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 | |
|---|---|---|---|---|---|---|
76
PUT
Visa
V
$693B
| $326M | 0.17% |
6,813,200
+2,524,800
| +59% | +$117M |
|
77
CALL
American International
AIG
$39.8B
| $323M | 0.17% |
6,641,400
-1,078,000
| -14% | -$51.2M |
|
78
PUT
iShares Core S&P Small-Cap ETF
IJR
$111B
| $322M | 0.17% |
6,446,400
+6,324,200
| +5,175% | +$306M |
|
79
CALL
Chipotle Mexican Grill
CMG
$46.7B
| $321M | 0.17% |
37,450,000
+5,770,000
| +18% | +$46.7M |
|
80
Zoetis
ZTS
$32.1B
| $318M | 0.17% |
10,210,822
-6,475,038
| -39% | -$198M |
|
|
81
PUT
American International
AIG
$39.8B
| $313M | 0.17% |
6,443,800
-799,100
| -11% | -$38M |
|
82
PUT
Freeport-McMoran
FCX
$110B
| $305M | 0.16% |
9,206,900
-772,500
| -8% | -$23.6M |
|
83
Booking.com
BKNG
$158B
| $299M | 0.16% |
7,393,800
+4,235,250
| +134% | +$158M |
|
84
PUT
Johnson & Johnson
JNJ
$651B
| $297M | 0.16% |
3,431,700
+653,400
| +24% | +$58.6M |
|
85
PUT
AT&T
T
$173B
| $294M | 0.16% |
11,522,375
+2,981,648
| +35% | +$78.3M |
|
|
ONXX
86
PUT
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
| $292M | 0.15% |
2,341,200
+1,920,200
| +456% | +$243M |
|
87
CALL
Micron Technology
MU
$1.09T
| $288M | 0.15% |
16,513,800
+3,155,200
| +24% | +$45.8M |
|
|
88
VanEck Gold Miners ETF
GDX
$31.8B
| $285M | 0.15% |
11,388,078
+7,833,655
| +220% | +$208M |
|
89
Procter & Gamble
PG
$336B
| $279M | 0.15% |
3,694,396
+1,782,487
| +93% | +$142M |
|
|
CELG
90
CALL
DELISTED
Celgene Corp
CELG
| $275M | 0.15% |
3,575,400
-102,000
| -3% | -$7.15M |
|
|
91
CALL
Johnson & Johnson
JNJ
$651B
| $272M | 0.14% |
3,142,800
+229,700
| +8% | +$20.6M |
|
|
92
CALL
Procter & Gamble
PG
$336B
| $271M | 0.14% |
3,581,800
-2,174,800
| -38% | -$173M |
|
93
PUT
Gilead Sciences
GILD
$181B
| $270M | 0.14% |
4,297,200
-536,300
| -11% | -$32.1M |
|
94
PUT
Coca-Cola
KO
$392B
| $269M | 0.14% |
7,092,800
+691,700
| +11% | +$27.3M |
|
|
95
Intel
INTC
$476B
| $267M | 0.14% |
11,664,004
+7,342,055
| +170% | +$169M |
|
|
CELG
96
PUT
DELISTED
Celgene Corp
CELG
| $265M | 0.14% |
3,441,200
-332,400
| -9% | -$23.3M |
|
97
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $260M | 0.14% |
5,425,900
+1,980,500
| +57% | +$88M |
|
|
B
98
PUT
Barrick Mining
B
$78.3B
| $259M | 0.14% |
13,899,900
+1,793,700
| +15% | +$31.6M |
|
99
PUT
Wells Fargo
WFC
$254B
| $258M | 0.14% |
6,241,400
+799,100
| +15% | +$34.1M |
|
|
100
Invesco QQQ Trust
QQQ
$486B
| $257M | 0.14% |
3,258,410
-9,142,469
| -74% | -$696M |
|
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.