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 | |
|---|---|---|---|---|---|---|
|
76
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $399M | 0.18% |
3,894,300
+1,504,900
| +63% | +$158M |
|
77
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $396M | 0.18% |
3,342,400
-212,700
| -6% | -$24.6M |
|
78
PUT
American International
AIG
$39.8B
| $390M | 0.18% |
7,645,300
+1,201,500
| +19% | +$59.9M |
|
79
PUT
Johnson & Johnson
JNJ
$651B
| $390M | 0.18% |
4,254,600
+822,900
| +24% | +$75.8M |
|
80
CALL
JPMorgan Chase
JPM
$935B
| $385M | 0.18% |
6,582,800
-871,600
| -12% | -$47.8M |
|
|
LNKD
81
CALL
DELISTED
LinkedIn Corporation
LNKD
| $384M | 0.18% |
1,769,300
+223,600
| +14% | +$50.9M |
|
|
GMCR
82
PUT
DELISTED
KEURIG GREEN MTN INC
GMCR
| $372M | 0.17% |
4,924,700
-561,100
| -10% | -$38.2M |
|
83
Booking.com
BKNG
$158B
| $368M | 0.17% |
7,914,600
+520,800
| +7% | +$23.2M |
|
|
84
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $367M | 0.17% |
3,578,100
-525,000
| -13% | -$55M |
|
85
PUT
GE Aerospace
GE
$361B
| $367M | 0.17% |
2,729,717
+537,450
| +25% | +$67.7M |
|
86
PUT
ExxonMobil
XOM
$679B
| $361M | 0.17% |
3,566,700
-617,700
| -15% | -$57.1M |
|
|
CELG
87
PUT
DELISTED
Celgene Corp
CELG
| $347M | 0.16% |
4,112,400
+671,200
| +20% | +$53.1M |
|
88
PUT
Intuitive Surgical
ISRG
$134B
| $347M | 0.16% |
8,136,900
+212,400
| +3% | +$8.94M |
|
89
PUT
AT&T
T
$173B
| $344M | 0.16% |
12,937,069
+1,414,694
| +12% | +$37.2M |
|
90
PUT
Ford
F
$57.5B
| $339M | 0.16% |
21,987,600
+9,574,600
| +77% | +$161M |
|
91
PUT
Wynn Resorts
WYNN
$10.3B
| $338M | 0.16% |
1,741,400
+240,800
| +16% | +$41.1M |
|
|
92
CALL
American International
AIG
$39.8B
| $334M | 0.15% |
6,534,600
-106,800
| -2% | -$5.32M |
|
93
PUT
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $333M | 0.15% |
1,363,800
+436,100
| +47% | +$103M |
|
94
PUT
Cisco
CSCO
$438B
| $326M | 0.15% |
14,511,400
+4,372,000
| +43% | +$96.7M |
|
95
PUT
Coca-Cola
KO
$392B
| $323M | 0.15% |
7,811,600
+718,800
| +10% | +$28.4M |
|
96
PUT
3D Systems Corp
DDD
$530M
| $321M | 0.15% |
3,452,750
+758,900
| +28% | +$53.2M |
|
97
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $319M | 0.15% |
8,313,100
-4,057,000
| -33% | -$155M |
|
98
CALL
Halliburton
HAL
$29.4B
| $310M | 0.14% |
6,103,700
+2,245,600
| +58% | +$116M |
|
|
99
Berkshire Hathaway Class B
BRK.B
$1.06T
| $309M | 0.14% |
2,606,017
+502,784
| +24% | +$58.1M |
|
100
CALL
Biogen
BIIB
$32B
| $307M | 0.14% |
1,096,600
+307,900
| +39% | +$79.6M |
|
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.