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 | |
|---|---|---|---|---|---|---|
601
CALL
Tapestry
TPR
$26.5B
| $55.2M | 0.03% |
982,600
-424,000
| -30% | -$22.9M |
|
602
PUT
Vodafone
VOD
$36.9B
| $55.1M | 0.03% |
1,376,147
-245,642
| -15% | -$9.24M |
|
603
Transocean
RIG
$6.43B
| $55M | 0.03% |
1,113,319
+634,038
| +132% | +$31M |
|
604
CALL
Akamai
AKAM
$15.1B
| $55M | 0.03% |
1,164,700
+12,100
| +1% | +$571K |
|
605
CALL
United Airlines
UAL
$36.6B
| $54.8M | 0.03% |
1,447,500
+30,100
| +2% | +$1.05M |
|
606
PUT
Alcoa
AA
$13.1B
| $54.6M | 0.03% |
2,137,120
+333
| +0% | +$7.38K |
|
607
PUT
Zillow
ZG
$8.43B
| $54.1M | 0.03% |
1,986,900
+188,700
| +10% | +$4.99M |
|
608
Altria Group
MO
$114B
| $54.1M | 0.03% |
1,409,687
+15,035
| +1% | +$555K |
|
|
RAX
609
PUT
DELISTED
Rackspace Hosting Inc
RAX
| $54.1M | 0.03% |
1,382,800
+937,400
| +210% | +$40.8M |
|
|
610
Vodafone
VOD
$36.9B
| $54.1M | 0.03% |
1,349,618
-528,728
| -28% | -$19.9M |
|
|
VIAB
611
PUT
DELISTED
Viacom Inc. Class B
VIAB
| $53.7M | 0.02% |
614,700
-251,800
| -29% | -$20.8M |
|
612
Petrobras
PBR
$119B
| $53.6M | 0.02% |
3,890,066
+304,827
| +9% | +$4.73M |
|
613
Regeneron Pharmaceuticals
REGN
$85.4B
| $53.6M | 0.02% |
194,588
+23,758
| +14% | +$6.83M |
|
614
Costco
COST
$430B
| $53.5M | 0.02% |
449,678
+168,349
| +60% | +$20.1M |
|
615
PUT
Estee Lauder
EL
$37.5B
| $53.4M | 0.02% |
709,500
-155,400
| -18% | -$11.3M |
|
|
WLL
616
CALL
DELISTED
Whiting Petroleum Corporation
WLL
| $53.3M | 0.02% |
2,869
+760
| +36% | +$14.4M |
|
617
Kinder Morgan
KMI
$68.9B
| $53.2M | 0.02% |
1,478,535
+595,724
| +67% | +$20.9M |
|
|
618
United Airlines
UAL
$36.6B
| $53.2M | 0.02% |
1,406,993
+224,036
| +19% | +$7.85M |
|
|
ONIT
619
CALL
Onity Group
ONIT
$302M
| $53.2M | 0.02% |
63,927
+16,974
| +36% | +$14M |
|
620
UnitedHealth
UNH
$356B
| $53M | 0.02% |
703,636
-730,158
| -51% | -$52.5M |
|
621
PUT
Hartford Financial Services
HIG
$37.6B
| $52.9M | 0.02% |
1,460,300
-5,100
| -0.3% | -$176K |
|
|
ESRX
622
DELISTED
Express Scripts Holding Company
ESRX
| $52.7M | 0.02% |
750,524
+16,897
| +2% | +$1.1M |
|
623
CALL
Kohl's
KSS
$2.06B
| $52.5M | 0.02% |
924,400
+165,000
| +22% | +$9.05M |
|
|
GM.WS.A
624
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
| $52.3M | 0.02% |
1,678,343
+99,758
| +6% | +$2.81M |
|
625
Herbalife
HLF
$1.34B
| $52.3M | 0.02% |
1,328,230
-621,454
| -32% | -$21.5M |
|
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.