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 | |
|---|---|---|---|---|---|---|
176
PUT
Starbucks
SBUX
$122B
| $179M | 0.1% |
3,135,700
+69,400
| +2% | +$3.95M |
|
177
CALL
Altria Group
MO
$110B
| $178M | 0.1% |
2,584,900
+591,600
| +30% | +$37.9M |
|
178
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $178M | 0.1% |
4,559,000
-6,985,000
| -61% | -$275M |
|
|
DD
179
CALL
DELISTED
Du Pont De Nemours E I
DD
| $175M | 0.09% |
2,706,700
+311,800
| +13% | +$20.5M |
|
180
Chipotle Mexican Grill
CMG
$46.7B
| $175M | 0.09% |
21,716,400
+6,266,150
| +41% | +$54.5M |
|
181
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $175M | 0.09% |
6,653,400
+363,000
| +6% | +$8.95M |
|
182
PUT
Delta Air Lines
DAL
$54.2B
| $174M | 0.09% |
4,774,500
+2,640,300
| +124% | +$112M |
|
|
WBA
183
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $173M | 0.09% |
2,080,200
+1,039,400
| +100% | +$83.9M |
|
184
PUT
Blackstone
BX
$108B
| $173M | 0.09% |
7,053,700
-1,031,800
| -13% | -$27.4M |
|
185
CALL
Costco
COST
$420B
| $173M | 0.09% |
1,101,500
+74,300
| +7% | +$11.3M |
|
186
CALL
Micron Technology
MU
$1.09T
| $172M | 0.09% |
12,524,300
+715,000
| +6% | +$8.13M |
|
187
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $172M | 0.09% |
2,032,700
-10,000
| -0.5% | -$831K |
|
188
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $170M | 0.09% |
8,494,498
+300,963
| +4% | +$6.09M |
|
189
PUT
Herbalife
HLF
$1.33B
| $170M | 0.09% |
5,807,600
+1,120,800
| +24% | +$33.5M |
|
190
CALL
American International
AIG
$39.8B
| $170M | 0.09% |
3,211,400
+1,237,400
| +63% | +$68.3M |
|
191
CALL
PepsiCo
PEP
$196B
| $169M | 0.09% |
1,594,700
+505,100
| +46% | +$52.1M |
|
192
PUT
3M
MMM
$92.3B
| $167M | 0.09% |
1,140,745
+348,275
| +44% | +$49.1M |
|
193
CALL
Eli Lilly
LLY
$1.12T
| $167M | 0.09% |
2,114,900
+415,000
| +24% | +$31.2M |
|
194
PUT
Intel
INTC
$476B
| $166M | 0.09% |
5,068,000
-2,110,400
| -29% | -$66.1M |
|
195
CALL
ConocoPhillips
COP
$162B
| $164M | 0.09% |
3,765,400
+706,300
| +23% | +$31.1M |
|
196
Berkshire Hathaway Class B
BRK.B
$1.06T
| $163M | 0.09% |
1,125,797
-510,493
| -31% | -$73M |
|
197
PUT
General Motors
GM
$77.2B
| $162M | 0.09% |
5,740,200
-523,500
| -8% | -$15.9M |
|
|
AGN
198
DELISTED
Allergan plc
AGN
| $159M | 0.09% |
689,483
+128,274
| +23% | +$29.6M |
|
199
CALL
Direxion Daily Gold Miners Index Bull 2X ETF
NUGT
$1.53B
| $159M | 0.09% |
315,825
+98,100
| +45% | +$36M |
|
200
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $158M | 0.08% |
2,870,100
+2,534,700
| +756% | +$135M |
|
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.