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 | |
|---|---|---|---|---|---|---|
|
HCR
2451
CALL
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $4.13M | ﹤0.01% |
316,000
+125,000
| +65% | +$1.02M |
|
2452
H&R Block
HRB
$6.49B
| $4.13M | ﹤0.01% |
179,506
+73,958
| +70% | +$1.64M |
|
2453
Healthcare Services Group
HCSG
$1.57B
| $4.13M | ﹤0.01% |
99,679
-22,639
| -19% | -$869K |
|
2454
CALL
Entergy
ETR
$50B
| $4.12M | ﹤0.01% |
101,400
-121,000
| -54% | -$4.64M |
|
2455
CALL
Iron Mountain
IRM
$36.2B
| $4.12M | ﹤0.01% |
103,500
+39,700
| +62% | +$1.44M |
|
2456
PUT
Gaming and Leisure Properties
GLPI
$12.4B
| $4.12M | ﹤0.01% |
119,500
+94,100
| +370% | +$3.12M |
|
|
SVU
2457
PUT
DELISTED
SUPERVALU Inc.
SVU
| $4.11M | ﹤0.01% |
124,471
+78,114
| +169% | +$2.68M |
|
|
MLNX
2458
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $4.11M | ﹤0.01% |
85,634
+49,855
| +139% | +$2.37M |
|
|
CLR
2459
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $4.1M | ﹤0.01% |
90,667
-114,532
| -56% | -$4.5M |
|
2460
Assurant
AIZ
$14.2B
| $4.1M | ﹤0.01% |
47,498
+4,145
| +10% | +$348K |
|
2461
PUT
Patterson-UTI
PTEN
$4.48B
| $4.1M | ﹤0.01% |
192,100
+71,600
| +59% | +$1.35M |
|
2462
PUT
Lennox International
LII
$13.6B
| $4.09M | ﹤0.01% |
28,700
-11,700
| -29% | -$1.61M |
|
|
HAPN
2463
Happen Inc
HAPN
$2.12B
| $4.08M | ﹤0.01% |
189,640
+113,588
| +149% | +$3.27M |
|
2464
CALL
Itaú Unibanco
ITUB
$83.9B
| $4.07M | ﹤0.01% |
978,601
-1,121,055
| -53% | -$4.32M |
|
2465
PUT
Vanguard Total International Stock ETF
VXUS
$164B
| $4.07M | ﹤0.01% |
91,500
+85,300
| +1,376% | +$3.85M |
|
|
CSBK
2466
CALL
DELISTED
Clifton Bancorp Inc.
CSBK
| $4.07M | ﹤0.01% |
270,000
+120,000
| +80% | +$1.79M |
|
2467
PUT
Ligand Pharmaceuticals
LGND
$5.74B
| $4.07M | ﹤0.01% |
54,662
+7,373
| +16% | +$547K |
|
2468
PUT
Apollo Global Management
APO
$78.9B
| $4.06M | ﹤0.01% |
267,900
-92,200
| -26% | -$1.51M |
|
2469
Andersons Inc
ANDE
$2.22B
| $4.06M | ﹤0.01% |
114,184
-86,699
| -43% | -$2.84M |
|
2470
PUT
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $4.05M | ﹤0.01% |
114,600
+43,000
| +60% | +$1.55M |
|
2471
CALL
Halozyme
HALO
$12.2B
| $4.04M | ﹤0.01% |
468,300
-204,000
| -30% | -$2.01M |
|
|
FDC
2472
PUT
DELISTED
First Data Corporation
FDC
| $4.04M | ﹤0.01% |
365,000
+312,900
| +601% | +$3.76M |
|
2473
CALL
National Healthcare
NHC
$3.53B
| $4.04M | ﹤0.01% |
62,400
+18,900
| +43% | +$1.2M |
|
2474
State Street SPDR S&P 600 Small Cap Value ETF
SLYV
$5.05B
| $4.04M | ﹤0.01% |
80,636
+5,194
| +7% | +$256K |
|
2475
PUT
Euronet Worldwide
EEFT
$2.64B
| $4.03M | ﹤0.01% |
58,300
+35,200
| +152% | +$2.68M |
|
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 withdrew a net $15.2B in Q2 2016, closing 1,718 positions and reducing 3,507 holdings. Its most notable exit was iShares MSCI Emerging Markets ETF, an estimated $700M position sold in full.
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.
Against the trend, Jeff Yass opened a new position in Vanguard Long-Term Bond ETF worth $47.5M.
- 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.