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 | |
|---|---|---|---|---|---|---|
|
ELNK
7701
PUT
DELISTED
EarthLink Holdings Corp.
ELNK
| $174K | ﹤0.01% |
27,200
+10,400
| +62% | +$63.7K |
|
7702
PUT
CorMedix
CRMD
$651M
| $173K | ﹤0.01% |
17,380
+7,460
| +75% | +$114K |
|
7703
Park Aerospace
PKE
$716M
| $173K | ﹤0.01% |
11,900
-400
| -3% | -$6.33K |
|
|
HOS
7704
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $173K | ﹤0.01% |
20,685
-40,803
| -66% | -$388K |
|
|
WLB
7705
PUT
DELISTED
Westmoreland Coal Company
WLB
| $173K | ﹤0.01% |
18,200
-19,000
| -51% | -$151K |
|
|
WCIC
7706
DELISTED
WCI Communities, Inc.
WCIC
| $173K | ﹤0.01% |
+10,246
| New | +$175K |
|
|
FDC
7707
DELISTED
First Data Corporation
FDC
| $173K | ﹤0.01% |
+15,600
| New | +$187K |
|
|
DRD
7708
DRDGold
DRD
$2.61B
| $172K | ﹤0.01% |
29,121
+13,422
| +85% | +$66.4K |
|
7709
Microvision
MVIS
$57.5M
| $172K | ﹤0.01% |
6,827
-13,177
| -66% | -$367K |
|
7710
Vivani Medical
VANI
$128M
| $172K | ﹤0.01% |
2,004
+100
| +5% | +$10.4K |
|
|
XYZ
7711
Block Inc
XYZ
$51.3B
| $172K | ﹤0.01% |
+19,058
| New | +$215K |
|
7712
Heritage Insurance Holdings
HRTG
$1.02B
| $171K | ﹤0.01% |
14,291
-111,243
| -89% | -$1.48M |
|
7713
CALL
iShares Gold Trust
IAU
$68.4B
| $171K | ﹤0.01% |
+6,700
| New | +$163K |
|
7714
CALL
VirnetX Holding Corp
VHC
$54.4M
| $171K | ﹤0.01% |
2,140
-2,175
| -50% | -$199K |
|
7715
Clarus
CLAR
$143M
| $170K | ﹤0.01% |
+41,285
| New | +$177K |
|
7716
CALL
KRONOS Worldwide
KRO
$1.01B
| $170K | ﹤0.01% |
+32,400
| New | +$194K |
|
7717
PUT
NatWest
NWG
$73.1B
| $170K | ﹤0.01% |
+33,521
| New | +$235K |
|
7718
UBS Group
UBS
$167B
| $170K | ﹤0.01% |
13,127
-107,972
| -89% | -$1.65M |
|
|
CTT
7719
PUT
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $170K | ﹤0.01% |
+13,900
| New | +$154K |
|
|
KEYW
7720
PUT
DELISTED
The KEYW Holding Corporation
KEYW
| $170K | ﹤0.01% |
17,100
+7,100
| +71% | +$57.2K |
|
7721
CALL
Ardmore Shipping
ASC
$729M
| $169K | ﹤0.01% |
+25,000
| New | +$218K |
|
7722
PUT
Entravision Communication
EVC
$744M
| $169K | ﹤0.01% |
+25,100
| New | +$180K |
|
7723
PUT
Gran Tierra Energy
GTE
$354M
| $169K | ﹤0.01% |
4,990
-3,590
| -42% | -$104K |
|
7724
CALL
Interface
TILE
$2.2B
| $169K | ﹤0.01% |
+11,100
| New | +$189K |
|
|
YGE
7725
PUT
DELISTED
Yingli Green Energy Holding Comp
YGE
| $169K | ﹤0.01% |
41,700
+18,700
| +81% | +$77.2K |
|
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.