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 | |
|---|---|---|---|---|---|---|
101
PUT
Morgan Stanley
MS
$336B
| $293M | 0.16% |
11,296,600
-686,400
| -6% | -$18M |
|
102
PUT
Baidu
BIDU
$31.6B
| $293M | 0.16% |
1,772,600
-174,700
| -9% | -$30.7M |
|
|
MON
103
PUT
DELISTED
Monsanto Co
MON
| $292M | 0.16% |
2,819,300
+1,641,900
| +139% | +$163M |
|
104
CALL
Coca-Cola
KO
$392B
| $287M | 0.15% |
6,334,300
-410,800
| -6% | -$18.6M |
|
105
PUT
United Parcel Service
UPS
$86.8B
| $287M | 0.15% |
2,660,700
+1,197,300
| +82% | +$125M |
|
|
106
CALL
Baidu
BIDU
$31.6B
| $281M | 0.15% |
1,702,000
-396,000
| -19% | -$69.5M |
|
107
PUT
JPMorgan Chase
JPM
$935B
| $279M | 0.15% |
4,493,000
-830,900
| -16% | -$51.9M |
|
108
CALL
Boeing
BA
$169B
| $274M | 0.15% |
2,112,100
+158,700
| +8% | +$20.7M |
|
109
CALL
Caterpillar
CAT
$381B
| $274M | 0.15% |
3,617,200
-915,600
| -20% | -$68.6M |
|
110
PUT
Humana
HUM
$45.5B
| $273M | 0.15% |
1,518,000
+1,023,400
| +207% | +$182M |
|
111
CALL
Pfizer
PFE
$160B
| $273M | 0.15% |
8,168,922
+972,948
| +14% | +$31.1M |
|
|
112
PUT
Pfizer
PFE
$160B
| $271M | 0.15% |
8,122,229
-4,878,650
| -38% | -$156M |
|
113
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $270M | 0.14% |
772,100
+144,100
| +23% | +$55.5M |
|
114
CALL
Broadcom
AVGO
$1.75T
| $267M | 0.14% |
17,155,000
+2,131,000
| +14% | +$32.5M |
|
115
CALL
McDonald's
MCD
$192B
| $265M | 0.14% |
2,204,500
-1,384,100
| -39% | -$173M |
|
|
SHPG
116
CALL
DELISTED
Shire pic
SHPG
| $262M | 0.14% |
1,425,500
+984,600
| +223% | +$178M |
|
117
PUT
Nike
NKE
$60.5B
| $262M | 0.14% |
4,753,100
+2,431,700
| +105% | +$139M |
|
118
Synchrony
SYF
$25.9B
| $262M | 0.14% |
10,364,092
-7,270,617
| -41% | -$212M |
|
|
SHPG
119
PUT
DELISTED
Shire pic
SHPG
| $261M | 0.14% |
1,417,600
+1,073,200
| +312% | +$194M |
|
|
VXX
120
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $260M | 0.14% |
1,179,194
+353,038
| +43% | +$88M |
|
|
LNKD
121
CALL
DELISTED
LinkedIn Corporation
LNKD
| $259M | 0.14% |
1,366,000
+344,200
| +34% | +$47.7M |
|
122
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $256M | 0.14% |
12,737,475
+529,019
| +4% | +$10.7M |
|
123
CALL
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $252M | 0.14% |
926,800
-91,600
| -9% | -$24.5M |
|
124
PUT
FedEx
FDX
$76.9B
| $243M | 0.13% |
1,602,300
+755,600
| +89% | +$123M |
|
125
CALL
Cisco
CSCO
$438B
| $242M | 0.13% |
8,443,800
-10,300
| -0.1% | -$289K |
|
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.