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
|
+$1.17B |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$831M |
| 3 |
Booking.com
BKNG
|
+$366M |
| 4 |
YHOO
Yahoo Inc
YHOO
|
+$330M |
| 5 |
McDonald's
MCD
|
+$217M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Weyerhaeuser
WY
|
+$752M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$681M |
| 3 |
PARA
Paramount Global Class B
PARA
|
+$491M |
| 4 |
Apple
AAPL
|
+$412M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$345M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.22% |
| 2 | Consumer Discretionary | 1.95% |
| 3 | Energy | 1.77% |
| 4 | Financials | 1.73% |
| 5 | Healthcare | 1.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
IBM
IBM
$222B
| $471M | 0.18% |
2,593,557
-492,561
| -16% | -$89.7M |
|
77
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $467M | 0.18% |
6,743,800
+2,540,100
| +60% | +$184M |
|
|
GMCR
78
PUT
DELISTED
KEURIG GREEN MTN INC
GMCR
| $464M | 0.18% |
3,565,400
-571,100
| -14% | -$71.4M |
|
79
PUT
Biogen
BIIB
$32B
| $457M | 0.18% |
1,381,700
+250,300
| +22% | +$82.5M |
|
80
PUT
GoPro
GPRO
$116M
| $453M | 0.17% |
+4,833,700
| New | +$247M |
|
81
PUT
Intuitive Surgical
ISRG
$134B
| $453M | 0.17% |
8,822,700
+1,010,700
| +13% | +$50.2M |
|
82
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $446M | 0.17% |
9,854,000
+2,435,800
| +33% | +$118M |
|
|
LNKD
83
PUT
DELISTED
LinkedIn Corporation
LNKD
| $446M | 0.17% |
2,144,500
+387,000
| +22% | +$77.3M |
|
|
VXX
84
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $444M | 0.17% |
889,200
+290,694
| +49% | +$134M |
|
85
PUT
Chevron
CVX
$403B
| $442M | 0.17% |
3,707,800
+2,352,800
| +174% | +$300M |
|
86
PUT
Ford
F
$57.5B
| $435M | 0.17% |
29,441,800
+11,391,200
| +63% | +$195M |
|
87
PUT
GE Aerospace
GE
$361B
| $432M | 0.17% |
3,518,481
+184,916
| +6% | +$23M |
|
88
CALL
SLB Ltd
SLB
$79.9B
| $431M | 0.17% |
4,233,900
+1,985,600
| +88% | +$216M |
|
|
APC
89
CALL
DELISTED
Anadarko Petroleum
APC
| $429M | 0.17% |
4,225,500
+1,517,500
| +56% | +$164M |
|
90
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $426M | 0.16% |
6,636,200
+1,449,600
| +28% | +$96.7M |
|
|
LNKD
91
CALL
DELISTED
LinkedIn Corporation
LNKD
| $418M | 0.16% |
2,011,600
+560,200
| +39% | +$112M |
|
92
CALL
CF Industries
CF
$19.6B
| $415M | 0.16% |
7,434,500
+5,092,500
| +217% | +$258M |
|
93
General Motors
GM
$77.2B
| $404M | 0.16% |
12,635,847
+595,216
| +5% | +$20.7M |
|
|
AGN
94
PUT
DELISTED
Allergan plc
AGN
| $402M | 0.15% |
1,666,000
+874,700
| +111% | +$196M |
|
95
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $400M | 0.15% |
10,459,100
+915,200
| +10% | +$36.7M |
|
96
CALL
Bank of America
BAC
$431B
| $397M | 0.15% |
23,283,600
+7,974,200
| +52% | +$127M |
|
97
PUT
Caterpillar
CAT
$381B
| $390M | 0.15% |
3,937,700
+1,660,600
| +73% | +$176M |
|
98
VanEck Gold Miners ETF
GDX
$31.8B
| $387M | 0.15% |
18,110,126
+4,540,045
| +33% | +$116M |
|
99
CALL
eBay
EBAY
$46.3B
| $379M | 0.15% |
15,917,299
+5,662,008
| +55% | +$126M |
|
100
CALL
Johnson & Johnson
JNJ
$651B
| $378M | 0.15% |
3,550,000
+899,200
| +34% | +$93.3M |
|
Similar funds
Jeff Yass's Q3 2014 Portfolio in Review
As of Q3 2014, Jeff Yass held 10,694 positions worth $260B, up 12% from $232B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $28.7B of net new capital in Q3 2014, opening 983 new positions and adding to 4,297 existing holdings. Its largest new stake was Tri Pointe Homes: 13,184,257 shares worth $171M.
By sector, the portfolio is most concentrated in Technology at 2.2% of assets, down from 2.6% a quarter earlier, followed by Consumer Discretionary and Energy.
On the sell side, the largest reduction was Weyerhaeuser, an estimated $752M trimmed.
- Jeff Yass's largest Q3 2014 buy was Tri Pointe Homes: 13,184,257 shares worth $171M.
- Jeff Yass added most to iShares Russell 2000 ETF in Q3 2014, an estimated $1.17B increase.
- Jeff Yass's biggest Q3 2014 reduction was Weyerhaeuser, cutting an estimated $752M.
- Jeff Yass fully exited Capital One Financial Corp in Q3 2014, selling an estimated $85.6M.
- Jeff Yass's ten largest holdings make up 24% of its $260B portfolio in Q3 2014.
- Jeff Yass opened 983 new positions and closed 1,332 in Q3 2014.
- Jeff Yass's portfolio value rose 12% quarter-over-quarter to $260B.
Based on Susquehanna International Group's 13F filing for Q3 2014, filed 17 Nov 2014.