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 | |
|---|---|---|---|---|---|---|
1276
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.8B
| $21.3M | 0.01% |
489,900
+439,200
| +866% | +$18.2M |
|
1277
CALL
Cigna
CI
$73.5B
| $21.2M | 0.01% |
242,500
-32,500
| -12% | -$2.66M |
|
1278
CALL
BioMarin Pharmaceuticals
BMRN
$12.8B
| $21.2M | 0.01% |
301,600
+156,000
| +107% | +$10.6M |
|
1279
NextEra Energy
NEE
$175B
| $21.2M | 0.01% |
990,016
-219,836
| -18% | -$4.63M |
|
|
NFX
1280
DELISTED
Newfield Exploration
NFX
| $21.2M | 0.01% |
860,265
+487,385
| +131% | +$13.7M |
|
1281
PUT
ProShares UltraShort Silver
ZSL
$60M
| $21.2M | 0.01% |
2,931
-864
| -23% | -$5.61M |
|
1282
PUT
Ashland
ASH
$3.36B
| $21.2M | 0.01% |
445,796
+238,739
| +115% | +$10.7M |
|
1283
PUT
GSK
GSK
$104B
| $21.2M | 0.01% |
317,120
-184,560
| -37% | -$12M |
|
1284
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$4.77B
| $21.1M | 0.01% |
502,400
-2,090,200
| -81% | -$81.9M |
|
|
TWX
1285
DELISTED
Time Warner Inc
TWX
| $21.1M | 0.01% |
316,260
-129,256
| -29% | -$8.35M |
|
1286
Acadia Pharmaceuticals
ACAD
$5.23B
| $21.1M | 0.01% |
845,873
+11,389
| +1% | +$269K |
|
1287
CALL
Applied Materials
AMAT
$381B
| $21.1M | 0.01% |
1,193,600
-1,683,200
| -59% | -$29.3M |
|
1288
iShares Russell 1000 ETF
IWB
$48.9B
| $21.1M | 0.01% |
+204,468
| New | +$20.2M |
|
|
SUNE
1289
CALL
DELISTED
SUNEDISON, INC COM
SUNE
| $21.1M | 0.01% |
1,616,000
+722,700
| +81% | +$8.15M |
|
1290
PUT
Travelers Companies
TRV
$76.4B
| $21.1M | 0.01% |
232,800
+46,000
| +25% | +$4.02M |
|
1291
iShares MSCI EAFE ETF
EFA
$80.3B
| $21.1M | 0.01% |
314,240
-9,086
| -3% | -$594K |
|
|
ATVI
1292
PUT
DELISTED
Activision Blizzard
ATVI
| $21.1M | 0.01% |
1,180,700
+184,300
| +18% | +$3.17M |
|
|
WPZ
1293
PUT
DELISTED
WILLIAMS PARTNERS L.P. COM UTS REPTG L.P. INT
WPZ
| $21M | 0.01% |
439,257
+63,267
| +17% | +$3.03M |
|
|
NTI
1294
CALL
DELISTED
NORTHERN TIER ENERGY LP CLASS A
NTI
| $21M | 0.01% |
854,500
+91,800
| +12% | +$2.17M |
|
1295
CALL
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$65.3M
| $21M | 0.01% |
4
-1
| -20% | -$4.92M |
|
1296
CALL
T. Rowe Price
TROW
$23.9B
| $20.9M | 0.01% |
250,000
+126,300
| +102% | +$9.89M |
|
|
JCP
1297
DELISTED
J.C. Penney Company, Inc.
JCP
| $20.9M | 0.01% |
2,287,257
-877,118
| -28% | -$7.31M |
|
|
1298
CALL
Travelers Companies
TRV
$76.4B
| $20.9M | 0.01% |
231,000
-215,800
| -48% | -$18.9M |
|
1299
CALL
HSBC
HSBC
$356B
| $20.9M | 0.01% |
440,202
-190,216
| -30% | -$9.01M |
|
1300
CALL
Visteon
VC
$2.74B
| $20.8M | 0.01% |
254,500
+35,900
| +16% | +$2.77M |
|
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.