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 | |
|---|---|---|---|---|---|---|
101
CALL
Boeing
BA
$169B
| $301M | 0.14% |
2,205,400
-910,000
| -29% | -$118M |
|
102
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $297M | 0.14% |
6,710,600
-1,895,400
| -22% | -$81.6M |
|
103
CALL
Johnson & Johnson
JNJ
$651B
| $297M | 0.14% |
3,238,500
+95,700
| +3% | +$8.82M |
|
104
Intel
INTC
$476B
| $294M | 0.14% |
11,342,792
-321,212
| -3% | -$7.77M |
|
105
Freeport-McMoran
FCX
$110B
| $293M | 0.14% |
7,752,748
-3,468,908
| -31% | -$123M |
|
|
YHOO
106
PUT
DELISTED
Yahoo Inc
YHOO
| $290M | 0.13% |
7,166,600
+852,800
| +14% | +$30.6M |
|
|
107
PUT
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $286M | 0.13% |
5,616,600
+3,546,200
| +171% | +$172M |
|
|
108
PUT
Freeport-McMoran
FCX
$110B
| $281M | 0.13% |
7,450,700
-1,756,200
| -19% | -$62.3M |
|
109
CALL
AT&T
T
$173B
| $277M | 0.13% |
10,424,779
+5,764,829
| +124% | +$152M |
|
110
SPDR Gold Trust
GLD
$152B
| $275M | 0.13% |
2,369,894
+1,044,514
| +79% | +$128M |
|
|
PXD
111
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $275M | 0.13% |
1,495,600
+697,100
| +87% | +$134M |
|
112
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $275M | 0.13% |
1,661,400
+671,300
| +68% | +$105M |
|
113
PUT
Teva Pharmaceuticals
TEVA
$43.5B
| $273M | 0.13% |
6,820,200
+3,750,900
| +122% | +$148M |
|
|
114
Boeing
BA
$169B
| $273M | 0.13% |
2,002,063
+681,801
| +52% | +$88.6M |
|
115
CALL
Qualcomm
QCOM
$169B
| $266M | 0.12% |
3,580,700
+278,700
| +8% | +$19.7M |
|
116
CALL
3M
MMM
$92.3B
| $263M | 0.12% |
2,242,620
+767,952
| +52% | +$81.8M |
|
117
CALL
Chevron
CVX
$403B
| $262M | 0.12% |
2,096,700
+362,300
| +21% | +$43.8M |
|
118
PUT
CME Group
CME
$98.9B
| $261M | 0.12% |
3,323,100
+664,900
| +25% | +$52.1M |
|
119
CALL
Gilead Sciences
GILD
$181B
| $255M | 0.12% |
3,388,900
+1,055,200
| +45% | +$73.5M |
|
120
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.9B
| $254M | 0.12% |
1,040,104
+511,730
| +97% | +$120M |
|
121
Citigroup
C
$221B
| $252M | 0.12% |
4,833,737
+1,147,673
| +31% | +$58.1M |
|
122
Cisco
CSCO
$438B
| $252M | 0.12% |
11,211,161
+3,689,158
| +49% | +$81.6M |
|
|
123
Cheniere Energy
LNG
$57.3B
| $249M | 0.12% |
5,784,555
+3,683,847
| +175% | +$147M |
|
124
PUT
Morgan Stanley
MS
$336B
| $248M | 0.11% |
7,912,200
-962,300
| -11% | -$28.6M |
|
125
CALL
Merck
MRK
$376B
| $248M | 0.11% |
5,193,469
+1,609,204
| +45% | +$73.6M |
|
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.