JANE STREET GROUP, LLC Buys 4, Sells 1 in 2nd Quarter

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Aug 17, 2022
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JANE STREET GROUP, LLC recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

Jane Street Group operates as the holding company for Jane Street Capital. The company is one of the more secretive firms in operation with none of its employees’ salaries published and only one of its three original founders known, Tim Reynolds, who stepped down from his position at the firm in 2012. The company was cofounded by Tim Reynolds and three partners, who are unnamed, making up three traders and a technologist in 2000. The company started with recruiting engineers and programmers from various Ivy League schools to teach them to create computer programs for stock trading. The company moves around $4 to $8 billion in shares each day, which accounts for almost 2 percent of all U.S. stock trades. Jane Street Group today has offices located in New York, London, and Hong Kong, trading around the clock in a variety of financial products including Equities, Commodities, Futures, Options, Currencies, Bonds, and ETFs. The company is active in over 200 electronic exchanges and trading venues in around 40 countries around the world, engaging in over a million in total trades on a busy day alone. Jane Street Group has over 400 employees and is one of the largest providers of ETF liquidity in the world, quoting over 2,000 ETFs in real time. Jane Street Group has over 60 dedicated ETF traders that handle its trades of over $2.5 billion in ETFs daily. The company has won a variety of awards including the ETF Liquidity Provider of the Year Award in both U.S. and Europe, Best ETF Market Maker, Best ETF Liquidity Provider in the U.S., and Best North American ETF Market Maker in 2015 alone. The company highly emphasizes technology, creating in house solutions and sophisticated software. Jane Street Group is one of the only companies using OCaml, capitalizing on the fact that the language’s functional programming style allows it to easily be reviewed by non-programmer traders.

As of the latest 13F report, the guru’s equity portfolio contained 9554 stocks valued at a total of $235.53Bil. The top holdings were SPY(1.55%), JNK(0.58%), and EEM(0.53%).

According to GuruFocus data, these were JANE STREET GROUP, LLC’s top five trades of the quarter.

iShares MSCI Emerging Markets ETF


The guru established a new position worth 30,902,851 shares in ARCA:EEM, giving the stock a 0.53% weight in the equity portfolio. Shares traded for an average price of $41.73 during the quarter.

On 08/17/2022, iShares MSCI Emerging Markets ETF traded for a price of $40.85 per share and a market cap of $26.64Bil. The stock has returned -18.43% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares MSCI Emerging Markets ETF has a price-earnings ratio of 10.80 and a price-book ratio of 1.62.

S&P 500 ETF TRUST ETF


During the quarter, JANE STREET GROUP, LLC bought 3,030,099 shares of ARCA:SPY for a total holding of 9,694,328. The trade had a 0.48% impact on the equity portfolio. During the quarter, the stock traded for an average price of $408.8.

On 08/17/2022, S&P 500 ETF TRUST ETF traded for a price of $429.7 per share and a market cap of $393.96Bil. The stock has returned -2.50% over the past year.

GuruFocus gives the ETF a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, S&P 500 ETF TRUST ETF has a price-earnings ratio of 20.25, a price-book ratio of 3.86, a price-earnings-to-growth (PEG) ratio of 2.44, a EV-to-Ebitda ratio of 15.33 and a price-sales ratio of 3.04.

The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 6.

Vanguard Total International Bond ETF


During the quarter, JANE STREET GROUP, LLC bought 19,335,902 shares of NAS:BNDX for a total holding of 19,468,779. The trade had a 0.41% impact on the equity portfolio. During the quarter, the stock traded for an average price of $50.35.

On 08/17/2022, Vanguard Total International Bond ETF traded for a price of $50.89 per share and a market cap of $45.61Bil. The stock has returned -8.85% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Vanguard Total International Bond ETF has a price-earnings ratio of 5.38 and a price-book ratio of 1.74.

iShares Core MSCI EAFE ETF


The guru established a new position worth 15,175,749 shares in BATS:IEFA, giving the stock a 0.38% weight in the equity portfolio. Shares traded for an average price of $63.22 during the quarter.

On 08/17/2022, iShares Core MSCI EAFE ETF traded for a price of $62.69 per share and a market cap of $89.99Bil. The stock has returned -15.22% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares Core MSCI EAFE ETF has a price-earnings ratio of 12.39 and a price-book ratio of 1.50.

Vanguard FTSE Europe ETF


JANE STREET GROUP, LLC reduced their investment in ARCA:VGK by 12,939,886 shares. The trade had a 0.27% impact on the equity portfolio. During the quarter, the stock traded for an average price of $57.03.

On 08/17/2022, Vanguard FTSE Europe ETF traded for a price of $55.85 per share and a market cap of $15.93Bil. The stock has returned -17.11% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, Vanguard FTSE Europe ETF has a price-earnings ratio of 12.10 and a price-book ratio of 1.58.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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