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 | |
|---|---|---|---|---|---|---|
776
PUT
ICICI Bank
IBN
$106B
| $41.3M | 0.02% |
6,105,000
+837,650
| +16% | +$5.35M |
|
|
JOY
777
PUT
DELISTED
Joy Global Inc
JOY
| $41.2M | 0.02% |
703,700
-318,400
| -31% | -$17.5M |
|
778
PUT
Baxter International
BAX
$13.7B
| $41M | 0.02% |
1,086,190
-362,309
| -25% | -$13.1M |
|
779
Nabors Industries
NBR
$1.31B
| $41M | 0.02% |
48,290
+976
| +2% | +$827K |
|
|
SWY
780
PUT
DELISTED
SAFEWAY INC
SWY
| $41M | 0.02% |
1,406,638
-30,606
| -2% | -$919K |
|
781
PUT
Myriad Genetics
MYGN
$292M
| $40.7M | 0.02% |
1,940,600
+857,900
| +79% | +$21.7M |
|
782
PUT
State Street Technology Select Sector SPDR ETF
XLK
$117B
| $40.5M | 0.02% |
2,268,400
+1,210,200
| +114% | +$20.5M |
|
|
AGN
783
CALL
DELISTED
Allergan plc
AGN
| $40.5M | 0.02% |
241,000
-20,000
| -8% | -$3.13M |
|
784
CALL
Western Digital
WDC
$157B
| $40.4M | 0.02% |
637,686
-238,272
| -27% | -$13.3M |
|
|
785
Western Digital
WDC
$157B
| $40.4M | 0.02% |
636,548
-507,350
| -44% | -$28.3M |
|
786
PUT
Under Armour
UAA
$2.31B
| $40.3M | 0.02% |
1,846,400
-240,800
| -12% | -$4.93M |
|
|
IOC
787
DELISTED
Interoil Corporation
IOC
| $40M | 0.02% |
776,647
-167,776
| -18% | -$11.6M |
|
788
CALL
Macy's
M
$6.1B
| $40M | 0.02% |
748,600
+404,500
| +118% | +$19.6M |
|
789
PUT
State Street
STT
$52.4B
| $40M | 0.02% |
544,600
+45,300
| +9% | +$3.17M |
|
790
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $39.9M | 0.02% |
349,200
+308,100
| +750% | +$35.2M |
|
791
PUT
Constellation Brands
STZ
$23.5B
| $39.8M | 0.02% |
565,500
-135,900
| -19% | -$9.08M |
|
792
CALL
Deutsche Bank
DB
$72.2B
| $39.6M | 0.02% |
962,953
+9,743
| +1% | +$393K |
|
|
CXO
793
PUT
DELISTED
CONCHO RESOURCES INC.
CXO
| $39.5M | 0.02% |
365,700
+21,000
| +6% | +$2.27M |
|
794
TripAdvisor
TRIP
$1.19B
| $39.5M | 0.02% |
476,778
-158,232
| -25% | -$12.9M |
|
795
CALL
LyondellBasell Industries
LYB
$21.1B
| $39.4M | 0.02% |
491,200
+207,300
| +73% | +$15.9M |
|
|
ATVI
796
CALL
DELISTED
Activision Blizzard
ATVI
| $39.4M | 0.02% |
2,209,400
+14,300
| +0.7% | +$246K |
|
|
MRO
797
PUT
DELISTED
Marathon Oil Corporation
MRO
| $39.4M | 0.02% |
1,115,100
+613,400
| +122% | +$21.9M |
|
798
CALL
Emerson Electric
EMR
$87.9B
| $39.3M | 0.02% |
560,400
+57,600
| +11% | +$3.85M |
|
799
PUT
American Tower
AMT
$83.1B
| $39.3M | 0.02% |
491,900
-343,500
| -41% | -$26.7M |
|
800
CALL
Lennar Class A
LEN
$21.2B
| $39.2M | 0.02% |
1,041,316
+62,508
| +6% | +$2.11M |
|
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.