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 |
Alphabet (Google) Class C
GOOG
|
+$769M |
| 2 |
Bank of America
BAC
|
+$569M |
| 3 |
Citigroup
C
|
+$440M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$356M |
| 5 |
Amazon
AMZN
|
+$304M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.22B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$483M |
| 3 |
SPDR Gold Trust
GLD
|
+$246M |
| 4 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$233M |
| 5 |
iShares Russell 2000 Growth ETF
IWO
|
+$202M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.44% |
| 2 | Financials | 2.28% |
| 3 | Consumer Discretionary | 1.87% |
| 4 | Communication Services | 1.75% |
| 5 | Energy | 1.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
PUT
Citigroup
C
$221B
| $982M | 0.46% |
20,637,500
+9,022,900
| +78% | +$449M |
|
27
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $928M | 0.43% |
22,631,300
+5,885,000
| +35% | +$231M |
|
28
PUT
Netflix
NFLX
$331B
| $912M | 0.42% |
181,419,000
-32,753,000
| -15% | -$188M |
|
29
CALL
ExxonMobil
XOM
$679B
| $901M | 0.42% |
9,228,300
+1,066,600
| +13% | +$102M |
|
30
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $762M | 0.35% |
11,279,100
+257,000
| +2% | +$18.4M |
|
31
CALL
Microsoft
MSFT
$3.59T
| $751M | 0.35% |
18,330,000
-285,000
| -2% | -$10.7M |
|
|
32
CALL
Citigroup
C
$221B
| $745M | 0.35% |
15,650,200
+5,989,000
| +62% | +$298M |
|
|
33
CALL
SPDR Gold Trust
GLD
$152B
| $742M | 0.34% |
6,006,780
-2,424,860
| -29% | -$302M |
|
|
34
PUT
SPDR Gold Trust
GLD
$152B
| $668M | 0.31% |
5,402,650
-1,926,270
| -26% | -$240M |
|
|
35
CALL
Netflix
NFLX
$331B
| $654M | 0.3% |
130,004,000
-20,433,000
| -14% | -$117M |
|
|
36
Citigroup
C
$221B
| $650M | 0.3% |
13,664,246
+8,830,509
| +183% | +$440M |
|
|
VXX
37
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $644M | 0.3% |
954,994
+284,300
| +42% | +$200M |
|
38
PUT
Boeing
BA
$169B
| $631M | 0.29% |
5,031,900
+260,100
| +5% | +$33.9M |
|
39
PUT
Goldman Sachs
GS
$303B
| $626M | 0.29% |
3,819,800
+241,600
| +7% | +$40.6M |
|
40
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $622M | 0.29% |
3,788,700
+2,861,800
| +309% | +$462M |
|
41
PUT
General Motors
GM
$77.2B
| $618M | 0.29% |
17,966,200
+7,525,700
| +72% | +$276M |
|
42
PUT
Gilead Sciences
GILD
$181B
| $617M | 0.29% |
8,703,400
+3,001,300
| +53% | +$235M |
|
|
43
PUT
Microsoft
MSFT
$3.59T
| $614M | 0.28% |
14,988,700
-6,994,800
| -32% | -$263M |
|
44
PUT
Mastercard
MA
$509B
| $608M | 0.28% |
8,136,100
-7,465,900
| -48% | -$583M |
|
45
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $584M | 0.27% |
51,390,000
-7,710,000
| -13% | -$85M |
|
46
CALL
United Parcel Service
UPS
$86.8B
| $577M | 0.27% |
5,924,900
-214,000
| -3% | -$20.9M |
|
47
PUT
JPMorgan Chase
JPM
$935B
| $564M | 0.26% |
9,291,000
-2,069,000
| -18% | -$120M |
|
|
VXX
48
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $550M | 0.25% |
815,456
+508,268
| +165% | +$358M |
|
49
PUT
IBM
IBM
$222B
| $540M | 0.25% |
2,931,938
+138,072
| +5% | +$24.3M |
|
50
PUT
Micron Technology
MU
$1.09T
| $538M | 0.25% |
22,759,400
-2,508,000
| -10% | -$59.6M |
|
Similar funds
Jeff Yass's Q1 2014 Portfolio in Review
As of Q1 2014, Jeff Yass held 10,124 positions worth $216B, down 0.37% from $217B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Jeff Yass's Q1 2014 filing shows 1,198 new, 3,663 increased, 3,868 reduced and 1,303 closed positions. Its largest new stake was VanEck Junior Gold Miners ETF: 1,956,976 shares worth $70.7M. The largest sale was Apple, an estimated $2.22B.
By sector, the portfolio is most concentrated in Technology at 2.4% of assets, down from 3.6% a quarter earlier, followed by Financials and Consumer Discretionary.
- Jeff Yass's largest Q1 2014 buy was VanEck Junior Gold Miners ETF: 1,956,976 shares worth $70.7M.
- Jeff Yass added most to Alphabet (Google) Class C in Q1 2014, an estimated $769M increase.
- Jeff Yass's biggest Q1 2014 reduction was Apple, cutting an estimated $2.22B.
- Jeff Yass fully exited Vodafone in Q1 2014, selling an estimated $54.1M.
- Jeff Yass's ten largest holdings make up 23% of its $216B portfolio in Q1 2014.
- Jeff Yass opened 1,198 new positions and closed 1,303 in Q1 2014.
- Jeff Yass's portfolio value fell 0.37% quarter-over-quarter to $216B.
Based on Susquehanna International Group's 13F filing for Q1 2014, filed 14 May 2014.