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 | |
|---|---|---|---|---|---|---|
76
PUT
United States Oil Fund
USO
$2.24B
| $369M | 0.2% |
3,989,938
+1,252,338
| +46% | +$112M |
|
77
PUT
Microsoft
MSFT
$3.59T
| $369M | 0.2% |
7,204,400
-2,118,000
| -23% | -$110M |
|
78
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $365M | 0.2% |
4,249,500
+702,900
| +20% | +$63.1M |
|
79
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $359M | 0.19% |
2,580,250
+1,647,450
| +177% | +$226M |
|
80
CALL
Comcast
CMCSA
$95.3B
| $359M | 0.19% |
11,016,200
+933,200
| +9% | +$29M |
|
81
CALL
Walmart Inc
WMT
$825B
| $358M | 0.19% |
14,727,000
+7,557,000
| +105% | +$175M |
|
82
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $358M | 0.19% |
44,435,000
+2,125,000
| +5% | +$18.5M |
|
83
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $357M | 0.19% |
10,438,700
-5,311,400
| -34% | -$176M |
|
84
CALL
Chevron
CVX
$403B
| $355M | 0.19% |
3,387,100
-962,500
| -22% | -$96.8M |
|
85
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $354M | 0.19% |
2,444,500
-1,079,600
| -31% | -$154M |
|
|
86
PUT
Chevron
CVX
$403B
| $352M | 0.19% |
3,355,300
-708,100
| -17% | -$71.2M |
|
|
VXX
87
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $347M | 0.19% |
1,570,731
+743,225
| +90% | +$185M |
|
|
MON
88
CALL
DELISTED
Monsanto Co
MON
| $343M | 0.18% |
3,315,400
+1,452,900
| +78% | +$144M |
|
89
PUT
Boeing
BA
$169B
| $341M | 0.18% |
2,626,100
-1,181,800
| -31% | -$154M |
|
|
90
Gilead Sciences
GILD
$181B
| $338M | 0.18% |
4,051,228
+1,691,816
| +72% | +$150M |
|
91
CALL
Amgen
AMGN
$238B
| $338M | 0.18% |
2,221,100
+409,400
| +23% | +$63.7M |
|
|
QIHU
92
PUT
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $335M | 0.18% |
4,585,500
+687,000
| +18% | +$50.8M |
|
93
PUT
AT&T
T
$173B
| $333M | 0.18% |
10,200,493
-1,962,168
| -16% | -$58.4M |
|
94
CALL
Goldman Sachs
GS
$303B
| $314M | 0.17% |
2,116,300
+858,000
| +68% | +$134M |
|
95
PUT
Verizon
VZ
$205B
| $313M | 0.17% |
5,601,400
+1,098,400
| +24% | +$57M |
|
|
96
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $309M | 0.17% |
2,136,700
-94,600
| -4% | -$13.5M |
|
97
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $306M | 0.16% |
11,034,400
+1,139,700
| +12% | +$27.4M |
|
98
CALL
Wells Fargo
WFC
$254B
| $301M | 0.16% |
6,350,400
-84,600
| -1% | -$4.12M |
|
99
CALL
Intel
INTC
$476B
| $298M | 0.16% |
9,085,800
-253,100
| -3% | -$7.93M |
|
|
100
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $296M | 0.16% |
10,668,700
-2,543,300
| -19% | -$61M |
|
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.