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 | |
|---|---|---|---|---|---|---|
1051
PUT
Applied Materials
AMAT
$384B
| $17.6M | 0.01% |
735,600
+165,000
| +29% | +$3.64M |
|
1052
PUT
Alaska Air
ALK
$4.64B
| $17.6M | 0.01% |
302,100
+120,300
| +66% | +$8.31M |
|
1053
CALL
Acadia Pharmaceuticals
ACAD
$5.11B
| $17.6M | 0.01% |
542,100
-234,000
| -30% | -$7.83M |
|
1054
iShares MSCI EAFE ETF
EFA
$79.9B
| $17.6M | 0.01% |
314,941
-1,200,998
| -79% | -$69.1M |
|
1055
PUT
O'Reilly Automotive
ORLY
$73.4B
| $17.5M | 0.01% |
970,500
-247,500
| -20% | -$4.38M |
|
1056
Ares Capital
ARCC
$14.4B
| $17.5M | 0.01% |
1,233,938
+735,535
| +148% | +$10.9M |
|
|
SPLK
1057
PUT
DELISTED
Splunk Inc
SPLK
| $17.5M | 0.01% |
323,300
+25,200
| +8% | +$1.33M |
|
1058
CALL
Strategy Inc
MSTR
$48.7B
| $17.4M | 0.01% |
997,000
+274,000
| +38% | +$5.05M |
|
1059
Markel Group
MKL
$22.5B
| $17.4M | 0.01% |
18,294
+11,654
| +176% | +$10.9M |
|
1060
PUT
Invesco DB US Dollar Index Bullish Fund
UUP
$322M
| $17.4M | 0.01% |
700,400
+69,600
| +11% | +$1.7M |
|
1061
Schwab Fundamental International Large Company Index ETF
FNDF
$26B
| $17.4M | 0.01% |
732,704
+391,248
| +115% | +$9.36M |
|
|
1062
PUT
Markel Group
MKL
$22.5B
| $17.3M | 0.01% |
18,200
-5,500
| -23% | -$5.12M |
|
1063
PUT
Hilton Worldwide
HLT
$74.3B
| $17.3M | 0.01% |
256,533
+11,333
| +5% | +$743K |
|
|
TIF
1064
CALL
DELISTED
Tiffany & Co.
TIF
| $17.3M | 0.01% |
285,600
-187,300
| -40% | -$12.4M |
|
1065
Prudential Financial
PRU
$42.3B
| $17.3M | 0.01% |
242,548
-100,572
| -29% | -$7.59M |
|
1066
GoPro
GPRO
$111M
| $17.3M | 0.01% |
1,598,233
+6,079
| +0.4% | +$67.4K |
|
1067
CALL
T. Rowe Price
TROW
$24B
| $17.3M | 0.01% |
236,400
+61,400
| +35% | +$4.57M |
|
1068
CALL
Allstate
ALL
$65.8B
| $17.2M | 0.01% |
245,300
-190,800
| -44% | -$12.8M |
|
1069
Edwards Lifesciences
EW
$52.2B
| $17.1M | 0.01% |
+515,589
| New | +$17.6M |
|
1070
CALL
RH
RH
$2.71B
| $17.1M | 0.01% |
597,200
+186,600
| +45% | +$6.68M |
|
1071
Wynn Resorts
WYNN
$10.2B
| $17.1M | 0.01% |
188,726
-18,327
| -9% | -$1.74M |
|
1072
CALL
Tenet Healthcare
THC
$22.4B
| $17M | 0.01% |
616,600
-190,900
| -24% | -$5.64M |
|
1073
BHP
BHP
$247B
| $17M | 0.01% |
668,498
+452,371
| +209% | +$11.3M |
|
1074
PUT
Restaurant Brands International
QSR
$28.4B
| $17M | 0.01% |
409,400
+242,200
| +145% | +$10M |
|
1075
CALL
Becton Dickinson
BDX
$52B
| $17M | 0.01% |
102,603
-19,987
| -16% | -$3.2M |
|
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.