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 | |
|---|---|---|---|---|---|---|
7651
PUT
Etsy
ETSY
$7.64B
| $183K | ﹤0.01% |
+19,100
| New | +$170K |
|
|
NADL
7652
CALL
DELISTED
North Atlantic Drilling Ltd
NADL
| $183K | ﹤0.01% |
27,100
+10,700
| +65% | +$42.8K |
|
|
STL
7653
DELISTED
Sterling Bancorp
STL
| $183K | ﹤0.01% |
+11,653
| New | +$187K |
|
7654
Compass Diversified
CODI
$852M
| $182K | ﹤0.01% |
10,988
+308
| +3% | +$4.95K |
|
7655
Griffon
GFF
$4.5B
| $182K | ﹤0.01% |
+10,779
| New | +$175K |
|
7656
PUT
Ocular Therapeutix
OCUL
$2.37B
| $182K | ﹤0.01% |
36,700
+22,600
| +160% | +$224K |
|
7657
Grupo SIMEC
SIM
$4.65B
| $182K | ﹤0.01% |
24,874
| – | – |
|
7658
TG Therapeutics
TGTX
$8.55B
| $182K | ﹤0.01% |
30,023
-87,688
| -74% | -$713K |
|
7659
CALL
Lattice Semiconductor
LSCC
$17B
| $181K | ﹤0.01% |
33,800
-12,000
| -26% | -$66.9K |
|
|
SCU
7660
PUT
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $181K | ﹤0.01% |
4,760
-4,300
| -47% | -$167K |
|
|
CRCM
7661
PUT
DELISTED
CARE.COM, INC.
CRCM
| $181K | ﹤0.01% |
+15,500
| New | +$119K |
|
7662
CALL
Comtech Telecommunications
CMTL
$53.6M
| $180K | ﹤0.01% |
14,000
+3,500
| +33% | +$73.4K |
|
7663
PUT
CNO Financial Group
CNO
$5.13B
| $180K | ﹤0.01% |
+10,300
| New | +$194K |
|
7664
Daktronics
DAKT
$949M
| $180K | ﹤0.01% |
28,855
+8,960
| +45% | +$67.5K |
|
7665
PUT
CPI Card Group
PMTS
$335M
| $180K | ﹤0.01% |
7,180
| – | – |
|
7666
Veracyte
VCYT
$3.63B
| $180K | ﹤0.01% |
35,707
-6,437
| -15% | -$34.5K |
|
|
AREX
7667
PUT
DELISTED
Approach Resources Inc.
AREX
| $180K | ﹤0.01% |
85,500
-55,800
| -39% | -$126K |
|
|
CCC
7668
CALL
DELISTED
Calgon Carbon Corp
CCC
| $180K | ﹤0.01% |
13,700
+2,500
| +22% | +$37K |
|
|
IMH
7669
PUT
DELISTED
Impac Mortgage Holdings Inc.
IMH
| $180K | ﹤0.01% |
+11,500
| New | +$166K |
|
7670
CALL
BioCryst Pharmaceuticals
BCRX
$2.53B
| $179K | ﹤0.01% |
63,200
+41,100
| +186% | +$128K |
|
|
FITB
7671
Fifth Third Bancorp
FITB
$49.7B
| $179K | ﹤0.01% |
10,191
-48,716
| -83% | -$874K |
|
7672
PUT
Mercer International
MERC
$26.3M
| $179K | ﹤0.01% |
22,400
+11,200
| +100% | +$99.2K |
|
7673
SiriusPoint
SPNT
$2.8B
| $179K | ﹤0.01% |
+15,268
| New | +$173K |
|
|
VCRA
7674
CALL
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $179K | ﹤0.01% |
+13,900
| New | +$167K |
|
|
VVUS
7675
PUT
DELISTED
Vivus Inc
VVUS
| $179K | ﹤0.01% |
15,940
-1,190
| -7% | -$16.4K |
|
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.