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 | |
|---|---|---|---|---|---|---|
201
CALL
Halliburton
HAL
$29.4B
| $158M | 0.08% |
3,490,500
+606,800
| +21% | +$25M |
|
202
PUT
Amgen
AMGN
$238B
| $157M | 0.08% |
1,034,100
-361,000
| -26% | -$56.1M |
|
203
PUT
Western Digital
WDC
$166B
| $151M | 0.08% |
4,233,203
+1,652,559
| +64% | +$54.4M |
|
|
PXD
204
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $151M | 0.08% |
997,100
+30,300
| +3% | +$4.75M |
|
|
205
PUT
Macy's
M
$6B
| $150M | 0.08% |
4,459,100
+1,503,500
| +51% | +$53.8M |
|
206
PUT
Eli Lilly
LLY
$1.12T
| $150M | 0.08% |
1,899,100
+8,700
| +0.5% | +$655K |
|
207
VanEck Gold Miners ETF
GDX
$31.8B
| $149M | 0.08% |
5,394,344
-3,434,143
| -39% | -$82.4M |
|
208
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $149M | 0.08% |
3,035,300
+1,004,900
| +49% | +$54.4M |
|
209
PUT
Qualcomm
QCOM
$169B
| $149M | 0.08% |
2,781,300
-948,200
| -25% | -$50M |
|
210
PUT
SLB Ltd
SLB
$79.9B
| $147M | 0.08% |
1,864,800
-347,200
| -16% | -$26.6M |
|
211
PUT
American Airlines Group
AAL
$9.15B
| $147M | 0.08% |
5,204,100
+2,651,800
| +104% | +$89.6M |
|
212
PUT
Bausch Health
BHC
$2.41B
| $146M | 0.08% |
7,253,000
-5,535,300
| -43% | -$157M |
|
213
PUT
Wynn Resorts
WYNN
$10.3B
| $146M | 0.08% |
1,607,100
-122,000
| -7% | -$11.6M |
|
|
B
214
PUT
Barrick Mining
B
$78.3B
| $142M | 0.08% |
6,644,900
+826,100
| +14% | +$14.7M |
|
215
CALL
Delta Air Lines
DAL
$54.2B
| $141M | 0.08% |
3,866,200
+819,300
| +27% | +$34.8M |
|
216
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $140M | 0.08% |
400,400
-104,300
| -21% | -$40.2M |
|
217
CALL
American Express
AXP
$227B
| $139M | 0.07% |
2,294,100
+516,400
| +29% | +$32.7M |
|
218
CALL
AB InBev
BUD
$155B
| $139M | 0.07% |
1,055,100
+599,100
| +131% | +$75.4M |
|
219
CALL
Occidental Petroleum
OXY
$61.3B
| $139M | 0.07% |
1,838,100
+264,200
| +17% | +$19.7M |
|
220
PUT
Altria Group
MO
$110B
| $139M | 0.07% |
2,011,300
+769,200
| +62% | +$49.3M |
|
|
PARA
221
CALL
DELISTED
Paramount Global Class B
PARA
| $139M | 0.07% |
2,546,400
+346,700
| +16% | +$18.8M |
|
222
CALL
Intuitive Surgical
ISRG
$134B
| $139M | 0.07% |
1,885,500
-811,800
| -30% | -$57.1M |
|
223
CALL
Medtronic
MDT
$119B
| $138M | 0.07% |
1,594,400
+449,800
| +39% | +$36.4M |
|
224
PUT
Union Pacific
UNP
$183B
| $138M | 0.07% |
1,581,300
-489,000
| -24% | -$41.4M |
|
225
PUT
Visa
V
$693B
| $137M | 0.07% |
1,846,200
+378,700
| +26% | +$29.7M |
|
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.