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 20+ Year Treasury Bond ETF
TLT
|
+$607M |
| 2 |
Apple
AAPL
|
+$361M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$214M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$208M |
| 5 |
Intel
INTC
|
+$169M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.73B |
| 2 |
Pfizer
PFE
|
+$887M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$696M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$433M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$320M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.9% |
| 2 | Financials | 1.72% |
| 3 | Consumer Discretionary | 1.47% |
| 4 | Energy | 1.36% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
Baidu
BIDU
$31.6B
| $443M | 0.23% |
2,854,800
+736,100
| +35% | +$94.9M |
|
52
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $437M | 0.23% |
9,127,200
+1,570,600
| +21% | +$69.8M |
|
|
53
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $437M | 0.23% |
4,103,100
-359,700
| -8% | -$38.1M |
|
|
54
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $432M | 0.23% |
6,727,600
-733,400
| -10% | -$44.9M |
|
55
PUT
Boeing
BA
$169B
| $424M | 0.22% |
3,610,100
+1,335,500
| +59% | +$144M |
|
|
GMCR
56
PUT
DELISTED
KEURIG GREEN MTN INC
GMCR
| $413M | 0.22% |
5,485,800
+2,467,000
| +82% | +$195M |
|
57
PUT
IBM
IBM
$222B
| $412M | 0.22% |
2,325,990
+258,676
| +13% | +$47M |
|
58
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $410M | 0.22% |
10,057,450
+2,300,906
| +30% | +$91.1M |
|
|
59
CALL
Baidu
BIDU
$31.6B
| $406M | 0.22% |
2,614,800
+751,700
| +40% | +$96.9M |
|
60
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $404M | 0.21% |
3,555,100
-431,300
| -11% | -$49.8M |
|
|
LNKD
61
PUT
DELISTED
LinkedIn Corporation
LNKD
| $401M | 0.21% |
1,629,800
+702,000
| +76% | +$158M |
|
62
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $398M | 0.21% |
46,400,000
+8,520,000
| +22% | +$68.9M |
|
|
63
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $394M | 0.21% |
9,833,852
+5,402,924
| +122% | +$214M |
|
64
CALL
JPMorgan Chase
JPM
$935B
| $385M | 0.2% |
7,454,400
+919,200
| +14% | +$49.3M |
|
|
LNKD
65
CALL
DELISTED
LinkedIn Corporation
LNKD
| $380M | 0.2% |
1,545,700
+534,300
| +53% | +$120M |
|
66
Freeport-McMoran
FCX
$110B
| $371M | 0.2% |
11,221,656
+1,397,321
| +14% | +$42.7M |
|
|
67
CALL
Boeing
BA
$169B
| $366M | 0.19% |
3,115,400
+1,674,700
| +116% | +$180M |
|
68
CALL
Herbalife
HLF
$1.33B
| $362M | 0.19% |
10,369,800
+6,989,000
| +207% | +$216M |
|
69
PUT
ExxonMobil
XOM
$679B
| $360M | 0.19% |
4,184,400
-4,162,600
| -50% | -$375M |
|
70
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $357M | 0.19% |
8,606,000
-1,750,000
| -17% | -$72.1M |
|
71
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $353M | 0.19% |
9,387,200
+4,882,700
| +108% | +$173M |
|
72
PUT
Intuitive Surgical
ISRG
$134B
| $331M | 0.18% |
7,924,500
+1,376,100
| +21% | +$60.8M |
|
|
73
iShares Russell 2000 ETF
IWM
$81.9B
| $330M | 0.17% |
3,090,462
-3,090,389
| -50% | -$320M |
|
74
PUT
Caterpillar
CAT
$381B
| $329M | 0.17% |
3,948,300
-1,172,600
| -23% | -$99.2M |
|
|
HIG.WS
75
DELISTED
Hartford Financial Services Grp
HIG.WS
| $329M | 0.17% |
14,712,861
| – | – |
|
Similar funds
Jeff Yass's Q3 2013 Portfolio in Review
As of Q3 2013, Jeff Yass held 9,320 positions worth $189B, up 7.4% from $176B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass's Q3 2013 filing shows 1,211 new, 3,709 increased, 3,282 reduced and 982 closed positions. Its largest new stake was Invesco DB Commodity Index Tracking Fund: 1,789,244 shares worth $46.1M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $6.73B.
By sector, the portfolio is most concentrated in Technology at 3.9% of assets, up from 3.1% a quarter earlier, followed by Financials and Consumer Discretionary.
- Jeff Yass's largest Q3 2013 buy was Invesco DB Commodity Index Tracking Fund: 1,789,244 shares worth $46.1M.
- Jeff Yass added most to iShares 20+ Year Treasury Bond ETF in Q3 2013, an estimated $607M increase.
- Jeff Yass's biggest Q3 2013 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $6.73B.
- Jeff Yass fully exited NEWS CORPORATION CL-A in Q3 2013, selling an estimated $41.4M.
- Jeff Yass's ten largest holdings make up 24% of its $189B portfolio in Q3 2013.
- Jeff Yass opened 1,211 new positions and closed 982 in Q3 2013.
- Jeff Yass's portfolio value rose 7.4% quarter-over-quarter to $189B.
Based on Susquehanna International Group's 13F filing for Q3 2013, filed 13 Nov 2013.