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 |
iShares Russell 2000 ETF
IWM
|
+$580M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$256M |
| 3 |
iShares Russell 2000 Growth ETF
IWO
|
+$200M |
| 4 |
Cheniere Energy
LNG
|
+$147M |
| 5 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$889M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$332M |
| 3 |
HIG.WS
Hartford Financial Services Grp
HIG.WS
|
+$329M |
| 4 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$231M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$191M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.62% |
| 2 | Financials | 1.79% |
| 3 | Consumer Discretionary | 1.58% |
| 4 | Energy | 1.56% |
| 5 | Communication Services | 1.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $153M | 0.07% |
926,900
-659,600
| -42% | -$104M |
|
227
eBay
EBAY
$46.3B
| $151M | 0.07% |
6,520,328
+4,593,699
| +238% | +$102M |
|
228
Teva Pharmaceuticals
TEVA
$43.5B
| $150M | 0.07% |
3,753,485
+1,024,680
| +38% | +$40.3M |
|
229
CALL
First Solar
FSLR
$23B
| $150M | 0.07% |
2,748,400
-169,000
| -6% | -$9.24M |
|
230
PUT
CF Industries
CF
$19.6B
| $149M | 0.07% |
3,206,500
-176,000
| -5% | -$7.7M |
|
|
231
PUT
Cheniere Energy
LNG
$57.3B
| $148M | 0.07% |
3,439,200
+2,272,400
| +195% | +$90.5M |
|
|
ONIT
232
PUT
Onity Group
ONIT
$301M
| $148M | 0.07% |
178,233
+144,073
| +422% | +$119M |
|
233
CALL
Bristol-Myers Squibb
BMY
$137B
| $147M | 0.07% |
2,771,100
+30,800
| +1% | +$1.57M |
|
234
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $147M | 0.07% |
535,650
+61,875
| +13% | +$16.9M |
|
235
PUT
MetLife
MET
$60B
| $145M | 0.07% |
3,010,326
+20,196
| +0.7% | +$905K |
|
236
PUT
EOG Resources
EOG
$80.3B
| $144M | 0.07% |
1,721,800
+293,200
| +21% | +$25.1M |
|
237
PUT
Blackrock
BLK
$179B
| $144M | 0.07% |
456,500
-53,800
| -11% | -$16.1M |
|
238
CALL
Caterpillar
CAT
$381B
| $144M | 0.07% |
1,586,100
+382,700
| +32% | +$32.7M |
|
|
DISH
239
CALL
DELISTED
DISH Network Corp.
DISH
| $143M | 0.07% |
2,465,600
+378,500
| +18% | +$19.4M |
|
240
PUT
Walt Disney
DIS
$186B
| $142M | 0.07% |
1,864,000
+199,700
| +12% | +$13.8M |
|
241
Gilead Sciences
GILD
$181B
| $142M | 0.07% |
1,893,733
+607,295
| +47% | +$42.3M |
|
242
Visteon
VC
$2.83B
| $141M | 0.07% |
1,720,055
-13,657
| -0.8% | -$1.05M |
|
|
GRA
243
PUT
DELISTED
W.R. Grace & Co.
GRA
| $141M | 0.06% |
1,421,400
+1,127,200
| +383% | +$105M |
|
244
PUT
Halliburton
HAL
$29.4B
| $140M | 0.06% |
2,751,500
+811,000
| +42% | +$41.9M |
|
|
CELG
245
DELISTED
Celgene Corp
CELG
| $139M | 0.06% |
1,646,116
-714,718
| -30% | -$56.6M |
|
246
CALL
UnitedHealth
UNH
$350B
| $139M | 0.06% |
1,845,000
+450,200
| +32% | +$32.3M |
|
247
PUT
Home Depot
HD
$335B
| $139M | 0.06% |
1,686,900
-391,400
| -19% | -$30.5M |
|
248
CALL
Bank of America
BAC
$431B
| $138M | 0.06% |
8,889,000
-1,477,900
| -14% | -$21.9M |
|
249
PUT
Transocean
RIG
$6.61B
| $137M | 0.06% |
2,776,800
+835,300
| +43% | +$40.9M |
|
|
PCYC
250
CALL
DELISTED
PHARMACYCLICS INC
PCYC
| $137M | 0.06% |
1,294,200
+799,100
| +161% | +$97M |
|
Similar funds
Jeff Yass's Q4 2013 Portfolio in Review
As of Q4 2013, Jeff Yass held 9,880 positions worth $217B, up 15% from $189B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $9.58B of net new capital in Q4 2013, opening 1,544 new positions and adding to 3,872 existing holdings. Its largest new stake was American Airlines Group: 1,433,148 shares worth $36.2M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, down from 3.9% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $889M trimmed.
- Jeff Yass's largest Q4 2013 buy was American Airlines Group: 1,433,148 shares worth $36.2M.
- Jeff Yass added most to iShares Russell 2000 ETF in Q4 2013, an estimated $580M increase.
- Jeff Yass's biggest Q4 2013 reduction was Apple, cutting an estimated $889M.
- Jeff Yass fully exited Hartford Financial Services Grp in Q4 2013, selling an estimated $329M.
- Jeff Yass's ten largest holdings make up 24% of its $217B portfolio in Q4 2013.
- Jeff Yass opened 1,544 new positions and closed 949 in Q4 2013.
- Jeff Yass's portfolio value rose 15% quarter-over-quarter to $217B.
Based on Susquehanna International Group's 13F filing for Q4 2013, filed 13 Feb 2014.