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
|
+$1.17B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$831M |
| 3 |
Booking.com
BKNG
|
+$366M |
| 4 |
YHOO
Yahoo Inc
YHOO
|
+$330M |
| 5 |
McDonald's
MCD
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Weyerhaeuser
WY
|
+$752M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$681M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$491M |
| 4 |
Apple
AAPL
|
+$412M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$345M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.22% |
| 2 | Consumer Discretionary | 1.95% |
| 3 | Energy | 1.77% |
| 4 | Financials | 1.73% |
| 5 | Healthcare | 1.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
Invesco QQQ Trust
QQQ
$486B
| $1.23B | 0.48% |
12,489,700
-12,400
| -0.1% | -$1.21M |
|
|
YHOO
27
CALL
DELISTED
Yahoo Inc
YHOO
| $1.23B | 0.47% |
30,251,300
+21,623,000
| +251% | +$811M |
|
28
CALL
Tesla
TSLA
$1.43T
| $1.18B | 0.45% |
72,991,500
-1,957,500
| -3% | -$32.3M |
|
|
YHOO
29
DELISTED
Yahoo Inc
YHOO
| $1.09B | 0.42% |
26,820,320
+8,800,757
| +49% | +$330M |
|
|
30
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.09B | 0.42% |
26,292,900
+9,794,800
| +59% | +$433M |
|
31
Bank of America
BAC
$431B
| $1.03B | 0.4% |
60,348,645
-7,336,077
| -11% | -$117M |
|
|
32
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $932M | 0.36% |
22,426,000
+1,403,000
| +7% | +$62M |
|
33
CALL
Gilead Sciences
GILD
$181B
| $885M | 0.34% |
8,318,400
+3,992,700
| +92% | +$391M |
|
34
PUT
Citigroup
C
$221B
| $860M | 0.33% |
16,588,900
-875,100
| -5% | -$44M |
|
35
CALL
Microsoft
MSFT
$3.59T
| $809M | 0.31% |
17,448,700
+3,977,600
| +30% | +$177M |
|
36
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $777M | 0.3% |
4,570,100
+2,905,700
| +175% | +$492M |
|
37
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $774M | 0.3% |
58,025,000
+10,520,000
| +22% | +$138M |
|
38
CALL
Procter & Gamble
PG
$336B
| $769M | 0.3% |
9,186,900
+2,818,400
| +44% | +$231M |
|
39
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $769M | 0.3% |
17,700,600
+1,534,500
| +9% | +$75.9M |
|
40
PUT
Boeing
BA
$169B
| $733M | 0.28% |
5,756,900
+339,100
| +6% | +$42.7M |
|
|
41
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $719M | 0.28% |
4,228,000
+1,240,900
| +42% | +$210M |
|
|
VXX
42
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $691M | 0.27% |
1,384,631
+628,193
| +83% | +$291M |
|
43
PUT
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$311M
| $691M | 0.27% |
12,260,900
+709,700
| +6% | +$41.3M |
|
44
CALL
Micron Technology
MU
$1.09T
| $676M | 0.26% |
19,744,900
+3,979,000
| +25% | +$129M |
|
|
45
Alphabet (Google) Class C
GOOG
$4.18T
| $669M | 0.26% |
23,011,345
-11,941,295
| -34% | -$345M |
|
46
CALL
ExxonMobil
XOM
$679B
| $669M | 0.26% |
7,109,100
+1,126,100
| +19% | +$112M |
|
47
PUT
Baidu
BIDU
$31.6B
| $666M | 0.26% |
3,051,800
+516,000
| +20% | +$109M |
|
48
CALL
JPMorgan Chase
JPM
$935B
| $661M | 0.25% |
10,977,800
+5,629,700
| +105% | +$329M |
|
|
49
PUT
Microsoft
MSFT
$3.59T
| $654M | 0.25% |
14,117,600
-666,100
| -5% | -$29.7M |
|
|
50
PUT
Micron Technology
MU
$1.09T
| $648M | 0.25% |
18,926,700
+5,854,600
| +45% | +$190M |
|
Similar funds
Jeff Yass's Q3 2014 Portfolio in Review
As of Q3 2014, Jeff Yass held 10,694 positions worth $260B, up 12% from $232B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $28.7B of net new capital in Q3 2014, opening 983 new positions and adding to 4,297 existing holdings. Its largest new stake was Tri Pointe Homes: 13,184,257 shares worth $171M.
By sector, the portfolio is most concentrated in Technology at 2.2% of assets, down from 2.6% a quarter earlier, followed by Consumer Discretionary and Energy.
On the sell side, the largest reduction was Weyerhaeuser, an estimated $752M trimmed.
- Jeff Yass's largest Q3 2014 buy was Tri Pointe Homes: 13,184,257 shares worth $171M.
- Jeff Yass added most to iShares Russell 2000 ETF in Q3 2014, an estimated $1.17B increase.
- Jeff Yass's biggest Q3 2014 reduction was Weyerhaeuser, cutting an estimated $752M.
- Jeff Yass fully exited Capital One Financial Corp in Q3 2014, selling an estimated $85.6M.
- Jeff Yass's ten largest holdings make up 24% of its $260B portfolio in Q3 2014.
- Jeff Yass opened 983 new positions and closed 1,332 in Q3 2014.
- Jeff Yass's portfolio value rose 12% quarter-over-quarter to $260B.
Based on Susquehanna International Group's 13F filing for Q3 2014, filed 17 Nov 2014.