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 | |
|---|---|---|---|---|---|---|
|
GAP
551
PUT
The Gap Inc
GAP
$7.28B
| $60.8M | 0.03% |
1,554,500
+1,061,400
| +215% | +$41.6M |
|
|
TFCFA
552
PUT
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $60.5M | 0.03% |
1,720,300
+125,400
| +8% | +$4.23M |
|
553
Goldman Sachs
GS
$301B
| $60.2M | 0.03% |
339,520
-82,503
| -20% | -$13.6M |
|
554
CALL
United Rentals
URI
$67.6B
| $60.2M | 0.03% |
771,800
-29,100
| -4% | -$1.95M |
|
555
CALL
Petrobras
PBR
$120B
| $59.8M | 0.03% |
4,341,900
-733,900
| -14% | -$11.4M |
|
556
CALL
Murphy Oil
MUR
$5.13B
| $59.7M | 0.03% |
920,000
+268,900
| +41% | +$16.9M |
|
|
CHL
557
PUT
DELISTED
China Mobile Limited
CHL
| $59.6M | 0.03% |
1,140,300
+191,900
| +20% | +$10.2M |
|
558
CALL
PNC Financial Services
PNC
$96.7B
| $59.3M | 0.03% |
764,100
-211,000
| -22% | -$15.8M |
|
559
PUT
NOV
NOV
$6.99B
| $59.3M | 0.03% |
826,427
-9,759
| -1% | -$710K |
|
560
iShares MSCI Mexico ETF
EWW
$1.79B
| $59.2M | 0.03% |
870,870
+368,237
| +73% | +$24.2M |
|
|
GG
561
DELISTED
Goldcorp Inc
GG
| $59M | 0.03% |
2,722,430
+1,149,449
| +73% | +$27M |
|
562
CALL
Alcoa
AA
$13.2B
| $58.9M | 0.03% |
2,304,994
+1,571,120
| +214% | +$34.8M |
|
563
PUT
Invesco CurrencyShares Japanese Yen Trust
FXY
$461M
| $58.9M | 0.03% |
634,700
-199,400
| -24% | -$19.4M |
|
564
CALL
Costco
COST
$430B
| $58.7M | 0.03% |
493,600
+122,700
| +33% | +$14.7M |
|
565
CALL
TripAdvisor
TRIP
$1.2B
| $58.7M | 0.03% |
708,400
+518,600
| +273% | +$42.4M |
|
|
566
CALL
iShares MSCI Mexico ETF
EWW
$1.79B
| $58.6M | 0.03% |
861,900
-1,209,500
| -58% | -$79.5M |
|
567
GameStop
GME
$8.09B
| $58.6M | 0.03% |
4,755,204
+1,476,068
| +45% | +$18.9M |
|
568
CALL
State Street SPDR S&P Homebuilders ETF
XHB
$1.41B
| $58.5M | 0.03% |
1,755,800
+252,400
| +17% | +$7.82M |
|
|
MON
569
DELISTED
Monsanto Co
MON
| $58.4M | 0.03% |
501,190
-29,434
| -6% | -$3.22M |
|
|
AGN
570
CALL
DELISTED
Allergan Inc
AGN
| $58.4M | 0.03% |
525,400
+224,800
| +75% | +$21.5M |
|
571
CALL
Intercontinental Exchange
ICE
$90.6B
| $58.2M | 0.03% |
1,294,000
+379,500
| +41% | +$15.6M |
|
|
MWE
572
PUT
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $58.1M | 0.03% |
878,100
+146,100
| +20% | +$10.1M |
|
573
PUT
Illumina
ILMN
$33.1B
| $57.9M | 0.03% |
538,364
+256,898
| +91% | +$23.5M |
|
574
PUT
Kinder Morgan
KMI
$68.8B
| $57.8M | 0.03% |
1,604,700
+479,400
| +43% | +$16.8M |
|
|
RSX
575
PUT
DELISTED
VanEck Russia ETF
RSX
| $57.6M | 0.03% |
1,995,600
+788,000
| +65% | +$22.7M |
|
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.