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 | |
|---|---|---|---|---|---|---|
|
101
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $254M | 0.13% |
2,389,400
-2,066,000
| -46% | -$219M |
|
102
CALL
BP
BP
$115B
| $252M | 0.13% |
7,323,791
+642,938
| +10% | +$22.1M |
|
103
PUT
GE Aerospace
GE
$361B
| $251M | 0.13% |
2,192,267
+524,848
| +31% | +$60.2M |
|
104
JPMorgan Chase
JPM
$935B
| $250M | 0.13% |
4,836,215
+3,332
| +0.1% | +$179K |
|
|
105
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $248M | 0.13% |
9,892,400
-1,532,900
| -13% | -$40.8M |
|
106
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $245M | 0.13% |
3,839,800
-5,898,400
| -61% | -$385M |
|
|
APC
107
CALL
DELISTED
Anadarko Petroleum
APC
| $241M | 0.13% |
2,587,200
+646,000
| +33% | +$58.8M |
|
108
CALL
Coca-Cola
KO
$392B
| $240M | 0.13% |
6,328,300
+526,100
| +9% | +$20.8M |
|
109
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $240M | 0.13% |
1,586,500
-267,300
| -14% | -$40.8M |
|
110
PUT
Morgan Stanley
MS
$336B
| $239M | 0.13% |
8,874,500
-1,151,700
| -11% | -$30.9M |
|
111
Berkshire Hathaway Class B
BRK.B
$1.06T
| $239M | 0.13% |
2,103,233
+576,912
| +38% | +$66.6M |
|
112
PUT
Cisco
CSCO
$438B
| $238M | 0.13% |
10,139,400
+2,828,600
| +39% | +$70.2M |
|
|
GMCR
113
CALL
DELISTED
KEURIG GREEN MTN INC
GMCR
| $238M | 0.13% |
3,153,500
+754,100
| +31% | +$59.5M |
|
114
CALL
Visa
V
$693B
| $237M | 0.13% |
4,970,800
-7,200
| -0.1% | -$333K |
|
115
PUT
Wynn Resorts
WYNN
$10.3B
| $237M | 0.13% |
1,500,600
+211,000
| +16% | +$29.6M |
|
116
CALL
iShares Core S&P Small-Cap ETF
IJR
$111B
| $235M | 0.12% |
4,705,200
+4,457,000
| +1,796% | +$215M |
|
|
B
117
Barrick Mining
B
$78.3B
| $233M | 0.12% |
12,531,449
+1,486,546
| +13% | +$26.2M |
|
118
PUT
Chevron
CVX
$403B
| $233M | 0.12% |
1,918,800
+182,800
| +11% | +$22.5M |
|
119
Microsoft
MSFT
$3.59T
| $233M | 0.12% |
6,993,138
+4,742,563
| +211% | +$156M |
|
120
PUT
lululemon athletica
LULU
$13.7B
| $225M | 0.12% |
3,082,300
+58,100
| +2% | +$4.05M |
|
121
PUT
United States Oil Fund
USO
$2.24B
| $224M | 0.12% |
759,488
-142,962
| -16% | -$43.1M |
|
122
CALL
SLB Ltd
SLB
$79.9B
| $223M | 0.12% |
2,520,800
+623,700
| +33% | +$51.2M |
|
123
CALL
Qualcomm
QCOM
$169B
| $222M | 0.12% |
3,302,000
-364,900
| -10% | -$23.9M |
|
124
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $222M | 0.12% |
11,884,000
+7,948,600
| +202% | +$151M |
|
125
CALL
IBM
IBM
$222B
| $220M | 0.12% |
1,243,380
-425,199
| -25% | -$77.3M |
|
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.