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 20+ Year Treasury Bond ETF
TLT
|
+$607M |
| 2 |
Apple
AAPL
|
+$361M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$214M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$208M |
| 5 |
Intel
INTC
|
+$169M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.73B |
| 2 |
Pfizer
PFE
|
+$887M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$696M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$433M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$320M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 86.04% |
| 2 | Technology | 3.9% |
| 3 | Financials | 1.72% |
| 4 | Consumer Discretionary | 1.47% |
| 5 | Energy | 1.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
Darden Restaurants
DRI
$24.5B
| $5.63M | ﹤0.01% |
135,997
+76,196
| +127% | +$3.31M |
|
2527
CALL
Chemed
CHE
$6.84B
| $5.62M | ﹤0.01% |
78,600
+11,100
| +16% | +$790K |
|
2528
CALL
Northern Trust
NTRS
$34.2B
| $5.62M | ﹤0.01% |
103,300
-30,100
| -23% | -$1.73M |
|
|
XCO
2529
PUT
DELISTED
Exco Resources
XCO
| $5.62M | ﹤0.01% |
56,185
+24,972
| +80% | +$2.87M |
|
|
HIMX
2530
Himax Technologies
HIMX
$2.38B
| $5.62M | ﹤0.01% |
561,631
+237,863
| +73% | +$1.69M |
|
2531
PUT
Paychex
PAYX
$45.2B
| $5.62M | ﹤0.01% |
138,200
-136,500
| -50% | -$5.39M |
|
|
LFC
2532
CALL
DELISTED
China Life Insurance Company Ltd.
LFC
| $5.62M | ﹤0.01% |
427,500
+270,600
| +172% | +$3.39M |
|
|
HAR
2533
PUT
DELISTED
Harman International Industries
HAR
| $5.62M | ﹤0.01% |
84,800
-181,300
| -68% | -$11.3M |
|
2534
CALL
Ventas
VTR
$47.1B
| $5.61M | ﹤0.01% |
79,864
-9,720
| -11% | -$721K |
|
2535
PUT
Canadian Solar
CSIQ
$892M
| $5.61M | ﹤0.01% |
329,900
+157,900
| +92% | +$2.11M |
|
2536
Fortinet
FTNT
$122B
| $5.6M | ﹤0.01% |
1,381,470
+638,910
| +86% | +$2.59M |
|
|
ARP
2537
PUT
DELISTED
ATLAS RESOURCE PARTNERS L P COM UIT REPSTG LTD PTNRS
ARP
| $5.59M | ﹤0.01% |
267,000
+140,900
| +112% | +$2.99M |
|
|
BKW
2538
PUT
DELISTED
BURGER KING WORLDWIDE
BKW
| $5.59M | ﹤0.01% |
286,300
+69,900
| +32% | +$1.38M |
|
2539
PUT
CarMax
KMX
$8.81B
| $5.59M | ﹤0.01% |
115,300
+46,700
| +68% | +$2.28M |
|
2540
Invesco Taxable Municipal Bond ETF
BAB
$944M
| $5.58M | ﹤0.01% |
204,653
+183,004
| +845% | +$5.03M |
|
2541
CALL
Kinross Gold
KGC
$37.1B
| $5.58M | ﹤0.01% |
1,105,400
-131,300
| -11% | -$695K |
|
|
2542
PUT
Chemed
CHE
$6.84B
| $5.58M | ﹤0.01% |
78,000
+24,500
| +46% | +$1.74M |
|
|
HNT
2543
PUT
DELISTED
HEALTH NET INC
HNT
| $5.57M | ﹤0.01% |
175,800
+80,800
| +85% | +$2.55M |
|
|
LNCO
2544
PUT
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
| $5.57M | ﹤0.01% |
190,900
+48,900
| +34% | +$1.42M |
|
|
CHMT
2545
DELISTED
Chemtura Corporation
CHMT
| $5.57M | ﹤0.01% |
242,111
-67,371
| -22% | -$1.52M |
|
|
KOG
2546
DELISTED
KODIAK OIL & GAS CORP
KOG
| $5.57M | ﹤0.01% |
461,390
-63,890
| -12% | -$641K |
|
2547
CALL
SAP
SAP
$256B
| $5.56M | ﹤0.01% |
75,200
-25,600
| -25% | -$1.89M |
|
|
KSU
2548
PUT
DELISTED
Kansas City Southern
KSU
| $5.55M | ﹤0.01% |
50,800
-13,300
| -21% | -$1.46M |
|
|
TSRO
2549
CALL
DELISTED
TESARO, Inc.
TSRO
| $5.55M | ﹤0.01% |
+143,200
| New | +$5.24M |
|
|
TGI
2550
PUT
DELISTED
Triumph Group
TGI
| $5.55M | ﹤0.01% |
79,000
+60,900
| +336% | +$4.7M |
|
Similar funds
Jeff Yass's Q3 2013 Portfolio in Review
As of Q3 2013, Jeff Yass held 9,320 positions worth $189B, up 7.4% from $176B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass withdrew a net $9.21B in Q3 2013, closing 982 positions and reducing 3,282 holdings. Its most notable exit was NEWS CORPORATION CL-A, an estimated $41.4M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 86% of assets, down from 87% a quarter earlier, followed by Technology and Financials.
Against the trend, Jeff Yass opened a new position in Invesco DB Commodity Index Tracking Fund worth $46.1M.
- Jeff Yass's largest Q3 2013 buy was Invesco DB Commodity Index Tracking Fund: 1,789,244 shares worth $46.1M.
- Jeff Yass added most to iShares 20+ Year Treasury Bond ETF in Q3 2013, an estimated $607M increase.
- Jeff Yass's biggest Q3 2013 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $6.73B.
- Jeff Yass fully exited NEWS CORPORATION CL-A in Q3 2013, selling an estimated $41.4M.
- Jeff Yass's ten largest holdings make up 24% of its $189B portfolio in Q3 2013.
- Jeff Yass opened 1,211 new positions and closed 982 in Q3 2013.
- Jeff Yass's portfolio value rose 7.4% quarter-over-quarter to $189B.
Based on Susquehanna International Group's 13F filing for Q3 2013, filed 13 Nov 2013.