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 | |
|---|---|---|---|---|---|---|
26
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $732M | 0.39% |
9,726,900
+4,248,300
| +78% | +$328M |
|
27
PUT
Bank of America
BAC
$431B
| $700M | 0.37% |
50,694,700
+502,900
| +1% | +$7.18M |
|
28
PUT
Citigroup
C
$221B
| $692M | 0.37% |
14,265,900
+47,600
| +0.3% | +$2.41M |
|
|
29
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $673M | 0.36% |
6,326,762
+5,725,850
| +953% | +$607M |
|
30
CALL
Netflix
NFLX
$331B
| $669M | 0.35% |
151,501,000
+14,161,000
| +10% | +$54.7M |
|
|
31
Bank of America
BAC
$431B
| $663M | 0.35% |
48,055,417
-1,415,975
| -3% | -$20.2M |
|
32
PUT
Goldman Sachs
GS
$303B
| $615M | 0.33% |
3,888,700
+381,900
| +11% | +$61.5M |
|
33
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $576M | 0.31% |
13,971,600
+3,475,900
| +33% | +$138M |
|
34
PUT
JPMorgan Chase
JPM
$935B
| $575M | 0.31% |
11,132,100
+1,766,000
| +19% | +$94.7M |
|
35
PUT
Microsoft
MSFT
$3.59T
| $562M | 0.3% |
16,875,700
+362,000
| +2% | +$11.9M |
|
|
36
CALL
Microsoft
MSFT
$3.59T
| $562M | 0.3% |
16,861,400
+5,145,500
| +44% | +$169M |
|
37
Alphabet (Google) Class C
GOOG
$4.18T
| $519M | 0.28% |
23,778,957
-676,165
| -3% | -$14.9M |
|
|
38
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $506M | 0.27% |
7,872,500
+2,119,700
| +37% | +$130M |
|
39
CALL
ExxonMobil
XOM
$679B
| $500M | 0.27% |
5,807,300
-1,357,700
| -19% | -$122M |
|
40
PUT
Procter & Gamble
PG
$336B
| $491M | 0.26% |
6,491,500
-3,144,400
| -33% | -$250M |
|
41
CALL
United Parcel Service
UPS
$86.8B
| $483M | 0.26% |
5,284,200
+2,773,000
| +110% | +$244M |
|
|
42
CALL
Invesco QQQ Trust
QQQ
$486B
| $476M | 0.25% |
6,031,400
-1,247,000
| -17% | -$95M |
|
|
43
CALL
Citigroup
C
$221B
| $473M | 0.25% |
9,758,200
-1,032,500
| -10% | -$52.2M |
|
44
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $466M | 0.25% |
12,370,100
-1,069,000
| -8% | -$38M |
|
45
CALL
Mastercard
MA
$509B
| $465M | 0.25% |
6,911,000
-3,709,000
| -35% | -$233M |
|
|
46
CALL
Goldman Sachs
GS
$303B
| $463M | 0.25% |
2,924,900
-387,000
| -12% | -$62.3M |
|
47
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $456M | 0.24% |
26,091,797
+16,114,245
| +162% | +$286M |
|
48
PUT
Herbalife
HLF
$1.33B
| $455M | 0.24% |
13,047,000
+6,163,400
| +90% | +$191M |
|
|
49
PUT
Intel
INTC
$476B
| $448M | 0.24% |
19,549,900
+3,039,100
| +18% | +$70M |
|
|
50
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $445M | 0.24% |
5,909,300
+97,400
| +2% | +$7.51M |
|
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.