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 | |
|---|---|---|---|---|---|---|
301
PUT
Equinix
EQIX
$105B
| $114M | 0.05% |
642,500
+133,200
| +26% | +$22.1M |
|
302
CALL
Nokia
NOK
$57B
| $113M | 0.05% |
13,984,000
+1,723,200
| +14% | +$13M |
|
303
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $113M | 0.05% |
413,050
-115,450
| -22% | -$31.6M |
|
304
PUT
Lockheed Martin
LMT
$130B
| $113M | 0.05% |
760,200
+17,200
| +2% | +$2.34M |
|
|
X
305
PUT
DELISTED
US Steel
X
| $113M | 0.05% |
3,824,300
-547,400
| -13% | -$14.1M |
|
306
PUT
Yum! Brands
YUM
$41.8B
| $113M | 0.05% |
2,072,868
+1,483,919
| +252% | +$76.3M |
|
|
QIHU
307
PUT
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $112M | 0.05% |
1,367,300
+163,800
| +14% | +$13.7M |
|
308
CALL
Las Vegas Sands
LVS
$30.5B
| $112M | 0.05% |
1,421,000
-697,400
| -33% | -$50.2M |
|
309
PUT
Costco
COST
$420B
| $112M | 0.05% |
939,900
+326,700
| +53% | +$39.1M |
|
|
QIHU
310
CALL
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $112M | 0.05% |
1,360,300
-197,600
| -13% | -$16.5M |
|
311
Micron Technology
MU
$1.09T
| $111M | 0.05% |
5,114,172
+2,839,351
| +125% | +$55.2M |
|
312
PUT
Vale
VALE
$62.1B
| $111M | 0.05% |
7,267,700
+1,965,800
| +37% | +$30.6M |
|
|
B
313
CALL
Barrick Mining
B
$78.3B
| $111M | 0.05% |
6,285,000
+676,400
| +12% | +$11.9M |
|
|
WFM
314
PUT
DELISTED
Whole Foods Market Inc
WFM
| $111M | 0.05% |
1,912,200
+787,900
| +70% | +$46.7M |
|
315
Verizon
VZ
$205B
| $110M | 0.05% |
2,238,291
-88,457
| -4% | -$4.35M |
|
316
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $110M | 0.05% |
5,724,193
-81,507
| -1% | -$1.5M |
|
317
CALL
ConocoPhillips
COP
$162B
| $109M | 0.05% |
1,545,000
-82,700
| -5% | -$5.94M |
|
|
AMTD
318
PUT
DELISTED
TD Ameritrade Holding Corp
AMTD
| $108M | 0.05% |
3,525,300
-52,900
| -1% | -$1.51M |
|
319
CALL
Teva Pharmaceuticals
TEVA
$43.5B
| $107M | 0.05% |
2,659,600
+1,821,700
| +217% | +$71.7M |
|
320
CALL
Oil States International
OIS
$522M
| $107M | 0.05% |
1,832,775
+1,049,300
| +134% | +$62.9M |
|
321
PUT
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$268M
| – | – |
0
| – | – |
|
322
CALL
Valero Energy
VLO
$100B
| $106M | 0.05% |
2,102,000
-497,400
| -19% | -$21M |
|
|
ESRX
323
PUT
DELISTED
Express Scripts Holding Company
ESRX
| $105M | 0.05% |
1,500,700
-350,300
| -19% | -$22.9M |
|
324
CALL
DuPont de Nemours
DD
$18.7B
| $105M | 0.05% |
935,947
+130,350
| +16% | +$13.4M |
|
325
CALL
Wynn Resorts
WYNN
$10.3B
| $105M | 0.05% |
539,700
+6,700
| +1% | +$1.14M |
|
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.