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 | |
|---|---|---|---|---|---|---|
|
TWTR
26
CALL
DELISTED
Twitter, Inc.
TWTR
| $906M | 0.42% |
+14,231,700
| New | +$707M |
|
|
27
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $894M | 0.41% |
8,772,784
+2,446,022
| +39% | +$256M |
|
28
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $873M | 0.4% |
11,022,100
+1,295,200
| +13% | +$99M |
|
29
PUT
SPDR Gold Trust
GLD
$152B
| $851M | 0.39% |
7,328,920
-4,726,960
| -39% | -$580M |
|
30
CALL
ExxonMobil
XOM
$679B
| $826M | 0.38% |
8,161,700
+2,354,400
| +41% | +$218M |
|
31
PUT
Microsoft
MSFT
$3.59T
| $823M | 0.38% |
21,983,500
+5,107,800
| +30% | +$186M |
|
32
CALL
Netflix
NFLX
$331B
| $791M | 0.37% |
150,437,000
-1,064,000
| -0.7% | -$5.22M |
|
33
Bank of America
BAC
$431B
| $788M | 0.36% |
50,603,193
+2,547,776
| +5% | +$37.8M |
|
34
CALL
Tesla
TSLA
$1.43T
| $705M | 0.33% |
70,321,500
-2,751,000
| -4% | -$28.1M |
|
|
35
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $700M | 0.32% |
16,746,300
+2,774,700
| +20% | +$116M |
|
|
36
CALL
Microsoft
MSFT
$3.59T
| $697M | 0.32% |
18,615,000
+1,753,600
| +10% | +$63.7M |
|
37
Alphabet (Google) Class C
GOOG
$4.18T
| $682M | 0.31% |
24,423,202
+644,245
| +3% | +$16.3M |
|
38
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $670M | 0.31% |
9,994,300
+3,266,700
| +49% | +$213M |
|
39
PUT
JPMorgan Chase
JPM
$935B
| $664M | 0.31% |
11,360,000
+227,900
| +2% | +$12.5M |
|
40
PUT
Boeing
BA
$169B
| $651M | 0.3% |
4,771,800
+1,161,700
| +32% | +$151M |
|
41
CALL
United Parcel Service
UPS
$86.8B
| $645M | 0.3% |
6,138,900
+854,700
| +16% | +$84.2M |
|
42
PUT
Goldman Sachs
GS
$303B
| $634M | 0.29% |
3,578,200
-310,500
| -8% | -$51.2M |
|
43
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $630M | 0.29% |
59,100,000
+12,700,000
| +27% | +$129M |
|
44
PUT
Citigroup
C
$221B
| $605M | 0.28% |
11,614,600
-2,651,300
| -19% | -$134M |
|
|
45
CALL
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $580M | 0.27% |
7,321,500
+1,412,200
| +24% | +$108M |
|
46
CALL
Baidu
BIDU
$31.6B
| $555M | 0.26% |
3,121,200
+506,400
| +19% | +$81.8M |
|
47
PUT
Micron Technology
MU
$1.09T
| $550M | 0.25% |
25,267,400
+15,630,100
| +162% | +$304M |
|
48
CALL
Visa
V
$693B
| $546M | 0.25% |
9,806,400
+4,835,600
| +97% | +$244M |
|
49
PUT
Intel
INTC
$476B
| $534M | 0.25% |
20,562,000
+1,012,100
| +5% | +$24.5M |
|
|
50
PUT
Visa
V
$693B
| $508M | 0.23% |
9,130,800
+2,317,600
| +34% | +$117M |
|
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.