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 | |
|---|---|---|---|---|---|---|
151
CALL
Home Depot
HD
$335B
| $207M | 0.11% |
1,624,600
-34,900
| -2% | -$4.61M |
|
152
CALL
Humana
HUM
$45.5B
| $207M | 0.11% |
1,148,900
+789,300
| +219% | +$140M |
|
|
LNKD
153
PUT
DELISTED
LinkedIn Corporation
LNKD
| $205M | 0.11% |
1,083,500
+61,400
| +6% | +$8.51M |
|
154
CALL
SLB Ltd
SLB
$79.9B
| $204M | 0.11% |
2,580,900
+111,400
| +5% | +$8.54M |
|
155
CALL
Marathon Petroleum
MPC
$101B
| $200M | 0.11% |
5,274,300
+3,843,900
| +269% | +$141M |
|
156
CALL
Mastercard
MA
$509B
| $198M | 0.11% |
2,243,900
+280,700
| +14% | +$26.8M |
|
|
TWTR
157
DELISTED
Twitter, Inc.
TWTR
| $196M | 0.11% |
11,618,040
+253,888
| +2% | +$3.96M |
|
158
Amazon
AMZN
$2.79T
| $196M | 0.1% |
5,469,460
-9,900,620
| -64% | -$335M |
|
159
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $195M | 0.1% |
6,457,100
-3,566,700
| -36% | -$98.4M |
|
160
CALL
Qualcomm
QCOM
$169B
| $194M | 0.1% |
3,625,300
+606,700
| +20% | +$32M |
|
161
CALL
Merck
MRK
$376B
| $194M | 0.1% |
3,523,271
-213,478
| -6% | -$11.4M |
|
162
PUT
Costco
COST
$420B
| $193M | 0.1% |
1,232,000
+432,300
| +54% | +$65.5M |
|
163
PUT
PepsiCo
PEP
$196B
| $192M | 0.1% |
1,815,100
+717,500
| +65% | +$74M |
|
164
CALL
Biogen
BIIB
$32B
| $191M | 0.1% |
790,700
-236,700
| -23% | -$62.4M |
|
165
CALL
Philip Morris
PM
$293B
| $190M | 0.1% |
1,867,400
+360,800
| +24% | +$36M |
|
|
CELG
166
PUT
DELISTED
Celgene Corp
CELG
| $190M | 0.1% |
1,923,600
-56,300
| -3% | -$5.82M |
|
|
167
PUT
Home Depot
HD
$335B
| $189M | 0.1% |
1,480,100
-33,800
| -2% | -$4.47M |
|
168
PUT
Coca-Cola
KO
$392B
| $189M | 0.1% |
4,163,600
+145,400
| +4% | +$6.57M |
|
|
YHOO
169
CALL
DELISTED
Yahoo Inc
YHOO
| $188M | 0.1% |
4,993,300
-509,200
| -9% | -$18.8M |
|
170
PUT
BP
BP
$115B
| $185M | 0.1% |
6,201,457
+808,653
| +15% | +$21.8M |
|
171
PUT
Intuitive Surgical
ISRG
$134B
| $185M | 0.1% |
2,519,100
-127,800
| -5% | -$8.99M |
|
172
CALL
Target
TGT
$75.1B
| $185M | 0.1% |
2,646,500
+693,400
| +36% | +$51.7M |
|
|
WBA
173
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $184M | 0.1% |
2,212,000
+124,500
| +6% | +$10M |
|
174
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $183M | 0.1% |
3,640,500
+155,200
| +4% | +$8.26M |
|
175
CALL
American Airlines Group
AAL
$9.15B
| $182M | 0.1% |
6,431,300
+686,000
| +12% | +$23.2M |
|
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.