | 0.21% |
4,522,800
+343,100
| +8% | +$28.5M |
|
73
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$345M
| $378M | 0.2% |
3,497,700
+2,905,600
| +491% | +$320M |
|
|
74
PUT
Procter & Gamble
PG
$336B
| $374M | 0.2% |
4,418,100
-385,900
| -8% | -$31.7M |
|
75
PUT
Biogen
BIIB
$32B
| $374M | 0.2% |
1,546,600
+28,200
| +2% | +$7.43M |
|
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.