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 | Technology | 3.9% |
| 2 | Financials | 1.72% |
| 3 | Consumer Discretionary | 1.47% |
| 4 | Energy | 1.36% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
PUT
Occidental Petroleum
OXY
$61.3B
| $120M | 0.06% |
1,339,684
-378,264
| -22% | -$32.5M |
|
252
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $120M | 0.06% |
528,374
-578,164
| -52% | -$129M |
|
|
VXX
253
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $119M | 0.06% |
126,873
-12,352
| -9% | -$12.4M |
|
254
CALL
AT&T
T
$173B
| $119M | 0.06% |
4,659,950
+1,063,039
| +30% | +$27.9M |
|
255
PUT
Salesforce
CRM
$171B
| $119M | 0.06% |
2,288,300
-378,700
| -14% | -$17.2M |
|
256
NOV
NOV
$7.28B
| $118M | 0.06% |
1,676,242
+589,542
| +54% | +$39.5M |
|
257
PUT
3M
MMM
$92.3B
| $118M | 0.06% |
1,180,452
+54,657
| +5% | +$5.31M |
|
258
PUT
Colgate-Palmolive
CL
$72.6B
| $118M | 0.06% |
1,983,900
-3,010,900
| -60% | -$178M |
|
259
CALL
Vodafone
VOD
$36.9B
| $117M | 0.06% |
3,274,774
-136,163
| -4% | -$4.3M |
|
260
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $117M | 0.06% |
375,200
+7,600
| +2% | +$2M |
|
261
CALL
First Solar
FSLR
$23B
| $117M | 0.06% |
2,917,400
+882,000
| +43% | +$37.3M |
|
262
Las Vegas Sands
LVS
$30.5B
| $117M | 0.06% |
1,762,762
-976,694
| -36% | -$56.6M |
|
263
BP
BP
$115B
| $117M | 0.06% |
3,404,559
+211,688
| +7% | +$7.26M |
|
264
CALL
Yelp
YELP
$1.27B
| $117M | 0.06% |
1,767,300
+1,103,600
| +166% | +$56.5M |
|
265
PUT
American Express
AXP
$227B
| $116M | 0.06% |
1,541,000
+811,200
| +111% | +$61M |
|
266
PUT
Blackstone
BX
$108B
| $116M | 0.06% |
4,751,393
+305,802
| +7% | +$6.81M |
|
267
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $116M | 0.06% |
3,069,300
+251,900
| +9% | +$9.83M |
|
268
Visa
V
$693B
| $115M | 0.06% |
2,412,708
+1,448,620
| +150% | +$66.9M |
|
|
QCOR
269
PUT
DELISTED
QUESTCOR PHARMA INC
QCOR
| $115M | 0.06% |
1,982,700
+594,700
| +43% | +$35.3M |
|
270
Coca-Cola
KO
$392B
| $115M | 0.06% |
3,033,262
+1,681,369
| +124% | +$66.5M |
|
|
ESRX
271
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $114M | 0.06% |
1,851,000
+542,700
| +41% | +$35.1M |
|
272
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $114M | 0.06% |
2,447,000
+1,117,200
| +84% | +$50.5M |
|
273
CALL
ConocoPhillips
COP
$162B
| $113M | 0.06% |
1,627,700
+59,600
| +4% | +$3.98M |
|
274
PUT
HP
HPQ
$27.2B
| $113M | 0.06% |
11,839,493
+3,578,029
| +43% | +$39.5M |
|
|
275
CALL
Regeneron Pharmaceuticals
REGN
$85.9B
| $113M | 0.06% |
360,100
-47,100
| -12% | -$12.4M |
|
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's Q3 2013 filing shows 1,211 new, 3,709 increased, 3,282 reduced and 982 closed positions. Its largest new stake was Invesco DB Commodity Index Tracking Fund: 1,789,244 shares worth $46.1M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $6.73B.
By sector, the portfolio is most concentrated in Technology at 3.9% of assets, up from 3.1% a quarter earlier, followed by Financials and Consumer Discretionary.
- 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.